Review for Protective Life Insurance

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Need to learn more about Protective Life Insurance Company?

We will give you a straightforward review so you can learn more about this company.

Read on to see how well Protective Life Insurance Company rates for our review.

Company Overview

Protective Life Insurance Company is the primary subsidiary of Protective Life Corporation.  The company was founded in 1907 and has its head office located in Birmingham, Alabama.

Protective Life Insurance sells its life insurance products in all 50 states and in Canada. The company has offices located in Alabama, California, Illinois, Kansas, and Missouri. As of Dec 31, 2011, the company had approximately 2300 employees.

Also, as of Dec 31, 2011 this life insurance company had annual revenues of 2.6 billion dollars and assets amounting to 52.9 billion dollars.

Protective Life Insurance is listed on the New York Stock Exchange (NYSE). It is also listed in the 2012 Fortune 1000 List and in Forbes Global 2000 List.

We at TermLifeInsuranceMales.com are not the only insurance agencies reviewing Protective.  For example Chris Lalor offers this helpful Protective Life Insurance Review on his company reviews site.

Life Insurance Products Sold by Protective Life Insurance Company

Life insurance products sold by this company consist of:

•    Term Insurance and Term Alternative
•    Universal Life insurance
•    Survivorship Life Insurance
•    Whole Life Insurance
•    Single Premium Variable Life Insurance
•    Variable Universal Life Insurance

Financial Strength of Protective Life Insurance

As of January 14, 2013 the following ratings were recorded for this company by the rating companies.  These ratings reflect the financial strength of the life insurance company and its rankings in relation to all other life insurance companies.

The reason why this is important is simply due to the fact that when you buy life insurance, you want to buy from a company which is financially sound. A company that is ranked high and financially sound reflects how well it does not only on its investments but also on the company’s ability to pay its claims.

This is important to someone buying life insurance because a life insurance policy is almost always a long term investment.

How financially strong is Protective Life Insurance Company and how well does it rate?
Here are the results.

Rating Company    A.M. Best      Fitch      Standard and Poor’s       Moody’s

Rating                            A+                   A                          AA-                           A2

Overall Rank                2nd                  4th                         6th                           6th

As you can see, Protective Life Insurance Company has a very strong overall financially rating and ranking which makes this a very sound and solid company..…(continue to part 2)…