Protective: Classic Choice Term Reprice 8/26
08-27-2024
Effective August 26, 2024 Protective has lowered the Protective® Classic Choice term prices once again. Protective believes products should be easy to understand and easier to recommend, which is why they continue to improve the term product to maximize its value.
- The lower prices put Protective in the top 3 73%¹ of the time in monthly and in annual premium scenarios. (Please note, iGo defaults to annual premium quotes. Be sure to change to monthly premium quotes to see Classic Choice term's most competitive rates.)
- 35- and 40-year term periods make Protective one of only three carriers in the market to have level term coverage for up to 40 years.
- You can quickly and easily submit your next Protective Classic Choice term application through Vive!
Transition Rules:
- For paper business: applications must be signed and received on or before September 9, 2024.
- For electronic ticket business and direct writers: applications must be signed and received on or before September 23, 2024.
- Any application in Underwriting on August 26, 2024, may choose the version of the product (old or new) but will retain the rates they are initially quoted unless otherwise requested up until the case has been approved.
- New York does NOT have a rate change, however the plan codes are changing, so they will follow the above rules
Please give us a call at 800.792.6795 if you have any questions.