Founded in 1868, Pacific Life offers a variety of life insurance products. It is a trusted company. It has earned high financial strength ratings and was named one of the Ethisphere Institute’s 2019 World’s Most Ethical Companies ®.
Pacific Life Insurance earned some of the highest financial strength ratings in the industry. These high ratings indicate its ability to meet its claims obligations, which offers its clients piece of mind when purchasing life insurance.
Pacific Life offers the following:
With so many options, life insurance shoppers can find the policy that best suits their needs.
Pacific Life’s term policies come with set period lengths and set premiums for the duration of the term.
Its whole life policies have set premiums and grow cash value at a set interest rate.
Like its whole life policies, Pacific Life’s universal policies accumulate cash value. However, universal life policies offer more flexibility and investment options to grow cash value. These options vary depending on the kind of universal life insurance purchased. Indexed universal life policies accrue cash value based on stock indexes. Variable universal life has a selection of variable investment options.
Clients can add riders to Pacific Life’s universal life insurance policies. Adding a rider can also increase the premium because it offers additional coverage. For more information on available riders, interested individuals should reach out to Pacific Life directly.
Pacific Life’s indexed universal life policies only grow cash value, which means that the value is not hurt by stock market fluctuations.
With its variable universal life insurance policies, Pacific Life offers clients the option to choose a guaranteed minimum interest rate.
Long-term care benefits can be included with some policies. Policies with long-term care benefits have some limitations, so read the policy thoroughly to be sure you understand the limitations and terms.
The availability of Pacific Life insurance products varies by state. For example, Pacific Life’s does not offer whole, universal, indexed universal, or variable universal life insurance in New York.
Fortunately, it is easy to see what products are available in your state on Pacific Life’s website.
Stephanie Orem, UT
1 year ago