Protective Life
Protective Life Corporation is a large insurance company based in Birmingham, Alabama, specializing in life insurance, annuities, and asset protection. Founded over 110 years ago, it operates a robust virtual workforce and supports community initiatives while managing $118 billion in assets as of December 31, 2023.
Company Overview
Protective Life Corporation operates in the insurance industry, focusing on life insurance, annuities, and asset protection. The company has a team size of 3,228 employees and is classified as a very large enterprise. Protective Life is headquartered in Birmingham, Alabama, with additional office locations in Greater Cincinnati and St. Louis. The company is a subsidiary of Dai-ichi Life Holdings, Inc. and has been in operation for over 110 years.
Insurance Products
Protective Life offers a diverse range of life insurance products, including term life, whole life, and universal life insurance. The company also provides retirement solutions through various annuities, such as fixed, immediate, indexed, and variable annuities. Additionally, Protective Life offers asset protection plans, commercial mortgages, and structured settlements, catering to a wide array of financial needs.
Corporate Sustainability Initiatives
Protective Life emphasizes corporate sustainability through initiatives focused on business practices, employee engagement, and community involvement. The company actively participates in community sponsorships and partnerships, including collaborations with local sports teams and events. This commitment to sustainability reflects the company's mission to enhance the sense of protection and security for its clients.
Financial Strength and Resources
As of December 31, 2023, Protective Life Corporation holds $118 billion in assets, showcasing its financial strength. The company receives ratings from major agencies such as A.M. Best, S&P Global Ratings, Fitch, and Moody's. Protective Life also provides online tools and resources for budgeting and financial planning, along with educational materials on life insurance, retirement planning, and financial management through its learning center.
Workforce and Operations
Protective Life supports a robust virtual workforce alongside its core office sites in Birmingham, Greater Cincinnati, and St. Louis. This operational structure allows the company to maintain efficiency and flexibility in its services. The combination of in-person and virtual work environments enables Protective Life to effectively serve its clients while adapting to changing market demands.