Offer a flexible guarantee with no-cost Return of Premium endorsements

Learn how our Return of Premium endorsements give clients access to all or part of their premiums when they need it.

Early access to premiums

Our 2 options give clients the ability for early access to all or part of their premiums, as long as they are willing to fully surrender their policy.

No added cost

Protective^® Lifetime Assurance UL and Protective Advantage Choice^SM UL policies offer early access at no additional cost.

Explore key differences in our built-in endorsements

Both Protective Lifetime Assurance UL and Protective Advantage Choice UL have $0 cost of endorsement and are payable during the grace period. But here are some key differences and features.

Protective Lifetime Assurance UL

Issue ages:
All

Available on tobacco classes¹:
No

Ability for reinstatement:
No

Interval(s) for return of paid premiums:
On or after the 10th policy anniversary (25% returned)

Request timeframe specs:
Any time on or after the 10th policy anniversary

Protective Advantage Choice UL

Issue ages:
18-70

Available on tobacco classes¹:
No

Ability for reinstatement:
No

Interval(s) for return of paid premiums²:
On or after the 20th policy anniversary (50% returned) or on or after the 25th policy anniversary (100% returned)

Request timeframe specs:
Initial 60-day window (day 1-60) of the applicable policy year

Unexpected events make the case for added flexibility

Sometimes the unexpected happens and your clients need access to extra cash. With a Return of Premium endorsement, their guaranteed income protection doesn't have to begin and end with their death benefit. See below for some examples.

Unexpected medical event

Even with Medicare, not every medical issue or event is covered. When there's an emergency, extra cash to cover expenses can help mitigate the crisis.

A client reading about market fluctuations on her laptop considers how her Return of Premium may help hedge against volatility.

Volatile market conditions

The market is unpredictable. Clients living off the interest of their investments may face restricted cashflow when conditions fluctuate and need a way to help hedge against volatility.

A couple meets with a contractor to discuss home repairs, but know they can use their Return of Premium to offset costs.

Spike in housing costs

A broken furnace, an electrical problem or other home improvement issue can eat into a client's fixed income. Having additional cashflow can help weather the storm.