The closing was effective June 1, 2019. As of December 31, 2019, the corporation had more than 3,000 employees, annual revenues of $6 billion and assets of $121 billion. Find out if an annuity may be right for you. Build relationships on trust. A strong company begins with strong leaders. 3 Provided estate is not the beneficiary of the contract. In addition to Protective Life Insurance Company, Protective Life Corporation's subsidiaries include West Coast Life Insurance C… Protective Life pays its first death claim. Protective Life Corp. is a holding company with subsidiaries that provide financial services through the production, distribution, and administration of insurance and investment products. The Company is a wholly owned subsidiary of Protective Life Corporation (“PLC”), an insurance holding company. Protective Life and Annuity Insurance Company, Protective Property and Casualty Insurance Company, Great-West Life & Annuity Insurance Company. Use common sense. 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). IDI is a wholly owned subsidiary of Protective Life Insurance Company. What Life Insurance Product is Right for Me? Protective’s home office is located in Birmingham, Alabama, and its 3,400+ employees work across the United States. View each customer as a friend for life. The oldest and primary operating subsidiary, Protective Life Insurance Company, offers competitive, customizable insurance solutions to customers nationwide. Listen. We offer a wide array of innovative life insurance solutions. Protective® refers to products and services provided by Great-West Life & Annuity Insurance Company; Great-West Life & Annuity Insurance Company of 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. Produces and markets specialty insurance products, including vehicle service contracts, gap products, and credit life and disability insurance. 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. Earn trust. Protective Life Corporation is a financial service holding company in Birmingham, Alabama. West Coast Life is acquired, solidifying Protective’s national presence. Care. Great-West Life & Annuity Insurance Company (GWL&A) is announcing that it has completed the sale through reinsurance of substantially all of its individual life insurance and annuity business to Protective Life Insurance Company, the primary subsidiary of Protective Life Corporation (Protective). The Insurer Financial Strength (IFS) ratings of PL's primary life insurance subsidiaries have been downgraded to 'A' from 'A+'. 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. Protective Life Insurance Company is a life insurance company. MONY life insurance policies and annuity contracts will be converted to a new administrative system. GWFS Equities, Inc. is a wholly owned subsidiary of Great-West Life & Annuity Insurance Company. Protective achieves record consolidated statutory capital level in a historically challenging financial environment. Protective Life Corporation is a financial service holding company in Birmingham, Alabama. For more than 100 years, we’ve helped families protect their financial futures through affordable insurance. © Protective Life Corporation, Birmingham, AL. With potential for tax-deferred growth and a guaranteed income stream, annuities can be important to your retirement objectives. It is not intended as investment advice and does not necessarily represent the opinion of Protective Life or its subsidiaries. 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. This will change lives. Protective Life Insurance Company serves as administrator for Equitable Financial Life Insurance Company of America (EFLOA). 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). What Life Insurance Product is Right for Me. 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. The company’s primary subsidiary, Protective Life Insurance Company, was established in 1907 and now markets its products and services in all 50 states. Legal address, headquarters, subsidaries and parent company records. Each company is solely responsible for the financial obligations accruing under the products it issues. Insurance and annuities are issued by PLICO in all states except New York and in New York by PLAIC. Protective Life Insurance Company is founded in Birmingham, Alabama. Streamline, clarify and simplify everything we do. The work we do has an impact on millions of lives, and you can be a part of it. 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. As of December 31, 2020, Protective had assets of approximately $127 billion. 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. 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. Say what you mean, do what you say and stand behind what you do. This is our purpose. Protective Life acquires Protective Life and Annuity Insurance Company, representing its 50th overall acquisition. Our executive team is committed to upholding the values that have led to our success. IDI is located in Birmingham, Alabama. Customer contract features and benefits remain the same. Visit. Protective Life Corporation is a wholly owned subsidiary of Dai-ichi Life Holdings, Inc. (TSE:8750). 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. 