Protective Life Insurance Company and West Coast Life Insurance Company
announced the release of a new innovative universal life insurance rider
designed to encourage individuals to improve their health through key
lifestyle changes, with the goal of outliving their estimated life
expectancies.
The Return of Substandard Charges Option (ROSCO) Rider can
help enhance the many powerful benefits and features of our ProClassic
and LifeTime Advantage Plus universal life insurance policies for
clients issued with substandard underwriting ratings. All substandard
charges associated with ROSCO will be returned as a credit to the
policy value at a designated year based on issue age. Also, in that
designated year the substandard charges will be reduced to standard
charges. Additionally, the credit to the policy value can help meet
future financial needs through tax-deferred cash value accumulation and
access to policy values.
“Due to advances in medical technology and key lifestyle changes, people
are simply living longer,” says John Deremo, Senior Vice President and
Chief Distribution Officer. “In utilizing the ROSCO rider, we
feel the improvements to policy value and premium charges may encourage
individuals with substandard underwriting ratings to improve their
overall health picture,” Deremo adds.
The Return of Substandard Charges Option (ROSCO) Rider
offers an innovative solution to meeting the permanent insurance needs
of individuals with substandard underwriting ratings. Protective Life
and West Coast Life offer high-touch personalized service, including
direct access to underwriters who understand the needs of universal life
insurance customers.
About Protective Life and West Coast Life Insurance Companies
Protective Life and West Coast Life Insurance Companies operate on a
profound belief in the American dream: provide quality products with
excellent service and success will follow. This unwavering commitment to
treating people the way we would like to be treated has been rewarded
with stable, long-term relationships and growth.
Protective Life and West Coast Life Insurance Companies offer a broad
portfolio of life and specialty insurance and investment products. Our
employees nationwide are dedicated every day to proving the wisdom of
our collective vision: Doing the right thing is smart business.®
Protective ProClassic UL and West Coast LifeTime Advantage Plus, policy
forms UL-15 and WC-U15 state variations thereof, are flexible premium
universal life insurance policies issued by Protective Life Insurance
Company and West Coast Life Insurance Company. Located at 2801 Highway
280 South, Birmingham, AL 35223. Product features and availability may
vary by state. Subject to underwriting. Subject to up to a 2-year
contestable and suicide period. Benefits adjusted for misstatements of
age or sex. Consult policy for benefits, riders, limitations and
exclusions. All payments and all guarantees are subject to the claims
paying ability of Protective Life Insurance Company. The ROSCO rider
(Form 625) may not be suitable for all ages, face amounts, and/or
objectives.
Protective Life Insurance Company
Eric Miller, 205-268-3029
Vice
President and National Marketing Director
eric.miller@protective.com
or
Eva
Robertson, 205-268-3912
Vice President, Investor Relations
eva.robertson@protective.com
