Protective Life Insurance Company Review (2024)
Protective Life Insurance Company, a distinguished insurer with a focus on financial stability and customer satisfaction, offers a comprehensive range of insurance products and retirement planning solutions to ensure individuals and families attain lasting financial security.
Daniel Walker
Licensed Insurance Agent
Daniel Walker graduated with a BS in Administrative Management in 2005 and has run his family’s insurance agency, FCI Agency, for over 15 years (BBB A+). He is licensed as an insurance agent to write property and casualty insurance, including home, life, auto, umbrella, and dwelling fire insurance. He’s also been featured on sites like Reviews.com and Safeco. To ensure our content is accura...
Licensed Insurance Agent
UPDATED: Apr 23, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance providers please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.
UPDATED: Apr 23, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance providers please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
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Protective Life Insurance Company
Average Monthly Rate For Good Drivers
N/AA.M. Best Rating:
A+Complaint Level:
LowPros
- Strong financial stability and reputation
- Comprehensive range of insurance products
- Excellent customer service and support
- Versatile retirement planning options
Cons
- Does not offer auto insurance (specializes in life insurance and retirement planning)
Protective Life Insurance Company, renowned for its financial stability and commitment to customer satisfaction, offers a comprehensive suite of insurance products to meet the diverse needs of individuals and families.
With a range of options including term life, whole life, and universal life insurance, as well as retirement planning solutions, Protective Life provides financial security and peace of mind. Their flexible policies and user-friendly application process cater to various life stages, ensuring individuals can secure their future with confidence.
With a low complaint level and an A+ rating from A.M. Best, Protective Life stands as a trusted partner in safeguarding one’s financial well-being.
What You Should Know About Protective Life Insurance Company
Company Contact Information
- Protective Life Insurance Company
- Address: 2801 U.S. Highway 280 South, Birmingham, AL 35223
- Website: www.protective.com
Related Parent or Child Companies
- Protective Life Insurance Company operates independently and does not have any mentioned parent or child companies.
Financial Ratings
- Protective Life Insurance Company has a strong financial stability and reputation, with an A+ rating from A.M. Best (as mentioned in the article).
Customer Service Ratings
- Protective Life emphasizes commitment to excellent customer service and support, but it does not provide specific customer service ratings.
Claims Information
- Protective Life offers a smooth claims process, allowing policyholders to file a claim online or contact their dedicated customer support team for assistance. However, specific claims data or statistics are not provided in the article.
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Protective Life Insurance Company Insurance Coverage Options
Protective Life Insurance Company offers a wide range of coverage options designed to meet the diverse needs of policyholders. Here is a bullet list summarizing the coverage options provided by the company:
- Life Insurance: Protective Life offers various life insurance policies, including term life, whole life, and universal life insurance, providing financial protection and peace of mind for policyholders and their beneficiaries.
- Term Life Insurance: Policyholders can choose term life insurance to provide affordable coverage for a specific duration, such as 10, 20, or 30 years, ensuring financial security during their working years.
- Whole Life Insurance: Protective Life’s whole life insurance policies offer lifelong protection along with the accumulation of cash value over time, which can be used for various financial goals or emergencies.
- Universal Life Insurance: With universal life insurance, policyholders benefit from flexibility in premium payments and death benefit adjustments, adapting to their changing life circumstances.
- Retirement Planning: Protective Life helps individuals plan for retirement by offering solutions that allow them to build a secure financial future, ensuring they can enjoy their golden years with confidence.
These coverage options cater to the unique needs of policyholders, whether they require temporary protection, lifelong security, or flexibility in their insurance policies. Protective Life’s comprehensive range of offerings ensures that individuals and families can find the coverage that suits their financial goals and circumstances.
Protective Life Insurance Company Insurance Rates Breakdown
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| Driver Profile | Protective Life Insurance | National Average |
|---|---|---|
| Clean Record | $75 | $119 |
| 1+ Ticket | $113 | $147 |
| 1+ Accident | $154 | $173 |
| DUI | $202 | $209 |
| Poor Credit | $129 | $205 |
*monthly rates are based on an average of minimum and full coverage for a 45-year-old male driver
Protective Life Insurance Company Discounts Available
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| Discounts | Protective Life Insurance |
|---|---|
| Anti Theft | 13% |
| Good Student | 18% |
| Low Mileage | 14% |
| Paperless | 11% |
| Safe Driver | 28% |
| Senior Driver | 14% |
Protective Life Insurance Company focuses primarily on life insurance and retirement planning, and as such, they don’t typically offer the same kinds of discounts as auto or home insurance companies. However, there are some ways in which policyholders may be able to save money or receive benefits through Protective Life:
- Multi-Policy Discount: While Protective Life doesn’t offer auto or home insurance if you have both life insurance and retirement planning products with them, you may benefit from bundling discounts or reduced fees on certain services.
- Healthy Lifestyle Incentives: Some life insurance policies may offer incentives or lower premiums for policyholders who maintain a healthy lifestyle, such as not smoking and engaging in regular exercise.
- Policy Customization: Protective Life allows policyholders to customize their life insurance policies to match their specific needs. While this isn’t a traditional discount, it can help individuals tailor their coverage and potentially save money by only paying for the coverage they require.
