Protective was founded more than 110 years ago in Birmingham, Alabama. They offer term life insurance, whole life insurance, and multiple types of universal life insurance.

Those interested in term life insurance can choose from terms between 10 and 40 years, for coverage from $100,000 up to $50 million. This term life insurance can be converted to a permanent plan with no medical exam required. Some states also allow a terminal illness rider to be added to the policy.

The Custom Choice universal insurance policy is a unique plan that’s designed to be an alternative to term life insurance. It allows the covered individual to pay a set premium for coverage for a specified period between 10 and 30 years. After this period, the premium will remain at the same price, but the amount of coverage will decrease.

Other types of universal life insurance that Protective offers include universal life, variable universal life, and indexed universal life.