We are talking about Protective Life Corporation or Protective Life that deals with insurance and financial services in all 50 states of the United States. It is working under parent organization Dai-ichi Life since 2015.
The company is Birmingham, Alabama based and offers products of life insurance, annuities and asset protection in the market with its subsidiaries.
Some of its subsidiaries are Protection Life Insurance Company, Mony Life Insurance Company, West Coast Life Insurance Company, Protective Life and Annuity Insurance Company, Lyndon Property Insurance Company, and ProEquities Inc.
At present, John D. Johns is serving as the CEO of the company with over 2,900 employees in it. In 2018, the company has to generate a revenue of $5.04 billion USD.
When it got started?
The company got established in 1907 by the contribution of the then Alabama governor William Dorsey Jelks. The company came into operation from day one paying its first claim two years later in 1909.
Later years saw its merge with Alabama National Insurance
Company in 1927. Further, it expanded in all 50 states of the United States followed by its listing on the New York Stock Exchange in 1993 under the ticker symbol PL. It also acquired West Coast Life in 1997, Chase Insurance Group in 2006 and MONY Life Insurance Company in 2013.
In 2015, the company was itself acquired by Dai-ichi Life Insurance Company, Limited carrying out the same operations and policies.
What they offer in products?
The company is in the market offering life insurance, annuities and asset protection with some investment plans. Under life insurance plans they have term life and permanent life insurance policies.
The term life is temporary insurance whereas permanent life insurance comes with plans like whole life insurance, universal life insurance, and variable life insurance. These all are backed by flexible premium options, lifetime guarantees, and attractive supplemental benefits.
Hence, these policies play a vital role in family income protection and estate planning. Their asset protection plans also lead to protection of consumers investment in automobiles, recreational vehicles and watercraft.
What makes them important?
Their hardship to offer us policy that can safeguard our family future at affordable rates, with innovative ideas and the highest standard of service makes them special. They have licensed representatives offering help and advice on each aspect of policy.
These representatives show the commitment to guide clients on the process of understanding and buying life insurance.
They lead us all through their available products; term life, whole life, universal life, survivorship life, variable universal life, single premium variable life, and retirement annuities.
Protective is sponsoring the World Games 2021 for a 55,000 seat football stadium on the ground of Birmingham-Jefferson Convention Complex as announced in April 2019.