Exclusive Term Life Insurance for Costco Members
Life insurance helps provide security for your loved ones when they need it most. Get life insurance protection with an easy-to-understand policy, at a Costco member-only value.
5 Reasons You Need Life Insurance
Common factors to consider while evaluating your coverage amount options:
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Income replacement
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Mortgage payment
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Children's college tuition
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Care for elderly parents
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Payment of debt
Term life insurance is generally very affordable, and the cost may be less than you think. Remember, the cost of life insurance increases as we age and as our health changes, so your coverage will never be less expensive than it is today.
Get a Personalized Quote
If you have questions, call us:
1-844-737-5433
Life Insurance Designed Exclusively for Costco Members
Get competitive rates for up to 30 years. Plan features include:
Cancel Anytime
Cancel your policy at any time at no charge.
Member Savings
Enjoy additional savings for Executive Members. Terms and conditions apply.
Apply Online or by Phone
Experience a simple, streamlined online application process. Subject to eligibility and underwriting.
Pay With Ease
Multiple payment options available, including using your Costco Anywhere Visa® Card by Citi.
Another Valuable Feature to Help You Get Started
With a Member Advantage Life® term life insurance policy, Protective Life offers a low annual premium amount during the first five policy years. It then modestly increases in year six and remains level for the duration of the benefit period you selected.1
Flexibility for You and Your Family
Protective Life knows that pricing is key, but flexibility is also
important. You may choose the amount of coverage you want with an initial
term period of either 10, 20 or 30 years.
From
$100,000 – $5 Million
Protective can help with peace of mind at a level that suits your needs.
A Simple, Streamlined Application Process
Getting a quote is the first step in our straightforward process. Next, you’ll enter your Costco membership number for verification. Then start the application process online or over the phone.
Questions? Give us a call:
1-844-737-5433-
Submit Your Application
Whether you apply online or by phone, an important part of your life insurance application involves answering questions related to your health and medical history, and may also include the need for confidential information. The phone interview can take 20 or more minutes to complete.
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Medical Examination (If Required)
For some qualifying applicants, a medical exam may not be required.2 If a medical exam is required, the applicant will be notified. An insurance paramedical exam includes a measurement of height, weight and blood pressure, and a sample of blood and urine to send to the lab for analysis. Additional tests may be required depending on the insured’s age.
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Underwriting Review
Protective Life will review the information on your application, including the results of your medical exam.2
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Finalize Your Policy
Once your application and underwriting are complete, Protective Life will notify you. You’ll receive all documentation electronically – file it away with your other important documents and notify your beneficiaries.
Please keep in mind that medical records or additional underwriting requirements may be required, depending on your medical history and exam results. This process generally takes a few weeks.
Remember Services
Costco Insurance Agency, Inc. (CIA), a licensed insurance agent, may receive compensation from PLICO and/or its affiliates. CIA and its affiliates do not guarantee the services of any insurance company. PLICO and its affiliates are separate, independent of and distinct from CIA. CIA is not responsible for the financial condition or obligations of PLICO. The California license number for Protective is 07726. The California license number for Costco Insurance Agency is 0D08407. The Arkansas license number for Costco Insurance Agency is 100115847. (CD.5876115.01.25)
Protective refers to Protective Life Insurance Company, Omaha, NE. Services are provided to Costco members by third parties. Plans and insurance services are offered by licensed third party providers and made available through Costco Insurance Agency, Inc., a licensed agent. Costco Insurance Agency, Inc. is not licensed in New York state. Insurance products are not obtained through the Costco Insurance Agency in New York. Costco Insurance Agency, Inc.’s California license number is 0D08407. Costco Wholesale, Costco Insurance Agency, Inc. and its subsidiaries do not underwrite insurance, pay claims or guarantee any of the products or services offered by third parties. Specific products, features, rates and discounts may vary and may not be available in all states in accordance with state filings and applicable law. 1Member Advantage Life® (ICC20-TL21R/TL-21R) is a term life insurance policy issued exclusively to Costco members by Protective Life Insurance Company (PLICO), Omaha, NE. Not available in New York. The guaranteed premium will increase in policy year 6 and then remain level for the remaining level period (5, 15 or 25 more years) and after the full level period (10, 20 or 30 years) the premiums will increase annually immediately following the full level period. See Protective.com/Costco for additional terms and conditions. In California, the license for Protective is 07726 and the license for Costco Insurance Agency, Inc. is 0D08407. 2Coverage amounts and accelerated application processing may be available to applicants from ages 18 - 45 for up to $1,000,000 and 46 - 60 for up to $500,000 of coverage that meet certain risk and eligibility requirements of Protective Life. Full medical underwriting may be required for applicants that do not meet Protective’s accelerated eligibility criteria.