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Part of creating a safe and financially healthy future means obtaining a flexible life insurance plan that meets you and your family’s specific needs, even as those needs evolve throughout life. And that’s why Costco entrusts Protective to look after its members.
For over a century, Protective has provided quality, dependable, and flexible life insurance policies. Protective understands your exact needs to create a policy that can help ensure future coverage while fitting your budget today.
Based on the information you provided, Protective is unable to offer you a Personalized Quote online.
Please contact the Customer Care Team to discuss more life insurance options available to you.
One policy created specifically for Costco members
Competitive rates for up to 20 years with an option
to extend it for a lifetime. Plan features include:
With Member Advantage Life® UL, Protective Life
reduces your annual premium amount during the first five
policy years. It then modestly increases in year six and
remains level for the duration of benefit period you selected.
Protective knows that pricing is key, but flexibility also is paramount. A retiring couple looking to downsize may not need the same level of coverage as a young family building a nest egg. Protective offers quality policies that provide benefits of various sizes$100,000 - $5 Million
You can gain peace of mind at a level that suits your needs.
These are five common factors Costco members
consider when deciding how much coverage to get:
Of course, that’s for an initial calculation. If, for example, you have another child after obtaining a policy, you may wish to increase the amount of your benefit, and you can do so by reaching out to Protective to adjust as necessary.2
Getting a quote is the first step in our straightforward process. Next, you’ll apply online. All you’ll need to do is enter your information, submit your beneficiaries’ names, and designate the percentage each beneficiary is to receive. What comes next?
A Protective representative will call you at your convenience to conduct a 20-minute medical history phone interview.
You will then schedule a routine life insurance physical examination. No need to make a trip to the doctor — a medical representative will come to you. Some applicants may be eligible to obtain coverage without a full medical exam.3
This is where Protective reviews the information on your application and the results of your medical exam.
Once your application and underwriting are complete, Protective will notify you. You’ll receive all documentation electronically — file it away with your other important documents and notify your beneficiaries. Please keep in mind that depending on your medical history and exam results, medical records or additional underwriting requirements may be required. This process generally takes a few weeks.
Of course, you can contact Protective at any time to adjust your policy based on your changing needs.2 Protective is here to help you protect your family's financial future.
Costco chose Protective Life as its exclusive life insurance provider for the same reason: Protective delivers policies to real people and real families at a level of quality that Costco members have come to expect. Think Costco First.
* Percentage is based on premium comparisons between Protective’s Custom Choice UL product and the Member Advantage UL product. The death benefit amount for the Member Advantage Life UL will decrease each year after the initial coverage period until it reaches the minimum of $10,000. At that point, premiums will increase each year. Rates are effective as of December 19, 2018, vary by carrier and are subject to change without notice.
1 Premium based on the first 5 years of a Costco Gold Star or Business Membership, 20-year period, $250,000 face value for an eligible 40-year-old male at the select preferred non-tobacco rate. Monthly premiums for the Member Advantage Life insurance policy will increase at year six. Face amount listed is for the initial level benefit period. The level premium period, which begins in year 6, may be extended beyond the initial level benefit period, however the face amount will begin to decrease annually until it reaches $10,000, at which point premiums will begin to increase. Actual results will vary based on a variety of factors including age, gender, health and other underwriting factors. Rates are effective as of January 2, 2018.
2 Coverage increases may require additional underwriting and decreases can be subject to minimums and charges after the third policy year.
3 Coverage amounts and express application processing may be available to applicants from ages 18 - 45 for up to $1,000,000 and 46 - 60 for up to $500,000 of coverage that meet certain risk and eligibility requirements of Protective Life. Full medical underwriting may be required for applicants that do not meet Protective’s eligibility criteria.
Acceptance for coverage and pricing is subject to eligibility and underwriting criteria. Member Advantage Life (ICC12-UL22/UL-22), is a universal life insurance policy issued exclusively to Costco members by Protective Life Insurance Company (PLICO), Birmingham, AL. Not available in New York. Policy form numbers, product features and availability may vary by state. Consult policy for benefits, riders, limitations, and exclusions. Coverage and pricing is subject to eligibility and underwriting criteria. Up to a two-year contestable and suicide period. Benefits adjusted for misstatements of age or sex. In Montana, unisex rates apply. Any quote that is present is only an estimate and the actual premium and rate class will be determined after the underwriting process is completed. Costco Insurance Agency, Inc. and Costco Wholesale do not issue, underwrite insurance or pay claims under PLICO policies. Insurance is underwritten by PLICO.
Costco Insurance Agency, Inc. (CIA), a licensed insurance agent, may receive compensation from PLICO and/or their affiliates. CIA and their affiliates do not guarantee the services of any insurance company. PLICO and their affiliates are separate, independent of and distinct from CIA. CIA is not responsible for the financial condition or obligations of PLICO. CIA is licensed to sell PLICO products to the members of Costco Wholesale Corporation (CWC). Costco and CWC are affiliates, collectively referred to as Costco. Protective and Costco are separate, independent entities and are not responsible for the financial condition, business, or legal obligations of the other. The California license number for Protective is 07726. The California license number for Costco Insurance Agency is 0D08407. (CD.675001.07.17)