{ "ProductList" : [ { "category" : "IUL", "products" : [ { "productTitle" : "Pacific Horizon IUL 2", "formNumber" : "<p>Form series P21IUL and S23HZN2-B, S23HZN2-E, or S23HZN2-L1¹</p>\r\n", "path" : "/content/life-affluent/products/iul/pacific-horizon-iul-2", "categories" : [ { "categoryTitle" : "Product Type", "points" : [ { "title" : "Single life indexed universal life insurance", "description" : null } ] }, { "categoryTitle" : "Consumer Needs", "points" : [ { "title" : "Death benefit protection", "description" : null }, { "title" : "Supplemental retirement income", "description" : null }, { "title" : "Short-pay premium solve designs", "description" : null }, { "title" : "1035 Exchanges", "description" : "<p><b>Note on exchanges</b></p>\r\n<p>There are circumstances in which replacing your client’s existing life insurance or annuity can benefit your client. As a general rule, however, replacement is not in your client’s best interest. 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 detailed information to your client and discuss whether replacement is in your client’s best interest.&nbsp;</p>\r\n" }, { "title" : "Early-year cash surrender value", "description" : null } ] }, { "categoryTitle" : "Key Features", "points" : [ { "title" : "Choice of three coverage design options to help customize performance potential", "description" : "<p><b>Coverage design options provide enhanced versatility to design policy to align with clients' needs.</b></p>\r\n<p><i>&nbsp;</i></p>\r\n<p>Pacific Horizon IUL 2 provides a choice of three coverage design options at policy issue:<br>\r\n<br>\r\n● Enhanced Early Surrender Value is designed to emphasize early-year policy cash surrender values.<br>\r\n● Balanced is designed to help balance the client’s need for higher cash surrender values in early policy years with long-term cash value accumulation potential.<br>\r\n● Long-Term Performance Potential is designed to emphasize long-term cash value accumulation and potential supplemental retirement income.</p>\r\n" }, { "title" : "Included no-lapse guarantee protection up to age 90 on eligible policies with option to extend up to lifetime", "description" : "<p><b>No-Lapse Guarantees</b></p>\r\n<p><i>Age 90 No-Lapse Guarantee Rider (Form series R22NLG, S22NLG, varies based on state of policy issue) and Flexible Duration No-Lapse Guarantee Rider (Form series R17FNL, S18FNL, varies based on state of policy issue)</i></p>\r\n<p>The Age 90 No-Lapse Guarantee Rider 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 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.<br>\r\n<br>\r\nThe flexible duration no-lapse guarantee, depending on how your client structures their policy, has a maximum duration of the insured’s lifetime, subject to certain limits. If your client’s net no-lapse guarantee value is zero, the no-lapse feature terminates. If the no-lapse feature terminates, additional premiums would be required to resume the no-lapse guarantee. If policy performance is such that your client’s policy is being maintained solely by the no-lapse guarantee, your client’s policy will not build cash value. For the rider’s guarantee to remain in place, the policyowner must not request an unscheduled increase in face amount and must remain 100% allocated among the Fixed Account or other Allowable Investment Options specified in the prospectus.</p>\r\n" }, { "title" : "Four performance factor rider designs for a potential boost to policy performance", "description" : "<p><b>Enhanced Performance Factor Rider</b></p>\r\n<p><i>(Form series R18EPF, S23EPF, varies based on state of policy issue)</i></p>\r\n<p>The Enhanced Performance Factor Rider may provide a boost to the interest crediting potential of certain Pacific Life Insurance Company indexed universal life insurance policies, starting in policy year 2. If elected at policy issue, the rider allows the policyowner to choose between four rider designs, each with a different Performance Factor and associated monthly rider charge.<br>\r\n<br>\r\n● Classic - No benefit and no charge<br>\r\n● Plus - Provides a level potential benefit based on a segment-based charge that is assessed as a percentage of the indexed segment value.<br>\r\n● Performance - Provides a higher potential benefit in most policy years based on a segment-based charge that is assessed as a percentage of the indexed segment value.<br>\r\n● Performance Plus - Provides the highest potential benefit in based on a higher segment-based charge that is assessed as a percentage of the indexed segment value.<br>\r\n<br>\r\nOnce elected, the policyowner can change between the three rider designs as frequently as annually. Performance Factors may vary by product, indexed account, and policy year.</p>\r\n" }, { "title" : "Choice of chronic illness or long-term care benefits", "description" : "<p><b>Chronic illness benefits provided by Premier Living Benefits Rider 2 or Premier Chronic Illness Rider. Long-term care benefits provided by Premier LTC Rider.</b></p>\r\n<p><i>(Form series R18ADB, S18ADB, varies by state of policy issue; Form series R22CHR, S23CHR, varies by state of policy issue; and, Form series R15LTC, R15LTC SP, varies based on state of policy issue)</i></p>\r\n<p><b>Premier Chronic Illness Rider</b><br>\r\nThe cost of exercising the rider is that the death benefit is reduced by an amount greater than the rider benefit payment itself to reflect the early payment of the death benefit. Benefits paid by accelerating the policy’s death benefit may or may not qualify for favorable tax treatment under Section 101(g) of the Internal Revenue Code of 1986.<br>\r\n<b>Premier LTC Rider</b><br>\r\nThis rider is subject to eligibility and underwriting approval. The policy to which this rider is attached is subject to a medical exam, Medical Information Bureau (MIB), and prescription report; and may include obtaining records from your physician, a Personal History Interview, and a Cognitive Assessment. The amount and duration of the maximum LTC Benefits and the rider charge will vary based on the benefit options elected at time of application and the use of policy benefits and features. The rider charge is included as part of the monthly deduction for the policy. Rates for long-term care coverage under this rider may increase over time, but not above those stated in the policy. This rider is intended to provide federally tax-qualified long-term care insurance as defined in IRC Section 7702B(b). Exclusions apply.</p>\r\n" }, { "title" : "Eight indexed accounts", "description" : null } ] }, { "categoryTitle" : "Indexed Accounts", "points" : [ { "title" : "1-Year", "description" : null }, { "title" : "1-Year High Cap", "description" : null }, { "title" : "1-Year High Par Volatility Control", "description" : null }, { "title" : "2-Year", "description" : null }, { "title" : "High Par 5-Year", "description" : null }, { "title" : "Loaned 1-Year Volatility Control", "description" : "<p><b>Only available with a Fixed Charge Indexed Loan (provided by the Fixed Charge Indexed Loan Rider)</b></p>\r\n<p><i>(Form series R23FALR, S23FALR, varies based on state of policy issue)</i></p>\r\n<p>This indexed account applies to fixed charge indexed loans. It is not available for direct allocation.</p>\r\n" }, { "title" : "1-Year Invesco QQQ®", "description" : null }, { "title" : "1- Year No Cap Dynamic Par", "description" : null } ] }, { "categoryTitle" : "Enhanced Performance Factor Rider", "points" : [ { "title" : "Yes", "description" : "<p><b>Enhanced Performance Factor Rider</b></p>\r\n<p><i>(Form series R18EPF, S23EPF, varies based on state of policy issue)</i></p>\r\n<p>The Enhanced Performance Factor Rider may provide a boost to the interest crediting potential of certain Pacific Life Insurance Company indexed universal life insurance policies, starting in policy year 2. If elected at policy issue, the rider allows the policyowner to choose between four rider designs, each with a different Performance Factor and associated monthly rider charge.<br>\r\n<br>\r\n● Classic - No benefit and no charge<br>\r\n● Plus - Provides a level potential benefit based on a segment-based charge that is assessed as a percentage of the indexed segment value.<br>\r\n● Performance - Provides a higher potential benefit in most policy years based on a segment-based charge that is assessed as a percentage of the indexed segment value.<br>\r\n● Performance Plus - Provides the highest potential benefit in based on a higher segment-based charge that is assessed as a percentage of the indexed segment value.<br>\r\n<br>\r\nOnce elected, the policyowner can change between the three rider designs as frequently as annually. Performance Factors may vary by product, indexed account, and policy year.</p>\r\n" } ] }, { "categoryTitle" : "Subaccount Investment Choices", "points" : [ { "title" : "No", "description" : null } ] }, { "categoryTitle" : "No-Lapse Guarantees", "points" : [ { "title" : "Included no-lapse guarantee protection up to age 90 on eligible policies with option to extend up to lifetime", "description" : "<p><b>No-Lapse Guarantees</b></p>\r\n<p><i>Age 90 No-Lapse Guarantee Rider (Form series R22NLG, S22NLG, varies based on state of policy issue) and Flexible Duration No-Lapse Guarantee Rider (Form series R17FNL, S18FNL, varies based on state of policy issue)</i></p>\r\n<p>The Age 90 No-Lapse Guarantee Rider 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 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.<br>\r\n<br>\r\nThe flexible duration no-lapse guarantee, depending on how your client structures their policy, has a maximum duration of the insured’s lifetime, subject to certain limits. If your client’s net no-lapse guarantee value is zero, the no-lapse feature terminates. If the no-lapse feature terminates, additional premiums would be required to resume the no-lapse guarantee. If policy performance is such that your client’s policy is being maintained solely by the no-lapse guarantee, your client’s policy will not build cash value. For the rider’s guarantee to remain in place, the policyowner must not request an unscheduled increase in face amount and must remain 100% allocated among the Fixed Account or other Allowable Investment Options specified in the prospectus.</p>\r\n" } ] }, { "categoryTitle" : "Chronic Illness Benefits", "points" : [ { "title" : "Yes (optional)", "description" : "<p><b>Premier Living Benefits Rider 2</b></p>\r\n<p><i>(Form series R18ADB, S18ADB, varies based on state of policy issue)</i></p>\r\n<p>The Premier Living Benefits Rider 2 is an accelerated death benefit rider for chronic illness. There is no upfront charge for this rider. When exercised, the rider reduces the death benefit by a greater amount than the rider benefit payout. This rider allows the policyowner to accelerate a portion of the death benefit as rider benefit payments while the insured is certified as having a chronic illness (unable to perform at least 2 of the 6 activities of daily living or requiring substantial supervision due to cognitive impairment). The Premier Living Benefits Rider requires the insured's chronic illness to be deemed permanent. Lifetime and monthly maximum rider benefits vary by rider selection.<br>\r\n</p>\r\n<p><b>Premier Chronic Illness Rider</b></p>\r\n<p><i>(Form series R22CHR, S23CHR, varies based on state of policy issue)</i></p>\r\n<p>The Premier Chronic Illness Rider allows a policyowner to accelerate payment of up to $3 million of the policy's death benefit if the insured is certified as Chronically Ill by a Licensed Health Care Practitioner. Chronically Ill means the insured is unable to perform 2 of the 6 activities of daily living (eating, bathing, continence, dressing, toileting, and transferring) for a period of at least 90 days or need substantial supervision due to a severe cognitive impairment. There is a monthly charge for this rider. No health licensed is required to sell.<br>\r\n<br>\r\nApplicable to both riders: Chronic illness riders are a life insurance component that enhance the flexibility of a life insurance policy to provide benefits if the insured develops a chronic illness. Benefit payments reduce the policy's death benefit and other values under the policy. If the entire death benefit is accelerated, the policy will terminate.</p>\r\n" } ] }, { "categoryTitle" : "Long-Term Care Benefits", "points" : [ { "title" : "Yes (optional)", "description" : "<p><b>Premier LTC Rider</b></p>\r\n<p><i>(Form series R15LTC, R15LTC SP, varies based on state of policy issue)</i></p>\r\n<p>The Premier LTC Rider is an accelerated death benefit rider for long-term care. There is a monthly charge for this rider. Policyowner has choice of 2% or 4% maximum monthly benefit. This rider allows the policyowner to accelerate a portion of the death benefit as rider benefit payments while the insured is certified as having a chronic illness (unable to perform at least 2 of the 6 activities of daily living or requiring substantial supervision due to cognitive impairment).</p>\r\n<p>The Premier LTC Rider in not available on a policy with the Premier Living Benefits Rider 2 or Benefit Distribution Rider. The Premier LTC Rider is subject to eligibility and underwriting approval. The policy to which this rider is attached is subject to a medical exam, Medical Information Bureau (MIB), and prescription report; and may include obtaining records from your physician, a Personal History Interview, and a Cognitive Assessment. The amount and duration of the maximum LTC Benefits and the rider charge will vary based on the benefit options elected at time of application and the use of policy benefits and features.<br>\r\n<br>\r\nThe rider charge is included as part of the monthly deduction for the policy. Rates for long-term care coverage under this rider may increase over time, but not above those stated in the policy. This rider is intended to provide federally tax-qualified long-term care insurance as defined in IRC Section 7702B(b). Exclusions apply. A health license is required to sell this rider.</p>\r\n" } ] }, { "categoryTitle" : "Coverage Types", "points" : [ { "title" : "Annual Renewable Term Rider", "description" : "<p><b>Annual Renewable Term Rider</b></p>\r\n<p><i>(Form #R17ART, S17ART, varies based on state of policy issue)</i></p>\r\n<p>If elected at policy issue, rider may be used to provide annual renewable term life insurance on the primary insured. Annual Renewable Term Rider coverage provides a death benefit and is non-commissionable.</p>\r\n" }, { "title" : "Basic Coverage", "description" : "<p><b>Basic Coverage</b></p>\r\n<p>Basic Coverage provides insurance on the primary insured (or insureds for survivor products) that is payable upon the death of the insured (surviving insureds for survivorship products). It is not available on any other lives. Basic Coverage is commissionable.