Q. I checked the term life offering from Costco, it looks pretty good. Is there any trick with it?
A. Costco partners with Protective and offers competitive term life rates to Costco members. However, there are a few things you need to be aware of:
1) Only 10 and 20-year Terms. If you want other terms, such as 15 years, 25 years, or 30 years term, they are not available.
2) Not available in every state. For example, if you are a resident of New York state, you can not find a quote from the Costco/Protective offer, because New York state's life insurance regulation is very stringent and many providers opt out of that state.
3) The best rate requires Costco Executive membership. If you are a Costco executive member, you will find the Protective offer is very competitive, at least a lot better than regular member's rates.
4) Not the best 20-year term rate. Unfortunately Protective does not have the best 20-year term rates, we can find AM Best A+ rated insurance carrier with better rate than the rate you can find from Costco, even you are Costco Executive member!
Please contact us if you want to shop Term Life offerings, we can guarantee you the best rate from a reputable carrier!
A. Costco partners with Protective and offers competitive term life rates to Costco members. However, there are a few things you need to be aware of:
1) Only 10 and 20-year Terms. If you want other terms, such as 15 years, 25 years, or 30 years term, they are not available.
2) Not available in every state. For example, if you are a resident of New York state, you can not find a quote from the Costco/Protective offer, because New York state's life insurance regulation is very stringent and many providers opt out of that state.
3) The best rate requires Costco Executive membership. If you are a Costco executive member, you will find the Protective offer is very competitive, at least a lot better than regular member's rates.
4) Not the best 20-year term rate. Unfortunately Protective does not have the best 20-year term rates, we can find AM Best A+ rated insurance carrier with better rate than the rate you can find from Costco, even you are Costco Executive member!
Please contact us if you want to shop Term Life offerings, we can guarantee you the best rate from a reputable carrier!
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