Review for Protective Life Insurance

How Does Protective Life Insurance Compare?

One of the best ways to see how well a life insurance company compares to other life insurance companies is by how much it charges for a policy. So, I did some checking and I obtained some quotes for a Term Life insurance policy and a Universal Life Insurance policy to see how much it would cost a 38 year old male who is a non-smoker and in good heath to buy a $250,000 Life insurance policy.

In both instances, Protective Life Insurance ranked 3rd in finding the most affordable quotes for these types of life insurance policies. Take a look at the following sample quotes.

$250,000 Term Life Insurance Quotes for Male Aged 38

Top 3 Companies                 20 Year Term
Monthly              Annual
SBLI                                   $15.44             $177.50
Banner                               $16.19             $185.00
Protective                          $17.03             $197.41

$250,000 Universal No Lapse Life Policy – Male Age 38

Top 3 Companies      

Prudential                                $1,188.00                   $101.25
North American                       $1,266.90                        N/A
Protective                                 $1,308.23                    $112.83

(Disclaimer – These quotes are effective as of Feb 8, 2013)

Advantage of Protective Life Insurance Company

This company is one of the very few companies that allow you to qualify for Preferred Plus if you have to take medications for Blood Pressure and Cholesterol.  The majority of other life insurance companies will penalize if have to take one or the other form of medication to control a medical condition and will penalize you by giving you a lower rating which means you will have to pay a higher premium.

Bottom Line

If you are thinking of buying a life insurance policy with this company, then you have a selected one of the top ranked life insurance companies in the country.

This company is very financially solid, established and is very competitive as far as premium costs are concerned. Protective Life Insurance Company offers several advantages when it comes to medical exam requirements which you won’t find with other life insurance companies.