</p>\r\n" } ] }, { "categoryTitle" : "Standard Riders (issued with policy)", "points" : [ { "title" : "Age 90 No-Lapse Guarantee Rider", "description" : null }, { "title" : "Conversion Rider", "description" : "<p><b>Conversion Rider</b></p>\r\n<p><i>(Form #R13CON, varies based on state of policy issue)</i></p>\r\n<p>The Conversion Rider allows policyowner to convert eligible coverages to any other eligible life insurance product with no new underwriting or surrender charges on the original policy during the conversion year. There is no monthly rider charge and no charge to exercise the rider.</p>\r\n" }, { "title" : "Fixed Charge Indexed Loan Rider", "description" : "<p><b>Fixed Charge Indexed Loan Rider</b></p>\r\n<p><i>(Form series R23FALR, S23FALR, varies based on state of policy issue)</i></p>\r\n<p>This rider provides a fixed charge indexed loan (known in the contract as a fixed charge alternate loan). Accumulated value securing the loan is allocated to the Loaned 1-Year Volatility Control Indexed Account. Fixed charge indexed loans offer more potential income but also higher risk than standard loans. Loaned amount receives indexed interest crediting and is charged a guaranteed interest rate of 4.50%.</p>\r\n" }, { "title" : "Indexed Loan Rider", "description" : "<p><b>Indexed Loan Rider</b></p>\r\n<p><i>(Form series R23ALR3, S23ALR3, varies based on state of policy issue)</i></p>\r\n<p>Indexed loans (known in the contract as alternate loans) allow policyowners to borrow against the accumulated value in certain 1-year indexed accounts. They offer more potential income but also higher risk than standard loans. Loaned amount receives indexed interest crediting and is charged a currently declared interest rate up to the guaranteed maximum rate of 8%.</p>\r\n" }, { "title" : "Interest Guarantee on Termination Rider", "description" : "<p><b>Interest Guarantee on Termination Rider</b></p>\r\n<p><i>(Form #R20IGT, varies based on state of policy issue)</i></p>\r\n<p>The Interest Guarantee on Termination Rider provides an alternate accumulated value (AAV) that, if higher than the policy’s actual accumulated value, is used to determine the amount available at the insured’s death, policy surrender, or to help prevent policy lapse. The AAV increases with premiums paid and is reduced by policy distributions and some of the current policy charges. The AAV is then credited with 1% annual interest on current allocations among the fixed account, 1-year indexed accounts, and loan account; and excludes any indexed segment credits or additional interest credits. The rider is included at no additional cost.</p>\r\n" }, { "title" : "Overloan Protection 3 Rider", "description" : "<p><b>Overloan Protection 3 Rider</b></p>\r\n<p><i>(Form series R15OLP, R15OLP SP, varies based on state of policy issue)</i></p>\r\n<p>The Overloan Protection 3 Rider, if exercised at the end of planned policy distributions, may help prevent policy lapse, particularly for policies with large outstanding loan balances. There is a one-time charge to exercise the rider, certain eligibility requirements must be met, and no further policy changes may be made after rider exercise. To help you illustrate the conditions for successful rider exercise, use Navigator illustration system’s “Auto-adjust illustration inputs for OLP” option in the “Riders” tab. The potential tax consequences of the Overloan Protection 3 Rider have not specifically been ruled on by the IRS or courts. Clients should consult their tax advisors.</p>\r\n" }, { "title" : "Terminal Illness Rider", "description" : "<p><b>Terminal Illness Rider</b></p>\r\n<p><i>(Form #R12TII, varies based on state of policy issue)</i></p>\r\n<p>If Premier Living Benefits Rider 2 is not elected on the policy, this rider will automatically be issued with the policy at no additional charge. This rider allows the policyowner access to a portion of the policy’s death benefit after the insured is diagnosed with a terminal illness resulting in a life expectancy of 12 months or less (some states require a period other than 12 months—check for state variations). The cost of exercising the rider is that the death benefit is reduced by an amount greater than the rider benefit payment itself to reflect the early payment of the death benefit.</p>\r\n" } ] }, { "categoryTitle" : "Optional Riders (must be elected at policy issue)", "points" : [ { "title" : "Annual Renewable Term Rider", "description" : "<p><b>Annual Renewable Term Rider</b></p>\r\n<p><i>(Form #R17ART, S17ART, varies based on state of policy issue)</i></p>\r\n<p>If elected at policy issue, rider may be used to provide annual renewable term life insurance on the primary insured. Annual Renewable Term Rider coverage provides a death benefit and is non-commissionable.</p>\r\n" }, { "title" : "Enhanced Performance Factor Rider", "description" : "<p><b>Enhanced Performance Factor Rider</b></p>\r\n<p><i>(Form series R18EPF, S18EPF, varies based on state of policy issue)</i></p>\r\n<p>The Enhanced Performance Factor Rider may provide a boost to the interest crediting potential of certain Pacific Life Insurance Company indexed universal life insurance policies, starting in policy year 2. If elected at policy issue, the rider allows the policyowner to choose between four rider designs, each with a different Performance Factor and associated monthly rider charge.<br>\r\n<br>\r\n● Classic - No benefit and no charge<br>\r\n● Plus - Provides a level potential benefit based on a segment-based charge that is assessed as a percentage of the indexed segment value.<br>\r\n● Performance - Provides a potential benefit based on a segment-based charge that is assessed as a percentage of your indexed segment value.<br>\r\n● Performance Plus - Provides the highest potential benefit based on a higher segment-based charge that is assessed as a percentage of your indexed segment value.<br>\r\n<br>\r\nOnce elected, the policyowner can change between the three rider designs as frequently as annually. Performance Factors may vary by product, indexed account, and policy year.</p>\r\n" }, { "title" : "Flexible Duration No-Lapse Guarantee Rider", "description" : "<p><b>Flexible Duration No-Lapse Guarantee Rider</b></p>\r\n<p><i>(Form Series R17FNL, S18FNL varies based on state of policy issue)</i></p>\r\n<p>The flexible duration no-lapse guarantee, depending on how your client structures their policy, has a maximum duration of the insured’s lifetime, subject to certain limits. If your client’s net no-lapse guarantee value is zero, the no-lapse feature terminates. If the no-lapse feature terminates, additional premiums would be required to resume the no-lapse guarantee. If policy performance is such that your client’s policy is being maintained solely by the no-lapse guarantee, your client’s policy will not build cash value.</p>\r\n" }, { "title" : "Premier Chronic Illness Rider", "description" : "<p><b>Premier Chronic Illness Rider</b></p>\r\n<p><i>(Form series R22CHR, S23CHR, varies by state of policy issue)</i></p>\r\n<p>This optional rider may be added at policy issue for a monthly rider charge. It allows the policyowner to access a portion of the policy’s death benefit while still living if the eligible insured is certified as chronically ill by a licensed health care practitioner (unable to perform 2 of the 6 activities of daily living or requiring substantial supervision due to severe cognitive impairment). This rider is an accelerated death benefit rider for chronic illness. Eligible insureds are age 18 through 75, subject to additional underwriting requirements beyond the life insurance policy’s requirements and a one chronic illness rider per insured issue limit. Benefit payments reduce the policy’s death benefit and other values under the policy. If the entire death benefit is accelerated, the policy will terminate. Benefit payments may not exceed 125% of the IRS per diem. Benefits paid by accelerating the policy’s death benefit are intended to qualify as death benefits under section 101(g) of the Internal Revenue Code and may be excludable from their income. Federal, state, and/or local tax rules relating to the payment of accelerated death benefits are complex. Depending on your specific facts and circumstances, benefits may or may not be taxable. These payments may affect eligibility for other benefits provided by federal, state, or local government including public assistance programs such as Medicaid. When benefits are received from multiple policies providing long-term care or chronic illness benefits for a given insured, including policies with different owners, all of those benefits must be aggregated to determine their taxability. Advice and guidance should be obtained from your independent tax advisor. Pacific Life cannot determine whether the benefits are taxable.</p>\r\n" }, { "title" : "Premier Living Benefits Rider 2", "description" : "<p><b>Premier Living Benefits Rider 2</b></p>\r\n<p><i>(Form series R18ADB, S18ADB, varies based on state of policy issue)</i></p>\r\n<p>The Premier Living Benefits Rider 2 is an accelerated death benefit rider for chronic illness. There is no upfront charge for this rider. When exercised, the rider reduces the death benefit by a greater amount than the rider benefit payout. This rider allows the policyowner to accelerate a portion of the death benefit as rider benefit payments while the insured is certified as having a chronic illness (unable to perform at least 2 of the 6 activities of daily living or requiring substantial supervision due to cognitive impairment). The Premier Living Benefits Rider requires the insured's chronic illness to be deemed permanent. Chronic illness riders are a life insurance component that enhance the flexibility of a life insurance policy to provide benefits if the insured develops a chronic illness.</p>\r\n<p>Benefit payments reduce the policy's death benefit and other values under the policy. If the entire death benefit is accelerated, the policy will terminate.</p>\r\n<p>Benefits paid by accelerating the policy’s death benefit may or may not qualify for favorable tax treatment under Section 101(g) of the Internal Revenue Code of 1986.</p>\r\n" }, { "title" : "Premier LTC Rider", "description" : "<p><b>Premier LTC Rider</b></p>\r\n<p><i>(Form series R15LTC, R15LTC SP, varies based on state of policy issue)</i></p>\r\n<p>The Premier LTC Rider is an accelerated death benefit rider for long-term care. There is a monthly charge for this rider. Policyowner has choice of 2% or 4% maximum monthly benefit. This rider allows the policyowner to accelerate a portion of the death benefit as rider benefit payments while the insured is certified as having a chronic illness (unable to perform at least 2 of the 6 activities of daily living or requiring substantial supervision due to cognitive impairment).</p>\r\n<p>The Premier LTC Rider in not available on a policy with the Premier Living Benefits Rider 2 or Benefit Distribution Rider. The Premier LTC Rider is subject to eligibility and underwriting approval. The policy to which this rider is attached is subject to a medical exam, Medical Information Bureau (MIB), and prescription report; and may include obtaining records from your physician, a Personal History Interview, and a Cognitive Assessment. The amount and duration of the maximum LTC Benefits and the rider charge will vary based on the benefit options elected at time of application and the use of policy benefits and features. The rider charge is included as part of the monthly deduction for the policy. Rates for long-term care coverage under this rider may increase over time, but not above those stated in the policy. This rider is intended to provide federally tax-qualified long-term care insurance as defined in IRC Section 7702B(b). Exclusions apply. Benefit payments reduce the policy's death benefit and other values under the policy. If the entire death benefit is accelerated, the policy will terminate. A health license is required to sell this rider.</p>\r\n" } ] } ] }, { "productTitle" : "Pacific Horizon Survivorship IUL", "formNumber" : "<p>Form series P15SIL, S22SHZN¹</p>\r\n", "path" : "/content/life-affluent/products/iul/pacific-horizon-survivorship-iul", "categories" : [ { "categoryTitle" : "Product Type", "points" : [ { "title" : "Survivorship indexed universal life insurance", "description" : null } ] }, { "categoryTitle" : "Consumer Needs", "points" : [ { "title" : "Death benefit protection", "description" : null }, { "title" : "Estate preservation", "description" : null }, { "title" : "Wealth transfer", "description" : null } ] }, { "categoryTitle" : "Key Features", "points" : [ { "title" : "Three performance factor rider designs for a potential boost to policy performance", "description" : "<p><b>Enhanced Performance Factor Rider</b></p>\r\n<p><i>(Form series R18EPF, S18EPF, varies based on state of policy issue)</i></p>\r\n<p>The Enhanced Performance Factor Rider may provide a boost to the interest crediting potential of certain Pacific Life Insurance Company indexed universal life insurance policies, starting in policy year 2. If elected at policy issue, the rider allows the policyowner to choose between three rider designs, each with a different Performance Factor and associated monthly rider charge.<br>\r\n<br>\r\n● Classic - No benefit and no charge<br>\r\n● Performance - Provides a potential benefit based on a segment-based charge that is assessed as a percentage of the indexed segment value.<br>\r\n● Performance Plus - Provides the highest potential benefit based on a higher segment-based charge that is assessed as a percentage of the indexed segment value.<br>\r\n<br>\r\nOnce elected, the policyowner can change between the three rider designs as frequently as annually. Performance Factors may vary by product, indexed account, and policy year.</p>\r\n" }, { "title" : "Eight indexed accounts", "description" : null }, { "title" : "No-lapse guarantee duration up to younger insured's lifetime", "description" : "<p><b>Flexible Duration No-Lapse Guarantee Rider</b></p>\r\n<p><i>(Form series R17FNL, S17FNL, varies based on state of policy issue)</i></p>\r\n<p>The flexible duration no-lapse guarantee, depending on how your client structures their policy, has a maximum duration of the younger insured’s lifetime, subject to certain limits. If your client’s net no-lapse guarantee value is zero, the no-lapse feature terminates. If the no-lapse feature terminates, additional premiums would be required to resume the no-lapse guarantee. If policy performance is such that your client’s policy is being maintained solely by the no-lapse guarantee, your client’s policy will not build cash value.