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Company Details
PROTECTIVE LIFE INSURANCE COMPANY License Status :
Active
NAIC Number :
68136
Phone Number:
2052681000
Company Address:
2801 HIGHWAY 280 SOUTH
BIRMINGHAM, AL 35223
Description:
Life and Health
License Number:
A422427
Date Admitted:
1970-12-01
Market Share
Link to Supplemental Data Page
| Year | Line | Market Share | Direct Premium Earned | Direct Premium Written | Direct Losses Paid | Direct Losses Incurred | Loss Ratio |
|---|---|---|---|---|---|---|---|
| 2018 | Total Accident & Health | 0.00% | $144,592 | $143,981 | $310,960 | $294,952 | N/A |
| 2018 | Total Individual Accident & Health | 0.00% | $144,570 | $143,959 | $310,960 | $294,952 | N/A |
| 2018 | Individual Specified Disease | 0.02% | $143,783 | $138,564 | $310,157 | $294,843 | N/A |
| 2018 | Individual Disability Income | 0.00% | $1,716 | $1,574 | $0 | $589 | 37.42 % |
| 2018 | Individual Long Term Credit Disability | -0.31% | $-929 | $3,821 | $803 | $-480 | -12.56 % |
| 2018 | Total Group Accident & Health | 0.00% | $22 | $22 | $0 | $0 | 0.00 % |
| 2018 | Group Long Term Credit Disability | 0.22% | $22 | $22 | $0 | $0 | 0.00 % |
| 2018 | Total Life | 0.17% | $106,480,750 | $0 | $514,184,852 | $0 | N/A |
| 2018 | Total Individual Life | 0.39% | $106,228,483 | $0 | $468,068,731 | $0 | N/A |
| 2018 | Individual Whole Life | 0.02% | $350,863 | $0 | $2,159,950 | $0 | N/A |
| 2018 | Individual Term Life | 0.85% | $18,124,155 | $0 | $10,243,521 | $0 | N/A |
| 2018 | Individual Universal Life | 0.70% | $19,833,584 | $0 | $430,486,732 | $0 | N/A |
| 2018 | Individual Credit Life | 0.08% | $2,028 | $0 | $0 | $0 | N/A |
| 2018 | Individual Variable Life | 0.55% | $3,374,674 | $0 | $21,939,860 | $0 | N/A |
| 2018 | Individual Ordinary Annuities | 0.51% | $16,123,035 | $0 | $863,143 | $0 | N/A |
| 2018 | Individual Variable Annuities | 0.27% | $18,800,502 | $0 | $2,188,235 | $0 | N/A |
| 2018 | Individual Modified Guaranteed Annuities | 0.60% | $325,575 | $0 | $0 | $0 | N/A |
| 2018 | Individual Equity Indexed Annuities | 0.33% | $27,761,955 | $0 | $187,290 | $0 | N/A |
| 2018 | Individual Deposit-Type Funds | 0.54% | $1,532,112 | $0 | $0 | $0 | N/A |
| 2018 | Total Group Life | 0.00% | $252,267 | $0 | $46,116,121 | $0 | N/A |
| 2018 | Group Whole Life | 0.01% | $16,081 | $0 | $45,631,928 | $0 | N/A |
| 2018 | Group Term Life | 0.01% | $236,186 | $0 | $484,193 | $0 | N/A |
| 2018 | Group Ordinary Annuities | 0.00% | $0 | $0 | $0 | $0 | N/A |
| 2017 | Total Accident & Health | 0.00% | $128,503 | $128,504 | $361,712 | $348,094 | N/A |
| 2017 | Total Individual Accident & Health | 0.00% | $128,503 | $128,504 | $361,712 | $348,094 | N/A |
| 2017 | Individual Specified Disease | 0.04% | $127,747 | $120,379 | $359,503 | $349,570 | N/A |
| 2017 | Individual Disability Income | 0.00% | $1,153 | $1,153 | $0 | $-1,358 | -117.78 % |
| 2017 | Individual Long Term Credit Disability | 14.29% | $-397 | $6,972 | $2,209 | $-118 | -1.69 % |
| 2017 | Total Life | 0.80% | $165,942,165 | $0 | $420,326,203 | $0 | N/A |
| 2017 | Total Individual Life | 1.29% | $165,441,615 | $0 | $392,498,369 | $0 | N/A |
| 2017 | Individual Whole Life | 0.08% | $951,475 | $0 | $7,564,160 | $0 | N/A |
| 2017 | Individual Term Life | 1.30% | $12,849,966 | $0 | $9,528,423 | $0 | N/A |
| 2017 | Individual Universal Life | 1.67% | $22,997,689 | $0 | $354,270,695 | $0 | N/A |
| 2017 | Individual Credit Life | 0.64% | $8,677 | $0 | $0 | $0 | N/A |
| 2017 | Individual Variable Life | 1.23% | $3,831,215 | $0 | $18,397,767 | $0 | N/A |
| 2017 | Individual Ordinary Annuities | 2.35% | $31,602,481 | $0 | $1,092 | $0 | N/A |
| 2017 | Individual Variable Annuities | 1.06% | $36,540,663 | $0 | $1,849,497 | $0 | N/A |
