Protective Series Estate Maximizer℠ death benefit increase
October 21, 2022
Great news! We’re pleased to announce that we've increased the death benefit for Protective Series Estate Maximizer℠ single payment whole life insurance product, effective October 24, 2022.
Below you’ll find information on the new death benefit rate factors along with transition rules and information on how to replace your Estate Maximizer marketing materials.
Protective Estate Maximizer death benefit factor table (effective October 24, 2022)
Applications signed on 10/21/2022, or prior:
- Cash cases — Applications signed 10/21/2022 or prior will receive current death benefit if funds and application are received within 10 business days from the application sign date.
- Underwriting cases — Applications signed 10/21/2022 or prior will receive current death benefit if funds and application are received within 10 business days of underwriter approval.
- Transfer/Exchange cases/Reg 60 — Applications signed 10/21/2022 or prior will receive current death benefit if funds and application are received within 60 calendar days of the sign date.
Applications signed on 10/24/2022 and after will receive new death benefit.
All related marketing materials will be updated on our website to reflect the increased death benefit factors on October 24, 2022. To replace the Estate Maximizer materials you have on hand, please contact your Protective Life wholesaler, or call 800-866-6410, option 4.
We’re committed to providing you with best-in-class sales support. If you have any questions, please contact your National Account Manager.
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Protective Series Estate Maximizer (ICC18-SPWL7), is a single premium whole life insurance policy issued by Protective Life Insurance Company (PLICO) in all states except New York where it is issued under (SPWL-7 NY 5-18) by Protective Life and Annuity Insurance Company (PLAIC). PLICO is located in Nashville, TN. PLAIC is located in Birmingham, AL. Policy form numbers, product features and availability may vary by state. Consult the policy for benefits, riders, limitations and exclusions. Up to two-year contestable and suicide period. Benefits adjusted for misstatements of age or sex. All payments and guarantees are subject to the claims paying ability of the issuing company.