Why offer Protective Executive 10-Year Term?

• Affordable, level premiums: Paid for by the employer, the cost remains constant over the duration of the policy.
• Individual and portable: The plan does not terminate at retirement.
• Guaranteed-issue type underwriting: By answering two key questions, your executives automatically quality for insurance.
• Streamlined benefit administration: The benefit can be managed with an employee census, updated as needed, and paid with one payment.
• Renewal options: All executives still employed at the end of the level period will have the opportunity to apply for a new 10-year level policy at their attained age. They must answer the two underwriting questions again, and upon approval will be issued a new policy and begin a new 10-year level period.

A solution for unique business scenarios

Protective Executive 10-Year Term joins Protective Executive Universal Life as part of a suite of business market solutions to meet the specific needs of your business owner clients, including these scenarios:

• Carve-out plan: Reward highly compensated employees with an additional benefit, going beyond what may be available through an organization's traditional group term life insurance benefit plan.
• Create more coverage: Add death benefit coverage for each executive level employee.
• Replace a competitor plan: Achieve a lower cost and better plan provisions by replacing existing coverage.
• Buy-out or key person: The individual policy nature of Protective Executive 10-Year Term allows for the employer to be both the policy owner and the beneficiary.

We enable your success

Protective Executive 10-Year Term is more than an insurance solution from a trusted source — it's a way to help businesses reward their most valuable employees while expanding your own business market. Contact your Protective representative to get started.

Learn more about Protective Executive 10-Year Term