It truly is hard to argue what company stands for as soon as their main purpose can be their brand. With Protective Life insurance Company, there are no guesses as to the they aim to carry out, and how, and it’s a name they have got lived up to for multiple hundred years running. This is our Protective Life Insurance Company review and is our own opinion.
Protective Life Insurance Company Review
Founded throughout 1907, Protective Life Insurance Company started it’s long and also stable history in Alabama beneath supervision of William Dorsey Jelks, the former governor on the state. The company grew alone until 1927, where it grew by means of acquisition of another insurer, Alabama National. It would continue the pattern of growth till it expanded into all 50 states from the following few decades.
Defensive went public in 1993 beneath new leadership, under the ticker PL on the NYSE. More purchases occurred in 1997 and also 2006, where both West Shore Life and Chase Insurance policy Group were now beneath Protective Umbrella. The latest what food was in 2013, where MONY Life insurance Company of America ended up being acquired and added beneath business lines of Defensive Life.
Where They Are Today
Today, it holds many of the most prestigious ratings, making it one of the best life insurance companies in the united states according to financial durability and stability. All a number of independent rating agencies, Fitch, Moody’s, Normal & Poor’s, and The. M. Best all gave Protective Life insurance Company an “A” or even better rating. Not many of the hundreds of insurance carriers across the usa can make this similar claim.
The full brand of products available through Protective include a fantastic variety of term life insurance to meet the very demanding needs of people, families and small businesses across America. Their Term Life Insurance products are many of the most competitively priced choices now available, and their Universal Life insurance gives the same reasonably priced marketability but with higher features, durability and flexibility in case you need it most.
Additional, lesser well known merchandise Protective offers are their own Variable Universal Life line, which accommodates those who would like to grow cash, while protecting their family, by having a portion of their premium being invested into your stock markets. A second is your Survivorship Life Insurance option the industry life insurance policy primarily based, not on one, however two separate lives. Its spreads raise the risk allowing a lower high quality; this product is useful for things like estate fees, charitable giving or monetary gift.
In the newest news, Dai-ichi Life will likely be acquiring Protective Life, although operations will continue while they already are. What this may mean for Protective can be greater resources, a greater having access to markets globally, not just from the U. S., and a great model for growth within a partnership with an by now successful worldwide corporation.
If you already own shares throughout Protective, or PL, they shall be getting $70/share.
With a backbone and history in term life insurance, as well as a progressive marketing strategy, Protective is growing easily in its effort to be one of the best insurers available. It has a strong presence of self-sufficient agents who offer the products, and a vast number of consumers who are prepared to purchase them.
|Company Name (and Subsidiaries)||Protective Life Corporation (Holding)
Protective Life Insurance Company
Protective Life and Annuity Insurance Company
West Coast Life Insurance Company
MONY Life Insurance Company
Lyndon Insurance Group, Inc. and Affiliates
|Company Ratings||A.M. Best (A+)
Moody’s Investors Services (A2)
Standard & Poor’s (AA-)
|Headquarters (Address, Phone, Web)||2801 U.S. 280
Birmingham, AL 35223
|Policy Types Available||Term