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Pacific Life

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LAST UPDATED: June 28th, 2019

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 ®.


The Good

  • High Financial Strength Ratings
  • Life Insurance Options

High Financial Strength Ratings

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.

Life Insurance Options

Pacific Life offers the following:

  • Term life insurance
  • Whole life insurance
  • Universal life insurance
  • Indexed universal life insurance
  • Variable universal life insurance

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 Bad

  • Availability May Vary by State

Availability May Vary by State

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.


The Bottom Line

Pacific Life is a trusted life insurance provider. It has a lot of industry experience and high financial strength ratings, which makes it a trustworthy choice.

Pacific Life offers a wide variety of life insurance products across the United States. This range of options makes it easy for people to find the policy that best meets their needs.


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Stephanie Orem, UT

Our life insurance policy through Pacific Life has been wonderful. For the little amount of money we pay we can know that we are taken care of heaven forbid something were to happen. I would recommend them to anyone.

5 years ago