Is Protective Life Insurance Company Legit?:Navigating the Insurance Landscape

Is Protective Life Insurance Company Legit? With a founding date of 1907, Protective Life Insurance Company boasts a storied legacy of exceptional customer service and has emerged as a prominent mutual life insurer in the United States.

The company has broadened its range of products, encompassing various life insurance options such as term life, whole life, and universal life insurance.

In addition to its diverse life insurance offerings, Protective Life also delivers a comprehensive array of retirement savings products, featuring annuities and IRAs.

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Is Protective Life Insurance Company Legit? Navigate the whole truth . PHOTO : Marcan Insurance.


Protective Life Insurance Company History

A significant milestone arrived in 1957 as the company marked its 50th anniversary, boasting an impressive portfolio of nearly $1 billion in active life insurance policies.

Over the subsequent five decades, Protective embarked on a series of acquisitions, with the most substantial being the addition of Chase Insurance Group in 2006.

By its centennial year in 2007, the company had amassed over $252 billion in insurance in force.

Since then, Protective Life has continued its expansion, absorbing several companies, including United Investors Life, Liberty Life, MONY Life, United States Warranty Corp., and more. It ultimately evolved into a wholly-owned subsidiary of Dai-ichi Life.

As of January 1, 2021, Protective boasted 12.4 million policies and contracts, representing an impressive $991 billion in life insurance in force.

Protective Life Insurance Company Props And Cons

Pros Cons
Competitive term life insurance rates Slow cash value accumulation in early years of permanent life policy
Choice of up to 8 permanent life insurance policies Consider examining guaranteed parts for faster cash value build
Low internal costs for cash value life insurance policies
Strong investment performance over the years

  Protective Life Contacts

Protective Life

PO Box 2606

Birmingham, AL 35202

Phone: 1-800-365-4272


Protective Life Careers

Protective Life welcomes individuals of all backgrounds and is committed to providing equal employment opportunities.

We actively seek out talented individuals to become part of our team, offering diverse career paths in departments such as sales, marketing, underwriting, and customer service.

For detailed information about potential career opportunities at Protective Life, please explore our careers website:

Protective Life  Company Products

Protective Life stands as a comprehensive provider, delivering a diverse array of life insurance and retirement solutions meticulously designed to cater to the unique needs of both individuals and businesses.

Their expansive product portfolio includes:

1. Term Life Insurance: Offering straightforward coverage for a specified term, providing financial protection during that period.

2. Whole Life Insurance:Providing lifelong coverage with a focus on accumulating cash value over time, along with the death benefit.

3. Universal Life Insurance: Offering flexibility in premium payments and death benefits, allowing policyholders to adjust coverage as their financial needs evolve.

4. Group Life Insurance: Tailored solutions for businesses to provide life insurance coverage for their employees, often as part of employee benefits packages.

5. Annuities: Products designed to provide a steady stream of income during retirement, either immediately or at a later date, offering financial security.

6. Retirement Plans: A comprehensive suite of retirement planning products, assisting individuals and businesses in creating and managing retirement savings.

Financial Strength And Ratings

Protective Life Insurance Company has maintained consistently impressive financial ratings from respected credit rating agencies.

The renowned insurance rating agency, A.M. Best, has awarded Protective Life an “A” (Excellent) rating.

This designation underscores the company’s robust financial stability and its capability to fulfill policyholder obligations reliably.

Customer reviews

As per assessments from external review platforms, a considerable number of Protective Life policyholders express satisfaction with the amiable nature of their customer service representatives.

Nonetheless, the company has encountered a notable volume of customer grievances, particularly concerning its online claim reporting system and phone payment procedures.

Feedback from clients has underscored various challenges with the insurance provider’s services, encompassing delayed response times and insufficient resolution of customer inquiries.

Online reviews emphasize a substantial deficiency in responsiveness when customers seek to communicate with the company for issue resolution.

Protective Life Insurance FAQ

How much does Protective Life Insurance cost?

Protective determines life insurance premiums by considering various factors.

These include the specific coverage type, coverage amount and duration, age, health history, lifestyle choices such as smoking or alcohol consumption, and your assessed risk rating.

A higher risk rating results in increased life insurance premiums, making it more expensive.

For instance, individuals who are older or have specific medical conditions may face higher premium rates.

Who owns Protective?

Dai-ichi Life Holdings, Inc, one of the largest insurers in Japan, is the owner of Protective Life Insurance.

Does Protective offer extra coverage?

Protective Life offers many riders that can be added to insurance policies, allowing policyholders to tailor coverage and add extra protection.


Protective Life Insurance, established in 1907, provides diverse life insurance and retirement options with a strong financial foundation.

While praised for competitive rates, it faces criticism for slow cash value growth and mixed customer service reviews. Owned by Dai-ichi Life Holdings, Inc., it remains a viable choice, but prospective clients should weigh the pros and cons based on individual preferences and needs.


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