Is Protective a Good Insurance Company?
Over 100 Carriers to Quote From. Here are a few of them!
Is Protective a good insurance company? At Diversified Insurance Brokers, we work with over 100 top-rated carriers to help retirees and pre-retirees secure guaranteed income, protect their assets, and make confident financial decisions. Protective Life Insurance Company, founded in 1907, has earned a strong reputation for financial stability, competitive pricing, and a wide variety of insurance and annuity products. Known for its customer-first approach and flexible solutions, Protective offers options designed to meet the needs of individuals at every stage of retirement planning.
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About Protective Life Insurance Company
Protective Life has been serving individuals and families for over 115 years, offering a broad range of insurance and annuity solutions backed by strong financial ratings. The company focuses on delivering affordable, easy-to-understand products without sacrificing quality or security. Protective is also known for its acquisition strategy, expanding its reach and capabilities while maintaining excellent customer service and competitive product designs.
Popular Protective Products
- Fixed Indexed Annuities (FIAs): Market-linked growth potential with downside protection.
- Multi-Year Guaranteed Annuities (MYGAs): Guaranteed interest rates for safe accumulation.
- Immediate Annuities: Guaranteed income starting right away for retirement security.
- Term and Universal Life Insurance: Affordable coverage options with flexible features.
Who Protective Is a Good Fit For
- Retirees looking for guaranteed income solutions
- Pre-retirees seeking safe accumulation strategies
- Individuals wanting affordable life insurance with flexible options
- Those who value a strong track record and financial stability
Pros of Protective
- 115+ years of proven financial stability
- Wide selection of insurance and annuity products
- Competitive MYGA and FIA rates
- Strong customer service reputation
Considerations
- Some products may have fewer customization options than niche carriers
- Availability varies by state
Our Take
At Diversified Insurance Brokers, we see Protective Life as a highly reputable and dependable carrier. Their combination of competitive pricing, diverse product lineup, and solid financial strength makes them an excellent choice for both insurance and annuity shoppers. Whether you’re seeking guaranteed lifetime income, principal protection, or affordable life insurance coverage, Protective offers solutions that can fit a variety of retirement strategies.
FAQs: Is Protective Life a Good Insurance Company?
What are Protective Life’s financial strength ratings?
Protective Life holds very strong financial strength ratings: A+ (“Superior”) from A.M. Best; AA- from Fitch; AA- from Standard & Poor’s; Moody’s A1. The outlook is stable.
How long has Protective Life been in business and what is its parent company?
Protective Life was founded in 1907. It is a subsidiary of Dai-ichi Life Holdings, Inc.
What types of insurance and annuity products does Protective Life offer?
They offer term life, whole life, multiple types of universal life insurance, annuities (fixed, indexed, etc.), and convertible options. Some policies include riders and features.
What are Protective Life’s strengths?
Strengths include strong balance sheet and capitalization, favorable ratings across agencies, relatively low complaint volume compared to company size, wide product range, long history, and support from a major parent company.
Are there any drawbacks or concerns about Protective Life?
Yes. Some state-specific variations in product availability, limited riders on some policies, and customer service/claims-related complaints appear in consumer reviews. Service delays and responsiveness are among the common consumer complaints.
Disclaimer: Company ratings, product features, complaints, and availability vary by state and over time. This is educational, not legal, tax, or insurance advice.
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About the Author:
Jason Stolz, CLTC, CRPC, is a senior insurance and retirement professional with more than two decades of real-world experience helping individuals, families, and business owners protect their income, assets, and long-term financial stability. As a long-time partner of the nationally licensed independent agency Diversified Insurance Brokers, Jason provides trusted guidance across multiple specialties—including fixed and indexed annuities, long-term care planning, personal and business disability insurance, life insurance solutions, and short-term health coverage. Diversified Insurance Brokers maintains active contracts with over 100 highly rated insurance carriers, ensuring clients have access to a broad and competitive marketplace.
His practical, education-first approach has earned recognition in publications such as VoyageATL, highlighting his commitment to financial clarity and client-focused planning. Drawing on deep product knowledge and years of hands-on field experience, Jason helps clients evaluate carriers, compare strategies, and build retirement and protection plans that are both secure and cost-efficient.
