Subject: Pacific Life PL Promise Term Reprise April 2022
See how PL Promise stacks up against the competition!
Pacific
Life
Insurance
Company
New
PL
Promise
Term
Pricing
Effective
April 18,
2022
Pacific
Life
recently repriced
PL
Promise
Term
life
insurance
rates
to
be
more
competitive.
Where
We
Shine²
Top 5 for 100% of preferred no-nicotine risk class combinations across all terms for face amounts less than $500K and ages 50 and younger
Top 5 for 99% of preferred no-nicotine risk class combinations across all terms for face amounts less than $500K for all ages
Top 5 for 94% of preferred no-nicotine risk class combinations (Preferred Best, Preferred, Select) across all terms, face amounts, ages, and genders
Top 2 for 100% of preferred no-nicotine risk class combinations for 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
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 3/29/2022 CompuLife: AIG Select-a-Term (ICC21-19311), American National Insurance Company (ANICO) Signature Term (ART18), Banner Life Insurance Company OPTerm (ICC18-OPTC), Equitable Brightlife Term (ICC14-156-LT), Fidelity Rapid Decision Life Term (F4200), John Hancock Protection Term (19TERM), Lincoln LifeElements Level Term (TRM 6063), Lincoln TermAccel Level Term (TRM 6069), MassMutual Haven Term (17DTC), Nationwide Guaranteed Level Term (ICC13-NWLA-490), North American ADDvantage Term (LS174), Protective Classic Choice Term (TL-21), Prudential Term Essential (ICC19 PLTIC-2019), SBLI Term Life Insurance (B-56), Symetra SwiftTerm (ICC20_LC1), Symetra Term 4.0 (ICC16_LC1), Transamerica Trendsetter Super (TL22 0417), United of Omaha Term Life Answers (ICC16L145P). Pacific Life PL Promise Term (ICC16 P16LYT) rates are effective 4/18/2022.
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.
