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When you shop for life insurance through Quotacy, you have access to the country’s top-rated life insurance companies. Is Pacific Life the right term life insurance company for you? In this video, we review Pacific Life to help you make an informed buying decision.

Video Transcript

Hey everyone we’re Jeanna and Natasha and we work at Quotacy.

Quotacy is an independent life insurance broker this means we have the ability to sell policies from multiple life insurance companies giving you more options.

Today we’re going to give a review of Pacific Life one of the life insurance companies we work with. Pacific Life is an American company headquartered in Newport Beach, California and has been around since 1868.

Overall, Pacific Life is a great company that excels at insuring people actively serving in the military. We also love their corporate giving program that helps to protect oceans and marine life.

Quotacy only works with top-rated life insurance companies which means they are A rated or better and Pacific Life is no exception. Being A rated or better means the company is financially secure so you won’t have to worry about your policy’s death benefit not being paid.

To stand out in the competitive life insurance industry, some companies cater to different health or lifestyle niches. Pacific Life is excellent for active military members and foreign travel. This means that while some companies may see these particular factors as higher risk than normal Pacific Life is a bit more lenient.

Pacific Life is an Excellent Choice for:

  • Applicants actively serving in the military
  • Foreign Travelers
  • Healthy Individuals

 
 
Let’s talk about what we like in regards to Pacific Life’s policies and buying process. Pacific Life’s level term product is called PL Promise and is sold in term lengths of 10, 15, 20, 25, and 30 years. The smallest amount of term life insurance you can purchase is $50,000.

Pacific Life’s PL Promise Term Policy

Available Term Lengths

10, 15, 20, 25, and 30-year policies available
(depending on applicant’s age)

Available Coverage Amounts

$50,000 and up

Grace Period for Missed Payments

31 Days

 

Overall, Pacific Life is a great company that excels at insuring people actively serving in the military. We also love their corporate giving program that helps to protect oceans and marine life.

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And depending on the life insurance product, there will be different policy riders available. Life insurance policy riders are additional benefits that you can add onto your policy at the time of purchase. Pacific Life’s term policy offers an accelerated death benefit rider, premium waiver for disability rider, and a child rider.

Available Riders on Pac Life Policies

Accelerated Death Benefit Rider

(Included in all Pacific Life policies)

Premium Waiver for Disability

(Available at additional cost)

Child Rider

(Available at additional cost)

 
 
Let’s break these down.

Accelerated Death Benefit Rider

This rider is included in your policy at no charge. It gives you access to a portion of your policy’s death benefit if you are diagnosed with a terminal illness resulting in 12 months or less to live.

 
 
An accelerated death benefit rider is included in Pacific Life term policies at no charge. This rider gives you access to a portion of your policy’s death benefit if you are diagnosed with a terminal illness resulting in 12 months or less to live.

Premium Waiver for Disability

(Available for an additional cost)

If you purchase this rider, Pacific Life will waive premium payments during a period of total disability lasting six consecutive months or more. The waived payments don’t have to be paid back. This rider is not available on all policies and its cost varies by age.

 
 
A premium waiver for disability rider is available on Pacific Life term policies for an additional cost. With this rider, Pacific Life will waive your premium payments during a period of total disability lasting six consecutive months or more.

Child Rider

(Available for an additional cost)

You can add a Child Rider to your term policy for $55 per year. This rider covers all of your children under age 18 for up to $10,000 in coverage. Ask your Quotacy agent for more details.

 
 
A child rider is available on Pacific Life term policies for an additional cost. For as little as $55 per year, a child rider provides $10,000 in life insurance coverage on all of your children less than 18 years of age. It would also include any future children you may have or adopt.

If you’re looking for life insurance, Pacific Life is a good option. If you’re an active military member or do a lot of foreign travel, then Pacific Life is a great option.

When you apply through Quotacy, we will review your application to double-check that you’ve chosen to apply with a company that will give you the most favorable outcome. The choice is of course 100% your decision. We simply aim to be completely transparent and make sure you know all of your options.

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If you’re interested in any of the riders we mentioned, let your Quotacy agent know after you apply. They’ll let you know the exact cost of any rider you want to purchase and can add it to your policy during the buying process. Quotacy can help you get life insurance from Pacific Life or any other of the top-rated life insurance companies we work with.

And why should you get life insurance through Quotacy?

Our agents are licensed in all 50 states and they work on salary, not commission, so we’ll never try and upsell you. We work for you, not the insurance companies. You won’t pay any extra fees or charges to use our services.

Get a free, instant term life insurance quote now from multiple top-rated life insurance companies without giving away any contact information. Bye!

About the writer

Headshot of Natasha Cornelius, a life insurance writer, for Quotacy, Inc.

Natasha Cornelius

Marketing Content Manager

Natasha is a writer and content editor at Quotacy. She is also co-host of Quotacy’s YouTube series. She can't get enough of life insurance and outside of work is also working toward her Chartered Life Underwriter designation. Connect with her on LinkedIn.