Protective Life Announces Simplified Issue Process for Premiere III Variable Universal Life Insurance Product
May 31 2011 - 1:45PM
Business Wire
Protective Life Insurance Company is proud to announce the
release of Premiere III Xpress, a simplified issue program
which allows eligible candidates to purchase a Premiere III
variable universal life (VUL) insurance policy without a full
medical exam. With this quick and easy underwriting process, a
decision will be made within just 72 hours after all requirements
are received.
Premiere III Xpress is designed to simplify the
purchasing process for both clients and agents, especially those
who may have avoided variable universal life insurance in the past
because of perceived complexity.
Premiere III Xpress may also be an ideal solution for
younger, affluent customers who are already contributing the
maximum amount to their qualified retirement plans and are
concerned about potentially rising income taxes in the future.
Available to standard underwriting risk individuals ages 30-55,
Premiere III Xpress is designed to thrive in a life
insurance retirement planning scenario. Premiere III Xpress
also offers an optional Disability Benefit Rider, and includes
Protective Life’s innovative Defined Objectives program, a no-cost
monitoring and review service that helps VUL customers stay on
track to meet long-term goals.
“Variable universal life insurance can be an extremely valuable
part of a financial strategy,” says John Deremo, Senior Vice
President and Chief Distribution Officer of Protective Life. “Not
only does VUL offer insurance protection and flexibility, but it
can also provide tax advantages and a source of supplemental
retirement income.”
“We’re always looking for ways to improve Protective’s customer
experience,” continued Deremo. “And we feel we’ve done that with
Premiere III Xpress.”
--------------------------------------------------Protective
Life Insurance CompanyStrength. Stability.
Integrity.
Protective Life Insurance Company helps to provide financial
security through insurance and investment products. For more than
one hundred years, our Company has remained true to its core values
of quality, serving people and growth. This unwavering commitment
to treating people the way we would like to be treated has been
rewarded with stable, long-term relationships and growth. Today,
Protective Life is one of the nation’s leading insurance companies,
drawing on a heritage of strength and a tradition of innovation,
while proving the wisdom of our Company’s vision: Doing the right
thing is smart
business.®--------------------------------------------------
This is only a summary of the Premiere III product as issued
through the Premiere III Xpress simplified issue program. Premiere
III (VUL-12) issued by Protective Life Insurance Company (PLICO).
Securities offered by Investment Distributors, Inc. (IDI). Both
located in Birmingham, AL. IDI is the principal underwriter for
registered insurance products issued by PLICO, its affiliate.
Consult the product prospectus for complete details. Product
features and availability may vary by state.
Variable universal life insurance involves the risk of investing
in stocks, bonds and other securities, including market, interest
rate and credit risk and loss of principal. If the investment
performance of underlying investments is poorer than expected (or
if sufficient premiums are not paid), the policy may lapse or not
accumulate sufficient value to fund the intended application.
Investments in variable universal life insurance policies are
subject to fees and charges from both the insurance company and the
managers of underlying investments. Loans and withdrawals may
negatively impact policy value, investment performance, death
benefit, and any Lapse Protection.
Investors should carefully consider the investment
objectives, risks, charges, and expenses of a variable universal
life insurance policy and its underlying investment options before
investing. This and other information is contained in the
prospectuses for the variable universal life insurance policy and
its underlying investment options. Investors should read the
prospectuses carefully before investing. Prospectuses may be
obtained by contacting PLICO at (800) 628-6390.
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