Protective Life
Encyclopedia
Protective Life Corporation, headquartered in Birmingham
, Alabama
, is a Fortune 1000
holding company whose subsidiaries provide financial services through the production, distribution, and administration of insurance and investment products. Protective Life Insurance Company was founded in 1907 by former Alabama
Governor
William Dorsey Jelks in Birmingham
. From around 1920 to 1940, Protective Life pursued a rapid expansion policy. When William J. Rushton, III assumed the role of CEO in 1969, Protective Life was already a regional provider throughout large portions of the South
. In an attempt to grow the company, William J. Rushton, III pushed for an ambitious plan to introduce Protective Life into all 50 U.S. states. Today, the 100-year old company is one of the USA's leading providers of life insurance
. As of 2009, Protective Life had insurance in force of approximately $445 billion.
Protective Life is also the parent company of United Investors Life Insurance Company
and a brokerage subsidiary, West Coast Life. The company has its headquarters in Birmingham along with its Protective brokerage office. The division also has a large office in San Francisco, California
.
Birmingham, Alabama
Birmingham is the largest city in Alabama. The city is the county seat of Jefferson County. According to the 2010 United States Census, Birmingham had a population of 212,237. The Birmingham-Hoover Metropolitan Area, in estimate by the U.S...
, Alabama
Alabama
Alabama is a state located in the southeastern region of the United States. It is bordered by Tennessee to the north, Georgia to the east, Florida and the Gulf of Mexico to the south, and Mississippi to the west. Alabama ranks 30th in total land area and ranks second in the size of its inland...
, is a Fortune 1000
Fortune 1000
Fortune 1000 is a reference to a list maintained by the American business magazine Fortune. The list is of the 1000 largest American companies, ranked on revenues alone...
holding company whose subsidiaries provide financial services through the production, distribution, and administration of insurance and investment products. Protective Life Insurance Company was founded in 1907 by former Alabama
Alabama
Alabama is a state located in the southeastern region of the United States. It is bordered by Tennessee to the north, Georgia to the east, Florida and the Gulf of Mexico to the south, and Mississippi to the west. Alabama ranks 30th in total land area and ranks second in the size of its inland...
Governor
Governor
A governor is a governing official, usually the executive of a non-sovereign level of government, ranking under the head of state...
William Dorsey Jelks in Birmingham
Birmingham, Alabama
Birmingham is the largest city in Alabama. The city is the county seat of Jefferson County. According to the 2010 United States Census, Birmingham had a population of 212,237. The Birmingham-Hoover Metropolitan Area, in estimate by the U.S...
. From around 1920 to 1940, Protective Life pursued a rapid expansion policy. When William J. Rushton, III assumed the role of CEO in 1969, Protective Life was already a regional provider throughout large portions of the South
South
South is a noun, adjective, or adverb indicating direction or geography.South is one of the four cardinal directions or compass points. It is the opposite of north and is perpendicular to east and west.By convention, the bottom side of a map is south....
. In an attempt to grow the company, William J. Rushton, III pushed for an ambitious plan to introduce Protective Life into all 50 U.S. states. Today, the 100-year old company is one of the USA's leading providers of life insurance
Life insurance
Life insurance is a contract between an insurance policy holder and an insurer, where the insurer promises to pay a designated beneficiary a sum of money upon the death of the insured person. Depending on the contract, other events such as terminal illness or critical illness may also trigger...
. As of 2009, Protective Life had insurance in force of approximately $445 billion.
Protective Life is also the parent company of United Investors Life Insurance Company
United Investors Life Insurance Company
United Investors Life Insurance Company , based in Birmingham, Alabama, provides individual life insurance and annuity products. United Investors was founded in 1961. UILIC has more than $14 billion of insurance in force . There are more than 150,000 polices in force and more than 1,400 licensed...
and a brokerage subsidiary, West Coast Life. The company has its headquarters in Birmingham along with its Protective brokerage office. The division also has a large office in San Francisco, California
California
California is a state located on the West Coast of the United States. It is by far the most populous U.S. state, and the third-largest by land area...
.