</p>\r\n" }, { "title" : "Optional chronic illness benefits", "description" : "<p><b>Premier Living Benefits Rider 2</b></p>\r\n<p><i>(Form series R18ADB, S18ADB, varies based on state of policy issue)</i></p>\r\n<p>The Premier Living Benefits Rider 2 is an accelerated death benefit rider for chronic illness. There is no upfront charge for this rider. When exercised, the rider reduces the death benefit by a greater amount than the rider benefit payout. This rider allows the policyowner to accelerate a portion of the death benefit as rider benefit payments while the insured is certified as having a chronic illness (unable to perform at least 2 of the 6 activities of daily living or requiring substantial supervision due to cognitive impairment). The Premier Living Benefits Rider requires the insured's chronic illness to be deemed permanent. Chronic illness riders are a life insurance component that enhance the flexibility of a life insurance policy to provide benefits if the insured develops a chronic illness.</p>\r\n<p>Benefit payments reduce the policy's death benefit and other values under the policy. If the entire death benefit is accelerated, the policy will terminate.<br>\r\n</p>\r\n<p>Benefits paid by accelerating the policy’s death benefit may or may not qualify for favorable tax treatment under Section 101(g) of the Internal Revenue Code of 1986.</p>\r\n" } ] }, { "categoryTitle" : "Indexed Accounts", "points" : [ { "title" : "1-Year", "description" : null }, { "title" : "1-Year High Cap", "description" : null }, { "title" : "1-Year High Par Volatility Control", "description" : null }, { "title" : "1-Year Volatility Control", "description" : null }, { "title" : "High Par 5-Year", "description" : null }, { "title" : "1-Year Invesco QQQ®", "description" : null }, { "title" : "1-Year No Cap Dynamic Par", "description" : null }, { "title" : "2-Year Indexed Account", "description" : null } ] }, { "categoryTitle" : "Enhanced Performance Factor Rider", "points" : [ { "title" : "Yes", "description" : "<p><b>Enhanced Performance Factor Rider</b></p>\r\n<p><i>(Form series R18EPF, S23EPF, varies based on state of policy issue)</i></p>\r\n<p>The Enhanced Performance Factor Rider may provide a boost to the interest crediting potential of certain Pacific Life Insurance Company indexed universal life insurance policies, starting in policy year 2. If elected at policy issue, the rider allows the policyowner to choose between four rider designs, each with a different Performance Factor and associated monthly rider charge.<br>\r\n<br>\r\n● Classic - No benefit and no charge<br>\r\n● Plus - Provides a level potential benefit based on a segment-based charge that is assessed as a percentage of the indexed segment value.<br>\r\n● Performance - Provides a higher potential benefit in most policy years based on a segment-based charge that is assessed as a percentage of the indexed segment value.<br>\r\n● Performance Plus - Provides the highest potential benefit in based on a higher segment-based charge that is assessed as a percentage of the indexed segment value.<br>\r\n<br>\r\nOnce elected, the policyowner can change between the three rider designs as frequently as annually. Performance Factors may vary by product, indexed account, and policy year.</p>\r\n" } ] }, { "categoryTitle" : "Subaccount Investment Choices", "points" : [ { "title" : "No", "description" : null } ] }, { "categoryTitle" : "No-Lapse Guarantees", "points" : [ { "title" : "Choice of duration up to younger insured's lifetime", "description" : "<p><b>Flexible Duration No-Lapse Guarantee Rider</b></p>\r\n<p><i>(Form series R17FNL, S17FNL, varies based on state of policy issue)</i></p>\r\n<p>The flexible duration no-lapse guarantee, depending on how your client structures their policy, has a maximum duration of the younger insured’s lifetime, subject to certain limits. If your client’s net no-lapse guarantee value is zero, the no-lapse feature terminates. If the no-lapse feature terminates, additional premiums would be required to resume the no-lapse guarantee. If policy performance is such that your client’s policy is being maintained solely by the no-lapse guarantee, your client’s policy will not build cash value.</p>\r\n" } ] }, { "categoryTitle" : "Chronic Illness Benefits", "points" : [ { "title" : "Yes (optional)", "description" : "<p><b>Premier Living Benefits Rider 2</b></p>\r\n<p><i>(Form series R18ADB, S18ADB, varies based on state of policy issue)</i></p>\r\n<p>The Premier Living Benefits Rider 2 is an accelerated death benefit rider for chronic illness. There is no upfront charge for this rider. When exercised, the rider reduces the death benefit by a greater amount than the rider benefit payout. This rider allows the policyowner to accelerate a portion of the death benefit as rider benefit payments while the insured is certified as having a chronic illness (unable to perform at least 2 of the 6 activities of daily living or requiring substantial supervision due to cognitive impairment). The Premier Living Benefits Rider requires the insured's chronic illness to be deemed permanent. Chronic illness riders are a life insurance component that enhance the flexibility of a life insurance policy to provide benefits if the insured develops a chronic illness.<br>\r\n</p>\r\n<p>Benefit payments reduce the policy's death benefit and other values under the policy. If the entire death benefit is accelerated, the policy will terminate.<br>\r\n<br>\r\nBenefits paid by accelerating the policy’s death benefit may or may not qualify for favorable tax treatment under Section 101(g) of the Internal Revenue Code of 1986.</p>\r\n" } ] }, { "categoryTitle" : "Long-Term Care Benefits", "points" : [ { "title" : "No", "description" : null } ] }, { "categoryTitle" : "Coverage Types", "points" : [ { "title" : "Annual Renewable Term Rider-Last Survivor", "description" : "<p><b>Annual Renewable Term Rider-Last Survivor</b></p>\r\n<p><i>(Form series R19ARL, S19ARL, varies based on state of policy issue)</i></p>\r\n<p>May be used to provide annual renewable term insurance on both of the lives covered by Basic Coverage. The ARTR-LS death benefit is payable upon the death of the last surviving insured. This coverage is non-commissionable.</p>\r\n" }, { "title" : "Basic Coverage", "description" : "<p><b>Basic Coverage</b></p>\r\n<p>Basic Coverage provides insurance on the primary insured (or insureds for survivor products) that is payable upon the death of the insured (surviving insureds for survivorship products). It is not available on any other lives. Basic Coverage is commissionable.</p>\r\n" } ] }, { "categoryTitle" : "Standard Riders (issued with policy)", "points" : [ { "title" : "Alternate Loan Rider 2", "description" : "<p><b>Alternate Loan Rider 2</b></p>\r\n<p><i>(Form series R20ALR2, S20ALR2, varies based on state of policy issue)</i></p>\r\n<p>Alternate loans allow policyowners to borrow against the accumulated value in certain 1-year indexed accounts. They offer more potential income but also higher risk than standard loans. Loaned amount receives indexed interest crediting and is charged a current interest rate that may vary by product (guaranteed maximum rate of 7.50%).</p>\r\n" }, { "title" : "Conversion Rider", "description" : "<p><b>Conversion Rider</b></p>\r\n<p><i>(Form #R13CON, varies based on state of policy issue)</i></p>\r\n<p>The Conversion Rider allows policyowner to convert eligible coverages to any other eligible life insurance product with no new underwriting or surrender charges on the original policy during the conversion year. There is no monthly rider charge and no charge to exercise the rider.</p>\r\n" }, { "title" : "Eligible Account Benefit Rider", "description" : "<p><b>Eligible Account Benefit Rider</b></p>\r\n<p><i>(Form #R21EAB, varies based on state of policy issue)</i></p>\r\n<p>Automatically added to the policy at no additional cost, the Eligible Account Benefit Rider (EABR) provides an additional account credit (Account Benefit) to the policy at the end of the segment term based on the average indexed account value of eligible indexed accounts. At segment maturity, the credit is allocated according to the policy’s segment maturity reallocation instructions. Eligible accounts vary by product and include the [1-Year Volatility Control and 3-Year Indexed Account]. The account benefit is guaranteed to be at least 0.01% and may be higher on a current basis.</p>\r\n" }, { "title" : "Enhanced Policy Split Option Rider", "description" : "<p><b>Enhanced Policy Split Option Rider</b></p>\r\n<p><i>(Form #R17ESO, varies based on state of policy issue)</i></p>\r\n<p>If certain federal estate tax laws change significantly, the Enhanced Policy Split Option Rider allows (subject to limitations) the policy to be split into two new policies (one on each insured) with no new medical underwriting if split equally.</p>\r\n" }, { "title" : "Interest Guarantee on Termination Rider", "description" : "<p><b>Interest Guarantee on Termination Rider</b></p>\r\n<p><i>(Form #R20IGT, varies based on state of policy issue)</i></p>\r\n<p>The Interest Guarantee on Termination Rider provides an alternate accumulated value (AAV) that, if higher than the policy’s actual accumulated value, is used to determine the amount available at the insured’s death, policy surrender, or to help prevent policy lapse. The AAV increases with premiums paid and is reduced by policy distributions and some of the current policy charges. The AAV is then credited with 1% annual interest on current allocations among the fixed account, 1-year indexed accounts, and loan account; and excludes any indexed segment credits or additional interest credits. The rider is included at no additional cost.</p>\r\n" }, { "title" : "Flexible Duration No-Lapse Guarantee Rider", "description" : "<p><b>Flexible Duration No-Lapse Guarantee Rider</b></p>\r\n<p><i>(Form series R17FNL, S17FNL, varies based on state of policy issue)</i></p>\r\n<p>The no-lapse guarantee, depending on how your client structures their policy, has a maximum duration of the younger insured’s lifetime, subject to certain limits. If your client’s net no-lapse guarantee value is zero, the no-lapse feature terminates. If the no-lapse feature terminates, additional premiums would be required to resume the no-lapse guarantee. If policy performance is such that your client’s policy is being maintained solely by the no-lapse guarantee, your client’s policy will not build cash value.</p>\r\n" }, { "title" : "Policy Split Option Rider", "description" : "<p><b>Policy Split Option Rider</b></p>\r\n<p><i>(Form #R03PSO)</i></p>\r\n<p>If the policyowners no longer wish to keep their policy in its entirety, they may exercise this rider to split the original policy into any two new single life policies that Pacific Life makes available at the time subject to new medical underwriting and approval of the application.</p>\r\n" }, { "title" : "Terminal Illness Rider-Last Survivor", "description" : "<p><b>Terminal Illness Rider-Last Survivor</b></p>\r\n<p><i>(Form #R14TSI, varies based on state of policy issue)</i></p>\r\n<p>If Premier Living Benefits Rider 2 is not elected on the policy, this rider will automatically be issued with the policy at no additional charge. This rider allows the policyowner access to a portion of the policy’s death benefit after the surviving insured is diagnosed with a terminal illness resulting in a life expectancy of 12 months or less (some states require a period other than 12 months—check for state variations). The cost of exercising the rider is that the death benefit is reduced by an amount greater than the rider benefit payment itself to reflect the early payment of the death benefit.</p>\r\n" } ] }, { "categoryTitle" : "Optional Riders (must be elected at policy issue)", "points" : [ { "title" : "Annual Renewable Term Rider-Last Survivor", "description" : "<p><b>Annual Renewable Term Rider - Last Survivor</b></p>\r\n<p><i>(Form series R19ARL, S19ARL, varies based on state of policy issue)</i></p>\r\n<p>May be used to provide annual renewable term insurance on both of the lives covered by Basic Coverage. The ARTR-LS death benefit is payable upon the death of the last surviving insured and is non-commissionable.</p>\r\n" }, { "title" : "Enhanced Performance Factor Rider", "description" : "<p><b>Enhanced Performance Factor Rider</b></p>\r\n<p><i>(Form series R18EPF, S18EPF, varies based on state of policy issue)</i></p>\r\n<p>The Enhanced Performance Factor Rider may provide a boost to the interest crediting potential of certain Pacific Life Insurance Company indexed universal life insurance policies, starting in policy year 2. If elected at policy issue, the rider allows the policyowner to choose between three rider designs, each with a different Performance Factor and associated monthly rider charge.<br>\r\n<br>\r\n● Classic - No benefit and no charge<br>\r\n● Performance - Provides a potential benefit based on a segment-based charge that is assessed as a percentage of your indexed segment value.<br>\r\n● Performance Plus - Provides the highest potential benefit based on a higher segment-based charge that is assessed as a percentage of your indexed segment value.<br>\r\n<br>\r\nOnce elected, the policyowner can change between the three rider designs as frequently as annually. Performance Factors may vary by product, indexed account, and policy year.&quot;</p>\r\n" }, { "title" : "Estate Preservation Rider", "description" : "<p><b>Estate Preservation Rider</b></p>\r\n<p><i>(Form #R13EPR, varies based on state of policy issue)</i></p>\r\n<p>The Estate Preservation Rider (EPR) provides additional death benefit coverage in the first four policy years of up to 67% of the initial Total Face Amount at an additional cost. The additional coverage is subject to certain age, risk classifications and amount limits and is payable in the event that both insureds die in the first four policy years.</p>\r\n" }, { "title" : "Premier Living Benefits Rider 2", "description" : "<p><b>Premier Living Benefits Rider 2</b></p>\r\n<p><i>(Form series R18ADB, S18ADB, varies based on state of policy issue)</i></p>\r\n<p>The Premier Living Benefits Rider 2 is an accelerated death benefit rider for chronic illness. There is no upfront charge for this rider. When exercised, the rider reduces the death benefit by a greater amount than the rider benefit payout. This rider allows the policyowner to accelerate a portion of the death benefit as rider benefit payments while the insured is certified as having a chronic illness (unable to perform at least 2 of the 6 activities of daily living or requiring substantial supervision due to cognitive impairment). The Premier Living Benefits Rider requires the insured's chronic illness to be deemed permanent. Chronic illness riders are a life insurance component that enhance the flexibility of a life insurance policy to provide benefits if the insured develops a chronic illness.