See how PL Promise stacks up against the competition!
Pacific
Life
Insurance
Company
New
PL
Promise
Term
Pricing
Effective
September
27,
2021
Pacific
Life
recently repriced
PL
Promise
Term
life
insurance
rates
to
be
more
competitive.
Where
We
Shine²
Top
3
for
98%
of
preferred
no
nicotine
risk
classes
(Preferred
Best,
Preferred,
Select)
across
all
terms,
faces,
ages,
and
genders
Top
3
for
98%
of
all
Preferred
No
Nicotine
risk
class
combinations
for
25-
and
30-year
terms
Top
3
for
100%
of
Preferred
No
Nicotine
rate
class
combinations
for
face
amounts
less
than
$100K
Top
3
for
majority
of
combinations,
including
88%
of
all
No
Nicotine
rate
class
combinations
across
all
terms,
face
amounts,
ages,
and
genders
and
100%
for
$500K
face
or
higher
and
ages
45
and
older
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
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
As
applicable,
comparisons
based
on
quinquennial
ages
from
20
through
80
for
term
periods
10,
15,
20,
25,
30;
all
5
face
bands
from
$50K+;
all
6
risk
classes
(Preferred
Best
No
Nicotine,
Preferred
No
Nicotine,
Select
No
Nicotine,
Standard
No
Nicotine,
Preferred
Nicotine
Use
and
Standard
Nicotine
Use);
and
both
annual
and
monthly
payment
modes.
Competitive
Positioning
of
non-affiliated
companies
as
of
9/9/2021
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),
John
Hancock
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),
Protective
Classic
Choice
Term
(UL-22),
Prudential
Term
Essential
(PLTIC-2016),
Symetra
SwiftTerm
(ICC20_LC1),
Symetra
Term
4.0
(ICC16_LC1),
Transamerica
Trendsetter
Super
(TL22
0417),
United
of
Omaha
Term
Life
Answers
(6181L-0696).
Pacific
Life
PL
Promise
Term
(ICC16
P16LYT)
rates
are
effective
9/27/2021.
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.
The
company(ies)
reference
above,
and
its
associates,
are
not
affiliated
with
Pacific
Life.
Pacific
Life
offers
its
product
through
independent
third-party
life
insurance
producers
who
may
be
appointed
with
multiple
insurance
carriers,
which
may
include
Pacific
Life.
Pacific
Life
Insurance
Company's
Home
Office
is
located
in
Newport
Beach,
California.
