Company Overview

Protective Life and Annuity Insurance Company, a stock life insurance company, engages in the marketing, distribution, and service of insurance and annuity products in New York. The company operates in four segments: Life Marketing, Acquisitions, Annuities, and Asset Protection. The Life Marketing segment markets level premium term and term-like insurance, universal life, and variable universal life products on a national basis primarily through networks of independent insurance agents and brokers, as well as in the bank owned life insurance market. The Acquisitions segment focuses on acquiring, converting, and servicing policies acquired from other companies. The segment's primary focus is ...

Protective Life and Annuity Insurance Company, a stock life insurance company, engages in the marketing, distribution, and service of insurance and annuity products in New York. The company operates in four segments: Life Marketing, Acquisitions, Annuities, and Asset Protection. The Life Marketing segment markets level premium term and term-like insurance, universal life, and variable universal life products on a national basis primarily through networks of independent insurance agents and brokers, as well as in the bank owned life insurance market. The Acquisitions segment focuses on acquiring, converting, and servicing policies acquired from other companies. The segment's primary focus is on life insurance policies sold to individuals. The Annuities segment manufactures, sells, and supports fixed annuity products. These products are primarily sold through stockbrokers, as well as financial institutions and the Life Marketing segment's sales force. The Asset Protection segment primarily markets credit life and disability insurance products to automobiles and watercraft. The company is authorized to transact insurance business as an insurance company or a reinsurance company in 49 states, including New York. The company was founded as American Foundation Life Insurance Company in 1978 and its name was changed to Protective Life and Annuity Insurance Company in 1999. The company has its principal executive offices in Birmingham, Alabama. Protective Life and Annuity Insurance Company operates as a subsidairy of Protective Life Insurance Company.

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