</p>\r\n<p>Benefit payments reduce the policy's death benefit and other values under the policy. If the entire death benefit is accelerated, the policy will terminate.</p>\r\n<p>Benefits paid by accelerating the policy’s death benefit may or may not qualify for favorable tax treatment under Section 101(g) of the Internal Revenue Code of 1986.</p>\r\n" }, { "title" : "Surrender Enhancement Rider", "description" : "<p><b>Surrender Enhancement Rider</b></p>\r\n<p><i>(Form series R19SER, S18SER, varies based on state of policy issue)</i></p>\r\n<p>If elected at policy issue, the optional Surrender Enhancement Rider increases the ratio of cash surrender value to premiums paid during the policy’s early years, which may be useful in certain business planning and premium financing scenarios. Once elected, this rider cannot be terminated unless the policy terminates. If the policy is surrendered as part of an external replacement, the policyowner may pay surrender charges if the policy is still within its first 10 policy years.</p>\r\n" } ] } ] }, { "productTitle" : "Pacific Trident IUL", "formNumber" : "<p>Form series P15IUL, S20TRI¹</p>\r\n", "path" : "/content/life-affluent/products/iul/pacific-trident-iul", "categories" : [ { "categoryTitle" : "Product Type", "points" : [ { "title" : "Single life indexed universal life insurance", "description" : null } ] }, { "categoryTitle" : "Consumer Needs", "points" : [ { "title" : "Death benefit protection", "description" : null }, { "title" : "Supplemental retirement income", "description" : null }, { "title" : "Corporate-sponsored cases", "description" : null }, { "title" : "Premium-financing cases", "description" : null }, { "title" : "1035 Exchanges", "description" : "<p><b>Note on exchanges</b></p>\r\n<p>There are circumstances in which replacing your client’s existing life insurance or annuity can benefit your client. As a general rule, however, replacement is not in your client’s best interest. 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 detailed information to your client and discuss whether replacement is in your client’s best interest.</p>\r\n" } ] }, { "categoryTitle" : "Key Features", "points" : [ { "title" : "No premium load, guaranteed (surplus premium load may apply)", "description" : null }, { "title" : "A wide range of indexed accounts", "description" : null }, { "title" : "No-lapse guarantee duration up to lifetime", "description" : "<p><b>No-Lapse Guarantees</b></p>\r\n<p><i>(Form series R17FNL, S18FNL, varies based on state of policy issue)</i></p>\r\n<p>The flexible duration no-lapse guarantee, depending on how your client structures their policy, has a maximum duration of the insured’s lifetime, subject to certain limits. If your client’s net no-lapse guarantee value is zero, the no-lapse feature terminates. If the no-lapse feature terminates, additional premiums would be required to resume the no-lapse guarantee. If policy performance is such that your client’s policy is being maintained solely by the no-lapse guarantee, your client’s policy will not build cash value.</p>\r\n" }, { "title" : "Choice of optional chronic illness or long-term care benefits", "description" : "<p><b>Chronic illness benefits provided by Premier Living Benefits Rider 2 and long-term care benefits provided by Premier LTC Rider.</b></p>\r\n<p><i>(Form series R18ADB, S18ADB, varies by state of policy issue and R15LTC, R15LTC SP, varies based on state of policy issue)</i></p>\r\n<p>The Premier Living Benefits Rider 2 is an accelerated death benefit rider for chronic illness. There is no upfront charge for this rider. When exercised, the rider reduces the death benefit by a greater amount than the rider benefit payout. The Premier LTC Rider is an accelerated death benefit rider for long-term care. There is a monthly charge for this rider. Policyowner has choice of 2% or 4% maximum monthly benefit.</p>\r\n" } ] }, { "categoryTitle" : "Indexed Accounts", "points" : [ { "title" : "1-Year", "description" : null }, { "title" : "1-Year High Cap Flex", "description" : null }, { "title" : "1-Year International", "description" : null }, { "title" : "1-Year No Cap Flex", "description" : null }, { "title" : "1-Year High Cap Plus", "description" : "<p><b>Additional Indexed Account Rider</b></p>\r\n<p><i>(Form #R20AIA, varies based on state of policy issue)</i></p>\r\n<p>The optional Additional Indexed Account Rider makes available two indexed account options with segment adjustment factors that may provide a potential boost to indexed crediting. Each indexed account has a monthly charge. Rider charge is $1 per month ($12 annualized).</p>\r\n" }, { "title" : "1-Year Plus", "description" : "<p><b>Additional Indexed Account Rider</b></p>\r\n<p><i>(Form #R20AIA, varies based on state of policy issue)</i></p>\r\n<p>The optional Additional Indexed Account Rider makes available two indexed account options with segment adjustment factors that may provide a potential boost to indexed crediting. Each indexed account has a monthly charge. Rider charge is $1 per month ($12 annualized).</p>\r\n" }, { "title" : "2-Year", "description" : null }, { "title" : "High Par 5-Year", "description" : null } ] }, { "categoryTitle" : "Enhanced Performance Factor Rider", "points" : [ { "title" : "No", "description" : null } ] }, { "categoryTitle" : "Subaccount Investment Choices", "points" : [ { "title" : "No", "description" : null } ] }, { "categoryTitle" : "No-Lapse Guarantees", "points" : [ { "title" : "Choice of duration up to lifetime", "description" : "<p><b>No-Lapse Guarantees</b></p>\r\n<p><i>Short-Term No-Lapse Guarantee Rider (Form #R02NL5) and Flexible Duration No-Lapse Guarantee Rider (Form series R17FNL, S18FNL, varies based on state of policy issue)</i></p>\r\n<p>Short-Term No-Lapse Guarantee Rider is issued with all policies electing Death Benefit Option A or B with insureds issue ages 75 and under. Paying only the Short-Term No-Lapse Premiums will guarantee the death benefit from four to 20 years but will not guarantee cash value accumulation. If your client discontinues paying the Short-Term No-Lapse 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.</p>\r\n<p>The flexible duration no-lapse guarantee, depending on how your client structures their policy, has a maximum duration of the insured’s lifetime, subject to certain limits. If your client’s net no-lapse guarantee value is zero, the no-lapse feature terminates. If the no-lapse feature terminates, additional premiums would be required to resume the no-lapse guarantee. If policy performance is such that your client’s policy is being maintained solely by the no-lapse guarantee, your client’s policy will not build cash value.</p>\r\n" } ] }, { "categoryTitle" : "Chronic Illness Benefits", "points" : [ { "title" : "Yes (optional)", "description" : "<p><b>Premier Living Benefits Rider 2</b></p>\r\n<p><i>(Form series R18ADB, S18ADB, varies based on state of policy issue)</i></p>\r\n<p>The Premier Living Benefits Rider 2 is an accelerated death benefit rider for chronic illness. There is no upfront charge for this rider. When exercised, the rider reduces the death benefit by a greater amount than the rider benefit payout. This rider allows the policyowner to accelerate a portion of the death benefit as rider benefit payments while the insured is certified as having a chronic illness (unable to perform at least 2 of the 6 activities of daily living or requiring substantial supervision due to cognitive impairment). The Premier Living Benefits Rider requires the insured's chronic illness to be deemed permanent. Chronic illness riders are a life insurance component that enhance the flexibility of a life insurance policy to provide benefits if the insured develops a chronic illness.<br>\r\n</p>\r\n<p>Benefit payments reduce the policy's death benefit and other values under the policy. If the entire death benefit is accelerated, the policy will terminate.<br>\r\n<br>\r\nBenefits paid by accelerating the policy’s death benefit may or may not qualify for favorable tax treatment under Section 101(g) of the Internal Revenue Code of 1986.</p>\r\n" } ] }, { "categoryTitle" : "Long-Term Care Benefits", "points" : [ { "title" : "Yes (optional)", "description" : "<p><b>Premier LTC Rider</b></p>\r\n<p><i>(Form series R15LTC, R15LTC SP, varies based on state of policy issue)</i></p>\r\n<p>The Premier LTC Rider is an accelerated death benefit rider for long-term care. There is a monthly charge for this rider. Policyowner has choice of 2% or 4% maximum monthly benefit. This rider allows the policyowner to accelerate a portion of the death benefit as rider benefit payments while the insured is certified as having a chronic illness (unable to perform at least 2 of the 6 activities of daily living or requiring substantial supervision due to cognitive impairment).</p>\r\n<p>The Premier LTC Rider in not available on a policy with the Premier Living Benefits Rider 2 or Benefit Distribution Rider. The Premier LTC Rider is subject to eligibility and underwriting approval. The policy to which this rider is attached is subject to a medical exam, Medical Information Bureau (MIB), and prescription report; and may include obtaining records from your physician, a Personal History Interview, and a Cognitive Assessment. The amount and duration of the maximum LTC Benefits and the rider charge will vary based on the benefit options elected at time of application and the use of policy benefits and features.<br>\r\n<br>\r\nThe rider charge is included as part of the monthly deduction for the policy. Rates for long-term care coverage under this rider may increase over time, but not above those stated in the policy. This rider is intended to provide federally tax-qualified long-term care insurance as defined in IRC Section 7702B(b). Exclusions apply. A health license is required to sell this rider.</p>\r\n" } ] }, { "categoryTitle" : "Coverage Types", "points" : [ { "title" : "Basic Coverage", "description" : "<p><b>Basic Coverage</b></p>\r\n<p>Basic Coverage provides insurance on the primary insured (or insureds for survivor products) that is payable upon the death of the insured (surviving insureds for survivorship products). It is not available on any other lives. Basic Coverage is commissionable.</p>\r\n" } ] }, { "categoryTitle" : "Standard Riders (issued with policy)", "points" : [ { "title" : "Alternate Loan Rider 2", "description" : "<p><b>Alternate Loan Rider 2</b></p>\r\n<p><i>(Form series R20ALR2, S20ALR2, varies based on state of policy issue)</i></p>\r\n<p>Alternate loans allow policyowners to borrow against the accumulated value in certain 1-year indexed accounts. They offer more potential income but also higher risk than standard loans. Loaned amount receives indexed interest crediting and is charged a current interest rate that may vary by product (guaranteed maximum rate of 7.50%).</p>\r\n" }, { "title" : "Conversion Rider", "description" : "<p><b>Conversion Rider</b></p>\r\n<p><i>(Form #R13CON, varies based on state of policy issue)</i></p>\r\n<p>The Conversion Rider allows policyowner to convert eligible coverages to any other eligible life insurance product with no new underwriting or surrender charges on the original policy during the conversion year. There is no monthly rider charge and no charge to exercise the rider.</p>\r\n" }, { "title" : "Interest Guarantee on Termination Rider", "description" : "<p><b>Interest Guarantee on Termination Rider</b></p>\r\n<p><i>(Form #R20IGT, varies based on state of policy issue)</i></p>\r\n<p>The Interest Guarantee on Termination Rider provides an alternate accumulated value (AAV) that, if higher than the policy’s actual accumulated value, is used to determine the amount available at the insured’s death, policy surrender, or to help prevent policy lapse. The AAV increases with premiums paid and is reduced by policy distributions and some of the current policy charges. The AAV is then credited with 1% annual interest on current allocations among the fixed account, 1-year indexed accounts, and loan account; and excludes any indexed segment credits or additional interest credits. The rider is included at no additional cost.</p>\r\n" }, { "title" : "Overloan Protection 3 Rider", "description" : "<p><b>Overloan Protection 3 Rider</b></p>\r\n<p><i>(Form series R15OLP, R15OLP SP, varies based on state of policy issue)</i></p>\r\n<p>The Overloan Protection 3 Rider, if exercised at the end of planned policy distributions, may help prevent policy lapse, particularly for policies with large outstanding loan balances. There is a one-time charge to exercise the rider, certain eligibility requirements must be met, and no further policy changes may be made after rider exercise. To help you illustrate the conditions for successful rider exercise, use Navigator illustration system’s “Auto-adjust illustration inputs for OLP” option in the “Riders” tab. The potential tax consequences of the Overloan Protection 3 Rider have not specifically been ruled on by the IRS or courts. Clients should consult their tax advisors.</p>\r\n" }, { "title" : "Short-Term No-Lapse Guarantee Rider", "description" : "<p><b>Short-Term No-Lapse Guarantee Rider</b></p>\r\n<p><i>(Form #R02NL5)</i></p>\r\n<p>Short-Term No-Lapse Guarantee Rider is issued with all policies electing Death Benefit Option A or B with insureds issue ages 75 and under. Paying only the Short-Term No-Lapse Premiums will guarantee the death benefit from four to 20 years but will not guarantee cash value accumulation. If your client discontinues paying the Short-Term No-Lapse 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.</p>\r\n" }, { "title" : "Terminal Illness Rider", "description" : "<p><b>Terminal Illness Rider</b></p>\r\n<p><i>(Form #R12TII, varies based on state of policy issue)</i></p>\r\n<p>If Premier Living Benefits Rider 2 is not elected on the policy, this rider will automatically be issued with the policy at no additional charge. This rider allows the policyowner access to a portion of the policy’s death benefit after the insured is diagnosed with a terminal illness resulting in a life expectancy of 12 months or less (some states require a period other than 12 months—check for state variations). The cost of exercising the rider is that the death benefit is reduced by an amount greater than the rider benefit payment itself to reflect the early payment of the death benefit.