| 2017 | Individual Modified Guaranteed Annuities | 1.67% | $367,044 | $0 | $728,437 | $0 | N/A |
| 2017 | Individual Equity Indexed Annuities | 1.49% | $53,958,147 | $0 | $158,298 | $0 | N/A |
| 2017 | Individual Deposit-Type Funds | 1.61% | $2,334,258 | $0 | $0 | $0 | N/A |
| 2017 | Total Group Life | 0.01% | $500,550 | $0 | $27,827,834 | $0 | N/A |
| 2017 | Group Whole Life | 0.01% | $8,804 | $0 | $27,190,119 | $0 | N/A |
| 2017 | Group Term Life | 0.02% | $250,650 | $0 | $637,654 | $0 | N/A |
| 2017 | Group Ordinary Annuities | 0.00% | $0 | $0 | $0 | $0 | N/A |
| 2017 | Group Modified Guaranteed Annuities | 14.28% | $241,096 | $0 | $61 | $0 | N/A |
| 2016 | Total Accident & Health | 0.00% | $167,904 | $169,544 | $236,292 | $222,941 | N/A |
| 2016 | Total Individual Accident & Health | 0.00% | $167,250 | $168,890 | $236,292 | $222,941 | N/A |
| 2016 | Individual Specified Disease | 0.05% | $147,353 | $144,862 | $225,938 | $227,985 | N/A |
| 2016 | Individual Disability Income | 0.01% | $13,841 | $13,841 | $3,105 | $3,105 | 22.43 % |
| 2016 | Individual Long Term Credit Disability | 14.29% | $6,056 | $10,187 | $7,249 | $-8,149 | -79.99 % |
| 2016 | Total Group Accident & Health | 0.00% | $654 | $654 | $0 | $0 | 0.00 % |
| 2016 | Group Disability Income | 0.00% | $654 | $654 | $0 | $0 | 0.00 % |
| 2016 | Total Life | 1.11% | $249,677,773 | $0 | $338,599,598 | $0 | N/A |
| 2016 | Total Individual Life | 1.68% | $249,406,990 | $0 | $282,187,559 | $0 | N/A |
| 2016 | Individual Whole Life | 0.04% | $449,690 | $0 | $1,558,284 | $0 | N/A |
| 2016 | Individual Term Life | 1.45% | $13,921,387 | $0 | $9,934,980 | $0 | N/A |
| 2016 | Individual Universal Life | 1.50% | $21,121,229 | $0 | $253,040,576 | $0 | N/A |
| 2016 | Individual Credit Life | 0.00% | $28 | $0 | $168,151 | $0 | N/A |
| 2016 | Individual Variable Life | 1.28% | $3,904,246 | $0 | $14,067,955 | $0 | N/A |
| 2016 | Individual Ordinary Annuities | 0.70% | $10,049,066 | $0 | $976,226 | $0 | N/A |
| 2016 | Individual Variable Annuities | 1.81% | $94,563,394 | $0 | $2,231,628 | $0 | N/A |
| 2016 | Individual Modified Guaranteed Annuities | 0.84% | $233,228 | $0 | $22,657 | $0 | N/A |
| 2016 | Individual Equity Indexed Annuities | 2.73% | $103,434,525 | $0 | $187,102 | $0 | N/A |
| 2016 | Individual Deposit-Type Funds | 1.08% | $1,730,197 | $0 | $0 | $0 | N/A |
| 2016 | Total Group Life | 0.00% | $270,783 | $0 | $56,412,039 | $0 | N/A |
| 2016 | Group Whole Life | 0.12% | $270,783 | $0 | $56,411,855 | $0 | N/A |
| 2016 | Group Ordinary Annuities | 0.00% | $0 | $0 | $0 | $0 | N/A |
| 2016 | Group Equity Indexed Annuities | 0.00% | $0 | $0 | $184 | $0 | N/A |
Enforcements
The department has not taken enforcement action against this company in the past three years.
Complaint Index
| Year | Line | Market Share | Number of Complaints | Complaint Index |
|---|---|---|---|---|
| 2018 | Health | 0.00% | 0 | 0 |
| 2018 | Life and Annuities | 1.92% | 9 | 43 |
| 2017 | Health | 0.00% | 0 | 0 |
| 2017 | Life and Annuities | 2.87% | 9 | 27 |
| 2016 | Health | 0.00% | 0 | 0 |
| 2016 | Life and Annuities | 3.49% | 9 | 22 |
Company Changes
Effective Date: 01/01/2007
Comments: Chase Life & Annuity Company merged with and into Protective Life Insurance Company.
Effective Date: 01/01/2004
Comments: First Variable Life Insurance Co. merged with and into Protective Life Insurance Co.
Effective Date: 07/01/2002
Comments: Inter-State Assurance Co. merged with and into Proptective Life Insurance Company.
Effective Date: 02/10/2006
Comments:
Effective Date: 07/01/2012
Comments: Effective 7/1/2012 United Investors Life Insurance Company merged with and into Protective Life Insurance Company.
Effective Date: 07/30/2019
Comments:
Market Conduct
Date: 02/10/2006
Date: 07/30/2019
Financial Exams
This company does not have any financial exams.