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Protecting Life and Annuity Insurance coverage


I began Insurance coverage Weblog by Chris™ as a result of I’ve a ardour for insurance coverage. Right here on the weblog, our job is to coach and inform individuals about the most effective insurance coverage for them.
Since then, now we have grown into nationwide manufacturers with a big crew of researchers serving to individuals perceive all types of insurance coverage.

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Rachael Brennan has been working within the insurance coverage business since 2006 when she started working as a licensed insurance coverage consultant for twenty first Century Insurance coverage, throughout which period she earned her Property and Casualty license in all 50 states.
After a number of years she expanded her insurance coverage experience, incomes her license in Well being and AD&D insurance coverage as properly. She has labored for small well being insu…

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Rachael Brennan


Licensed Insurance coverage Agent


UPDATED: Feb 15, 2022

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This is the Scoop

  • Protecting Life provides time period life insurance coverage, complete life insurance coverage, variable common life insurance coverage, listed common life insurance coverage, and a wide range of annuities.
  • You should buy as much as $50 million of life insurance coverage protection with Protecting Life.
  • Protecting Life has an NAIC code of 0.33, which signifies that it will get fewer than anticipated buyer complaints.

In case you are in search of a good life insurance coverage firm to assist defend your monetary safety, Protecting Life could also be an choice. The corporate offers a wide range of time period life insurance coverage and everlasting life insurance coverage choices, and annuities.

Please learn beneath to be taught extra about Protecting Life insurance coverage merchandise, how a lot they price, tips on how to get quotes, and extra, together with Protecting Life and Annuity Insurance coverage Firm evaluations.

You may also enter your ZIP code into our free quote comparability software above to search out firms much like Protecting Life.

What’s Protecting Life?

Protecting Life is an insurance coverage and monetary product firm based in Alabama in 1907.

Who owns Protecting Life? It grew to become a subsidiary of The Dai-ichi Life Insurance coverage Firm in 2015. Protecting Life is the mum or dad firm of Protecting Life and Annuity Insurance coverage Firm, West Coast Life Insurance coverage Firm, MONY Life Insurance coverage Firm, and Protecting Property and Casualty Insurance coverage Firm.

Protecting Life sells its merchandise by way of its web site and over the telephone. As well as, impartial brokers promote Protecting Life merchandise, and Costco members could get Protecting Life insurance coverage at a reduced price.

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What merchandise does Protecting Life supply?

You should buy time period life insurance coverage, complete life insurance coverage, and common life insurance coverage from Protecting Life.

Protecting Basic Alternative Time period life insurance coverage is a typical time period life insurance coverage coverage. You should buy it in phrases between 10 and 40 years, with protection quantities starting from $100,000 to $50 million. Some insurance policies could also be convertible to a everlasting coverage with out requiring a medical examination. As well as, you may add a terminal sickness rider to permit for accelerated loss of life advantages.

Protecting Life’s complete life insurance coverage can be a typical complete life insurance coverage coverage. It’s a everlasting coverage with a assured loss of life profit so long as you pay your premiums (that keep the identical over the coverage’s life). As well as, you’ll have a money worth account that grows at a set rate of interest.

Common life insurance coverage is much like complete life insurance coverage, besides it has versatile premiums and funding choices to assist with the additional progress of your cash-value account. Protecting Life provides Protecting Customized Alternative UL, variable common life insurance coverage, and listed common life insurance coverage.

With variable common life insurance coverage, you may select funding choices that can decide the rate of interest in your money worth progress. Then again, an listed common life insurance coverage coverage grows primarily based on the rate of interest of a significant inventory index.

Protecting Life’s Customized Alternative UL combines the advantages of time period life insurance coverage with common life insurance coverage. You select a time period of 10, 20, or 30 years wherein your charges will keep the identical. As soon as the time period ends, your loss of life profit will start to lower till it reaches $10,000. At the moment, the charges will begin to improve. You may have the choice to transform to a conventional everlasting coverage or change your protection quantity at any time.

