Pacific Life Bulletin - A Communication from the Life Division
Pacific Life Insurance Company
Date:
August 31, 2023
To:
Broker General Agencies, Management, Office Administrators, and Technical Staff
Subject:
Now, Better Pricing for PL Promise Term Life Insurance RepriceEffective September 5, 2023
Category:
Product
Now, Better Pricing for PL Promise Term Life Insurance
Effective September 5, 2023, Pacific Life Insurance Company is rolling out new pricing for PL Promise Term1 level premium life insurance—a product designed to offer affordable death benefit protection to consumers with household incomes of $50,000-$250,000 and business owners needing short-term flexible coverage.
Rates have been updated to increase competitiveness across all combinations of terms, risk classes, gender, and issue ages with a focus on lower premiums at $3 million of coverage and above.
A 60-day transition period is provided.
Our commitment to providing affordable life insurance coverage for everyday consumers remains strong. View full bulletin for pricing sweet spots and other details.
1 PL Promise Term level premium term life insurance (Policy Form #P16LYT or ICC16 P16LYT and S16LYT10, S16LYT15, S16LYT20, S16LYT25, or S16LYT30, based on level premium period chosen and state of policy issue).
This email may be considered advertising under applicable law.
For Financial Professional use only. Not for use with the public.
Pacific Life is a product provider. It is not a fiduciary and therefore does not give advice or make recommendations regarding insurance or investment products.
Pacific Life Insurance Company is licensed to issue insurance products in all states except New York. Product/material availability and features may vary by state.
Insurance products and their guarantees, including optional benefits and any crediting rates, are backed by the financial strength and claims-paying ability of the issuing insurance company. Look to the strength of the life insurance company with regard to such guarantees as these guarantees are not backed by the broker-dealer, insurance agency, or their affiliates from which products are purchased. Neither these entities nor their representatives make any representation or assurance regarding the claims-paying ability of the life insurance company.
Pacific Life Insurance Company’s Home Office is located in Newport Beach, CA.
23-VER-87
BT-52928-00 08/23
This email was sent by Pacific Life - Broad Market from 700 Newport Center Drive, Newport Beach, CA 92660 United States.
