Protective Executive

Protective%%®%% Executive UL carves out a valuable incentive for key employees

Our executive universal life insurance solution is designed with valuable features for employers and their leadership talent, so you can grow your business in the executive benefits market.

Why recommend Protective Executive UL?

Your business clients can enjoy these benefits from our group term carve-out solution:

Easy to administer

Employee information is managed with a census, and premiums can be paid through one electronic fund transfer

Cost-effective

Coverage is carved out for executives so it’s more cost-effective than a traditional group plan

Stronger incentive

Employees can pay extra premiums to build cash value and their coverage is portable

Offer valuable features to employers and executive employees

We designed Protective Executive UL universal life insurance with these features.

An illustration representing the benefits of Protective Executive UL to employers

For employers:

Executives qualify with just 2 questions
Premium payment flexibility
Premium schedule guaranteed for 5 years

An illustration representing the benefits of Protective Executive UL to employees

For executive employees:

Portable coverage if they retire or leave
Option to build cash value
More meaningful benefit tailored to them

Consider companies that:

Are looking to incentivize executive-level employees with life insurance benefits
Want a way to attract and retain top talent
Need a product that’s easy to administer
Are interested in a portable solution that employees can keep after they retire or leave the company

A financial professional meets with a business client about Protective Executive UL

Key product specs:

Issue ages: 18-85
Minimum face amount: $100,000 (minimum case size of 15 lives)
Maximum face amount, 15-49 group lives: $50,000 x number of lives
Maximum face amount, 50+ group lives: $60,000 x number of lives

Download full details

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Added protection for chronic illness expenses

By adding the ExtendCare^SM rider to Protective Executive UL, employees can advance their policy’s death benefit to help offset the costs of a chronic illness. Our ExtendCare producer guide for gives you key details about this optional benefit.

Download ExtendCare guide

Explore ExtendCare

A woman using her smartphone in a hospital bed, smiling because she's protected with the ExtendCare rider.

Sample cases for Protective Executive UL

Use these four examples to uncover scenarios for creating a group term carve-out solution that benefits an organization and its key employees.

Two professional discussing how to use Protective Executive UL to carve out a life insurance benefit for leaders of a firm.

Carve out a better coverage model

Policy owner: Employee (Employer pays 100% of premium)

Beneficiary: Personal to employee

Case: An engineering firm offers group term life but wants a more comprehensive benefit for leaders. Protective Executive UL carves out a plan for 52 high-earners with a benefit of 2x their salary up to $1 million, decreasing group insurance cost for staff.

A financial professional discussing with a law firm representative how to use Protective Executive UL to create more coverage for partners.

Create more death benefit coverage

Policy owner: Employee (Employer pays 100% of premium)

Beneficiary: Personal to employee

Case: A law office has group term coverage that doesn’t deliver enough protection to its 91 insured partners. Protective Executive UL creates a more meaningful benefit by increasing coverage to $4 million for each partner.

Replace a competitor plan

Policy owner: Employee (Employer pays 100% of premium)

Beneficiary: Personal to employee

Case: A hospital has a VUL program that’s difficult to manage and portability restrictions are a liability. Protective Executive UL replaces the plan for 134 executives and physicians – resulting in 15% lower premiums, better provisions and portability resolution.

Investment professionals discussing how to protect their firm's key employees with Protective Executive UL.

Solve for corporate needs

Policy owner: Employer (Employer pays 100% of premium)

Beneficiary: Employer

Case: An investment firm is funding the existing stock redemption plan for 40 key employees. Protective Executive UL offers individual policies to protect the firm and insure a specific formula (up to $1.5 million).

3 easy steps to submit Executive UL business

While these are individual policies, we take care of the billing, application submission and premium processing as a group. Together, we’ll follow these steps to streamline the sales process and make your job easier.

You submit the request to us

Complete the required application and Census Template.

We review the request

We’ll review what you provided and reach out if we need to chat further.

We deliver an offer

If approved, an offer will be provided with a case summary, maximum face amounts and any stipulations. It’s valid for 60 days and can be reconsidered.

Helpful resources on Protective Executive UL

We want to help you decide if this universal life insurance solution is the right fit for your business clients. Use these resources to learn more about the product and support your sales conversations.