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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 ...
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.
United Investors Life Insurance Company (UILIC) was an American life insurance company based in Birmingham, Alabama. It provided individual life insurance and annuity products . The Company became a wholly owned subsidiary of Protective Life Corporation in 2010 and was eventually merged with its parent company.
What happens if the owner of a life insurance policy dies before the insured? When the owner of a life insurance policy passes away before the insured, things can get a bit tricky. If the owner ...
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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 ...
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