Protective Life

Founded in 1907 in Birmingham, Alabama, Protective Life Insurance Company is one of America’s oldest and most trusted insurance providers. In 1969, Protective Life embarked on an ambitious expansion plan, extending coverage to include all 50 states. As a national insurance carrier, Protective Life now offers three major categories of products: life and health insurance, asset protection, and retirement, savings and investment products.

Protective Life provides critical illness insurance products for recipients age 0-64, offering a lump benefit sum upon diagnosis of a covered condition. Policies are guaranteed renewable for life, and no waiting period is required on most covered conditions. The initial benefit amount reduces by $50% on the policyholder’s 65^th birthday, or on the 5^th anniversary of the policy if the applicant is over 60.

Covered conditions include cardiac arrest, stroke, invasive cancer, major organ transplant, end-stage renal failure, advanced Alzheimer’s disease, blindness, deafness, paralysis, major burns and accidental loss of speech. Cancer in situ and coronary bypass surgery draw 25% of benefits, and angioplasty draws 10%. If the policyholder dies, all premiums paid so far are returned to beneficiaries.

Summary of Coverage

Issue Age Range

 18-65

Renewable to Age

 Life

Min Face

 $25,000

Max Face

 $99,000

AM Best Rating

 A+

Waiting Period

 None; Cancer - 90 days

Survival Period

None

Benefit Reduction

 50% at later of age 65 or five years after issue

Use Restrictions

 None

Death Benefit

 Return of Premium less Benefits Paid

Additional Benefits

Angioplasty

10% 

In Situ Cancer

25% 

Loss of Hearing

100% 

Burns

100% 

Loss of Speech

100% 

Heart Transplant

100% 

Coronary Bypass

25% 

Renal (Kidney) failure

100% 

Blindness

100% 

Major Organ Transplant

100% 

Paralysis

100% 

Stroke

100% 

Heart Attack

100% 

Cancer

100%