</p>\r\n" } ] }, { "categoryTitle" : "Optional Riders (must be elected at policy issue)", "points" : [ { "title" : "Additional Indexed Account Rider", "description" : "<p><b>Additional Indexed Account Rider</b></p>\r\n<p><i>(Form #R20AIA, varies based on state of policy issue)</i></p>\r\n<p>The optional Additional Indexed Account Rider makes available two indexed account options with segment adjustment factors that may provide a potential boost to indexed crediting. Each indexed account has a monthly charge. Rider charge is $1 per month ($12 annualized).</p>\r\n" }, { "title" : "Annual Renewable Term Rider-Additional Insured", "description" : "<p><b>Annual Renewable Term Rider–Additional Insured (ARTR-AI)</b></p>\r\n<p><i>(Form series R17RTA, S17RTA, varies based on state of policy issue)</i></p>\r\n<p>This rider provides term life insurance coverage on any member of the primary insured's&nbsp;immediate family (renewable annually) until the person covered reaches attained age 121 or the death of the primary insured, whichever is earlier.</p>\r\n" }, { "title" : "Limited Return of Premium Guarantee Rider", "description" : "<p><b>Limited Return of Premium Guarantee Rider</b></p>\r\n<p><i>(Form #R20ROP varies based on state of policy issue)</i></p>\r\n<p>Electing the optional Limited Return of Premium Guarantee Rider at policy issue guarantees that the policy's cash surrender value will be at least 85% of the sum of premiums paid (less any outstanding policy debt) for up to the first 10 policy years. Return of premium guarantee is subject to minimum premium requirement. The rider is available for eligible insureds up to age 68 based on table rating and death benefit option on policies that meet the $250,000 minimum face amount and the minimum premium requirement. Policies must remain 100% allocated among the fixed account, one-, and two-year indexed accounts. Not available for Juvenile policies, policies with flat extras, Table Ratings higher than E, Guaranteed Issue, Simplified Issue, or with ARTR-AI.</p>\r\n" }, { "title" : "Flexible Duration No-Lapse Guarantee Rider", "description" : "<p><b>Flexible Duration No-Lapse Guarantee Rider</b></p>\r\n<p><i>(Form Series R17FNL, S18FNL varies based on state of policy issue)</i></p>\r\n<p>The flexible duration no-lapse guarantee, depending on how your client structures their policy, has a maximum duration of the insured’s lifetime, subject to certain limits. If your client’s net no-lapse guarantee value is zero, the no-lapse feature terminates. If the no-lapse feature terminates, additional premiums would be required to resume the no-lapse guarantee. If policy performance is such that your client’s policy is being maintained solely by the no-lapse guarantee, your client’s policy will not build cash value.</p>\r\n" }, { "title" : "Premier Living Benefits Rider 2", "description" : "<p><b>Premier Living Benefits Rider 2</b></p>\r\n<p><i>(Form series R18ADB, S18ADB, varies based on state of policy issue)</i></p>\r\n<p>The Premier Living Benefits Rider 2 is an accelerated death benefit rider for chronic illness. There is no upfront charge for this rider. When exercised, the rider reduces the death benefit by a greater amount than the rider benefit payout. This rider allows the policyowner to accelerate a portion of the death benefit as rider benefit payments while the insured is certified as having a chronic illness (unable to perform at least 2 of the 6 activities of daily living or requiring substantial supervision due to cognitive impairment). The Premier Living Benefits Rider requires the insured's chronic illness to be deemed permanent. Chronic illness riders are a life insurance component that enhance the flexibility of a life insurance policy to provide benefits if the insured develops a chronic illness.</p>\r\n<p>Benefit payments reduce the policy's death benefit and other values under the policy. If the entire death benefit is accelerated, the policy will terminate.</p>\r\n<p>Benefits paid by accelerating the policy’s death benefit may or may not qualify for favorable tax treatment under Section 101(g) of the Internal Revenue Code of 1986.</p>\r\n" }, { "title" : "Premier LTC Rider", "description" : "<p><b>Premier LTC Rider</b></p>\r\n<p><i>(Form series R15LTC, R15LTC SP, varies based on state of policy issue)</i></p>\r\n<p>The Premier LTC Rider is an accelerated death benefit rider for long-term care. There is a monthly charge for this rider. Policyowner has choice of 2% or 4% maximum monthly benefit. This rider allows the policyowner to accelerate a portion of the death benefit as rider benefit payments while the insured is certified as having a chronic illness (unable to perform at least 2 of the 6 activities of daily living or requiring substantial supervision due to cognitive impairment).</p>\r\n<p>The Premier LTC Rider in not available on a policy with the Premier Living Benefits Rider 2 or Benefit Distribution Rider. The Premier LTC Rider is subject to eligibility and underwriting approval. The policy to which this rider is attached is subject to a medical exam, Medical Information Bureau (MIB), and prescription report; and may include obtaining records from your physician, a Personal History Interview, and a Cognitive Assessment. The amount and duration of the maximum LTC Benefits and the rider charge will vary based on the benefit options elected at time of application and the use of policy benefits and features. The rider charge is included as part of the monthly deduction for the policy. Rates for long-term care coverage under this rider may increase over time, but not above those stated in the policy. This rider is intended to provide federally tax-qualified long-term care insurance as defined in IRC Section 7702B(b). Exclusions apply. Benefit payments reduce the policy's death benefit and other values under the policy. If the entire death benefit is accelerated, the policy will terminate. A health license is required to sell this rider.</p>\r\n" } ] } ] }, { "productTitle" : "Pacific Horizon ECV IUL", "formNumber" : "<p>Form series P21IUL, S22ECV¹</p>\r\n", "path" : "/content/life-affluent/products/iul/pacific-horizon-ecv-iul", "categories" : [ { "categoryTitle" : "Product Type", "points" : [ { "title" : "Single life indexed universal life insurance", "description" : null } ] }, { "categoryTitle" : "Consumer Needs", "points" : [ { "title" : "Death benefit protection", "description" : null }, { "title" : "Early-year cash surrender value", "description" : null }, { "title" : "Corporate-sponsored cases", "description" : null }, { "title" : "Premium-financing cases", "description" : null }, { "title" : "1035 Exchanges", "description" : "<p><b>Note on exchanges</b></p>\r\n<p>There are circumstances in which replacing your client’s existing life insurance or annuity can benefit your client. As a general rule, however, replacement is not in your client’s best interest. 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 detailed information to your client and discuss whether replacement is in your client’s best interest.</p>\r\n" }, { "title" : "Supplemental retirement income", "description" : null } ] }, { "categoryTitle" : "Key Features", "points" : [ { "title" : "Three performance factor rider designs for a potential boost to policy performance", "description" : "<p><b>Enhanced Performance Factor Rider</b></p>\r\n<p><i>(Form series R18EPF, S18EPF, varies based on state of policy issue)</i></p>\r\n<p>The Enhanced Performance Factor Rider may provide a boost to the interest crediting potential of certain Pacific Life Insurance Company indexed universal life insurance policies, starting in policy year 2. If elected at policy issue, the rider allows the policyowner to choose between three rider designs, each with a different Performance Factor and associated monthly rider charge.<br>\r\n<br>\r\n● Classic - No benefit and no charge<br>\r\n● Performance - Provides a potential benefit based on a segment-based charge that is assessed as a percentage of the indexed segment value.<br>\r\n● Performance Plus - Provides the highest potential benefit based on a higher segment-based charge that is assessed as a percentage of the indexed segment value.<br>\r\n<br>\r\nOnce elected, the policyowner can change between the three rider designs as frequently as annually. Performance Factors may vary by product, indexed account, and policy year.</p>\r\n" }, { "title" : "High early-year cash surrender value potential", "description" : "<p><b>SVER-3 Term Insurance Rider</b></p>\r\n<p><i>(Form series R18SV3, S18SV3, varies based on state of policy issue)</i></p>\r\n<p>The optional SVER-3 Term Insurance Rider may increase the ratio of cash surrender value to premiums paid during the policy’s early years, which may be useful in certain business planning and premium financing scenarios.</p>\r\n" }, { "title" : "Eight indexed accounts", "description" : null }, { "title" : "Choice of chronic illness or long-term care benefits", "description" : "<p><b>Chronic illness benefits provided by Premier Living Benefits Rider 2 and long-term care benefits provided by Premier LTC Rider.</b></p>\r\n<p><i>(Form series R18ADB, S18ADB, varies by state of policy issue and R15LTC, R15LTC SP, varies based on state of policy issue)</i></p>\r\n<p>The Premier Living Benefits Rider 2 is an accelerated death benefit rider for chronic illness. There is no upfront charge for this rider. When exercised, the rider reduces the death benefit by a greater amount than the rider benefit payout. The Premier LTC Rider is an accelerated death benefit rider for long-term care. There is a monthly charge for this rider. Policyowner has choice of 2% or 4% maximum monthly benefit.</p>\r\n" }, { "title" : "No-lapse guarantee duration up to lifetime", "description" : "<p><b>No-Lapse Guarantees</b></p>\r\n<p><i>(Form series R17FNL, S18FNL, varies based on state of policy issue)</i></p>\r\n<p>The flexible duration no-lapse guarantee, depending on how your client structures their policy, has a maximum duration of the insured’s lifetime, subject to certain limits. If your client’s net no-lapse guarantee value is zero, the no-lapse feature terminates. If the no-lapse feature terminates, additional premiums would be required to resume the no-lapse guarantee. If policy performance is such that your client’s policy is being maintained solely by the no-lapse guarantee, your client’s policy will not build cash value.</p>\r\n" } ] }, { "categoryTitle" : "Indexed Accounts", "points" : [ { "title" : "1-Year", "description" : null }, { "title" : "1-Year High Cap", "description" : null }, { "title" : "1-Year High Par Volatility Control", "description" : null }, { "title" : "1-Year Volatility Control", "description" : null }, { "title" : "High Par 5-Year", "description" : null }, { "title" : "1-Year Invesco QQQ®", "description" : null }, { "title" : "1-Year No Cap Dynamic Par", "description" : null }, { "title" : "2-Year Indexed Account", "description" : null } ] }, { "categoryTitle" : "Enhanced Performance Factor Rider", "points" : [ { "title" : "Yes", "description" : "<p><b>Enhanced Performance Factor Rider</b></p>\r\n<p><i>(Form series R18EPF, S18EPF, varies based on state of policy issue)</i></p>\r\n<p>The Enhanced Performance Factor Rider may provide a boost to the interest crediting potential of certain Pacific Life Insurance Company indexed universal life insurance policies, starting in policy year 2. If elected at policy issue, the rider allows the policyowner to choose between three rider designs, each with a different Performance Factor and associated monthly rider charge.<br>\r\n<br>\r\n● Classic - No benefit and no charge<br>\r\n● Performance - Provides a potential benefit based on a segment-based charge that is assessed as a percentage of the indexed segment value.<br>\r\n● Performance Plus - Provides the highest potential benefit based on a higher segment-based charge that is assessed as a percentage of the indexed segment value.<br>\r\n<br>\r\nOnce elected, the policyowner can change between the three rider designs as frequently as annually. Performance Factors may vary by product, indexed account, and policy year.</p>\r\n" } ] }, { "categoryTitle" : "Subaccount Investment Choices", "points" : [ { "title" : "No", "description" : null } ] }, { "categoryTitle" : "No-Lapse Guarantees", "points" : [ { "title" : "Choice of duration up to lifetime", "description" : "<p><b>No-Lapse Guarantees</b></p>\r\n<p><i>Short-Term No-Lapse Guarantee Rider (Form #R02NL5) and Flexible Duration No-Lapse Guarantee Rider (Form series R17FNL, S18FNL, varies based on state of policy issue)</i></p>\r\n<p>Short-Term No-Lapse Guarantee Rider is issued with all policies electing Death Benefit Option A or B with insureds issue ages 75 and under. Paying only the Short-Term No-Lapse Premiums will guarantee the death benefit from four to 20 years but will not guarantee cash value accumulation. If your client discontinues paying the Short-Term No-Lapse 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.</p>\r\n<p>The flexible duration no-lapse guarantee, depending on how your client structures their policy, has a maximum duration of the insured’s lifetime, subject to certain limits. If your client’s net no-lapse guarantee value is zero, the no-lapse feature terminates. If the no-lapse feature terminates, additional premiums would be required to resume the no-lapse guarantee. If policy performance is such that your client’s policy is being maintained solely by the no-lapse guarantee, your client’s policy will not build cash value.</p>\r\n" } ] }, { "categoryTitle" : "Chronic Illness Benefits", "points" : [ { "title" : "Yes (optional)", "description" : "<p><b>Premier Living Benefits Rider 2</b></p>\r\n<p><i>(Form series R18ADB, S18ADB, varies based on state of policy issue)</i></p>\r\n<p>The Premier Living Benefits Rider 2 is an accelerated death benefit rider for chronic illness. There is no upfront charge for this rider. When exercised, the rider reduces the death benefit by a greater amount than the rider benefit payout. This rider allows the policyowner to accelerate a portion of the death benefit as rider benefit payments while the insured is certified as having a chronic illness (unable to perform at least 2 of the 6 activities of daily living or requiring substantial supervision due to cognitive impairment). The Premier Living Benefits Rider requires the insured's chronic illness to be deemed permanent. Chronic illness riders are a life insurance component that enhance the flexibility of a life insurance policy to provide benefits if the insured develops a chronic illness.<br>\r\n</p>\r\n<p>Benefit payments reduce the policy's death benefit and other values under the policy. If the entire death benefit is accelerated, the policy will terminate.<br>\r\n<br>\r\nBenefits paid by accelerating the policy’s death benefit may or may not qualify for favorable tax treatment under Section 101(g) of the Internal Revenue Code of 1986.