Last Survivor Flexible Premium Variable Universal Life Insurance1
Pacific Legacy Survivorship VUL
Protection Built for Two to Help Preserve
Key Features
Guaranteed Death Benefit Protection
An up to age 90 No-Lapse Guarantee Rider3,4 helps protect the tax-free5 death benefit for your client's legacy, estate, or business.
Market-Driven Investment Options
Clients may choose among a streamlined list of variable investment options, including lower-cost, passively managed funds which may serve as an attractive tool for the high-net worth client who wants to enhance their estate or wealth transfer plans.
Flexibility if Life Insurance Needs Change
Clients will appreciate the built-in flexibility of value-added riders if certain federal estate tax laws change significantly4,6 or if both insureds die within the first four years.4,7
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Pacific Legacy Survivorship VUL Client Guide
Share the benefits of guarantees, cost-effectiveness, and flexibility. For investment option details please review the prospectus.
Historical Returns: Stocks, Bonds, Bills, Inflation 1926-2024 Flyer
Share the hypothetical growth of $1 over time by asset class in this popular client-approved graphic.
Managing Investment Strategies Brochure
Help your clients understand the automated services available to help make managing their VUL policy easier.
Wealth Transfer for the Modern World
Help your clients realize life insurance's pivotal role in wealth transfer planning.
Product Education Center
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Firm and state variations may apply. Contact your Pacific Life representative for availability.
1 Form series #P22SVL, S22PLS, varies based on state of policy issue. Variable universal life insurance generally requires additional premium payments after the initial premium. If either no premiums are paid, or subsequent premiums are insufficient to continue coverage, it is possible that coverage will expire.
2 Product issue ages are 18-90
3 Age 90 No-Lapse Guarantee Rider (Form series R22NLG, S22NLG, varies based on state of policy issue) is issued with all policies electing Death Benefit Option A or B with insureds issue ages 79 and under. Paying only the Age 90 No-Lapse Premiums will guarantee the death benefit to the younger insured’s attained age 90, but will not guarantee cash value accumulation. If your client discontinues paying the no-lapse guarantee premiums, the no-lapse feature will terminate before the guaranteed duration. If this occurs, additional premiums in an amount equal to the short-fall can be paid to bring the no-lapse feature back in-force. If policy loans or withdrawals are taken, additional premiums may be required to keep the no-lapse feature in force. Additional premiums may be required to continue the policy beyond the guaranteed duration.
4 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.
5 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).
6 Enhanced Policy Split Option Rider, Form #R13EPR, varies based of state of policy issue.
7 Estate Preservation Rider, Form #R13EPR, varies based on state of policy issue.
Pacific Life, its affiliates, their distributors and 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.
Clients should carefully consider a variable life insurance product s risks, charges, limitations and expenses, as well as the risks, charges, expenses, and investment goals/objectives of the underlying investment options. This and other information about Pacific Life are provided in the applicable product and underlying funds prospectuses. These prospectuses should be read carefully by clients before investing or sending money.
Variable insurance products are distributed by Pacific Select Distributors, LLC (member FINRA & SIPC), a subsidiary of Pacific Life Insurance Company, and are available through licensed third‑party broker‑dealers.Life insurance is subject to underwriting and approval of the application and will incur policy charges.