Protective vs State Farm 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
    1922
  • CURRENT CEO
    Michael L. Tipsord
  • AVAILABLE
    48 States
  • ADDRESS
    East P.O. Box 588002 North Metro, GA 30029
  • TOP AWARDS

    N/A

  • PROS
    • Great Term Life Insurance
    • Top rated customer service
  • CONS
    • Term lengths
    • Higher premiums than other companies
SOURCEProtectiveState Farm
JD Power7745/5
BBBA+A-
AM BestA+A++
Moody'sA1Aa1
FitchA+N/A
Standard & PoorAA-AA
Comdex Score9298
SOURCEProtectiveState Farm
Total Assets$75 Billion USD (2016)$160.732 billion
Life Insurance in Force$767.3 Billion$901.7 billion
ProtectiveState Farm
Term Life InsuranceSelect Term 10, 20, 30
Whole Life InsuranceReturn of Premium 20, 30
Universal Life InsuranceMortgage Life 15, 30
Variable Universal Life InsuranceWhole Life
Indexed Universal Life InsuranceLimited Pay 10, 15, 20
Survivorship Universal Life InsuranceSingle Premium Life
Life Insurance for ChildrenUniversal Life
Survivorship Universal Life
Joint Universal Life
ProtectiveState Farm
Protective Custom Choice UL Select Term 10, 20, 30
Protective Advantage Choice ULReturn of Premium 20, 30
Protective Classic Choice TermMortgage Life 15, 30
Protective One Year Term Whole Life
ProClassic II Limited Pay 10, 15, 20
ProClassic LegacySingle Premium Life
Protective Classic Choice TermUniversal Life
Investors Choice VUL Survivorship Universal Life
Strategic Objective VULJoint Universal Life
Survivorship Term
Survior UL
Protective Whole Life
ProtectiveState Farm
Accidental death benefit riderN/A
Accelerated death benefit rider
Waiver of premium rider
Disability income rider
Guaranteed insurability rider
Term insurance 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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