In 1997 the company acquired West Coast Life; in 2006 the company acquired Chase Insurance Group; and in 2013 the company acquired MONY Life Insurance Company for $1.06 billion. Compensation, along with hours of in-depth editorial research, determines where & how companies appear below. Flooding is the number one natural disaster in the United States. I’ve been trying to surrender a life insurance policy since the middle of July 2019. Protective Life Insurance Company Review U.S. News 360 Reviews takes an unbiased approach to our recommendations. Because the payee was 70 they confused that person by stating incorrect laws. Protective Life is owned by Dai-ichi Life Holdings, Inc which is in the top three of insurer revenue-wise in Japan. Protective Life Insurance offers a comprehensive portfolio of insurance products to meet the needs of the consumer. Progressive is the worst when it comes to their old customers. Additionally, the company provides quotes online and instant access to agents through chat. Although Protective Life is not Better Business Bureau (BBB)accredited, it does have an A+ rating. It pains me to give Protective Life Insurance one star as they truly don't deserve that much credit. Protective Life Insurance. Trouble is that those same employees jealously guard their "fiefdoms" and do not like change of any sort. ... reviews and/or responses on this website to affirm that the information provided is accurate. Power 2019 U.S. Life Insurance Study. Founded in 2007 and based in Alabama, Protective Life Insurance Corporation is one of the 20 largest life insurance carriers in the United States. Many independent life insurance evaluating sources have published their assessments of … These commissions are how we maintain our free service for consumers. Expert review. This group works as a cabal to bilk insureds out of millions. As of April 2019, Protective Life’s financial strength has been rated AA- (on a scale from D to AAA) by Standard & Poors, A1 (on a scale from C to Aaa) by Moody’s, A+ (on a scale from D to AAA) by Fitch and A+ (on a scale from D to A++) by A.M. Best. Protective gets better marks than most for customer experience. First Protective Insurance Company Review. Get my point? We sometimes offer premium or additional placements on our website and in our marketing materials to our advertising partners. In addition to life insurance, Protective Life offers an array of retirement annuities, including immediate, fixed, variable, indexed and registered index-linked varieties. There are a few negative reviews out there, but they are minimal overall. All of their products are priced competitively and have the financial backing from a financially stable insurance company. An insurance rating is an opinion of the rating agency of the insurance company's financial capacity to meet the obligations of its insurance policies in accordance with their terms. "You need to have WXYZ completed". No problem, I send them X. The BBB records a total of 37 complaints against the company in the past three years, 12 of which were closed in the past 12 months. Protective Life was rated “about average” for overall customer satisfaction in the J.D. Worst experience I've ever had with a "business". Protective Life Insurance Products. Partners may influence their position on our website, including the order in which they appear on the page. If you’re looking for the type of insurance products offered by this company, you can feel confident in its financial future. I also sent a message from their website homepage and still no reply. Took me 4 months to finish application. The underwriting process took 4 months - partially because there was an error in my medical records that they denied me for, I had corrected with my physician, and subsequently started over. Backed by… The company was founded in 2003 and offers flood insurance in 5 states in the USA. However, there is little room for advancement and some employees complain about how hard they are expected to work. Moreover, Dai-ichi life Holdings was founded in 1902 making it one of the oldest mutual insurance companies in Japan. This policy is 25 years old and no paper work available. Protective and Protective Life refers to Protective Life Insurance Company (PLICO) located in Nashville, TN and its affiliates, including Protective Life & Annuity Insurance Company (PLAIC) located in Birmingham, AL. The analyses and opinions on our site are our own and our editors and staff writers are instructed to maintain editorial integrity. We know we can only be successful if we take your trust in us seriously! WILL ONLY RESPOND BY MAIL. The company grew quickly and just fifty years later, in 1957, Protective Life had $1 billion of insurance coverage in force. This video talks a little about A.M. Best ratings. Glassdoor has 96 Protective Insurance reviews submitted anonymously by Protective Insurance employees. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion® directly. All financial products, shopping products and services are presented without warranty. Protective Life Insurance Company employee reviews on Glassdoor rate the company with a 3.2-out-of-5-star rating and strongly approve the company’s CEO with a 93 percent approval rating. Partners may influence their position on our website, including the order in which they appear on a Top 10 list. This company is a data record that AM Best utilizes to represent the AM Best Consolidated financials for the Property/Casualty business of 000784 Protective Insurance Company. Over three years, Protective Life has had fewer complaints to state regulators than expected for a company of its size, according to NerdWallet’s analysis of data from the National Association of Insurance Commissioners. Ultimately the choice is yours. Protective Life was rated “about average” for overall customer satisfaction in the J.D. Under the permanent life insurance umbrella, Protective offers whole, universal, variable universal, and indexed universal life insurance coverage. Please help us keep our site clean and safe by following our, Prevent identity theft, protect your credit, The difference between term and whole life insurance, How medical conditions affect your life insurance rate. Online quotes are available for policies up to $10 million. The scoring formula takes into account complaint data from the National Association of Insurance Commissioners and financial strength ratings from A.M. Best. Company grew quickly and just fifty years later, in 1957, Protective the. 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