</p>\r\n" } ] }, { "categoryTitle" : "Long-Term Care Benefits", "points" : [ { "title" : "Yes (optional)", "description" : "<p><b>Premier LTC Rider</b></p>\r\n<p><i>(Form series R15LTC, R15LTC SP, varies based on state of policy issue)</i></p>\r\n<p>The Premier LTC Rider is an accelerated death benefit rider for long-term care. There is a monthly charge for this rider. Policyowner has choice of 2% or 4% maximum monthly benefit. This rider allows the policyowner to accelerate a portion of the death benefit as rider benefit payments while the insured is certified as having a chronic illness (unable to perform at least 2 of the 6 activities of daily living or requiring substantial supervision due to cognitive impairment).</p>\r\n<p>The Premier LTC Rider in not available on a policy with the Premier Living Benefits Rider 2 or Benefit Distribution Rider. The Premier LTC Rider is subject to eligibility and underwriting approval. The policy to which this rider is attached is subject to a medical exam, Medical Information Bureau (MIB), and prescription report; and may include obtaining records from your physician, a Personal History Interview, and a Cognitive Assessment. The amount and duration of the maximum LTC Benefits and the rider charge will vary based on the benefit options elected at time of application and the use of policy benefits and features.<br>\r\n<br>\r\nThe rider charge is included as part of the monthly deduction for the policy. Rates for long-term care coverage under this rider may increase over time, but not above those stated in the policy. This rider is intended to provide federally tax-qualified long-term care insurance as defined in IRC Section 7702B(b). Exclusions apply. A health license is required to sell this rider.</p>\r\n" } ] }, { "categoryTitle" : "Coverage Types", "points" : [ { "title" : "Annual Renewable Term Rider", "description" : "<p><b>Annual Renewable Term Rider</b></p>\r\n<p><i>(Form #R17ART, S17ART, varies based on state of policy issue)</i></p>\r\n<p>If elected at policy issue, rider may be used to provide annual renewable term life insurance on the primary insured. Annual Renewable Term Rider coverage provides a death benefit and is non-commissionable.</p>\r\n" }, { "title" : "Basic Coverage", "description" : "<p><b>Basic Coverage</b></p>\r\n<p>Basic Coverage provides insurance on the primary insured (or insureds for survivor products) that is payable upon the death of the insured (surviving insureds for survivorship products). It is not available on any other lives. Basic Coverage is commissionable.</p>\r\n" }, { "title" : "Scheduled Annual Renewable Term Rider", "description" : "<p><b>Scheduled Annual Renewable Term Rider</b></p>\r\n<p><i>(Form series R15SRT, S17SRT, varies based on state of policy issue)</i></p>\r\n<p>If elected at policy issue, rider may be used to provide scheduled annual renewable term life insurance on the primary insured via scheduled increases. Maximum annual increase is 20% of total face amount prior to increase for attained ages 0-79 and 5% for ages 80-94. This rider’s face amount is $0 at policy issue and increases as each scheduled increase is processed. This rider may not be issued on same policy with Premier Living Benefits Rider 2 or Premier LTC Rider.</p>\r\n" }, { "title" : "SVER-3 Term Insurance Rider", "description" : "<p><b>SVER-3 Term Insurance Rider</b></p>\r\n<p><i>(Form series R18SV3, S18SV3, varies based on state of policy issue)</i></p>\r\n<p>If elected at policy issue, the optional SVER-3 Term Insurance Rider coverage may increase the ratio of cash surrender value to premiums paid during the policy’s early years, which may be useful in certain business planning and premium financing scenarios. Generally, this rider provides a higher Cash Surrender Value in the first 7 to 10 policy years and a lower Cash Surrender Value after the 10th policy year than a policy with Basic Coverage alone. SVER-3 Term Insurance Rider coverage is commissionable.</p>\r\n" } ] }, { "categoryTitle" : "Standard Riders (issued with policy)", "points" : [ { "title" : "Alternate Loan Rider 2", "description" : "<p><b>Alternate Loan Rider 2</b></p>\r\n<p><i>(Form series R20ALR2, S20ALR2, varies based on state of policy issue)</i></p>\r\n<p>Alternate loans allow policyowners to borrow against the accumulated value in certain 1-year indexed accounts. They offer more potential income but also higher risk than standard loans. Loaned amount receives indexed interest crediting and is charged a current interest rate that may vary by product (guaranteed maximum rate of 7.50%).</p>\r\n" }, { "title" : "Conversion Rider", "description" : "<p><b>Conversion Rider</b></p>\r\n<p><i>(Form #R13CON, varies based on state of policy issue)</i></p>\r\n<p>The Conversion Rider allows policyowner to convert eligible coverages to any other eligible life insurance product with no new underwriting or surrender charges on the original policy during the conversion year. There is no monthly rider charge and no charge to exercise the rider.</p>\r\n" }, { "title" : "Eligible Account Benefit Rider", "description" : "<p><b>Eligible Account Benefit Rider</b></p>\r\n<p><i>(Form #R21EAB, varies based on state of policy issue)</i></p>\r\n<p>Automatically added to the policy at no additional cost, the Eligible Account Benefit Rider (EABR) provides an additional account credit (Account Benefit) to the policy at the end of the segment term based on the average indexed account value of eligible indexed accounts. At segment maturity, the credit is allocated according to the policy’s segment maturity reallocation instructions. Eligible accounts vary by product and include the [1-Year Volatility Control and 3-Year Indexed Account]. The account benefit is guaranteed to be at least 0.01% and may be higher on a current basis.</p>\r\n" }, { "title" : "Interest Guarantee on Termination Rider", "description" : "<p><b>Interest Guarantee on Termination Rider</b></p>\r\n<p><i>(Form #R20IGT, varies based on state of policy issue)</i></p>\r\n<p>The Interest Guarantee on Termination Rider provides an alternate accumulated value (AAV) that, if higher than the policy’s actual accumulated value, is used to determine the amount available at the insured’s death, policy surrender, or to help prevent policy lapse. The AAV increases with premiums paid and is reduced by policy distributions and some of the current policy charges. The AAV is then credited with 1% annual interest on current allocations among the fixed account, 1-year indexed accounts, and loan account; and excludes any indexed segment credits or additional interest credits. The rider is included at no additional cost.</p>\r\n" }, { "title" : "Overloan Protection 3 Rider", "description" : "<p><b>Overloan Protection 3 Rider</b></p>\r\n<p><i>(Form series R15OLP, R15OLP SP, varies based on state of policy issue)</i></p>\r\n<p>The Overloan Protection 3 Rider, if exercised at the end of planned policy distributions, may help prevent policy lapse, particularly for policies with large outstanding loan balances. There is a one-time charge to exercise the rider, certain eligibility requirements must be met, and no further policy changes may be made after rider exercise. To help you illustrate the conditions for successful rider exercise, use Navigator illustration system’s “Auto-adjust illustration inputs for OLP” option in the “Riders” tab. The potential tax consequences of the Overloan Protection 3 Rider have not specifically been ruled on by the IRS or courts. Clients should consult their tax advisors.</p>\r\n" }, { "title" : "Short-Term No-Lapse Guarantee Rider", "description" : "<p><b>Short-Term No-Lapse Guarantee Rider</b></p>\r\n<p><i>(Form #R02NL5)</i></p>\r\n<p>Short-Term No-Lapse Guarantee Rider is issued with all policies electing Death Benefit Option A or B with insureds issue ages 75 and under. Paying only the Short-Term No-Lapse Premiums will guarantee the death benefit from four to 20 years but will not guarantee cash value accumulation. If your client discontinues paying the Short-Term No-Lapse 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.</p>\r\n" }, { "title" : "Terminal Illness Rider", "description" : "<p><b>Terminal Illness Rider</b></p>\r\n<p><i>(Form #R12TII, varies based on state of policy issue)</i></p>\r\n<p>If Premier Living Benefits Rider 2 is not elected on the policy, this rider will automatically be issued with the policy at no additional charge. This rider allows the policyowner access to a portion of the policy’s death benefit after the insured is diagnosed with a terminal illness resulting in a life expectancy of 12 months or less (some states require a period other than 12 months—check for state variations). The cost of exercising the rider is that the death benefit is reduced by an amount greater than the rider benefit payment itself to reflect the early payment of the death benefit.</p>\r\n" } ] }, { "categoryTitle" : "Optional Riders (must be elected at policy issue)", "points" : [ { "title" : "Annual Renewable Term Rider", "description" : "<p><b>Annual Renewable Term Rider</b></p>\r\n<p><i>(Form #R17ART, S17ART, varies based on state of policy issue)</i></p>\r\n<p>If elected at policy issue, rider may be used to provide annual renewable term life insurance on the primary insured. Annual Renewable Term Rider coverage provides a death benefit and is non-commissionable.</p>\r\n" }, { "title" : "Annual Renewable Term Rider-Additional Insured", "description" : "<p><b>Annual Renewable Term Rider–Additional Insured (ARTR-AI)</b></p>\r\n<p><i>(Form series R17RTA, S17RTA, varies based on state of policy issue)</i></p>\r\n<p>This rider provides term life insurance coverage on any member of the primary insured's&nbsp;immediate family (renewable annually) until the person covered reaches attained age 121 or the death of the primary insured, whichever is earlier.</p>\r\n" }, { "title" : "Enhanced Performance Factor Rider", "description" : "<p><b>Enhanced Performance Factor Rider</b></p>\r\n<p><i>(Form series R18EPF, S18EPF, varies based on state of policy issue)</i></p>\r\n<p>The Enhanced Performance Factor Rider may provide a boost to the interest crediting potential of certain Pacific Life Insurance Company indexed universal life insurance policies, starting in policy year 2. If elected at policy issue, the rider allows the policyowner to choose between three rider designs, each with a different Performance Factor and associated monthly rider charge.<br>\r\n<br>\r\n● Classic - No benefit and no charge<br>\r\n● Performance - Provides a potential benefit based on a segment-based charge that is assessed as a percentage of your indexed segment value.<br>\r\n● Performance Plus - Provides the highest potential benefit based on a higher segment-based charge that is assessed as a percentage of your indexed segment value.<br>\r\n<br>\r\nOnce elected, the policyowner can change between the three rider designs as frequently as annually. Performance Factors may vary by product, indexed account, and policy year.&quot;</p>\r\n" }, { "title" : "Flexible Duration No-Lapse Guarantee Rider", "description" : "<p><b>Flexible Duration No-Lapse Guarantee Rider</b></p>\r\n<p><i>(Form Series R17FNL, S18FNL varies based on state of policy issue)</i></p>\r\n<p>The flexible duration no-lapse guarantee, depending on how your client structures their policy, has a maximum duration of the insured’s lifetime, subject to certain limits. If your client’s net no-lapse guarantee value is zero, the no-lapse feature terminates. If the no-lapse feature terminates, additional premiums would be required to resume the no-lapse guarantee. If policy performance is such that your client’s policy is being maintained solely by the no-lapse guarantee, your client’s policy will not build cash value.</p>\r\n" }, { "title" : "Premier Living Benefits Rider 2", "description" : "<p><b>Premier Living Benefits Rider 2</b></p>\r\n<p><i>(Form series R18ADB, S18ADB, varies based on state of policy issue)</i></p>\r\n<p>The Premier Living Benefits Rider 2 is an accelerated death benefit rider for chronic illness. There is no upfront charge for this rider. When exercised, the rider reduces the death benefit by a greater amount than the rider benefit payout. This rider allows the policyowner to accelerate a portion of the death benefit as rider benefit payments while the insured is certified as having a chronic illness (unable to perform at least 2 of the 6 activities of daily living or requiring substantial supervision due to cognitive impairment). The Premier Living Benefits Rider requires the insured's chronic illness to be deemed permanent. Chronic illness riders are a life insurance component that enhance the flexibility of a life insurance policy to provide benefits if the insured develops a chronic illness.</p>\r\n<p>Benefit payments reduce the policy's death benefit and other values under the policy. If the entire death benefit is accelerated, the policy will terminate.</p>\r\n<p>Benefits paid by accelerating the policy’s death benefit may or may not qualify for favorable tax treatment under Section 101(g) of the Internal Revenue Code of 1986.</p>\r\n" }, { "title" : "Premier LTC Rider", "description" : "<p><b>Premier LTC Rider</b></p>\r\n<p><i>(Form series R15LTC, R15LTC SP, varies based on state of policy issue)</i></p>\r\n<p>The Premier LTC Rider is an accelerated death benefit rider for long-term care. There is a monthly charge for this rider. Policyowner has choice of 2% or 4% maximum monthly benefit. This rider allows the policyowner to accelerate a portion of the death benefit as rider benefit payments while the insured is certified as having a chronic illness (unable to perform at least 2 of the 6 activities of daily living or requiring substantial supervision due to cognitive impairment).</p>\r\n<p>The Premier LTC Rider in not available on a policy with the Premier Living Benefits Rider 2 or Benefit Distribution Rider. The Premier LTC Rider is subject to eligibility and underwriting approval. The policy to which this rider is attached is subject to a medical exam, Medical Information Bureau (MIB), and prescription report; and may include obtaining records from your physician, a Personal History Interview, and a Cognitive Assessment. The amount and duration of the maximum LTC Benefits and the rider charge will vary based on the benefit options elected at time of application and the use of policy benefits and features. The rider charge is included as part of the monthly deduction for the policy. Rates for long-term care coverage under this rider may increase over time, but not above those stated in the policy. This rider is intended to provide federally tax-qualified long-term care insurance as defined in IRC Section 7702B(b). Exclusions apply. Benefit payments reduce the policy's death benefit and other values under the policy. If the entire death benefit is accelerated, the policy will terminate. A health license is required to sell this rider.