We are excited to introduce the new Conversion Choice rider with ExtendCare for Protective® Classic Choice term. This innovative solution provides clients with longer conversion timelines for a broader range of permanent solutions from Protective. Plus, clients can access chronic illness protection upon conversion — no additional underwriting or medical exams required. All while providing the affordable short-term coverage you've come to expect from Protective.
Clients can add this rider to new term policies and take advantage of enhanced benefits including:
- Added protection upon conversion for chronic illness expenses with ExtendCare
- Longer conversion periods for more Protective permanent products
- No additional medical exams or underwriting
Transition rules
- The Conversion Choice rider with ExtendCare is available for distribution on July 3, 2024.
- Applications in 'Pending' or 'Issued' status on June 24, 2024, or after will have the option to add the Conversion Choice rider via an amendment.
- Applications in 'Pending' status on June 24, 2024, or after will have the option to add the Conversion Choice rider via the Rider worksheet and an amendment. Once an application is approved with a formal underwriting offer, the rider may no longer be added.
- The rider worksheet from Protective will need to be submitted to add the rider.
- The Conversion Choice rider with ExtendCare is not available in California or New York.
See how you can offer more value with Protective Classic Choice term
Contact your Protective representative to discover how this Protective Classic Choice term enhancement makes an even better solution to support your clients and business. Download our Frequently Asked Questions guide for an easy way to help clients learn more about this solution.