Term Life Insurance

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Company/Policy Information

Call us at (800) 940-3002  

Protective Life & Annuity Insurance Company

Home Office:
2801 Highway 280 South
Birmingham, AL 35202

Administrative office:
343 Sansome Street, San Francisco, CA 94104
P.O. Box 193892, San Francisco, CA 94119-3892

Protective Life & Annuity Insurance Company is a subsidiary of the Protective Life Corporation, an organization that has provided its clientele with a diverse portfolio of insurance, asset protection, and investment products for almost 100 years. Founded by former Alabama Governor William Dorsey Jelks in 1907, Protective Life markets its insurance products under the banners of 4 companies: Protective Life Insurance Company, West Coast Life Insurance Company, Empire General Life Assurance Corporation, and Protective Life & Annuity Insurance Company. Over the last dozen years, the company has successfully invested approximately $700 million in acquiring blocks of policies from other companies and the building the expertise and know how in the life insurances arena.

Protective Life & Annuity Insurance Company is rated:

A+ Superior by A.M. Best Company, 2nd highest of 16 ratings for financial strength and operating performance to meet ongoing obligations to policyholders (as of 02/08/2005)
AA Very Strong by Standard & Poor's, 3rd highest of 21 ratings for financial security characteristics (as of 11/15/1993)
These ratings are opinions of the rating agencies and are not warranties of the company’s ability to perform its financial obligations.

Policy Description Empire

Guaranteed level premium for 10, 15, 20, 25, and 30 years. Empire Term Series policies are not renewable after the expiry date.

Conversion Feature

Conversion is available for all Empire Term Series policies and may take place any time after the policy's first anniversary up to the policy's expiry date. Riders and supplemental policies may be converted with the base policy provided that satisfactory evidence of insurability is obtained at the owner's expense.

Available Options

Spousal Discount
Not Available

Children's Insurance Option (Additional Cost)
Children's Insurance Benefits Rider provides term life insurance on the dependents (children) of the basic policy insured. Issue age is 15 days to 18 years. Protective NY will issue up to 5 units per household, each unit costing $6.00 per year regardless of the number of children covered. One unit provides each child with $1000 of term life insurance expiring on the day before the child's 25th birthday or the policy anniversary nearest the insured's 65th birthday, whichever is earlier.

Accelerated Death Benefit
Availability varies by state.

Waiver of Premium Option (Additional Cost)
The Waiver of Premium rider will waive your premiums in the event of "total disability". In the event of insured's total disability before age 60 and after a waiting period of 6 consecutive months, premiums will be waived retroactively from the beginning of the disability. Issue age is 18 to 55.

Accidental Death Benefit Option (Additional Cost)
Provides for payment of an additional death benefit amount if the insured dies as a result of bodily injury from an accident. Benefit is available for issue ages 18-60 and expires at age 70.