</p>\r\n" }, { "title" : "Scheduled Annual Renewable Term Rider", "description" : "<p><b>Scheduled Annual Renewable Term Rider</b></p>\r\n<p><i>(Form series R15SRT, S17SRT, varies based on state of policy issue)</i></p>\r\n<p>If elected at policy issue, rider may be used to provide scheduled annual renewable term life insurance on the primary insured via scheduled increases. Maximum annual increase is 20% of total face amount prior to increase for attained ages 0-79 and 5% for ages 80-94. This rider’s face amount is $0 at policy issue and increases as each scheduled increase is processed. This rider may not be issued on same policy with Premier Living Benefits Rider 2 or Premier LTC Rider.</p>\r\n" }, { "title" : "SVER-3 Term Insurance Rider", "description" : "<p><b>SVER-3 Term Insurance Rider</b></p>\r\n<p><i>(Form series R18SV3, S18SV3, varies based on state of policy issue)</i></p>\r\n<p>If elected at policy issue, the optional SVER-3 Term Insurance Rider may increase the ratio of cash surrender value to premiums paid during the policy’s early years, which may be useful in certain business planning and premium financing scenarios. Generally, this rider provides a higher Cash Surrender Value in the first 10 policy years and a lower Cash Surrender Value after the 10th policy year than a policy with Basic Coverage alone.</p>\r\n" } ] } ] } ] }, { "category" : "VUL", "products" : [ { "productTitle" : "Pacific Select VUL 2", "formNumber" : "<p>Form series P19VUL, S19VUL¹</p>\r\n", "path" : "/content/life-affluent/products/vul/pacific-select-vul-2", "categories" : [ { "categoryTitle" : "Product Type", "points" : [ { "title" : "Single life variable universal life insurance", "description" : null } ] }, { "categoryTitle" : "Consumer Needs", "points" : [ { "title" : "Death benefit protection", "description" : null }, { "title" : "Supplemental retirement income", "description" : null }, { "title" : "Corporate-sponsored cases", "description" : null } ] }, { "categoryTitle" : "Key Features", "points" : [ { "title" : "Wide range of investment options", "description" : null }, { "title" : "3 indexed accounts and 2 fixed accounts", "description" : null }, { "title" : "High early-year cash surrender value potential", "description" : "<p><b>SVER Term Insurance Rider–Corporate</b></p>\r\n<p><i>(Form series R18SV3, S19SV3C, varies based on state of policy issue)</i></p>\r\n<p>The optional SVER Term Insurance Rider-Corporate (SVER-C) may increase the ratio of cash surrender value to premiums paid during the policy’s early years, which may be useful in certain business planning and employer-sponsored arrangements. The rider may pay a termination credit in addition to cash surrender value if surrendered within the first 12 years and is available only to corporate-owned, corporate-trust-owned, or corporate sponsored policies. See Technical Guide for more information.</p>\r\n" }, { "title" : "No-lapse guarantee duration up to lifetime", "description" : "<p><b>No Lapse Guarantees</b></p>\r\n<p><i>Short-Term No-Lapse Guarantee Rider</i></p>\r\n<p><i>(Form series R12SNL, varies by state of policy issue)</i></p>\r\n<p>Short-Term No-Lapse Guarantee Rider is issued with all policies electing Death Benefit Option A or B with insureds issue ages 79 and under. Paying only the Short-Term No-Lapse Premiums will guarantee the death benefit from five to 20 years, but will not guarantee cash value accumulation. If your client discontinues paying the Short-Term No Lapse 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.<br>\r\n<br>\r\n</p>\r\n<p><i>Flexible Duration No-Lapse Guarantee Rider (Form series R17FNL, S18FNL, varies based on state of policy issue)</i><br>\r\n<br>\r\nThe flexible duration no-lapse guarantee, depending on how your client structures their policy, has a maximum duration of the insured’s lifetime, subject to certain limits. If your client’s net no-lapse guarantee value is zero, the no-lapse feature terminates. If the no-lapse feature terminates, additional premiums would be required to resume the no-lapse guarantee. If policy performance is such that your client’s policy is being maintained solely by the no-lapse guarantee, your client’s policy will not build cash value. For the rider’s guarantee to remain in place, the policyowner must not request an unscheduled increase in face amount and must remain 100% allocated among the Fixed Account or other Allowable Investment Options specified in the prospectus.</p>\r\n" }, { "title" : "Choice of chronic illness or long-term care benefits", "description" : "<p><b>Chronic illness benefits provided by Premier Living Benefits Rider 2 and long-term care benefits provided by Premier LTC Rider.</b></p>\r\n<p><i>(Form series R18ADB, S18ADB, varies by state of policy issue and R15LTC, R15LTC SP, varies based on state of policy issue)</i></p>\r\n<p>The Premier Living Benefits Rider 2 is an accelerated death benefit rider for chronic illness. There is no upfront charge for this rider. When exercised, the rider reduces the death benefit by a greater amount than the rider benefit payout. The Premier LTC Rider is an accelerated death benefit rider for long-term care. There is a monthly charge for this rider. Policyowner has choice of 2% or 4% maximum monthly benefit.</p>\r\n" } ] }, { "categoryTitle" : "Indexed Accounts", "points" : [ { "title" : "1-Year", "description" : null }, { "title" : "1-Year No Cap", "description" : null }, { "title" : "1-Year High Par", "description" : null } ] }, { "categoryTitle" : "Enhanced Performance Factor Rider", "points" : [ { "title" : "No", "description" : null } ] }, { "categoryTitle" : "Subaccount Investment Choices", "points" : [ { "title" : "Wide and diverse range of large-, mid-, and small-cap equity, international, bond, index, and specialty funds", "description" : null }, { "title" : "Available passively managed and cost-efficient index funds", "description" : null }, { "title" : "Convenience of asset allocation portfolios, including target date funds", "description" : null } ] }, { "categoryTitle" : "No-Lapse Guarantees", "points" : [ { "title" : "Choice of duration up to lifetime", "description" : "<p><b>No-Lapse Guarantees</b></p>\r\n<p><i>Short-Term No-Lapse Guarantee Rider (Form series R12SNL, varies by state of policy issue)</i></p>\r\n<p>Short-Term No-Lapse Guarantee Rider is issued with all policies electing Death Benefit Option A or B with insureds issue ages 79 and under. Paying only the Short-Term No-Lapse Premiums will guarantee the death benefit from five to 20 years, but will not guarantee cash value accumulation. If your client discontinues paying the Short-Term No Lapse 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.</p>\r\n<p><i>Flexible Duration No-Lapse Guarantee Rider (Form series R17FNL, S18FNL, varies based on state of policy issue)</i></p>\r\n<p>The flexible duration no-lapse guarantee, depending on how your client structures their policy, has a maximum duration of the insured’s lifetime, subject to certain limits. If your client’s net no-lapse guarantee value is zero, the no-lapse feature terminates. If the no-lapse feature terminates, additional premiums would be required to resume the no-lapse guarantee. If policy performance is such that your client’s policy is being maintained solely by the no-lapse guarantee, your client’s policy will not build cash value. For the rider’s guarantee to remain in place, the policyowner must not request an unscheduled increase in face amount and must remain 100% allocated among the Fixed Account or other Allowable Investment Options specified in the prospectus.</p>\r\n" } ] }, { "categoryTitle" : "Chronic Illness Benefits", "points" : [ { "title" : "Yes (optional)", "description" : "<p><b>Premier Living Benefits Rider 2</b></p>\r\n<p><i>(Form series R18ADB, S18ADB, varies based on state of policy issue)</i></p>\r\n<p>The Premier Living Benefits Rider 2 is an accelerated death benefit rider for chronic illness. There is no upfront charge for this rider. When exercised, the rider reduces the death benefit by a greater amount than the rider benefit payout. This rider allows the policyowner to accelerate a portion of the death benefit as rider benefit payments while the insured is certified as having a chronic illness (unable to perform at least 2 of the 6 activities of daily living or requiring substantial supervision due to cognitive impairment). The Premier Living Benefits Rider requires the insured's chronic illness to be deemed permanent. Chronic illness riders are a life insurance component that enhance the flexibility of a life insurance policy to provide benefits if the insured develops a chronic illness.<br>\r\n</p>\r\n<p>Benefit payments reduce the policy's death benefit and other values under the policy. If the entire death benefit is accelerated, the policy will terminate.<br>\r\n<br>\r\nBenefits paid by accelerating the policy’s death benefit may or may not qualify for favorable tax treatment under Section 101(g) of the Internal Revenue Code of 1986.</p>\r\n" } ] }, { "categoryTitle" : "Long-Term Care Benefits", "points" : [ { "title" : "Yes (optional)", "description" : "<p><b>Premier LTC Rider</b></p>\r\n<p><i>(Form series R15LTC, R15LTC SP, varies based on state of policy issue)</i></p>\r\n<p>The Premier LTC Rider is an accelerated death benefit rider for long-term care. There is a monthly charge for this rider. Policyowner has choice of 2% or 4% maximum monthly benefit. This rider allows the policyowner to accelerate a portion of the death benefit as rider benefit payments while the insured is certified as having a chronic illness (unable to perform at least 2 of the 6 activities of daily living or requiring substantial supervision due to cognitive impairment).</p>\r\n<p>The Premier LTC Rider in not available on a policy with the Premier Living Benefits Rider 2 or Benefit Distribution Rider. The Premier LTC Rider is subject to eligibility and underwriting approval. The policy to which this rider is attached is subject to a medical exam, Medical Information Bureau (MIB), and prescription report; and may include obtaining records from your physician, a Personal History Interview, and a Cognitive Assessment. The amount and duration of the maximum LTC Benefits and the rider charge will vary based on the benefit options elected at time of application and the use of policy benefits and features.<br>\r\n<br>\r\nThe rider charge is included as part of the monthly deduction for the policy. Rates for long-term care coverage under this rider may increase over time, but not above those stated in the policy. This rider is intended to provide federally tax-qualified long-term care insurance as defined in IRC Section 7702B(b). Exclusions apply. A health license is required to sell this rider.</p>\r\n" } ] }, { "categoryTitle" : "Coverage Types", "points" : [ { "title" : "Annual Renewable Term Rider", "description" : "<p><b>Annual Renewable Term Rider</b></p>\r\n<p><i>(Form #R17ART, S17ART, varies based on state of policy issue)</i></p>\r\n<p>If elected at policy issue, rider may be used to provide annual renewable term life insurance on the primary insured. Annual Renewable Term Rider coverage provides a death benefit and is non-commissionable.</p>\r\n" }, { "title" : "Basic Coverage", "description" : "<p><b>Basic Coverage</b></p>\r\n<p>Basic Coverage provides insurance on the primary insured (or insureds for survivor products) that is payable upon the death of the insured (surviving insureds for survivorship products). It is not available on any other lives. Basic Coverage is commissionable.</p>\r\n" }, { "title" : "Scheduled Annual Renewable Term Rider", "description" : "<p><b>Scheduled Annual Renewable Term Rider</b></p>\r\n<p><i>(Form series R15SRT, S17SRT, varies based on state of policy issue)</i></p>\r\n<p>If elected at policy issue, rider may be used to provide scheduled annual renewable term life insurance on the primary insured via scheduled increases. Maximum annual increase is 20% of total face amount prior to increase for attained ages 0-79 and 5% for ages 80-94. This rider’s face amount is $0 at policy issue and increases as each scheduled increase is processed. This rider may not be issued on same policy with Premier Living Benefits Rider 2 or Premier LTC Rider.</p>\r\n" }, { "title" : "SVER Term Insurance Rider–Corporate (SVER-C)", "description" : "<p><b>SVER Term Insurance Rider–Corporate</b></p>\r\n<p><i>(Form series R18SV3, S19SV3C, varies based on state of policy issue)</i></p>\r\n<p>If elected at policy issue, the optional SVER Term Insurance Rider-Corporate (SVER-C) may increase the ratio of cash surrender value to premiums paid during the policy’s early years, which may be useful in certain business planning and employer-sponsored arrangements. The rider may pay a termination credit in addition to cash surrender value if surrendered within the first 12 years and is available only to corporate-owned, corporate-trust-owned, or corporate sponsored policies. SVER-C coverage is commissionable.</p>\r\n" } ] }, { "categoryTitle" : "Standard Riders (issued with policy)", "points" : [ { "title" : "Conversion Rider", "description" : "<p><b>Conversion Rider</b></p>\r\n<p><i>(Form #R13CON, varies based on state of policy issue)</i></p>\r\n<p>The Conversion Rider allows policyowner to convert eligible coverages to any other eligible life insurance product with no new underwriting or surrender charges on the original policy during the conversion year. There is no monthly rider charge and no charge to exercise the rider.</p>\r\n" }, { "title" : "Overloan Protection 3 Rider", "description" : "<p><b>Overloan Protection 3 Rider</b></p>\r\n<p><i>(Form series R15OLP, R15OLP SP, varies based on state of policy issue)</i></p>\r\n<p>The Overloan Protection 3 Rider, if exercised at the end of planned policy distributions, may help prevent policy lapse, particularly for policies with large outstanding loan balances. There is a one-time charge to exercise the rider, certain eligibility requirements must be met, and no further policy changes may be made after rider exercise. To help you illustrate the conditions for successful rider exercise, use Navigator illustration system’s “Auto-adjust illustration inputs for OLP” option in the “Riders” tab. The potential tax consequences of the Overloan Protection 3 Rider have not specifically been ruled on by the IRS or courts. Clients should consult their tax advisors.