Protective Life Insurance Companies: How Well Do They Protect?

Insurance: A Competitive Business

The insurance business is a very competitive business. Because all insurance companies sell the same thing, price is often the deciding variable. When a consumer looks into buying an insurance policy, he usually only has one thing on his mind: being able to get a suitable policy at the lowest possible cost. Because they sell a product that is not differentiated at all, insurance companies are then forced to compete on the basis of price – not exactly the best business model.

History has shown that in periods of great economic boom, the insurance business does well. Many insurance companies are started up, and most of them make a profit. However, during economic downturns, the results are often the opposite. Most insurance companies go bankrupt, and ones left behind often operate at a loss. Because of this, many policyholders can be left holding the bag – with no insurance.

The Protective Life Insurance Group of Companies: Do They Protect Well?

The Protective Life Insurance Companies comprise one of the biggest insurance conglomerates in the world today. With over US$ 140 billion worth of insurance in force, it is certainly one of the largest providers of insurance in the world.

The Protective Life Insurance Companies, which we can call Protective Life for short, has some of the highest ratings in the insurance business. Moody’s gives is an Aa3, its 4th highest rating, while Standard and Poor’s gives it an AA ranking, also its 4th ranking. A.M. Best gives Protective Life an A+, its 2nd highest ranking, while Fitch gives it an AA-, which is rank number 4 in its hierarchy of 22.

These rankings, which measure profitability and claims-paying ability, are a testament to the strength of the Protective Life Insurance Companies. Obviously, Protective Life is in no danger of going bankrupt – a must for a company that sells security.

For almost a hundred years, the Protective Life Insurance companies have operated through the spirit of a single motto, “Doing the Right Thing is Smart Business.” In this spirit, the company seeks to build long-term relationships with its customers, which in turn is the engine of stable yet continuous growth.

If you seek a provider of insurance that has few peers in the world today, the Protective Life Group of Companies is a sure bet. Their massive financial resources, combined with their customer orientation, will all conspire to give you the best possible cover at a reasonable price.