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Company Adds VUL Tracking Service

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The main life insurance arm of Protective Life Corp. has added a variable universal life insurance performance evaluation tool.

Protective, Birmingham, Ala., has introduced the Defined Objectives service, a program that gives VUL policyholders and their life insurance agents annual performance updates.

The updates will give policyholders reports showing how policy investments are doing; comparisons of actual policy performance with initial expectations; and recommendations about changes in funding levels, benefit amounts or objectives that could help keep the policy on track, the company says.