Care. The company affords more flexibility than most, offering nearly every type of life insurance policy and policy feature available. Protective® is a registered trademark of Protective Life Insurance Company. Protective's life insurance policy options mirror their larger standing in the life insurance marketplace. 3 Provided estate is not the beneficiary of the contract. Our business shouldn’t be. Protective Life is now the primary subsidiary of Protective Life Corporation, with other subsidiaries including Protective Life and Annuity Insurance Company, West Coast Life Insurance Comp… The addition of this seasoned, stable block of business diversifies Protective's product mix, while providing strategic opportunities in the bank distribution channel and competitive positioning in new markets — the bank-owned and corporate-owned life insurance — with an opportunity to serve over 300,000 new customers. Protective would continue this pattern of growth until it expanded into all 50 states in the following few decades. We offer a wide array of innovative life insurance solutions. Richard J. Bielen elected President and Chief Executive Office of Protective Life. © Protective Life Corporation, Birmingham, AL. The work we do has an impact on millions of lives, and you can be a part of it. The flagship subsidiary, Protective Life Insurance Company, was founded in 1907. Effective June 1, 2019 Great-West Life & Annuity Insurance Company (GWL&A) completed the sale through reinsurance of substantially all of its individual life insurance an annuity business to Protective Life Insurance Company and Protective Life & Annuity Insurance Company (for policies in New York), subsidiaries of Protective Life Corporation (Protective). Protective Life has over $427 billion of coverage in force. Protective Life Insurance’s three main life insurance subsidiaries, Protective Life Insurance Company, Protective Life and Annuity Insurance Company and West Coast Life Insurance Company, all hold A+ (superior) ratings from A. M. Best, AA- (very strong) ratings from Standard and Poor’s and A (strong) ratings from Fitch. A strong company begins with strong leaders. Company to increase focus on the retirement market in the U.S. Winnipeg, January 24, 2019 . Do what’s right, always. “Equitable” is the brand name of Equitable Financial Life Insurance Company of America (EFLOA). As of December 31, 2015 the Company had assets of approximately $68.5 billion. Securities offered by Investment Distributors, Inc. (IDI) the principal underwriter for registered products issued by PLICO and PLAIC, its affiliates. This is our purpose. The combined United Investors Life and Liberty Life acquisitions increase policies in force by 50 percent. Say what you mean, do what you say and stand behind what you do. Industry: Life insurance company Description. Insurance and annuities are issued by PLICO in all states except New York and in New York by PLAIC. Products are available through vehicle dealers and financial institutions. Protective Life was founded in 1907 in Birmingham, Alabama. Streamline, clarify and simplify everything we do. As of December 31, 2020, Protective had assets of approximately $127 billion. Protective Life pays its first death claim. Protective Life Corporation becomes wholly owned subsidiary of The Dai-ichi Life Insurance Company, Ltd. 2016 Protective acquires United States Warranty Corporation, a … Protective Life and Annuity Insurance Company, Protective Property and Casualty Insurance Company, Great-West Life & Annuity Insurance Company. The addition of this stable block of business provides a solid stream of earnings along with the unique opportunity to expand Protective's distribution network, significantly grow retail business and serve over 500,000 new customers. For a complete listing of Protective Life Corporation and its subsidiaries’ FSRs, Long-Term ICRs and Long-Term IRs, please visit Protective Life Corporation. The Insurer Financial Strength (IFS) ratings of PL's primary life insurance subsidiaries have been downgraded to 'A' from 'A+'. Protective Life's CEO is Rich Bielen, and the company is based out of Birmingham, Alabama. Legal address, headquarters, subsidaries and parent company records. Protective Life Corporation is a financial service holding company in Birmingham, Alabama. Protective Life Corporation is a wholly owned subsidiary of Dai-ichi Life Holdings, Inc. (TSE:8750). Use common sense. The oldest and primary operating subsidiary, Protective Life Insurance Company, offers competitive, customizable insurance solutions to customers nationwide. Protective® refers to products and services provided by Great-West Life & Annuity Insurance Company; Great-West Life & Annuity Insurance Company of New York, … The sale was previously announced on January 24, 2019. MONY life insurance policies and annuity contracts will be converted to a new administrative system. Protective Life Corporation (Protective), a wholly owned U.S. subsidiary of Dai-ichi Life Holdings, Inc. (TSE:8750, Dai-ichi), announced that it has reached an agreement under which its subsidiaries, Protective Life Insurance Company (Protective Life), and Protective Life & Annuity Insurance Company, will acquire via reinsurance substantially all of Great-West Life & Annuity Insurance Companys (GWL&A) individual … This life insurer is a good choice if you want a policy through a financially stable insurance company. As of December 31, 2019, the corporation had more than 3,000 employees, annual revenues of $6 billion and assets of $121 billion. Tear down the walls of complexity, relentlessly. Protective Life Corporation is a wholly owned subsidiary of Dai-ichi Life Holdings, Inc. (TSE:8750). Today, Protective is able to provide products in all 50 states. We are Protective. Insurance and Annuities are:  Not a Deposit | Not Insured by any Federal Government Agency | Have no Bank or Credit Union Guarantee | Not FDIC/NCUA Insured | May Lose Value. Customer contract features and benefits remain the same. Life is complex. The company’s primary subsidiary, Protective Life Insurance Company, was established in 1907 and now markets its products and services in all 50 states. Business entity registration information for Protective Life Insurance Company. This will change lives. Understand what people need. Protective Life celebrates its 100th Anniversary with insurance in force surpassing $252 billion. More acquisitions occurred in 19… Protective has provided protection to families for more than 110 years through life insurance, asset protection and retirement products. Our family of companies shares our vision and core values, and all work hard to ensure the financial success of our customers, share owners, distribution partners and employees. Our mission is in our name. Securities offered by Investment Distributors, Inc. (IDI) the