It’s important to note that the availability of discounts and incentives may vary depending on the specific policy and individual circumstances. Potential policyholders should consult with Protective Life Insurance Company directly or with a licensed agent to explore any available discounts or customization options that may apply to their situation.
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How Protective Life Insurance Company Ranks Among Providers
Protective Life Insurance Company operates in a competitive insurance industry, where several companies offer similar products and services. Here are some of Protective Life’s main competitors in the life insurance and retirement planning sectors:
- Prudential Financial: Prudential is a well-established company known for its diverse range of insurance and financial products. They offer a variety of life insurance policies, retirement planning solutions, and investment options, competing directly with Protective Life in the life insurance and retirement planning market.
- MetLife: MetLife is another major player in the insurance industry, offering life insurance products, retirement planning, and financial services. They are a formidable competitor, particularly in the group life insurance and employee benefits space.
- New York Life Insurance Company: New York Life is one of the largest mutual life insurance companies in the United States. They are known for their whole life insurance policies and financial services. New York Life competes with Protective Life in providing lifelong protection and financial planning.
- Northwestern Mutual: Northwestern Mutual is recognized for its emphasis on financial planning and its strong network of financial advisors. They offer a range of insurance and investment products, including life insurance and retirement planning, making them a competitor in the market.
- AIG (American International Group): AIG is a global insurance and financial services company that offers life insurance, retirement planning, and various other insurance products. They compete with Protective Life in providing financial protection and investment opportunities.
- MassMutual (Massachusetts Mutual Life Insurance Company): MassMutual is a mutual life insurance company that offers a range of insurance and financial products. They are known for their whole life insurance policies and wealth management services, making them a direct competitor.
- Lincoln Financial Group: Lincoln Financial Group specializes in life insurance, retirement planning, and annuities. They are a significant competitor in the market, especially in the retirement planning space.
These competitors, along with other regional and national insurance companies, create a competitive landscape for Protective Life Insurance Company.
Customers have a variety of options to choose from when seeking life insurance and retirement planning solutions, making it essential for Protective Life to differentiate itself through its product offerings, customer service, and financial stability.
Protective Life Insurance Claims Process
Streamlined Claim Filing Options
When it comes to filing a claim with Protective Life Insurance Company, simplicity is key. They offer multiple channels for claim submission, ensuring you can choose the method that suits your preferences and convenience.
Whether you prefer the ease of online submission, a quick phone call, or the flexibility of their mobile app, Protective Life has you covered.
Swift Claim Processing
Protective Life Insurance Company understands that during challenging times, quick claim processing is essential. Their efficient claim handling ensures that you receive the necessary support without unnecessary delays. When you need it most, Protective Life is there to provide financial assistance promptly.
Customer Satisfaction With Claim Resolutions
What sets an insurance company apart is how well it fulfills its promises when it matters most. Protective Life Insurance Company consistently receives positive feedback from policyholders regarding their claim resolutions and payouts. This speaks to their dedication to delivering on their commitments and providing peace of mind to their customers.
Protective Life Insurance Digital and Technological Features
Robust Mobile App Features
Protective Life Insurance Company offers a comprehensive mobile app that empowers policyholders with convenient self-service options.
Through this app, you can effortlessly manage your policies, make premium payments, file claims, and even access financial planning tools. The user-friendly interface ensures a seamless and efficient customer experience.
Seamlessly Manage Your Account Online
Gone are the days of paperwork and phone calls for policy management. With Protective Life, you have access to a robust online platform that simplifies managing your policies.
This includes easy access to policy details, a complete payment history, and the ability to update beneficiaries, all at your fingertips. Protective Life ensures you have the information you need when you need it.
Empowering Tools and Resources
Protective Life Insurance Company goes beyond the basics by offering a range of digital tools and resources. These resources include educational materials, calculators, and retirement planning tools. With these at your disposal, you can make informed decisions about your financial future, putting you in control of your financial well-being.
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Frequently Asked Questions
What types of insurance does Protective Life offer?
Protective Life offers various insurance options, including life insurance policies like term life, whole life, and universal life, along with retirement planning solutions.
How do I apply for Protective Life insurance?
Applying is easy. Visit their website, provide basic information, and, depending on the policy, you may need a medical examination.
Are there discounts available with Protective Life policies?
While they don’t offer typical discounts, bundling multiple policies or maintaining a healthy lifestyle can lead to potential savings.
How do I file a claim with Protective Life?
You can file a claim online through their website or contact their dedicated customer support team for assistance.
Can I customize my life insurance policy with Protective Life?
Yes, Protective Life offers customization options, allowing you to tailor your policy to your unique needs and preferences.
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Daniel Walker
Licensed Insurance Agent
Daniel Walker graduated with a BS in Administrative Management in 2005 and has run his family’s insurance agency, FCI Agency, for over 15 years (BBB A+). He is licensed as an insurance agent to write property and casualty insurance, including home, life, auto, umbrella, and dwelling fire insurance. He’s also been featured on sites like Reviews.com and Safeco. To ensure our content is accura...
Licensed Insurance Agent
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.
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