Date:		September 4, 2020
To:		Broker General Agencies, Life Insurance Producers, Office Administrators, and Technical Staff
Subject:		New Rates for PL Promise Term Life Insurance Effective September 7, 2020
Category:		Product

New Rates for PL Promise Term Life Insurance

On September 7, 2020, Pacific Life Insurance Company is adjusting rates for PL Promise Term,¹ a product specifically designed to serve the death benefit protection needs of the broad market consumer (household incomes of $50K to $250K).

For this reprice, new rates may be higher or lower than the old rates. Rates have been refreshed to increase consistency for solid competitiveness across all combinations of terms, risk classes, male/female, and issue ages. A 60-day transition period is provided.

Our commitment to providing affordable life insurance coverage for everyday consumers remains strong. View full bulletin for details.

View Full Bulletin (PDF)

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.

Life insurance is subject to underwriting and approval of application.

For Financial Professional use only. Not for use with the public.

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.

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.

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