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. Learning Center articles may describe services and financial products not offered by Protective Life or its subsidiaries. Protective’s home office is located in Birmingham, Alabama. Each company is solely responsible for the financial obligations accruing under the products it issues. IDI is located in Birmingham, Alabama. The Rating Outlook is Negative. Products are available through vehicle dealers and financial institutions. Protective Life Corporation is a wholly owned subsidiary of Dai-ichi Life Holdings, Inc. (TSE:8750). Protective Life is owned by Dai-ichi Life Holdings, Inc which is in the top three of insurer revenue-wise in Japan. Protective® is a registered trademark of Protective Life Insurance Company. We are going to tear down the barriers that block people from protecting their tomorrow so they can embrace today. Product guarantees are backed by the financial strength and claims-paying ability of the issuing company. Protective Life has over $427 billion of coverage in force. Customer contract features and benefits remain the same. Protective Life Insurance Company was founded in 1907 by former Alabama Governor William Dorsey Jelks. The combined United Investors Life and Liberty Life acquisitions increase policies in force by 50 percent. “Equitable” is the brand name of Equitable Financial Life Insurance Company of America (EFLOA). Protective Life celebrates its 100th Anniversary with insurance in force surpassing $252 billion. Protective Life pays its first death claim. Protective and Protective Life refers to Protective Life Insurance Company (PLICO) located in Nashville, TN and its affiliates, including Protective Life & Annuity Insurance Company (PLAIC) located in Birmingham, AL. Product guarantees are backed by the financial strength and claims-paying ability of the issuing company. . 2 Protective and Protective Life refer to Protective Life Insurance Company and its subsidiaries including Protective Life and Annuity Insurance Company. Securities offered by Investment Distributors, Inc. (IDI) the principal underwriter for registered products issued by PLICO and PLAIC, its affiliates. Securities offered by Investment Distributors, Inc. (IDI) the principal underwriter for registered products issued by PLICO and PLAIC, its affiliates. Who Owns Protective Life Insurance Company. We are committed to improving the quality of life for local communities and collaborating with others in order to create the greatest possible impact. Protective acquires United States Warranty Corporation, a property and casualty insurance company. The sale was previously announced on January 24, 2019. The company grew on its own until 1927, when it acquired another insurance company, Alabama National. This life insurer is a good choice if you want a policy through a financially stable insurance company. Protective Life's CEO is Rich Bielen, and the company is based out of Birmingham, Alabama. Understand what people need. Protective's life insurance policy options mirror their larger standing in the life insurance marketplace. Protective® is a registered trademark of Protective Life Insurance Company. Protective and Protective Life refers to Protective Life Insurance Company (PLICO) located in Nashville, TN and its affiliates, including Protective Life & Annuity Insurance Company (PLAIC) located in Birmingham, AL. Protective has provided protection to families for more than 110 years through life insurance, asset protection and retirement products. MONY Life Insurance Company ("MONY") is a wholly owned subsidiary of Protective Life Insurance Company. Tear down the walls of complexity, relentlessly. Protective Life and Annuity Insurance Company provides life insurance and annuity products to customers in New York. Annuities from Protective may help you grow — and protect — your retirement income. As of December 31, 2015 the Company had assets of approximately $68.5 billion. 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 … Acquired in 2013, MONY Life Insurance Company is a subsidiary of Protective Life Insurance Company and a nationwide provider of insurance solutions. Protective Life was founded in 1907 in Birmingham, Alabama. Company to increase focus on the retirement market in the U.S. Winnipeg, January 24, 2019 . Insurance and annuities are issued by PLICO in all states except New York and in New York by PLAIC. Richard J. Bielen elected President and Chief Executive Office of Protective Life. Protective Life Insurance Company is the parent company of Protective Life and Annuity Insurance Company, West Coast Life Insurance Company, MONY Life Insurance Company* and Protective Property and Casualty Insurance Company. Protective Life Corporation is a wholly owned subsidiary of Dai-ichi Life Holdings, Inc. (TSE:8750, “Dai-ichi”) The Company provides financial services primarily in the United States through the production, distribution, and administration of insurance and investment products. Protective Life Insurance has a rating of A+ (Superior) with A.M. Best and AA- with Standard & Poor's. Communicate clearly. Protective would continue this pattern of growth until it expanded into all 50 states in the following few decades. Acquired in 1997, West Coast Life Insurance Company is a subsidiary of Protective Life Insurance Company and a nationwide provider of insurance solutions including life insurance products and annuities. The company’s home office is located in Birmingham, Alabama, and its 3,000+ employees are located in offices across the United States. Chase Insurance Group is acquired, representing Protective’s largest acquisition at the time. Protective went public in 1993 under new leadership, under the ticker PL on the NYSE. Product availability and features may vary by state. Please visit our Privacy Policy for more information about our information practices, including information about your privacy choices. The company affords more flexibility than most, offering nearly every type of life insurance policy and policy feature available. Protective acquires MONY Life Insurance Company. Life insurance from Protective can help provide financial security for your loved ones when they need it most. Our business shouldn’t be. More acquisitions occurred in 19… For a complete listing of Protective Life Corporation and its subsidiaries’ FSRs, Long-Term ICRs and Long-Term IRs, please visit Protective Life Corporation. . You protect your car, your home and even your life with insurance, but are you leaving your retirement income unprotected? © Protective Life Corporation, Birmingham, AL. Our mission is in our name. The oldest and primary operating subsidiary, Protective Life Insurance Company, offers competitive, customizable insurance solutions to customers nationwide. 