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Pacific Life Launches New Flagship Indexed Universal Life Insurance ProductPacific Life Insurance Company announced today that it has introduced a new flagship indexed universal life (IUL) insurance product, aimed at affluent clients who need competitively priced life insurance protection and significant flexibility in their retirement and estate plans. "Pacific Horizon IUL 2 is an evolutionary product, built on the most successful product features of Pacific Life's past IUL products," says Dawn Behnke, executive vice president, consumer markets business, Pacific Life. "With a variety of choices, Pacific Horizon IUL 2 provides financial professionals2 with the versatility to help meet their clients' legacy, income, and business planning needs, with the simplicity of having it all within one product." Product highlights:
With a tax-free7 death benefit and tax-free8 distributions to help supplement retirement income, Pacific Horizon IUL 2 can help address a lifetime of needs. "IUL products like Pacific Horizon IUL 2 can help clients worried about having enough money to last throughout retirement by providing both death benefit coverage and cash value growth potential," says John Church, assistant vice president, product marketing, consumer markets business, Pacific Life. "And for more affluent clients who may have different needs, this product can help prioritize tax efficiency, preserve a fulfilling legacy for their heirs, address business needs, and plan for future expenses." About Pacific Life Pacific Life provides a variety of products and services designed to help individuals and businesses in the retail, institutional, workforce benefits, and reinsurance markets achieve financial security. Whether your goal is to protect loved ones or grow your assets for retirement, Pacific Life offers innovative life insurance and annuity solutions, as well as mutual funds, that provide value and financial security for current and future generations. Suporting our policyholders for more than 150 years, Pacific Life is a Fortune 500 company headquartered in Newport Beach, California. For additional company information, including current financial strength ratings, visit www.PacificLife.com. Footnotes:
1Pacific Horizon IUL 2 (form series P21IUL, S23HZN2-B, S23HZN2-E, or S23HZN2-L, varies based on coverage design option and state of policy issue).
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. 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. 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, but they do not protect the value of the variable investment options. 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, its affiliates, their distributors and respective representatives do not provide tax, accounting or legal advice. Any taxpayer should seek advice based on the taxpayer's particular circumstances from an independent tax advisor or attorney. The primary purpose of life insurance is to provide death benefit protection in the event of the insured's death. Indexed universal life insurance does not directly participate in any stock or equity investments. Riders will likely incur additional charges and are subject to availability, restrictions and limitations. When considering a rider, request a policy illustration from your life insurance producer to see the rider's impact on your policy's values. This material reflects the Pacific Life Insurance Company policy features and benefits. All policy features and benefits may not be available through some Broker Dealers. Life insurance is subject to underwriting and approval of the application and will incur monthly policy charges. The home office for Pacific Life Insurance Company is located in Omaha, Nebraska.
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