Enhancements to Pacific Life's Underwriting Requirements

Date:		April 29, 2020
To:		Broker General Agencies, Life Insurance Producers, Office Administrators, and Technical Staff
Subject:		Enhancements to Pacific Life's Underwriting Requirements
Category:		Administration

Effective May 1, 2020, Pacific Life Insurance Company is making changes to our underwriting requirements in order to streamline our process and improve our speed of service.

Age and Amount Guidelines: Updating age and amount requirements to better align with industry standards
Examiner’s Report: Eliminating the requirement to provide examiner’s reports
Supplemental Health Questionnaires: Introducing new supplemental health questionnaires for certain conditions to reduce Attending Physician Statements (APSs)

Note: These underwriting changes are unrelated to COVID-19. Temporary underwriting changes as a result of COVID-19 still remain in place. Refer to April 7, 2020 bulletin link for details.

Please click button below for more detailed information on these enhancements including a link to the updated Underwriting Guidelines brochure.

View Full Bulletin (PDF)

The primary purpose of life insurance is to protect the policy beneficiaries from the adverse financial consequences of the insured’s death.

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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.

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

Pacific Life Insurance Company’s Home Office is located in Newport Beach, CA.