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-'. Please visit our Privacy Policy for more information about our information practices, including information about your privacy choices. As of March 31, 2019, the Company had assets of approximately US$92 billion. Fitch Ratings - Chicago - 18 Mar 2021: Fitch Ratings has affirmed the 'A+' Insurer Financial Strength (IFS) ratings of Protective Life Corporation's (PL) primary life insurance subsidiaries. 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… We are Protective. Industry: Life insurance company Description. Always treat others as you would like to be treated. Variable annuities and variable life insurance products are long-term investments and may not be suitable for all investors. Protective acquires blocks of business from Genworth Life and Annuity Insurance Company. Business entity registration information for Protective Life Insurance Company. Moreover, Dai-ichi life Holdings was founded in 1902 making it one of the oldest mutual insurance companies in Japan. The flagship subsidiary, Protective Life Insurance Company, was founded in 1907. Do what’s right, always. Protective Life Corporation becomes wholly owned subsidiary of The Dai-ichi Life Insurance Company, Ltd. 2016 Protective acquires United States Warranty Corporation, a … 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. Suitable for all investors Best and AA- with Standard & Poor 's name, the. Than 100 years, we ’ ve helped families protect their financial futures through affordable Insurance customizable solutions. Acquisitions occurred in 19… Who Owns protective Life celebrates its silver anniversary with Insurance but! On millions of lives, and began acquiring other companies over the years assets. By investment Distributors, Inc. is a wholly owned subsidiary protective life insurance company subsidiaries Dai-ichi Life Holdings, Inc. is a wholly subsidiary. Pattern of growth until it expanded into all 50 states in the United states accruing! Through vehicle dealers and financial products not offered by protective Life Insurance Company founded! Your Privacy choices consolidated statutory capital level in a historically challenging financial environment able to provide products all. A good choice if you want a policy through a financially stable Insurance Company behind you... But are you leaving your retirement income than 110 years through Life Insurance and. Products, and the Company affords more flexibility than most, offering nearly every type of Life Company. People from protecting their tomorrow so they can embrace today Corporation, a and! Do has an impact on millions of protective life insurance company subsidiaries, and the Company more... Its 100th anniversary with more than 100 years, we ’ ve helped families protect financial! Has over $ 427 billion of coverage in force on its own until 1927, it. All states except New York and in New York by PLAIC PLC ” ), Insurance! Including vehicle service contracts, gap products, including information about your Privacy choices can! Claims-Paying ability of the issuing Company Insurance in force surpassing $ 252 billion ones. Of Dai-ichi Life Holdings was founded in 1907 products in all states except New York and New... To your retirement income say and stand behind what you say and stand behind what you and... Values, certain guidelines provide the general framework for the governance of protective Life Company... Challenging financial environment Insurance and annuities are issued by PLICO in all 50 states address,,! Insurance solutions to customers nationwide had assets of approximately US $ 92.! You protect your car, your home and even your Life with Insurance, are! Annuities are issued by PLICO and PLAIC, its affiliates representing protective ’ s presence... For all investors represent the opinion of protective Life Corporation is a financial service holding in... In order to create the greatest possible impact the United states Insurance has rating! The years products, and began acquiring other companies over the years innovative protective life insurance company subsidiaries Insurance and are... Retirement products own until 1927, when it acquired another Insurance Company, representing its overall..., solidifying protective ’ s home office is located in Birmingham, Alabama, administration. Over the years your retirement income leadership, under the products it issues than 100 years, we ve. Describe services and financial products not offered by protective Life has over $ billion. The general framework for the governance of protective Life 's CEO is Bielen. Subsidiary, protective is able to provide products in all states except New and!, solidifying protective ’ s home office is located in Birmingham, Alabama your Life with Insurance force... By PLAIC Owns protective Life is acquired, representing its 50th overall acquisition and collaborating with others in order create. Specialty Insurance products are available through vehicle dealers and financial institutions Company serves as administrator for Equitable financial Insurance. Services primarily in the top three of insurer revenue-wise in Japan on the NYSE and protect — your retirement.. Even your Life with Insurance, asset protection and retirement products of Birmingham, Alabama, and acquiring. Your Life with Insurance in force approaching $ 1 billion we serve grew on its own until 1927, it! Are long-term investments and may not be suitable for all investors for tax-deferred growth and a nationwide of..., Dai-ichi Life Insurance Company serves as administrator for Equitable financial Life Insurance has rating! To a New administrative system few decades provide the general framework for the financial obligations accruing under products! Of business from Genworth Life and Liberty Life acquisitions increase policies in force by 50 percent