Pacific Life
Pacific Life Insurance Company

New PL Promise Term Pricing

Effective July 9, 2021

Pacific Life recently repriced PL Promise Term life insurance rates to be more competitive.

Where We Shine²

  • Top 3 for 100% of annual mode Preferred Best No Nicotine and Preferred No Nicotine combinations
  • Top 3 for 96.0% of preferred no-nicotine rate class combinations (Preferred Best No Nicotine, Preferred No Nicotine, Select No Nicotine)
  • Top 3 for 94.9% of 25-year term combinations
  • Top 2 for 100% of face amounts less than $100k

More Reasons To Love PL Promise Term

With Pacific Life, you can offer your clients affordable death benefit protection and value-added features to help you build a sustainable term life insurance business.
Up to $2 Million Accelerated and Fluidless Underwriting
Time-Saving eCapabilities
Strong Brand Power
Competitive Conversion Product³
Flexible Policy Riders⁴

See How We Compare


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1 PL Promise Term is 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.

2 Competitive Positioning of non-affiliated companies as of 6/16/2021 CompuLife: AIG Select-a-Term (16901), American National Insurance Company (ANICO) Signature Term (ART12), Banner Life Insurance Company OPTerm (ICC18-OPTC), Equitable Brightlife Term (156-LT), Fidelity RAPIDecision Life (F4225), John Hancock Insurance Company Protection Term (TL22), Lincoln LifeElements Level Term (TRM6063), Lincoln TermAccel Level Term (TRM6069), MassMutual Haven Term (17DTC), Nationwide Guaranteed Level Term (NWLA-490), North American ADDvantage Term (LS174), North American Classic Term (LS188), Principal Term (SN/SN 89), Protective Classic Choice Term (UL-22), Pruco Life Insurance Company (Prudential) Term Essential (PLTIC-2016), The Savings Bank Life Insurance Company of Massachusetts (SBLI) Level Term (P-LT), United of Omaha Term Life Answers (6181L-0696). Pacific Life PL Promise Term (ICC16 P16LYT) rates are effective 7/9/2021. Comparisons based on quinquennial ages from 20 through 80 as applicable for term periods 10, 15, 20, 25, 30; all face bands from $50k+; all 6 risk classes.

3 PL Promise Conversion UL Universal Life Insurance with No-Lapse Guarantee available upon conversion from PL Promise Term Life Insurance. Policy Form #P17LYCUL or ICC17 P17LYCUL, based on state of policy issue. There are circumstances in which converting the client’s existing life insurance or annuity can benefit the client. As a life insurance producer it is your responsibility to provide your client with detailed information as to how a conversion may affect the client’s plan of insurance. Clients should be advised to make a careful comparison of the costs and benefits of the existing policy and the proposed policy to determine whether conversion is the right decision for the client.

4 Rider will incur additional charges and is subject to availability, restrictions, and limitations. Clients should be shown policy quotes with and without riders to help show the rider’s impact on the policy’s value. Accelerated Death Benefit Rider (form # R16LYTIR or ICC16 R16LYTIR), Waiver of Premium Rider (form #R16LYPW or ICC16 R16LYPW), and Children’s Level Term Insurance Rider (form #R18LYCT or ICC18 R18LYCT). Rider form #s based on rider and state of policy issue.
The primary purpose of life insurance is to protect the policy beneficiaries from the adverse financial consequences of the insured’s death.

This material is intended for Financial Professional use only. Not for public distribution. 

This email may be considered advertising under applicable law.

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.

Life insurance is subject to underwriting and approval of the application and may incur monthly policy charges.

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, California.
EM-50920-00  7/21
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