Along with life insurance coverage, Protecting Life additionally offers mounted annuities, rapid annuities, listed annuities, and variable annuities. An instantaneous annuity is bought with a single lump-sum cost, after which you may start receiving common funds. Nonetheless, mounted, listed, and variable annuities are thought-about deferred annuities that have to be funded over time.

A hard and fast annuity requires you to make funds over time (or make a lump-sum cost) to earn curiosity. The insurance coverage firm will then make common funds to you sooner or later. With an listed annuity, your account grows primarily based on the rate of interest of a significant inventory index. Nonetheless, with a variable annuity, your account grows primarily based on the rate of interest of investments you select.

How a lot is Protecting Life insurance coverage?

Sadly, we can’t present the charges for each Protecting Life product. Nonetheless, we are able to present you the charges for Protecting Basic Alternative Time period. First, listed here are the typical charges for a $1 million 20-year-term life insurance coverage coverage for non-smokers:

Common Month-to-month Protecting Life Insurance coverage Charges – $1 Million 20-Yr-Time period Coverage

Age Common Charges for Females Common Charges for Males
35 $56.70 $72.94
40 $80.07 $101.84
45 $124.83 $163.98
55 $288.72 $433.29
65 $888.04 $1,387.46

Subsequent, we’ll check out the typical charges for a $1 million 20-year-term life insurance coverage coverage for people who smoke:

Common Month-to-month Protecting Life Insurance coverage Charges for People who smoke – $1 Million 20-Yr-Time period Life Insurance coverage

Age Common Charges for Females Common Charges for Males
35 $208.68 $266.48
45 $453.48 $644.73
55 $982.18 $1,375.73

Protecting Life’s everlasting life insurance coverage insurance policies and annuities are prone to be greater than its time period life insurance coverage insurance policies. As well as, your charges will rely upon components equivalent to your well being, age, protection stage, location, and extra.

How do prospects really feel about Protecting Life?

It’s difficult to search out Protecting Life insurance coverage buyer evaluations on-line. Nonetheless, the Nationwide Affiliation of Insurance coverage Commissioners (NAIC) charges firms primarily based on prospects’ complaints. Protecting Life Insurance coverage Firm has an NAIC criticism index of 0.33, indicating that Protecting Life receives solely 33% of the shopper complaints anticipated for a corporation of its dimension.

The Protecting Life Insurance coverage BBB score is A+. Nonetheless, it has a 1.13/5 star score.

The Protecting Life Insurance coverage A.M. Finest score can be A+, which implies it has a superior means to satisfy its monetary obligations, equivalent to paying claims.

Enter your ZIP code beneath to view firms which have low cost insurance coverage charges.

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How can I get quotes or file claims?

You possibly can obtain Protecting Life time period life insurance coverage quotes on the corporate’s web site. Nonetheless, in case you are desirous about everlasting life insurance coverage or annuities, you will have to name the Protecting Life Insurance coverage Firm telephone quantity at (844) 733-5433. You would additionally discover an insurance coverage agent in your space that sells Protecting Life merchandise.

You possibly can file Protecting Life Insurance coverage Firm claims on-line or by calling (800) 424-1592. You have to to offer the deceased’s identify, coverage quantity or Social Safety quantity, date of delivery and loss of life, reason for loss of life, and nation of loss of life. Protecting Life will offer you a claims packet, which you will have to return with the required documentation.

Ought to I purchase Protecting Life Insurance coverage?

Is Protecting Life Insurance coverage legit? Sure, it’s a respected firm with a historical past of happy prospects. It additionally offers varied insurance coverage merchandise, together with insurance policies as much as $50 million in protection, which is far greater than many different life insurance coverage firms. As well as, Protecting Life provides time period life insurance coverage with 40-year phrases, which is greater than the typical time period size of 30 years.

With that being stated, Protecting Life doesn’t supply assured problem or ultimate expense insurance policies. Due to this fact, it’s possible you’ll have to move a medical examination to obtain a coverage. On prime of that, when you purchase a coverage and resolve to give up it sooner or later, you could possibly find yourself paying a big give up cost.

If you need to check insurance policies equivalent to these from Protecting Life, enter your ZIP code into our free quote comparability software beneath.

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