Life Health > Life Insurance

Protective Life Adds VUL Policy

Your article was successfully shared with the contacts you provided.

NU Online News Service, June 26, 2:11 p.m. – Protective Life Insurance Company, Birmingham, Ala., has introduced the Protective Preserver single-premium variable universal life insurance policy.

Consumers can use the policy to invest large sums of cash without worrying about federal estate taxes. Purchasers can invest policy assets in a variety of fixed and variable investment sub-accounts.

Optional features include a lapse-protection rider, which protects the policy against poor sub-account performance, and a long-term care accelerated death benefit rider.

Policyholders can use the LTC rider to produce the cash needed to pay nursing home or community care expenses, Protective says.

More on this topic