We’re updating interest rates on select products
February 01, 2024
As part of our commitment to helping you better serve your clients, we’re informing you of the following updates to the interest rates on Protective Indexed ChoiceSM UL and in-force universal life policies.
Protective Indexed Choice UL interest rate changes
Effective March 15, 2024
5.77%
3.61%
7.21%
5.27%
3.25%
9.0%
5.79%
3.61%
7.21%
5.29%
3.50%
9.0%
Protective Indexed Choice UL interest rate changes:
- Applies to new business and in-force, new and existing loans.
- New rate goes into effect as of the next anniversary on or after 03/15/2024.
In-force policy interest crediting rate changes
Effective March 15, 2024
Protective® ProValue UL
Protective Advantage ChoiceSM UL (pre 2/16)
Protective® Select Flex II UL (with RIC)
Protective SurvivorSM UL
Protective Indexed ChoiceSM UL
Protective Indexed ChoiceSM UL NY
Protective Advantage ChoiceSM UL (post 2/16)*
Protective Custom ChoiceSM UL Lifetime
Protective® Lifetime Assurance UL
Protective® Lifetime Platinum II
Protective® Lifetime Platinum III
Protective® Select Flex II (FL)
Protective® Select Flex II (no RIC)
Protective® Select Flex II (TX)
3.00%
3.00%
3.00%
2.50%
3.25%
3.50%
3.50%
3.50%
4.25%
3.75%
4.00%
3.25%
3.25%
3.25%
2.75%
3.50%
3.75%
3.75%
3.75%
4.50%
4.00%
4.25%
Interest rate changes will be reflected:
- On new business illustrations beginning February 1, 2024.
- On in-force illustrations beginning February 5, 2024.
- In annual statements produced on or after March 15, 2024.**
If you have any questions regarding these interest rate changes, please reach out to your Protective representative.
We’re here for you
** Protective Advantage Choice UL policies issued between 12/2019 and 2/2023 will have rate changes effective April 15th, 2024.
WEB.5389463.01.24