Who We Serve
highly compensated employees
A Smarter Way to Reward & Retain Top Talent
You and your fellow highly compensated employees are some of your company’s greatest assets — yet traditional group life insurance often falls short of meeting your needs.
Protective’s EUL and E10 carve-out plans provide highly compensated employees with tailored life insurance solutions that strengthen retention and attraction.
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No Cost to you
Employer-paid benefit.
D&E provides all administrative work
Easy online enrollment and ongoing support.
Living Benefits ($10,000/mo) For Chronic Illness
The ExtendCare Rider (EUL only) accelerates the death benefit for the
loss of two Activities of Daily Living or Severe Cognitive Impairment.
Higher Death Benefit Limits
Up to $5M+ per employee (far exceeding traditional group life insurance).
Pricing
Depending upon demographics, EUL pricing is generally 18% – 25%
lower and E10 pricing is generally 10% – 30% lower than other carve-out
competitors.
No Automatic Benefit Reductions with Age, unlike group life insurance
Coverage can be maintained to age 121 (EUL only); insurer cannot terminate coverage unless premium is not paid.
Strengthens Compensation Packages
A competitive edge in attracting and retaining top talent.
Supports Business Continuity
Also ideal solution for key person insurance or buy-sell agreements.
Client Success Story
A large law firm recently implemented our Protective Executive UL (EUL) plan, significantly improving leadership retention and matching peer death benefit levels. They included the ExtendCare Rider to further set them apart from their peers.
Product
Protective® Executive UL
Industry
Law Firm (Partners)
Number of insured lives
200
Client Firm Goal
Upgrade to Peer Death Benefit Level; Add ExtendCare Rider
Plan Design
Flat $3,000,000
Premium Year 1
$585,000
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Ready to Make an Impact?
We’ll work with your current insurance advisor and HR team to provide them with the tools they need to enhance executive benefits.
