We’re updating rates on select products
January 27, 2025
As part of our commitment to helping you better serve your clients, we're informing you of the following updates to rates on Protective Indexed ChoiceSM UL and in-force universal life policies.
Protective Indexed Choice UL rate changes (all states)
The following rate changes are available with Protective Indexed Choice UL illustrations as of February 3, and will be effective on the following dates:
- The maximum illustrated rate has decreased from 5.79% to 5.55% and will be effective on March 15, 2025.
- The loan charge rate has decreased from 5.29% to 5.05% effective March 15, 2025, for new loans and effective on the next policy anniversary on or after March 15, 2025, for existing loans.
- The cap rate has decreased from 9.00% to 8.50% and is in effect as of the next segment start date on or after March 15, 2025.
- There are no changes to the fixed account interest rate which will remain at 3.50%.
In-force UL policy interest crediting rate changes
The interest crediting rate for select acquired Chase and MONY/MLOA universal life policies is changing, and will be reflected:
- On new business illustrations beginning February 3, 2025.
- On in-force illustrations beginning February 3, 2025.
- In annual statements produced on or after March 15, 2025.
Chase Product name
Century Plus
Power TUL
Zurich Lifetime UL
Current Rate
4.25%
4.25%
3.50%
New Rate
4.50%
4.50%
3.75%
MONY / MLOA Product name
Anderson University
Associated Wholesale Grocers
Custom Benefit Plus I
Custom Benefit Plus I – Child Cert
Custom Benefit Plus I – Spouse Cert
Custom Benefit Plus III
Custom Benefit Plus III – Child Cert
Custom Benefit Plus III – Spouse Cert
Custom Benefit Plus I – Child Cert
Custom Benefit Plus I – Spouse Cert
Custom Benefit Plus III
Custom Benefit Plus III – Child Cert
Custom Benefit Plus III – Spouse Cert
Group Term Carve Out
GRP UL Vantage - Kentucky Medical Services Foundation
CVAT LLP UL 1980 CSO
CVAT UL 1980 CSO
CVAT UL NJ 1980 CSO
CVAT UL 1980 CSO
CVAT UL NJ 1980 CSO
GLP LLP UL 1980 CSO
GLP UL 1980 CSO
GLP UL MT 1980 CSO
GLP NJ 1980 CSO
GLP UL 1980 CSO
GLP UL MT 1980 CSO
GLP NJ 1980 CSO
ISL NQ 1980 CSO
ISL NQ MT 1980 CSO
ISL NQ NJ 1980 CSO
ISL QUALIFIED 1980 CSO
ISL QUALIFIED NJ 1980 CSO
ISL NQ MT 1980 CSO
ISL NQ NJ 1980 CSO
ISL QUALIFIED 1980 CSO
ISL QUALIFIED NJ 1980 CSO
Benefit Plus I
Benefit Plus I – Child Cert
Benefit Plus I – Spouse Cert
Benefit Plus II
Benefit Plus III
Benefit Plus III – Child Cert
Benefit Plus III – Spouse Cert
Benefit Plus IV
Benefit Plus I – Child Cert
Benefit Plus I – Spouse Cert
Benefit Plus II
Benefit Plus III
Benefit Plus III – Child Cert
Benefit Plus III – Spouse Cert
Benefit Plus IV
Payroll Deduction Universal Life
Payroll Deduction Universal Life – Child Cert
Payroll Deduction Universal Life – Child Cert
United Auto Workers
Universal Life
Universal Life SCP
University of North Carolina Charlotte
Current Rate
4.00%
4.00%
4.00%
4.00%
4.00%
4.00%
4.00%
4.00%
4.00%
4.00%
4.00%
4.00%
4.00%
4.00%
New Rate
4.25%
4.25%
4.25%
4.50%
4.25%
4.25%
4.25%
4.25%
4.25%
4.25%
4.25%
4.25%
4.25%
4.25%
If you have any questions, please contact your Protective Life representative.
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We’re ready to help you deliver the protection and security your clients deserve. Reach out to us anytime for questions and support, and we’ll get in touch with you as soon as possible.
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