How about Pacific Life?Evaluation of Pacific Life Insurance Company and Introduction of Insurance Products

Pacific LifeFinancial strength and ratings

Taiping Life Insurance Company owns$ 1910 billionThe company’s assets (2021 data) increased by 20.8% from the previous month.As of 2020, the company has 3815 employees.

insurGuru©️ Insurance Academy provides Pacific Life Insurance Company here2019 financial report和2020 financial report, For investors' reference.

Pacific Life is rated "A" or better by all four top rating agencies, including Standard & Poor's, Fitch, Moody's and AM BEST.In the Comdex composite score in December 2021,Scored 95 points.

The following is a summary of Pacific Life's ratings:

• AM Best – A+
• Fitch/Fitch – AA-
• Moody's – Aa3
• Standard & Poor's – AA-

Pacific Life andCharity

Just like its name and the whale logo, Pacific Life has long supported the research of the Pacific Ocean and its ecosystem, giving protection and assistance in many different aspects.Before its use of the whale icon, Pacific Life had been supporting whale protection in the Pacific and worldwide.

Pacific Life established a community fund in 1985 to serve policyholders and living communities.Since the first investment of $1985 in 300,000, to the annual investment of $625 million in recent years, Pacific Life has invested heavily in social welfare and community participation.

Pacific LifeLife Insurance Product Lines at a Glance

Pacific Life has provided life insurance products since the company was established.It also offers a wide variety of whole life insurance products from the earliest term life insurance to the present as consumers and the market have evolved.Currently Pacific Life Pacific Life offers the following categories of products:

1. Term life insurance
2. Savings Participating Insurance
3. Universal insurance
4. Investment universal insurance
5. Index Universal Insurance

Pacific Life Term Life Insurance

• Pacific PRIME Term
• Pacific Elite Term

Pacific Life Pacific Life has launched two products in the term life insurance market, the traditional PRIME term life insurance (Pacific PRIME Term) provides basic protection and inexpensive premiums for consumers, and the protection time is also selected by consumers.It offers 10-year, 15-year, 20-year and 30-year coverage options to meet consumers' mid- to long-term needs.

Pacific Elite In addition to the above functions, term life insurance mainly provides the function of seamless upgrade to whole life insurance.

Pacific Life Whole Life / Savings dividend whole life insurance 

Pacific Life Insurance offers a PAR-attributed savings-participating whole life insurance product: Flex 16.As a mutual-assistance holding-type asset management institution, if ordinary investors want to buy the "shares" and dividends of participating Pacific Life Insurance Company, the Flex 16 policy is an entry ticket.

In 2022, Pacific Life Insurance stopped selling WholeLife insurance products.

Pacific Life Universal Insurance

This category of life insurance products used to be one of the main market areas of Pacific Life Pacific Life, with a series of products, but after 2022, Pacific Life announced that it would stop some product lines.In addition to investment universal insurance and index universal insurance, Pacific Life currently provides 2 standard universal insurance options, they are:

1. PL Promise GUL
2. Versa-Flex Venture UL
3. Versa-Flex PRO II
4. Pacific Estate Preserver III
5. Pacific PremierCare^® Advantage
6. Pacific PremierCare Advantage^® Multi-Pay

From 2022, Pacific Life Insurance has simplified the universal insurance product line, and the choice of 2 insurance products has made insurance more clear. Versa-Flex Venture UL is a flexible universal insurance savings account product thatPL Promise GUL is a flagship "Guaranteed to keep, a lifetime product dedicated to claims settlement.

Pacific Life Investment Universal Insurance VUL

If you are willing to take market risk in exchange for more potential, then products like investment universal insurance may be suitable for you.Before applying for investment universal insurance, it is best to consult with a licensed securities representative and financial advisor to understand these potential risks and the actual needs of the individual. Pacific Life Pacific Life has consolidated its product line since 2022, providing customers with the following 3 types of investment-type universal insurance product options:

1. Pacific Select VUL 2
2. Pacific Select Harbor VUL 
3. Pacific Admiral VUL

Pacific Life Index Universal Insurance IUL

For those who are not just seeking life insurance protection, Pacific Life also provides a variety of products that are directly linked to mutual funds or stock market indexes. Therefore, policyholders can put in additional cash, or even put in The same amount of funds as the insured amount (please inform the practitioner to understand the regulations of IRS, MEC, etc.).This is a more advanced type of insurance product, but in today's modern society where consumers continue to pursue new products, this type of product is becoming more and more mainstream.

Compared to ordinary universal insurance products, indexed universal insurance products link the cash accumulation component of the policy to a market index (usually the S&P 500) to provide the potential for earnings beyond the base rate (such as a base dividend).

In 2022, Pacific Life will increase its market investment in index insurance and launch two new index insurance products.At present, the index insurance under Pacific Life Insurance Company has 5 different products, they are:

1. Pacific Horizon IUL / Horizon Index Insurance(Product Reviews and User Reviews）
2. Pacific Trident IUL / Trident Index Insurance(Product Reviews and User Reviews）
3. Pacific Indexed Accumulator 6/PIA6(Product Reviews and User Reviews）
4. Pacific Indexed Estate Preserver 3(Product Reviews and User Reviews）
5. Pacific Discovery Xelerator IUL 2 / Pacific PDX IUL 2 (Product Reviews and User Reviews）

From the product name, we can see that different products are tailored for different goals.These goals include the pursuit of high death compensation, the pursuit of maximum cash value accumulation, or tax-free wealth inheritance and estate planning.

Pacific LifePacific PDX IUL 2 (PDX)with Pacific Indexed Accumulator(AIP 6) are the two main insurance products that policyholders choose. The two products have different ways of accumulating cash value and have different additional payment options. You need to learn more about them with professional financial advisors.

After 2022, Pacific Life launchedPacific Horizon IUL(Chinese name:Horizon Index Insurance) and Pacific Trident IUL (Chinese name: Trident Index Insurance) These two new index insurance products are aimed at different market sectors.

And in the optional additional clauses, there are"Guaranteed to continue to guarantee additional terms"It can provide guaranteed compensation for death compensation from 20 years to life.

Pacific Indexed Estate Preserver®️ 3, an index insurance product used in the field of estate planning, can operate in a highly leveraged manner in actual operation to achieve the goal of wealth inheritance.

insurGuru pairPacific LifeComprehensive evaluation of

Pacific LifePacific Life is a company with more than 150 years of history, strong economic strength and financial security.

The insurance business of Pacific Life Insurance Company has maintained a high degree of continuity and specificity. The company focuses on "asset management" and seems to be more like a wealth management group rather than traditional "insurance protection."This may be a difference between Pacific Life Insurance Company and other protection insurance companies.

Over the past 10 years, Pacific Life has consistently led the market in sales volume, was the first insurer to invent and introduce the "Revenue Amplification Multiplier" function, and led innovation in the index insurance industry.Pacific Life Insurance CompanyIts IUL index-based insurance products ranked first in terms of market sales in multiple quarters from 2016 to 2019 (Report).

Pacific LifeThere's a lot to like about Pacific Life and its insurance products, and some of its whole life insurance products may be an option for sophisticated investors.If you identify with the brand and understand product performance and asset management strength, Pacific Life Pacific Life Insurance may be the best choice for you.