Protective Classic Choice Term Reprice 2/1/2024
02-01-2024
Protective is excited to announce they have lowered the Protective® Classic Choice term prices, effective February 1, 2024.
- These lower prices put Protective in the top 3 72%1 of the time in monthly premium scenarios and 73% of the time 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 submit a drop ticket for this product through Vive!
Transition Rules:
- For paper business: applications must be signed and received on or before February 15, 2024.
- Paper applications are not permitted for Protective Classic Choice term in New York.
- For electronic ticket business and direct writers: applications must be signed and received on or before February 29, 2024.
- Any application in Underwriting on February 1, 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.
- This reprice includes Protective Classic Choice term products sold in New York.
Please give our life sales team a call at 800.792.6795 if you have any questions.