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Protective

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.

Life Insurance by Protective Life Join thousands of other Costco members already protected with term life insurance.
Questions? Give us a call. 1-844-737-5433

5 Reasons You Need Life Insurance

Common factors to consider while evaluating your coverage amount options:

  • Income replacement
  • Mortgage payment
  • Children's college tuition
  • Care for elderly parents
  • 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

The information you provide is being submitted to Protective Life Insurance Company not to Costco. Protective Life will treat the information in accordance with its Privacy Policy. .

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.

Not Sure How Much Coverage You Need?

Protective Life is here to help.

Calculate Your Needs

Questions? Give us call:

1-844-737-5433

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.

  • 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.

  • Underwriting Review

    Protective Life will review the information on your application, including the results of your medical exam.2

  • 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.

Protective Life: The Smart Choice to Help Protect Your Loved Ones

Costco chose Protective Life as its exclusive life insurance provider because they deliver policies at the quality and value Costco members have come to expect.

For over a century, Protective Life has provided quality, dependable and flexible life insurance policies. Protective Life understands your needs and can help ensure future coverage to fit your budget today.

Serving families across the U.S. for more than 100 years

Protective Live:

  • Founded in 1907, has been providing life insurance to Costco members since 2014.
  • Is focused on helping more people achieve protection and security in their lives. To date that number is over 12 million and it continues to grow.
  • Services more than 11.7 million contracts and policies.
  • Has paid out $5.7 billion in claims to fulfill the promises made to our customers and their loved ones.

Protective Life is Here to Answer Your Questions

Questions? Give us a call:
Monday – Thursday: 8 a.m. to 7 p.m. Eastern Time — Friday: 8 a.m. to 6 p.m. Eastern Time

1-844-737-5433

Remember Services

Business Health Insurance*

Looking for employee health insurance? Licensed professionals from CBC can help you find benefit plans that fit your employees’ needs.

Costco Auto Program

Enjoy a convenient, hassle-free way to purchase a vehicle at a prearranged price through participating Approved Dealers.

Pet Insurance*

Help protect your pet with quality, affordable pet insurance through Figo, so you can play more and worry less about unexpected vet bills.

Personalized Photo Products

Feel inspired to create a wide range of customizable cards, photo prints, photo books, home decor and gifts from Shutterfly at great prices.

Be sure to check out the guide for more about Costco Services.

View the Guide
Acceptance for coverage and pricing is subject to eligibility and underwriting criteria. Member Advantage Life® (ICC20-TL21R/TL-21R), is a term life insurance policy issued exclusively to Costco members by Protective Life Insurance Company (PLICO), Nashville, TN. Not available in New York. Policy form numbers, product features and availability may vary by state. Consult policy for benefits, riders, limitations, and exclusions. Coverage and pricing is subject to eligibility and underwriting criteria. Up to a two-year contestable and suicide period. Benefits adjusted for misstatements of age or sex. Any quote that is present is only an estimate and the actual premium and rate class will be determined after the underwriting process is completed. Costco Insurance Agency, Inc. and Costco Wholesale do not issue, underwrite insurance or pay claims under PLICO policies. Insurance is underwritten by PLICO. 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.675001.08.23) 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), Nashville, TN. 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.