Costco offers member only term life insurance through Protective Life in 2026. Explore coverage periods, eligibility requirements, underwriting, policy features, benefit amounts, application considerations, exclusions, renewal terms, and important policy details to review when researching term life insurance options available through Costco membership.
Costco now offers life insurance plans to members in 2026 through a member only term life insurance program provided by Protective Life Insurance Company. The program offers term periods of 10, 20, or 30 years, with eligibility and coverage subject to underwriting requirements. Costco members can review information about coverage amounts, policy terms, payment options, and membership related features. The actual insurance policy is issued and underwritten by Protective Life rather than Costco itself. Availability and policy provisions can vary by state, and some locations may have restrictions. Before considering a life insurance policy, it is useful to review the coverage period, exclusions, underwriting requirements, premium structure, and policy documents carefully.
Costco now offers life insurance plans to members in 2026 through a term life insurance program provided by Protective Life Insurance Company. Costco's current information identifies Protective Life as the exclusive provider for the member program, while Costco Insurance Agency and Costco Wholesale do not underwrite the policies or pay claims.
The program is based on term life insurance, meaning coverage applies for a selected period rather than indefinitely. Costco currently lists 10, 20, and 30 year term options. Coverage is subject to eligibility and underwriting criteria.
Important details include:
One important point is the difference between Costco and the actual insurance provider. Protective Life Insurance Company issues and underwrites the Member Advantage Life term policy. Costco's role is associated with making the insurance program available to its members.
When researching the policy, check:
The amount of life insurance coverage needed can depend on personal financial circumstances. Costco's information identifies considerations such as income replacement, mortgage payments, education expenses, care for family members, and outstanding debt.
A coverage review can consider:
Applying for coverage does not automatically mean that a policy will be issued. Costco states that acceptance and pricing are subject to eligibility and underwriting criteria. The application can include questions about health and medical history.
Applicants may need to provide:
The life insurance program is specifically available to Costco members. Costco's current information also indicates additional savings for Executive Members, subject to terms and conditions.
Members should verify:
The current Member Advantage Life information explains that the premium structure can change after the initial five policy years and then remain level for the selected level period, depending on the policy. After the full level period, premiums can increase annually.
Before accepting coverage, review:
Life insurance involves long-term financial considerations, so reading the actual policy documents is important. Product features, availability, and policy forms can vary by state. Costco also notes that the product is not available in New York.
Review: