The per diem limit for chronic death benefit riders will decrease to $390/day beginning in 2022.

On September 8, we updated our product portfolio for the 7702 and 7702A (Tax Law) changes that were included in the Consolidated Appropriations Act, 2021 (CAA 2021). At the time, the state of California had not yet approved the new product versions. View the summary of the products that will be approved in California on December 13.

With the reprice of our Protective Classic Choice, we’re committed to maintaining a competitive term solution by offering lower prices, longer term options, more flexibility and faster technology — so you can give your clients the coverage they need at the price they want.

Like many carriers, we will be updating our product portfolio in 2021 for the 7702 and 7702A (Tax Law) changes that were included in the Consolidated Appropriations Act, 2021 (CAA 2021). As one of our valuable partners, you are receiving this information now to help you plan for a smooth transition for you and your clients.

We’ve repriced Protective Classic Choice Term to have new lower rates in multiple cells, putting it in the top three or better 95% of the time in monthly pay scenarios and in the top three 89% of the time in annual pay scenarios. These rates are more competitive than ever, and they go into effect starting today.

Exchanging a near-lapsing policy with Protective^® Strategic Objectives II VUL offers a stable, yet flexible solution for clients who need access to cash.

Offering the best term price to your clients is key. Now, you can offer a lower price AND additional features with our newly repriced Protective Classic Choice term in New York.

In today’s world, planning for the unexpected has never been more important. Make sure you’re recommending an IUL policy that can be paired with chronic illness coverage to help your clients prepare more confidently for what’s ahead.

Starting January 11, 2021, Protective^® Classic Choice term will have even lower rates while providing several enhancements available to even more clients.

The per diem limit for chronic death benefit riders will increase to $400/day beginning in 2020.