Protective Announces New ExtendCare Rider
Protective Life Insurance Company is pleased to introduce a new ExtendCare Rider that will be available with Protective Advantage Choice UL and Protective Indexed Choice UL effective April 17, 2017 in approved states.
So what’s different? The new ExtendCare Rider features:
- Removal of the permanent loss of two Activities of Daily Living (ADLs) requirement
- Waiver of monthly deductions required to maintain the policy during a benefit period
- An additional waiver of monthly deductions for as long as the policy is in force, if the insured is certified as chronically ill for three consecutive benefit periods