Hello. This is Liran Hirschkorn, from ChooseTerm.com. Today, I want to talk
to you about Protective Life Insurance. Oftentimes, I get calls from people
asking me about Protective. They may have seen their website online and
gotten a quote, and they want to know if this is a good insurance company
to work with.
First, let me tell you a little bit about Protective. They were started in
1907, so they have been around more than 100 years, and they are a highly-
rated company. What does that mean? There are independent companies out
there that look at the financial strength of insurance carriers, of
insurance companies. For example, AM Best is an independent company that
reviews the financial strength of insurance companies, and they give
Protective Life an A+ rating, which is considered superior. That is the
second highest rating; A++ is the highest. A+ is the second highest, and
then it goes down from there to A, A-, and below.
Any company that has better than A-, we consider a very high-quality
company and we feel very comfortable with them. Standard and Poor’s also
rates the financial strength of Protective, and they give them an AA-,
which is considered very good. Again, that is the fourth-highest out of
about 21 ratings that S&P has. Again, we feel very comfortable with that.
Protective Life has over $400 billion of life insurance policies in force.
They are traded on the New York Stock Exchange and they are a very good
Whether or not you should apply with Protective is a different question.
Protective certainly has very competitive rates, in term of term insurance
and their permanent insurance price. The question really is; how is their
quote for you, specifically? At Choose Term we work with over 30 companies,
30 insurance carriers. Protective is one of them and we do recommend them
very often when they have the best price and they are the best fit for our
customers. It really depends on your specific situation to know if
Protective is the best company for you. For example, do you have any health
conditions? What is your age? How much you are looking to apply for? Based
on that information, we can work with you and we can look at 30 different
companies, and if Protective has the best price, then we would certainly
recommend them. If they do not have the best price, then we work with other
companies that might be better for you. Certainly, if you have been quoted
Protective and they are the best rate for you, then I would say go ahead
and apply with them. If you are looking at only Protective, or only a
couple of companies, that is a different situation. I would want to compare
more companies for you to see if you can save money and get a better rate.
At ChooseTerm.com., we can do that for you. You can also visit our website, ChooseTerm.com.
You can fill out a quote request form there and we will call you and give
you a quote. You can also visit our carrier’s page and look at some of the
other companies that we work with to see the type of companies that we
might recommend. Again, we work with over 30 different companies and we can
help you find the best rate. We look forward to speaking with you. Thank