Term Life Insurance with Level Premium Periods1
Pacific Elite Term
Death Benefit Protection With an
Client Profile
Are aged 18-75
Need death benefit protection for a set period
Desire flexibility to convert to any eligible cash value policy
Desire to mitigate health-related costs with additional protection features
Key Features
Death Benefit Protection
Tax-free2 death benefit protection with competitive premiums for 10-, 20-, and 30-year periods. Four face amount bands of $250,000 to $499,999, $500,000 to $999,999, $1 million to $2,999,999, and at $3 million+.3
Attractive Conversion Benefit
Convertible to any eligible Pacific Life cash value life insurance policy up to 10 years based on issue age with no additional underwriting.4 As an extra benefit, Pacific Life may add a conversion credit to the new policy if converted starting in policy year two. To extend the conversion period, clients may choose to elect the optional Conversion Extension Rider.5,6
Living Benefit Riders
These riders provide early access to a portion of the death benefit in case of a qualifying terminal, critical, or chronic illness, enhancing financial flexibility during challenging times.7
Convenient, Seamless Underwriting
With Pacific Accelerated Underwriting+ (PAL+), your clients' applications are intelligently routed for the least invasive underwriting method possible.
Help your clients protect their loved ones.
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Pacific Elite Term Client Guide
See how flexible term life insurance can be for your clients.
Side-by-side Accelerated Death Benefit Riders Flyer
This flyer shows the comparison of features, cost, and eligibility on the Accelerated Death Benefit Riders for Pacific Elite Term.
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Firm and state variations may apply. Contact your Pacific Life representative for availability.
1 Pacific Elite Term (form series P12TRF and P12TRF 10,20,30, varies based on level premium period chosen and state of policy issue) is term life insurance with level premium periods.
2 For federal income tax purposes, life insurance death benefits generally pay income tax-free to beneficiaries pursuant to IRC Sec. 101(a)(1). In certain situations, however, life insurance death benefits may be partially or wholly taxable. Situations include, but are not limited to: the transfer of a life insurance policy for valuable consideration unless the transfer qualifies for an exception under IRC Sec. 101(a)(2)(i.e. the transfer-for-value rule); arrangements that lack an insurable interest based on state law; and an employer-owned policy unless the policy qualifies for an exception under IRC Sec. 101(j).
3 $250,000 minimum face amount.
4 Policy is convertible during the earlier of the first 10 policy years or attained age 70, but not less than 2 years. There are circumstances in which replacing your client’s existing life insurance or annuity can benefit your client. You should make a careful comparison of the costs and benefits, including any applicable surrender charges, of your client’s existing policy and the proposed policy to analyze how a replacement may affect your client’s plan of insurance. You should provide this information to your client and discuss whether replacement is in your client’s best interest.
5 Riders will likely incur additional charges and are subject to availability, restrictions, and limitations. Clients should be shown policy illustrations with and without riders to help show the rider's impact on the policy's values.
6 Conversion Extension Rider Form series R25EXT, S25EXT, varies based on state of policy issue.
7 Terminal Illness Rider Form #R25TTI; Chronic Illness Rider Form series R25TCH, S25TCH; Critial Illness Rider Form series R25TCI, S25TCI; varies based on state of policy issue.
Pacific Life, its affiliates, their distributors and the 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.
Life insurance is subject to underwriting and approval of the application.