Protective Life Corporation, through its subsidiaries, provides financial services primarily in the United States through the production, distribution, and administration of insurance and investment products. Protective Life Insurance Company (PLICO) is the company's primary operating subsidiary. Segments The company’s segments include Life Marketing, Acquisitions, Annuities, Stable Value Products, and Asset Protection. Life Marketing This segment markets universal life (UL), variable universal life (VUL), bank-owned life insurance (BOLI), and level premium term insurance (traditional) products on a national basis, primarily through networks of independent insurance agents and brokers, stockbrokers, and independent marketing organizations. Acquisitions This segment focuses on acquiring, converting, and servicing policies from other insurance companies. This segment's primary focus is on life insurance policies and annuity products that are sold to individuals. Annuities This segment markets fixed and variable annuity products. These products are primarily sold through broker-dealers, financial institutions, and independent agents and brokers. The company's fixed annuities include modified guaranteed annuities, which guarantee an interest rate for a fixed period. Contract values for these annuities are ‘market-value adjusted’ upon surrender prior to maturity. The company's fixed annuities also include single premium deferred annuities, single premium immediate annuities, and indexed annuities. The company's variable annuities offer the policyholder the opportunity to invest in various investment accounts and offer optional features that guarantee the death and withdrawal benefits of the underlying annuity. Stable Value Products This segment sells fixed and floating rate funding agreements directly to the trustees of municipal bond proceeds, money market funds, bank trust departments, and other institutional investors. This segment also issues funding agreements to the Federal Home Loan Bank (FHLB), and markets guaranteed investment contracts (GICs) to 401(k) and other qualified retirement savings plans. Asset Protection This segment markets extended service contracts and credit life and disability insurance to protect consumers' investments in automobiles, watercraft, and recreational vehicles (RV). This segment also markets a guaranteed asset protection (GAP) product. GAP coverage covers the difference between the loan pay-off amount and an asset's actual cash value in the case of a total loss. This segment's products are primarily marketed through a national network of approximately 8,000 automobile, marine, and RV dealers. A network of direct employee sales representatives and general agents distribute these products to the dealer market. Regulation The company is subject to various conditions and requirements of the Patient Protection and Affordable Care Act of 2010. History Protective Life Corporation was founded in 1907.
protective life corp (PV7:Berlin)
2801 Highway 280 South
Birmingham, AL 35223
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