principal underwriter for registered products issued by PLICO and PLAIC, its affiliates. Each company is solely responsible for the financial obligations accruing under the products it issues. Learning Center articles may describe services and financial products not offered by Protective Life or its subsidiaries. Earnings are taxable as ordinary income when distributed and may be subject to a … Protective Life Corporation (And Subsidiaries) Wed 30 Oct, 2019 - 8:41 AM ET Fitch Ratings views Protective Life Corporation (PL) as a Very Important operating company of Japan-based Dai-ichi Life Holding, Inc. PL’s ratings benefit from the greater resources and stronger credit profile of Dai-ichi Life and, as such, receive a one-notch uplift in the rating. Protective Life acquires Protective Life and Annuity Insurance Company, representing its 50th overall acquisition. In 2018, Protective Life and Protective Life and Annuity Insurance Company (for policies issued in New York) became the administrator for substantially all Liberty Life individual life and annuity policies. Who Owns Protective Life Insurance Company. What Life Insurance Product is Right for Me? With potential for tax-deferred growth and a guaranteed income stream, annuities can be important to your retirement objectives. In 2019, Great-West Life & Annuity Insurance Company and Great-West Life & Annuity Insurance Company of New York completed the sale of certain individual life insurance and annuity business to Protective Life Insurance Company and Protective Life & Annuity Insurance Company (for policies issued in New York). When you visit Protective's websites, we may collect personal information from you via your browser or device, or through the use of cookies, analytics tools, and other technologies. Protective Insurance is the marketing name used to refer to Protective Insurance Company and its subsidiaries and affiliates that provide insurance and related services, including Sagamore Insurance Company and Protective Specialty Insurance Company. Product availability and features may vary by state. You protect your car, your home and even your life with insurance, but are you leaving your retirement income unprotected? Product guarantees are backed by the financial strength and claims-paying ability of the issuing company. Protective Life pays its first death claim. West Coast Life is acquired, solidifying Protective’s national presence. The company grew on its own until 1927, when it acquired another insurance company, Alabama National. Protective’s growth and success can be largely attributed to an ongoing commitment to serving people and doing the right thing — for our employees, distributors, and most importantly, our customers. The oldest and primary operating subsidiary, Protective Life Insurance Company, offers competitive, customizable insurance solutions to customers nationwide. Protective Life is owned by Dai-ichi Life Holdings, Inc which is in the top three of insurer revenue-wise in Japan. Protective Life celebrates 50 years with insurance in force approaching $1 billion. . Protective Insurance is the marketing name used to refer to Protective Insurance Company and its subsidiaries and affiliates that provide insurance and related services, including Sagamore Insurance Company and Protective Specialty Insurance Company. Live with integrity and honesty. Insurance and Annuities are:  Not a Deposit | Not Insured by any Federal Government Agency | Have no Bank or Credit Union Guarantee | Not FDIC/NCUA Insured | May Lose Value. This will be our legacy. Protective Life Corp. is a holding company with subsidiaries that provide financial services through the production, distribution, and administration of insurance and investment products. Founded in 1907, Protective Life Insurance company’s long and stable history began in Alabama under the supervision of William Dorsey Jelks, the former governor of the state. Serve by leading people to the right solutions. The company’s home office is located in Birmingham, Alabama, and its 3,000+ employees are located in offices across the United States. Protective’s home office is located in Birmingham, Alabama, and its 3,400+ employees work across the United States. 2 Protective and Protective Life refer to Protective Life Insurance Company and its subsidiaries including Protective Life and Annuity Insurance Company. Acquired in 2013, MONY Life Insurance Company is a subsidiary of Protective Life Insurance Company and a nationwide provider of insurance solutions. Protective Life celebrates its silver anniversary with more than $65 million of insurance in force. IDI is located in Birmingham, Alabama. Please visit our Privacy Policy for more information about our information practices, including information about your privacy choices. MONY Life Insurance Company ("MONY") is a wholly owned subsidiary of Protective Life Insurance Company. Protective Life Corporation is a financial service holding company in Birmingham, Alabama. IDI is a wholly owned subsidiary of Protective Life Insurance Company. Protective acquires MONY Life Insurance Company. Moreover, Dai-ichi life Holdings was founded in 1902 making it one of the oldest mutual insurance companies in Japan. Protective went public in 1993 under new leadership, under the ticker PL on the NYSE. BIRMINGHAM, Alabama (July 3, 2006) – Protective Life Corporation (NYSE: PL) (“Protective”) announced today that its principal subsidiary, Protective Life Insurance Company (“Protective Life”), has completed the acquisition of the stock of five life insurance companies that manufacture and distribute traditional life insurance and annuities (the “Chase Insurance Group”) and the stock of four related non-insurance … Find out if an annuity may be right for you. Always treat others as you would like to be treated. Protective achieves record consolidated statutory capital level in a historically challenging financial environment. GWFS Equities, Inc. is a wholly owned subsidiary of Great-West Life & Annuity Insurance Company. In addition, Fitch has affirmed PL's Long-Term Issuer Default Rating (IDR) at 'A-', senior debt ratings at 'BBB+' and subordinated debt ratings at 'BBB-'. Protective has three core sites in Birmingham, Cincinnati and St. Louis, along with a robust virtual workforce. Protective® is a registered trademark of Protective Life Insurance Company. Annuities from Protective may help you grow — and protect — your retirement income. IDI is a wholly owned subsidiary of Protective Life Insurance Company. Visit. Protective Life and Annuity Insurance Company provides life insurance and annuity products to customers in New York. Variable annuities and variable life insurance products are long-term investments and may not be suitable for all investors. 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