As of April 16, 2018, PL Promise Term life insurance just got more competitive. Check out our new premiums, plus other great news. You can rely on Pacific Life to deliver consistent, competitive pricing and automated, simple solutions.
• Premium decreases focused on achieving top 3 premium ranking in the following areas:
– 25-year term duration
– Select risk class
– Applicants age 50-69, any risk class, leveraging our new PL Smooth Sailing fluidless underwriting program
• Continued competitive strengths in the following areas:
– Competitive Substandard pricing (+20% per table vs. the traditional +25%)
– Competitive Monthly Premium mode (monthly premiums)
The new PL Promise Term rates go into effect beginning April 16, 2018. A 60-day transition period from April 16, 2018 through June 14, 2018 is provided. A request to use the lower rates is not required and any premium received with an application using the higher rate will automatically be refunded.