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Johns was an employee of Protective Life from 1993 until his retirement in November 2019. In 2007, Protective Life celebrated its 100th anniversary, just one year after its acquisition of Chase Insurance Group in 2006. [6] In 2010, Protective life acquired Alabama based life insurance company, United Investors Life Insurance Company from ...
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A life insurance trust is an irrevocable, non-amendable trust which is both the owner and beneficiary of one or more life insurance policies. [1] Upon the death of the insured, the trustee invests the insurance proceeds and administers the trust for one or more beneficiaries.
In January 2016, Protective Life acquired parts of the company for $661 million. [33] [34] In February 2016, the company suspended sales of annuities and life insurance, putting the existing books of business into runoff. [35] [36] In June 2016, the company sold its term life insurance platform to Pacific Life. [37]
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A.M. Best Comments on Protective Life Corporation's Planned Acquisition of MONY Life Insurance Company OLDWICK, N.J.--(BUSINESS WIRE)-- A.M. Best Co. has commented that the ratings of Protective ...
Your beneficiary benefits from your life insurance policy. A primary beneficiary is typically your spouse, child, family member or friend. However, it also may be a trust, charity, business or an ...