Estate planning at Protective
How to protect 11 Protective accounts — manage beneficiaries online, fund a trust online, and file death claims
Protective Life Insurance Company, Life and Health Insurance Administration, P.O. Box 12687, Birmingham, AL 35202-6687
Protective Life Insurance Company, Life and Health Insurance Administration, P.O. Box 12687, Birmingham, AL 35202-6687
Life Insurance Claims
Protective Life Insurance Company, Claims, P.O. Box 12486, Birmingham, AL 35202
Protective offers 11 insurance products that play a central role in estate planning. Because policy proceeds pass directly to named beneficiaries—bypassing probate entirely—keeping designations current is one of the highest-impact steps policyholders can take.
Beneficiary designations at Protective can be managed online, by mail, and by phone, typically taking 10-15 minutes online; 15-20 minutes by mail. Trust funding is also available, allowing families to name a trust as the policy beneficiary or establish an irrevocable life insurance trust (ILIT).
Protective has documented procedures for both preparing accounts during your lifetime and handling claims when an account holder passes away.
Preparing your estate
Beneficiaries and trust funding
How to manage beneficiaries online, fund a trust online, and review 11 account types at Protective.
View details →When someone dies
Death claim process
8-step process, 8 required documents, and contact information for survivors.
View details →Frequently asked questions
You can, but the tax consequences are different and the annuity ownership form says so on its face. Protective's Ownership Change Annuity Service Form (Form RET-2405, at https://www.lad3.protective.com/protectivelife/forms/pdf/RET-2405_Ownership_Change_Form_07.24.pdf) warns in Section 1 that an ownership change may create a taxable event, and that under Rev. Proc. 2011-38 an ownership change within 180 days of a partial 1035 exchange can cause additional taxable income. The new designation also cancels all previous ownership designations. If the new owner is a trust, Protective requires the Trustee Certificate or the trust document showing the trust name, trustee name, trust date, tax ID, and trustee signature. Naming the trust as BENEFICIARY of the annuity (Form RET-2403) carries no such transfer-tax exposure and is the more common path. Annuity service: 1-800-456-6330, fax 205-268-6479, P.O. Box 1928, Birmingham, AL 35201-1928.
Sources
Data sourced from Protective primary sources (28 pages reviewed). How we research.
Protective Life Insurance Company, Life and Health Insurance Administration, P.O. Box 12687, Birmingham, AL 35202-6687
Protective Life Insurance Company, Life and Health Insurance Administration, P.O. Box 12687, Birmingham, AL 35202-6687
Life Insurance Claims
Protective Life Insurance Company, Claims, P.O. Box 12486, Birmingham, AL 35202
Estate planning articles
Learn how to protect your Protective accounts and other assets with trusts, beneficiary designations, and estate planning documents.
