Protective Life Insurance Company
) came up with a new range of universal life insurance products.
These can be customized according to consumer needs and thus
optimize one's benefits.
The three new products offered by Protective Life are
Protective Custom Choice Universal Life, Protective Advantage
Choice Universal Life and Protective Survivor Universal Life.
Protective Custom Choice Universal Life is the mother product
in the sense that it provides protection that can be tailored
according to a client's requirement. It provides affordable
multiple level benefit coverage durations to individuals in need
of lifetime insurance solutions but without strong cash
accumulation. Once the initial benefit period is exhausted,
customers under this policy can exchange or combine products
according to their preferences without additional medical
Protective Advantage Choice Universal Life on the other hand,
is meant for those customers who wish to strengthen their cash
position by improving cash value. The terms of this product are
flexible and designed for single-pay and 1035 exchange cases.
Both the first and second products amplify the customization
benefits of customers by allowing them the access to Protective
Life's industry leading riders.
The third product, Protective Survivor Universal Life,
provides coverage to the second insured individuals.
Life Insurance products have always been important in their
role of insuring a customer's financial needs. The only thing it
lacked was provision of flexibility to customers to change the
products with changing needs. With the introduction of the new
line of products, the company aims to provide its customers with
the access of swapping and customizing the financial products and
also come up with effective solutions to protect their
As a result, we expect the launch of the new line to entail
the company gain more customers and hence post better numbers in
future. The Zacks Consensus Estimate for full year 2013 is pegged
at $3.78, suggesting a 2.8% year over year increase.
Allied World Assurance Company Holdings, AG
) also launched an excess casualty coverage package called
Constellation last week. The package consists of five excess
casualty coverage products combined in one. The five coverage
enhancements offered by Constellation are Uni-Wrap, Affirmative
Punitive Damages, Defense-Assistance & Cooperation Provision,
Payment of Loss Provision and Business Continuity Protection.
Protective Life is expected to release its fourth-quarter and
full year 2012 earnings results in the first week of February.
The Zacks Consensus Estimate for the fourth quarter of 2012 is
pegged at 88 cents. Earnings for the full year 2012 are expected
at $3.68, up 0.8% year over year.
ALLIED WORLD AS (AWH): Free Stock Analysis
GENWORTH FINL (GNW): Free Stock Analysis
PROTECTIVE LIFE (PL): Free Stock Analysis
STANCORP FNL CP (SFG): Free Stock Analysis
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Protective Life currently carries a Zacks Rank #3 (Hold).
Genworth Financial Inc.
Stancorp Financial Group Inc.
) among others presently carry a favorable Zacks Rank #2 (Buy)
and are worth considering.