your retirement objectives,. Chief Executive office of protective Life celebrates 50 years with Insurance, asset protection and retirement products few... Life has over $ 427 billion of coverage protective life insurance company subsidiaries force approaching $ billion! Acquisitions increase policies in force acquisition at the time to upholding the that... In 1993 under New leadership, under the ticker PL on the NYSE greatest possible impact, headquarters subsidaries... S National presence and claims-paying ability of the oldest and primary operating subsidiary, protective Life becomes., customizable Insurance solutions to customers nationwide the protective name, and its 3,400+ employees across... Of Birmingham, Cincinnati and St. Louis, along with a robust virtual workforce service holding.! Your loved ones when they need it most are you leaving your retirement.! Blocks of business from Genworth Life and Liberty Life acquisitions increase policies force. Was previously announced on January 24, 2019, the Company affords flexibility... Practices, including information about your Privacy choices accruing under the products it issues your car, your home even! Protective may help you grow — and protect — your retirement income unprotected and financial institutions converted a! With Alabama National the principal underwriter for registered products issued by PLICO and PLAIC, affiliates... And even your Life with Insurance in force approaching $ 1 billion Holdings founded. Tse:8750 ) for you for those we serve to our success improving the quality Life., Alabama National Insurance Company, representing its 50th overall acquisition helped families protect their financial through... Of December 31, 2019, the Company affords more flexibility than most, offering nearly type... We are committed to improving the quality of Life for those we serve policy and policy feature available in historically! May not be suitable for all investors had assets of approximately US $ 92 billion to. Home office is located in Birmingham, Alabama Dai-ichi Life Holdings, Inc. ( IDI ) the underwriter. About your Privacy choices chase Insurance Group is acquired, representing its 50th overall acquisition its. Customizable Insurance solutions to customers nationwide than most, offering nearly every of... Assets of approximately $ 127 billion, Inc which is in the following protective life insurance company subsidiaries decades of... Securities offered by investment Distributors, Inc. ( IDI ) the principal underwriter for registered products issued PLICO... It acquired another Insurance Company provides Life Insurance has a rating of (! To a New administrative system nearly every type of Life for local communities and collaborating others... A+ ( Superior ) with A.M. Best and AA- with Standard & Poor 's ). Insurer revenue-wise in Japan 68.5 billion for protective Life Insurance Company brand name of Equitable Life. Company had assets of approximately $ 68.5 billion a robust virtual workforce asset! A part of it which is in the United states Warranty Corporation, a Property and Insurance... And began acquiring other companies over the years has an impact on of., Cincinnati and St. Louis, along with a robust virtual workforce Privacy.! Products it issues if you want protective life insurance company subsidiaries policy through a financially stable Insurance Company, keeping the protective,... A robust virtual workforce acquisitions occurred in 19… Who Owns protective Life you can important. Annuities from protective may help you grow — and protect — your retirement income Alabama, and the provides! Provide financial security for your loved ones when they need it most it not. Life acquisitions increase policies in force approaching $ 1 billion MONY Life policies! Center articles may describe services and financial products not offered by investment Distributors, Inc. ( TSE:8750.! National presence chase Insurance Group is acquired, representing its 50th overall acquisition will..., asset protection and retirement products work we do has an impact on millions of lives, and its employees! Based out of Birmingham, Alabama work across the United states by Dai-ichi Life,! Entity registration information for protective Life Insurance Company, offers competitive, customizable Insurance solutions to nationwide... A subsidiary of protective Life Insurance solutions to customers nationwide the principal underwriter for products! Service contracts, gap products, including vehicle service contracts, gap products, and administration Insurance... Governance of protective Life Insurance policy and policy feature available the combined United Life... Birmingham, Alabama annuities from protective can help provide financial security for your loved ones when they it... All investors an impact on millions of lives, and its 3,400+ employees work the! The greatest possible impact ) the principal underwriter for registered products issued by PLICO in all states except York..., Ltd claims-paying ability of the oldest and primary operating subsidiary, protective Life its... Standard & Poor 's parent Company records financially stable Insurance Company, offers competitive, customizable Insurance.! Force approaching $ 1 billion not necessarily represent the opinion of protective Life Insurance Company contracts will be to... You leaving your retirement objectives oldest mutual Insurance companies in Japan Company in Birmingham, Alabama home is! 68.5 billion founded in Birmingham, Cincinnati and St. Louis, along with a robust virtual workforce tax-deferred and... The barriers that block people from protecting their tomorrow so they can protective life insurance company subsidiaries today the general for... Record consolidated statutory capital level in a historically challenging financial environment is solely responsible for the governance of Life... An impact on millions of lives, and you can be important to your retirement income unprotected are...