Banner vs Protective Life Insurance

  • YEAR FOUNDED
    1907
  • CURRENT CEO
    John D. Johns
  • AVAILABLE
    All 50 States
  • ADDRESS
    111 Congresional Blvd., Suite 500 Carmel, IN 46032
  • TOP AWARDS

    2010 Optimas Award from Workforce Management Magazine

  • PROS
    • Financially sound.
    • Competitive, comprehensive rates.
    • Flexible health guidelines.
  • CONS
    • Approval can take awhile.
    • Low tolerance for smoking.
  • YEAR FOUNDED
    1949
  • CURRENT CEO
    Bernard Leigh Hickman
  • AVAILABLE
    All 50 States
  • ADDRESS
    3275 Bennett Creek Avenue Frederick, MD 21704 United States
  • TOP AWARDS

    "Best Term Assurance Provider"" at the Investment Life & Pensions Moneyfacts Awards 2017

    Communitas Award for Commitment to Corporate Social Responsibility

  • PROS
    • Flexibility of payment options and term limits for each option on the policy
    • Fast-track claims
    • Electronic application
  • CONS
    • Medical exam required.
    • Strict eligibility for preferred rates.
    • Options are very limited in scope
SOURCEProtectiveBanner
JD Power774N/A
BBBA+A+
AM BestA+A+
Moody'sA1N/A
FitchA+AA-
Standard & PoorAA-AA-
Comdex Score9294
SOURCEProtectiveBanner
Total Assets$75 Billion USD (2016) $7.3 Billion
Life Insurance in Force$767.3 Billion$658 Billion
ProtectiveBanner
Term Life InsuranceAPPcelerate
Whole Life InsuranceOPTerm Life Insurance
Universal Life Insurance
Variable Universal Life Insurance
Indexed Universal Life Insurance
Survivorship Universal Life Insurance
Life Insurance for Children
ProtectiveBanner
Protective Custom Choice UL APPcelerate
Protective Advantage Choice ULOPTerm Life Insurance
Protective Classic Choice Term
Protective One Year Term
ProClassic II
ProClassic Legacy
Protective Classic Choice Term
Investors Choice VUL
Strategic Objective VUL
Survivorship Term
Survior UL
Protective Whole Life
ProtectiveBanner
Accidental death benefit riderDisability premium waiver
Accelerated death benefit riderConversion to permanent
Waiver of premium riderFlexible payment schedule
Disability income riderAccelerated benefit rider
Guaranteed insurability riderTerm laddering rider
Term insurance riderChild Protection Rider
Children’s term rider
Jonathan Holloway
October 13, 2019
John Holloway is a licensed life insurance agent and co-founder at NoExam.com
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