We encourage you to review and compare your current coverage before you consider cancelling or replacing your policy.

If you currently have a policy with Protective and have any questions about changes in your policy (example-changes in marital status, retired, children, etc.) or need assistance in filing a claim, please call PECU toll free at 800-446-6781 or Protective Life at 800-866-8532.

LIFE INSURANCE
PECU offers life insurance options to people of all ages. A few of the many benefits available to you through your life insurance policy includes living benefits, security for loved ones, supplementing your retirement, flexibility and portability. And as with cancer insurance, life insurance premium can be payroll deducted or drafted from any checking account.

Important Things to Consider regarding life insurance:

Review your own insurance needs and circumstances. Choose the kind of policy(term or life) that has benefits that will fit your needs.

Read your policy carefully. Ask your agent or company about anything that is not clear to you.

Do not drop one policy and buy another without a thorough study of the new policy and the one you have now. Replacing your insurance may be costly.

There are two types of life insurance that we offer: term insurance and Whole Life Insurance. Term insurance generally has lower premiums in the early years, but does not build up cash values that you can use in the future.

• Term Insurance covers you for a specific term period (Example: 10, 15, 20 or 30 years). It pays a death benefit only if you die in that term. Term insurance generally offers the largest insurance protection for your premium dollar. It does not build up cash value. You may be able to trade term insurance polices for a Whole Life policy during a conversion period – even if you are not in good health. Premiums for the Whole Life policy will be higher than you have been paying for the term insurance.

• Whole Life Insurance covers you for as long as you live if your premiums are paid. You generally pay the same amount in premiums for as long as you live. PECU agent will give you a policy summary or an illustration that will show benefits and premiums for selected years.