New Premium Limits for Certain Life Insurance Products
Protective Life is committed to serving our customers and providing valuable products. Due to the current interest rate environment, and particularly the decrease in yields over the past few weeks, we find it necessary to implement new premium limits for certain products.
Effective March 30, 2020, in all states including New York, the following annual premium limits will be implemented:
|Product||New Annual Premium Limit|
|Protective Advantage ChoiceSM UL||$500,000|
|Protective Indexed ChoiceSM UL||$1,000,000|
|Protective Custom ChoiceSM UL||$1,000,000|
|ProClassic IISM UL||$1,000,000|