The Internal Revenue Service (IRS) recently announced upcoming changes to the per diem limitations for periodic payments received under qualified long-term care insurance policies and certain life insurance policies which offer accelerated death benefits for chronic illness care.

Don’t forget! The new Suitability and Best Interests in Life Insurance and Annuity Transactions regulation, formerly known as “New York Insurance Regulation 187,” goes into effect for life insurance February 1, 2020.

We will be reducing our cap rate and illustrated rate on Protective Indexed Choice^SM UL. Learn more about what to expect and when the changes will take effect.

We’ll be replacing and removing several products within our portfolio before the end of 2019 to reflect the 2017 Commissioner’s Standard Ordinary (CSO) Table and Principle-Based Reserving (PBR) requirements. We’re providing you this information now to help you plan for a smooth transition for you and your clients before January 1, 2020.

At Protective Life, we combine quality products with a competitive underwriting philosophy. We know that underwriting is pivotal to your success with clients, which is why our experienced team of underwriters works hard to assign the best risk class to your cases. Building on our recent announcement of the Quick Quote Underwriting Team, we have added another available resource for our BGA partners to make Protective’s underwriting process more efficient and expeditious.

On August 12, 2019, we repriced Protective^® Classic Choice Term to be even more competitive with an average 1% premium decrease. Now, you can offer Protective’s dependable term coverage — with the speed and efficiency of PLUS — at an even lower price.

Life Insurance Awareness Month (LIAM) is quickly approaching! By incorporating life insurance into your conversations this September, you can easily build your book of business with new clientele and conduct policy reviews with existing clients.

We’re excited to announce Protective^® Classic Choice Term will be repriced on August 12, 2019. Now, you can offer Protective’s dependable term coverage — with the speed and efficiency of PLUS — at an even lower price.

At Protective Life, we believe that doing the right thing is the foundation of everything we do. Therefore, we want to remind you that Lord Abbett is liquidating two of their funds and make sure you are aware of the transition rules for older variable universal life products.

We recently changed our shipping partner for life insurance policies from UPS to FedEx. You can expect to receive policies within the same two-day timeframe you are accustomed to.