Protective Conversion Choice Rider with ExtendCare (CCRE)

Effective 7/8/24

Protective is offering a new rider for Classic Choice Term 10-40 that will provide additional options for clients when it comes to Conversion and Chronic Illness.

Conversion Choice Rider with ExtendCare (CCRE) provides the following benefits to customers:
• Longer Conversion Periods for a broader range of Protective Permanent Products.
• Added protection for Chronic Illness expenses with the ExtendCare Rider upon conversion.
• No additional medical exams or underwriting.

Here is an example of what Classic Choice Term offers, with and without the Conversion Choice Rider with ExtendCare.

Jonathan- Male, Age 50
• Needs $500K DB for the next 20 years
• Indicates a likely need for permanent coverage in the future but isn’t ready to commit to a higher premium at this point.
• He wants options in the future that include Chronic Illness protection.

Classic Choice Term without CCRE
• $128.39 monthly premium
• Conversion to expanded products is limited to 5 years.
• No ability to add Chronic Illness protection upon conversion.

Classic Choice Term with CCRE
• $153.04 monthly premium (only $24.65 more).
• Conversion options to expanded products up to 18 years.
• Option to add ExtendCare Rider upon conversion with NO additional underwriting.

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