Last Updated: 04/18/2025
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Highlights
Community Rating
Strongly recommended
Term Life Death Benefit Range
$100,000 - $50,000,000
Term Options
- Term Life
- Level Term
Financial Strength Rating
A+(Verified 04/18/2025)
Number of Reviews
Protective Life Insurance Review
Protective Life Insurance Pros & Cons
| Pros | Cons |
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Protective is a life insurance carrier based in Birmingham, AL. The company was founded in 1907 and offers life insurance products in 50 states (and Washington, DC).
Protective Life Insurance FAQ
What types of life insurance products does Protective offer?
Life insurance companies typically offer a wide variety of life insurance options. One of the best ways to save money on life insurance products is to avoid unnecessary coverage. Only purchase life insurance policies and riders you actually need.
Here is a brief description of life insurance options Protective offers.
- Term Life Insurance - This is the simplest type of life insurance policy. Term life insurance policies are payable if the insured person dies within a specific period of time, such as 5, 10, or 30 years. Protective Life Insurance offers term lengths ranging from 10 to 30 years. Death benefit amounts range from $100,000 to $50,000,000.
- Level Term Life Insurance - These are term life insurance policies that have the same fixed premium and payment amount through the duration of the life insurance policy.
- Whole Life Insurance - Whole life insurance policies remain in force for the policyholder's entire life, provided premiums are paid. They have a tax deferred cash value, meaning the cash value will not be taxed until funds are withdrawn.
- Universal Life Insurance - This type of universal life insurance policy guarantees a fixed death benefit and an investment account. The cash value of the investment account will vary depending on the portfolio's performance.
- Variable Universal Life Insurance - These types of universal life insurance policies provides the most flexibility when it comes to investing the cash value of a universal life policy in separate accounts with "variable" values.
- Indexed Universal Life Insurance - These types of universal life insurance policies allows policyholders to place the cash value of the life insurance policy in a fixed account or an equity index account, such as the S&P 500 or the Nasdaq 100.
What is SuperMoney's financial rating of Protective?
The financial strength rating of life insurance companies scores its ability to pay contracts and life insurance policies. SuperMoney gives Protective an A+, which is the highest available rating we give to life insurance companies.
SuperMoney's financial strength rating is primarily based on the average score from independent insurance rating agencies.
SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.
Other Services by Protective
SuperMoney Net Recommendation Score
SuperMoney users strongly recommend this product, giving it a user recommendation score of +100, or 5 on a 5-point rating scale.
+100
-1000+100
No one recommends
Everyone recommends
Protective Life Insurance Community Reviews
Would you recommend Protective Life Insurance to your friends?
MC
Mazhar C.
Nov 25, 2022
May or may not recommend
After getting enrolled with Protective Life Insurance, I have had no worries throughout my life. The universal life insurance feature is a great way of saving up whole life and also getting the cash value after the death. Additionally, they offer another benefit i.e Survivorship Life Insurance which adds extra protection to your life. Ultimately, the experience with this insurance company is satisfying, and would recommend it to other people ...Show More
RD
Reigni D.
Apr 27, 2022
May or may not recommend
Offers long term contracts at a low cost, they have a wide range of policies. Being able to get $1 million in life insurance without a medical exams certainly makes this company stand out from the rest.
KF
Komal F.
Mar 28, 2022
May or may not recommend
After getting enrolled with Protective Life Insurance, I have had no worries throughout my life. The universal life insurance feature is a great way of saving up whole life and also getting the cash value after the death. Additionally, they offer another benefit i.e Survivorship Life Insurance which adds extra protection to your life. Ultimately, the experience with this insurance company is satisfying, and would recommend it to other people ...Show More
Robert W.
Mar 17, 2022
May or may not recommend
Protective Life Insurance has excellent customer service, and a wide variety of policy options to choose from. Term life insurance can stretch up to 40 years and has reasonably affordable prices while permanent insurance offers diverse financial options to ensure a comfortable retirement. I was especially impressed by both their support of child education for their clients and the options they make available for family businesses.
AA
Ashma A.
Mar 8, 2022
May or may not recommend
Protective provides life insurance, asset protection, and retirement products to customers. To generate and protect retirement income, the organization offers term, whole, and universal life insurance products, as well as annuities. Protective Life makes bold claims about its cost-effectiveness. There are policies with coverage up to $50 million, term policies with 40-year durations, and a variety of universal life insurance to pick from. Protective Life is a direct-to-consumer insurance company. ...Show More
JR
Jay R.
Jul 20, 2021
May or may not recommend
I have a life insurance policy through Protective and have been very happy with the process and service so far. The over-the-phone interview was relatively painless, and payment was very easy. Yearly premium auto EFT withdrawals take the headache out of worrying if I remembered to pay. The third party I purchased this plan through highly recommended Protective and I can see why!
AG
Allyson G.
Mar 5, 2021
May or may not recommend
We have used Protective Life Insurance and were impressed with the ease of set up. When we had to get physicals in advance of our policy being approved, the nurse came to our home and efficiently completed them for both me and my spouse.
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