Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
ThinkAdvisor

Life Health > Life Insurance

Protective Life Rolls Out UL Policy

X
Your article was successfully shared with the contacts you provided.

NU Online News Service, July 9, 2003, 3:57 p.m. EDT – Protective Life Insurance Company, a unit of Protective Life Corp., Birmingham, Ala., has introduced the Survivor Select Universal Life Insurance policy.

The policy, which is aimed at the estate-planning market, covers two lives and pays off when the second insured dies.

Policy features include a policy-split option, which allows customers to split one policy into two individual policies, and an estate-tax repeal endorsement, which will waive the policy surrender charges if Congress permanently repeals the federal estate tax.

The policy’s lapse-protection feature can continue coverage until the younger insured reaches age 120.


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.