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We're updating interest rates on select products
February 1, 2024
As part of our commitment to helping you better serve customers, we're informing you of the following updates to rates on in-force universal life policies.

In-force policy interest crediting rate changes

Effective March 15, 2024
Product name

Protective® ProValue UL

Protective Advantage ChoiceSM UL (pre 2/16)

Protective® Select Flex II UL (with RIC)

Protective SurvivorSM UL

Protective Indexed ChoiceSM UL
Protective Indexed ChoiceSM UL NY

Protective Advantage ChoiceSM UL (post 2/16)*

Protective Custom ChoiceSM UL Lifetime

Protective® Lifetime Assurance UL

Protective® Lifetime Platinum II
Protective® Lifetime Platinum III

Protective® Select Flex II (FL)
Protective® Select Flex II (no RIC)

Protective® Select Flex II (TX)

Current rate
3.00%
3.00%
3.00%
2.50%
3.25%
3.50%
3.50%
3.50%
4.25%
3.75%
4.00%
New rate
3.25%
3.25%
3.25%
2.75%
3.50%
3.75%
3.75%
3.75%
4.50%
4.00%
4.25%

Interest rate changes will be reflected:

  • On new business illustrations beginning February 1, 2024.
  • On in-force illustrations beginning February 5, 2024.
  • In annual statements produced on or after March 15, 2024.**

If you have any questions regarding these interest rate changes, please reach out to your Protective representative.

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We’re ready to help you deliver the protection and security customers deserve. Reach out to us anytime for questions and support, and we’ll get in touch with you as soon as possible.
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* Does not include the currently marketed ACUL 03/2023. Product which remains at 3.50%.

** Protective Advantage Choice UL policies issued between 12/2019 and 2/2023 will have rate changes effective April 15, 2024.

WEB.5389658.01.26