Protective Life Insurance Company has filed a new form in Florida introducing a persistency interest endorsement for its flexible premium adjustable life insurance policies.

The filing adds a Persistency Interest Endorsement to newly issued universal life policies, providing eligible policyholders with an interest bonus tied to long-term policy retention. Policies that remain in force beyond five years may receive a 0.25% increase to the credited interest rate starting in policy year six, with an additional 0.25% increase beginning in policy year eleven. The bonus applies only to un-loaned policy values and is credited after monthly deductions are processed.

Eligibility depends on overall portfolio performance, including investment earnings, mortality, expenses, and persistency experience meeting or exceeding the company’s original assumptions. While the persistency interest is not guaranteed, any bonus credited becomes non-forfeitable once applied.

The endorsement will be attached to Protective’s previously approved Florida universal life policy forms, carries no separate charge, and is intended for use upon approval. Distribution will continue through independent agents and brokers.