Customer Service Phone:




Pacific Life Insurance

P.O. Box 9000

Newport Beach, CA 92658-9030 

Reviewed by 

Jim Tobin,CFP®

As seen in

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At Workers Bequest, we value our editorial independence. We keep our reviews strictly factual so you can use them to make informed decisions. Life insurance carriers referred to on this site do not approve reviews. The views expressed are solely those of Workers Bequest.

Pacific Life was founded back in 1868 and now serves individuals and businesses by offering a variety of insurance policies and annuities.

Term life insurance policies from Pacific Life are best suited for people who want affordable coverage. They offer competitive rates for everyone, so even older applicants are confident that they'll get an affordable rate.

In short, Pacific Life is an excellent choice for those looking for reasonably priced term life insurance or universal life insurance plans.

Positive attributes of Pacific Life

Affordable Prices at Every Age

While other insurance companies raise their rates for older customers (and some even lower them), Pacific Life maintains competitive rates across all age brackets, making them an affordable option for everyone.

Varied Policy Selection 

Pacific Life offers a wide range of policies, including universal life policies for those looking to use their life insurance as an investment opportunity.

Ranked Highly 

Pacific Life is one of the most respected insurance companies by J.D. Powers, which gives customers confidence in its consistent financial performance.

 Things that could be improved

 Not an option for Whole life

Only employers can offer the Flex 16 whole life option. Whole insurance policies sold by insurers who sell them directly to consumers will be challenging to find.

Universal Policies Aren't Right for Everyone.

Universal life policies can be complicated and confusing, and the multiple moving parts require regular attention to keep the policy performing optimally.

Products Line Up

Pacific Life provides excellent choices of term life insurance and universal life insurance plans. They currently only offer whole life insurance through employer-based insurance.



 Terms of Coverage 10, 15, 20, and 30-     year periods 

  Minimum Coverage: $50,000 

  Maximum Coverage: $1 Million 

  Estimated Underwriting Time : 2-4 weeks 

  •  Level Premiums
  • Riders Available
  • Conversion Options

   Brochure: Promise Term Brochure 

Standard term life insurance policies provide customers with a traditional term coverage plan but can be customized and enhanced with various riders. This plan offers coverage for applicants aged 50–69 years old, ranging from $50,000–$1 million, and comes in 10-, 15-, 20-, 25-, and 30-year increments. However, these term lengths decrease with increasing age.

You can choose from different levels of premiums and conversion options.

Applicants have the option of converting term policies to a permanent plan at the end of their term.

A medical exam is Not Required for ages 50-69 with blood work done in the last 18 months.

Applicants can expect to answer medical questions during the application process. However, if blood work has been done in the last 18 months, applicants aged 50-69 will not require a medical exam.

Universal Life Insurance

Universal life insurance policies give the policyholder the ability to accumulate cash value on the plan, and this savings can then be used to cover future premiums. Pacific Life offers two different universal life plans:

  • Versa Flex Venture UL
  • PL Promise GUL

The latter includes a "no lapse" guarantee rider, allowing you to extend coverage for an additional premium.

Indexed Universal Life Insurance

A fixed indexed universal life insurance policy allows you to assign a cash value to either a single designated account or an index fund. Investment opportunities are available from well-known stock indexes, including the S & P 500 and Nasdaq 100. It allows the policyholder to accrue cash value without reducing the life insurance payout. 

  • Pacific Discovery Xelerator IUL 2L
  • Pacific Indexed Accumulator 6
  • Pacific Discovery Protector IUL
  • Pacific Indexed Estate Preserver 3

UL policies can be significant savings vehicles if you know what you're doing. However, many customers may find these processes unfamiliar, choosing instead to rely on traditional investment methods such as savings accounts, stock market investments, etc.

Variable Universal Life Insurance

Variable universal life insurance allows the insured to invest the cash component of the premium to earn greater annual returns. Depending on the market, there is no guarantee of a return on the investment. Customers who choose the universal life plan select between Pacific's two options:

  • Pacific Select VUL 2
  • Pacific Select Harbor VUL

Like other universal plans, this one may be unfamiliar territory for most life insurance customers, who prefer to rely on other investment options.

Life Insurance with Long-Term Care Benefits

Pacific Life also offers life insurance with a long-term care benefit. If the insured needs long-term care, whether at an in-patient hospital or in their own home, they may borrow from the death benefits to cover these expenses.## Output If there is no need for long-term care, the death benefit pays 100%.

Policy Perks

Pacific Life offers excellent coverage for its riders, and some of its riders are included in the insurance plan.

Options for Policy Conversion

Term life customers can switch to a permanent policy until up to ten years from the start date of the policy.

Accelerated Death Benefit Rider

If you have the misfortune of being diagnosed with a terminal illness, you might be entitled to a portion of the death benefits to cover medical bills and end-of-life costs. This rider is included for free with the promised term.

Child Protection Rider

This rider provides life cover for children from 15 days up until they reach age 18. Coverage can range from as low as $100 to as high as $10K.

Waiver of Premium Rider for Disability

If you are totally disabled due to an accident or other qualifying event, you will be exempted from paying your monthly premium for a set period. This rider may lasts the length of your policy, or not, as it terminates at age 65.


Pacific Life offers some of the best rates for term life insurance. Furthermore, the level premiums offered by their term life insurance plans provide consistent coverage throughout the duration. The available riders also add value. The promise term plans include a guaranteed accelerated death benefit at no extra cost, making these policies very attractive for most people.

Affordable Plans at Every Age

Pacific Life offers competitive prices for every age group. The following table shows the cost of a 20 year, $250,000 insurance policy for a healthy man and woman.











































Premiums are in large part dictated by Health Conditions

Of course, Pacific life insurance rates can still fluctuate depending on your health conditions and may increase if you smoke cigarettes. The policy will be cheapest for people without any smoking-related health issues, including sleep apnea, high cholesterol, and anxiety and depression.

Financial Ratings

Pacific Life has a reputation for providing high-quality products and services. As a result, people feel confident in buying life insurance from Pacific Life.

Pacific Life is highly ranked by third party sources, including:



A.M. Best


Fitch Ratings


standard & Poors




Customer reviews and Ratings

Pacific Life was named seventh overall among 23 insurance companies in J.D. Power's 2020 U.S. life insurance study. These high financial ratings give Pacific Life a reliable, trustworthy reputation.

Pacific Life has an excellent history of customer service, receiving far fewer complaints than companies of a similar size.

The NAIC tracks complaints submitted to state agencies and rates them according to their severity. A score of 1 is average. Pacific Life had an average score of 0.09, which means they received fewer customer complaints than most other companies of similar size.

Pacific Life: Conclusion

Pacific Life  is an outstanding insurance company. 

If you're looking to upgrade from an Employer-Based Life Insurance plan, Pacific Life is worth a look regardless of your health condition. In any case, where there's a question about your health insurance plan, the best advice is always to speak with an experienced agency like Workers Bequest that has access to many carriers.

We're happy to help you with your Lincoln Financial life insurance needs. We hope it helps, and we hope you contact us if you have any questions.

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