Term Life InsuranceTerm Life Insurance
Protective LifeProtective Life
The best long-term conversion rights and income-stream death benefit — ideal for those who plan ahead.
Protective Life
The best long-term conversion rights and income-stream death benefit — ideal for those who plan ahead.
About Protective Life
Protective Life Corporation, acquired by Japan's Dai-ichi Life Insurance in 2015, has protected American families since 1907 from Birmingham, Alabama. Rated A+ (Superior) by AM Best, Protective is known for some of the most affordable term premiums in the market, term lengths stretching to 40 years, and a unique Income Provider Option that lets beneficiaries receive the death benefit as a guaranteed income stream instead of a lump sum.
Classic Choice Term
The best long-term conversion rights and income-stream death benefit — ideal for those who plan ahead.
Product Details
Key Features
Broad Conversion in First 5 Years
During the first five policy years, clients can convert to any Protective Universal Life or Indexed Universal Life product — one of the broadest conversion menus available. After year 5, conversion continues to a curated set of products until age 70.
PLUS Smart Underwriting
Advanced data analytics match each applicant to the fastest approval path — potentially eliminating blood draws and medical records requests and reducing approval time by up to 14 days.
Income Provider Option — Unique to Protective
At no extra cost, policy owners can configure the death benefit to pay out as a guaranteed monthly or annual income stream for up to 30 years — rather than a single lump sum. Protects beneficiaries from managing a large windfall all at once.
Best For
Budget-focused buyers who plan to convert to permanent coverage as their income grows, and families who prefer structured income over a lump-sum death benefit.