Updates to interest crediting rates on in-force policies
May 22, 2023
Protective Life continues to pursue initiatives that improve the risk and profitability profile of our business. As a result, interest crediting rates will be adjusted on in-force policies effective June 1.
As part of our long-term strategy, Protective Life continues to pursue initiatives to improve the risk and profitability profile of our business. As a result, interest crediting rates will be adjusted on in-force policies effective June 1, 2023.
Product name
- ProClassic Legacy
- ProClassic Legacy UL 2017 (available for conversions only)
- Advantage Choice UL 01/2013 and 06/2013
- Century Plus
- CEO CVT
- Custom Choice UL Lifetime
- Kemper CVT
- New Kemper CVT
- Legacy Protector III NY
- Power TUL
- Zurich Lifetime UL
Current crediting rate
3.00%
2.50%
4.00%
2.75%
4.00%
3.00%
3.00%
New crediting rate for (starting June 1)
3.25%
3.00%
4.25%
3.50%
4.25%
4.25%
3.50%
The changes will be reflected on new business and in-force illustrations beginning June 5, 2023, and on annual statements produced on or after July 1, 2023.
If you have any questions, please contact your Protective Life representative.
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CLA.2509268.02.23