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Life insurance helps provide security for your loved ones when they need it most. Get life insurance protection with an easy-to-understand policy, at a Costco member-only value.
These are five common factors Costco members consider while evaluating their coverage amount options:
Of course, that's for an initial calculation. If, for example, you have another child after obtaining a policy, you may wish to increase the amount of your benefit, and you can do so by reaching out to Protective Life to adjust as necessary.2
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Based on the information you provided, Protective Life is unable to offer you a Personalized Quote online.
Please contact the Customer Care Team to discuss more life insurance options available to you.
Get competitive rates for up to 20 years. Plan features include:
With Member Advantage LifeSM Term, Protective Life reduces
your annual premium amount during the first five policy
years. It then modestly increases in year six and remains
level for the duration of the benefit period you selected.1
Protective Life knows that pricing is key, but flexibility also is important. You can choose the amount of coverage you want with an initial term period of either 10 or 20 years.$100,000 – $5 Million
Help gain peace of mind at a level that suits your needs.
Getting a quote is the first step in our straightforward process. Next, you'll apply online. Enter your information, submit your beneficiaries' names and designate the percentage each beneficiary is to receive. What comes next?
A Protective Life representative will call you at your convenience to conduct a 20-minute medical history phone interview.
You will then schedule a routine life insurance physical examination. No need to make a trip to the doctor — a medical representative will come to you. Some applicants may be eligible to obtain coverage without a full medical exam.4
This is where Protective Life reviews the information on your application and the results of your medical exam.4
Once your application and underwriting are complete, Protective Life will notify you. You'll receive all documentation electronically — file it away with your other important documents and notify your beneficiaries.
Please keep in mind that depending on your medical history and exam results, medical records or additional underwriting requirements may be required. This process generally takes a few weeks.
Costco chose Protective Life as its exclusive life insurance provider because they deliver policies to real people and real families at a level of quality and value that Costco members have come to expect.
For over a century, Protective Life has provided quality, dependable, and flexible life insurance policies. Protective Life understands your exact needs to create a policy that can help ensure future coverage while fitting your budget today.
1 Premium based on the first 5 years of a Costco Gold Star or Business Membership, 20-year period, $250,000 face value for an eligible 40-year-old male at the select preferred non-tobacco rate. Face amount listed is for the initial level benefit period. The guaranteed premium will increase in policy year 6 and then remain level for the remaining level period (5 or 15 more years) and after the full level period (10 or 20 years) the premiums will increase annually immediately following the full level period. Actual results will vary based on a variety of factors including age, gender, health and other underwriting factors. Rates are effective as of August 12, 2019.
2 Requests for coverage increases require new evidence of insurability to Protective Life, and decreases can occur after the third policy year and are subject to minimum face amount limits.
3 Percentage is based on first year annual premium comparisons between Protective’s Classic Choice term product and the Member Advantage Life term product. The guaranteed premium will increase in policy year 6 and then remain level for the remaining level period (5 or 15 more years) and after the full level period (10 or 20 years) the premiums will increase annually immediately following the full level period. Rates are effective as of August 12, 2019, vary by carrier and are subject to change without notice.
4 Coverage amounts and accelerated application processing may be available to applicants from ages 18 - 45 for up to $1,000,000 and 46 - 60 for up to $500,000 of coverage that meet certain risk and eligibility requirements of Protective Life. Full medical underwriting may be required for applicants that do not meet Protective’s eligibility criteria.
Acceptance for coverage and pricing is subject to eligibility and underwriting criteria. Member Advantage Life (ICC16-TL21/TL-21), is a term life insurance policy issued exclusively to Costco members by Protective Life Insurance Company (PLICO), Brentwood, TN. Not available in New York. Policy form numbers, product features and availability may vary by state. Consult policy for benefits, riders, limitations, and exclusions. Coverage and pricing is subject to eligibility and underwriting criteria. Up to a two-year contestable and suicide period. Benefits adjusted for misstatements of age or sex. In Montana, unisex rates apply. Any quote that is present is only an estimate and the actual premium and rate class will be determined after the underwriting process is completed. Costco Insurance Agency, Inc. and Costco Wholesale do not issue, underwrite insurance or pay claims under PLICO policies. Insurance is underwritten by PLICO.
Costco Insurance Agency, Inc. (CIA), a licensed insurance agent, may receive compensation from PLICO and/or its affiliates. CIA and its affiliates do not guarantee the services of any insurance company. PLICO and its affiliates are separate, independent of and distinct from CIA. CIA is not responsible for the financial condition or obligations of PLICO. The California license number for Protective is 07726. The California license number for Costco Insurance Agency is 0D08407. (CD.675001.07.19)