</p>\r\n" }, { "title" : "Short-Term No-Lapse Guarantee Rider", "description" : "<p><b>Short-Term No-Lapse Guarantee Rider</b></p>\r\n<p><i>(Form #R02NL5)</i></p>\r\n<p>Short-Term No-Lapse Guarantee Rider is issued with all policies electing Death Benefit Option A or B with insureds issue ages 75 and under. Paying only the Short-Term No-Lapse Premiums will guarantee the death benefit from four to 20 years but will not guarantee cash value accumulation. If your client discontinues paying the Short-Term No-Lapse 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.</p>\r\n" }, { "title" : "Terminal Illness Rider", "description" : "<p><b>Terminal Illness Rider</b></p>\r\n<p><i>(Form #R12TII, varies based on state of policy issue)</i></p>\r\n<p>If Premier Living Benefits Rider 2 is not elected on the policy, this rider will automatically be issued with the policy at no additional charge. This rider allows the policyowner access to a portion of the policy’s death benefit after the insured is diagnosed with a terminal illness resulting in a life expectancy of 12 months or less (some states require a period other than 12 months—check for state variations). The cost of exercising the rider is that the death benefit is reduced by an amount greater than the rider benefit payment itself to reflect the early payment of the death benefit.</p>\r\n" } ] }, { "categoryTitle" : "Optional Riders (must be elected at policy issue)", "points" : [ { "title" : "Annual Renewable Term Rider", "description" : "<p><b>Annual Renewable Term Rider</b></p>\r\n<p><i>(Form #R17ART, S17ART, varies based on state of policy issue)</i></p>\r\n<p>If elected at policy issue, rider may be used to provide annual renewable term life insurance on the primary insured. Annual Renewable Term Rider coverage provides a death benefit and is non-commissionable.</p>\r\n" }, { "title" : "Annual Renewable Term Rider-Additional Insured", "description" : "<p><b>Annual Renewable Term Rider–Additional Insured (ARTR-AI)</b></p>\r\n<p><i>(Form series R17RTA, S17RTA, varies based on state of policy issue)</i></p>\r\n<p>This rider provides term life insurance coverage on any member of the primary insured's&nbsp;immediate family (renewable annually) until the person covered reaches attained age 121 or the death of the primary insured, whichever is earlier.</p>\r\n" }, { "title" : "Benefit Distribution Rider", "description" : "<p><b>Benefit Distribution Rider</b></p>\r\n<p><i>Form #R15BDR</i></p>\r\n<p>If elected at policy issue, the optional Benefit Distribution Rider allows the policyowner to designate 50% to 100% of the policy’s death benefit to be paid as guaranteed monthly or annual benefits to the policy beneficiaries over 5 to 30 years. Any death benefit not designated as monthly or annual payments will be paid as lump sum. As a nonguaranteed benefit, the policyowner may benefit from higher cash value potential through the Benefit Distribution Rider Credit.</p>\r\n" }, { "title" : "Flexible Duration No-Lapse Guarantee Rider", "description" : "<p><b>Flexible Duration No-Lapse Guarantee Rider</b></p>\r\n<p><i>(Form series R17FNL, S18FNL, varies based on state of policy issue)</i></p>\r\n<p>The flexible duration no-lapse guarantee, depending on how your client structures their policy, has a maximum duration of the insured’s lifetime, subject to certain limits. If your client’s net no-lapse guarantee value is zero, the no-lapse feature terminates. If the no-lapse feature terminates, additional premiums would be required to resume the no-lapse guarantee. If policy performance is such that your client’s policy is being maintained solely by the no-lapse guarantee, your client’s policy will not build cash value. For the rider’s guarantee to remain in place, the policyowner must not request an unscheduled increase in face amount and must remain 100% allocated among the Fixed Account or other Allowable Investment Options specified in the prospectus.</p>\r\n" }, { "title" : "Premier Living Benefits Rider 2", "description" : "<p><b>Premier Living Benefits Rider 2</b></p>\r\n<p><i>(Form series R18ADB, S18ADB, varies based on state of policy issue)</i></p>\r\n<p>The Premier Living Benefits Rider 2 is an accelerated death benefit rider for chronic illness. There is no upfront charge for this rider. When exercised, the rider reduces the death benefit by a greater amount than the rider benefit payout. This rider allows the policyowner to accelerate a portion of the death benefit as rider benefit payments while the insured is certified as having a chronic illness (unable to perform at least 2 of the 6 activities of daily living or requiring substantial supervision due to cognitive impairment). The Premier Living Benefits Rider requires the insured's chronic illness to be deemed permanent. Chronic illness riders are a life insurance component that enhance the flexibility of a life insurance policy to provide benefits if the insured develops a chronic illness.</p>\r\n<p>Benefit payments reduce the policy's death benefit and other values under the policy. If the entire death benefit is accelerated, the policy will terminate.</p>\r\n<p>Benefits paid by accelerating the policy’s death benefit may or may not qualify for favorable tax treatment under Section 101(g) of the Internal Revenue Code of 1986.</p>\r\n" }, { "title" : "Premier LTC Rider", "description" : "<p><b>Premier LTC Rider</b></p>\r\n<p><i>(Form series R15LTC, R15LTC SP, varies based on state of policy issue)</i></p>\r\n<p>The Premier LTC Rider is an accelerated death benefit rider for long-term care. There is a monthly charge for this rider. Policyowner has choice of 2% or 4% maximum monthly benefit. This rider allows the policyowner to accelerate a portion of the death benefit as rider benefit payments while the insured is certified as having a chronic illness (unable to perform at least 2 of the 6 activities of daily living or requiring substantial supervision due to cognitive impairment).</p>\r\n<p>The Premier LTC Rider in not available on a policy with the Premier Living Benefits Rider 2 or Benefit Distribution Rider. The Premier LTC Rider is subject to eligibility and underwriting approval. The policy to which this rider is attached is subject to a medical exam, Medical Information Bureau (MIB), and prescription report; and may include obtaining records from your physician, a Personal History Interview, and a Cognitive Assessment. The amount and duration of the maximum LTC Benefits and the rider charge will vary based on the benefit options elected at time of application and the use of policy benefits and features. The rider charge is included as part of the monthly deduction for the policy. Rates for long-term care coverage under this rider may increase over time, but not above those stated in the policy. This rider is intended to provide federally tax-qualified long-term care insurance as defined in IRC Section 7702B(b). Exclusions apply. Benefit payments reduce the policy's death benefit and other values under the policy. If the entire death benefit is accelerated, the policy will terminate. A health license is required to sell this rider.</p>\r\n" }, { "title" : "Scheduled Annual Renewable Term Rider", "description" : "<p><b>Scheduled Annual Renewable Term Rider</b></p>\r\n<p><i>(Form series R15SRT, S17SRT, varies based on state of policy issue)</i></p>\r\n<p>If elected at policy issue, rider may be used to provide scheduled annual renewable term life insurance on the primary insured via scheduled increases. Maximum annual increase is 20% of total face amount prior to increase for attained ages 0-79 and 5% for ages 80-94. This rider’s face amount is $0 at policy issue and increases as each scheduled increase is processed. This rider may not be issued on same policy with Premier Living Benefits Rider 2 or Premier LTC Rider.</p>\r\n" }, { "title" : "SVER Term Insurance Rider–Corporate (SVER-C)", "description" : "<p><b>SVER Term Insurance Rider–Corporate</b></p>\r\n<p><i>(Form series R18SV3, S19SV3C, varies based on state of policy issue)</i></p>\r\n<p>If elected at policy issue, the optional SVER Term Insurance Rider-Corporate (SVER-C) may increase the ratio of cash surrender value to premiums paid during the policy’s early years, which may be useful in certain business planning and employer-sponsored arrangements. The rider may pay a termination credit in addition to cash surrender value if surrendered within the first 12 years and is available only to corporate-owned, corporate-trust-owned, or corporate sponsored policies. SVER-C coverage is commissionable.</p>\r\n" } ] } ] }, { "productTitle" : "Pacific Select Harbor VUL", "formNumber" : "<p>Form series P19PHV, S19PHV¹</p>\r\n", "path" : "/content/life-affluent/products/vul/pacific-select-harbor-vul", "categories" : [ { "categoryTitle" : "Product Type", "points" : [ { "title" : "Single life variable universal life insurance", "description" : null } ] }, { "categoryTitle" : "Consumer Needs", "points" : [ { "title" : "Death benefit protection", "description" : null }, { "title" : "Supplemental retirement income", "description" : null }, { "title" : "Corporate-sponsored cases", "description" : null } ] }, { "categoryTitle" : "Key Features", "points" : [ { "title" : "Wide range of available investment options", "description" : null }, { "title" : "2 fixed accounts", "description" : null }, { "title" : "No-lapse guarantee duration up to lifetime", "description" : "<p><b>Flexible Duration No-Lapse Guarantee Rider</b></p>\r\n<p><i>(Form series R17FNL, S18FNL varies based on state of policy issue)</i></p>\r\n<p>The flexible duration no-lapse guarantee, depending on how your client structures their policy, has a maximum duration of the insured’s lifetime, subject to certain limits. If your client’s net no-lapse guarantee value is zero, the no-lapse feature terminates. If the no-lapse feature terminates, additional premiums would be required to resume the no-lapse guarantee. If policy performance is such that your client’s policy is being maintained solely by the no-lapse guarantee, your client’s policy will not build cash value. For the rider’s guarantee to remain in place, the policyowner must not request an unscheduled increase in face amount and must remain 100% allocated among the Fixed Account or other Allowable Investment Options specified in the prospectus.</p>\r\n" }, { "title" : "Choice of optional chronic illness or long-term care benefits", "description" : "<p><b>Chronic illness benefits provided by Premier Living Benefits Rider 2 and long-term care benefits provided by Premier LTC Rider.</b></p>\r\n<p><i>(Form series R18ADB, S18ADB, varies by state of policy issue and R16LTC, R16LTCV SP, varies based on state of policy issue)</i></p>\r\n<p>The Premier Living Benefits Rider 2 is an accelerated death benefit rider for chronic illness. There is no upfront charge for this rider. When exercised, the rider reduces the death benefit by a greater amount than the rider benefit payout. The Premier LTC Rider is an accelerated death benefit rider for long-term care. There is a monthly charge for this rider. Policyowner has choice of 2% or 4% maximum monthly benefit.</p>\r\n" } ] }, { "categoryTitle" : "Indexed Accounts", "points" : [ { "title" : "No", "description" : null } ] }, { "categoryTitle" : "Enhanced Performance Factor Rider", "points" : [ { "title" : "No", "description" : null } ] }, { "categoryTitle" : "Subaccount Investment Choices", "points" : [ { "title" : "Wide and diverse range of large-, mid-, and small-cap equity, international, bond, index, and specialty funds", "description" : null }, { "title" : "Available passively managed and cost-efficient index funds", "description" : null }, { "title" : "Convenience of asset allocation portfolios, including target date funds", "description" : null } ] }, { "categoryTitle" : "No-Lapse Guarantees", "points" : [ { "title" : "Choice of duration up to lifetime", "description" : "<p><b>No-Lapse Guarantees</b></p>\r\n<p><i>Short-Term No-Lapse Guarantee Rider (Form series R12SNL, varies by state of policy issue)</i></p>\r\n<p>Short-Term No-Lapse Guarantee Rider is issued with all policies electing Death Benefit Option A or B with insureds issue ages 79 and under. Paying only the Short-Term No-Lapse Premiums will guarantee the death benefit from five to 20 years, but will not guarantee cash value accumulation. If your client discontinues paying the Short-Term No-Lapse 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.</p>\r\n<p><i>Flexible Duration No-Lapse Guarantee Rider (Form series R17FNL, S18FNL, varies based on state of policy issue)</i></p>\r\n<p>The no-lapse guarantee, depending on how your client structures their policy, has a maximum duration of the insured’s lifetime, subject to certain limits. If your client’s net no-lapse guarantee value is zero, the no-lapse feature terminates. If the no-lapse feature terminates, additional premiums would be required to resume the no-lapse guarantee. If policy performance is such that your client’s policy is being maintained solely by the no-lapse guarantee, your client’s policy will not build cash value.</p>\r\n" } ] }, { "categoryTitle" : "Chronic Illness Benefits", "points" : [ { "title" : "Yes (optional)", "description" : "<p><b>Premier Living Benefits Rider 2</b></p>\r\n<p><i>(Form series R18ADB, S18ADB, varies based on state of policy issue)</i></p>\r\n<p>The Premier Living Benefits Rider 2 is an accelerated death benefit rider for chronic illness. There is no upfront charge for this rider. When exercised, the rider reduces the death benefit by a greater amount than the rider benefit payout. This rider allows the policyowner to accelerate a portion of the death benefit as rider benefit payments while the insured is certified as having a chronic illness (unable to perform at least 2 of the 6 activities of daily living or requiring substantial supervision due to cognitive impairment). The Premier Living Benefits Rider requires the insured's chronic illness to be deemed permanent. Chronic illness riders are a life insurance component that enhance the flexibility of a life insurance policy to provide benefits if the insured develops a chronic illness.<br>\r\n</p>\r\n<p>Benefit payments reduce the policy's death benefit and other values under the policy. If the entire death benefit is accelerated, the policy will terminate.<br>\r\n<br>\r\nBenefits paid by accelerating the policy’s death benefit may or may not qualify for favorable tax treatment under Section 101(g) of the Internal Revenue Code of 1986.</p>\r\n" } ] }, { "categoryTitle" : "Long-Term Care Benefits", "points" : [ { "title" : "Yes (optional)", "description" : "<p><b>Premier LTC Rider</b></p>\r\n<p><i>(Form series R15LTC, R15LTC SP, varies based on state of policy issue)</i></p>\r\n<p>The Premier LTC Rider is an accelerated death benefit rider for long-term care. There is a monthly charge for this rider. Policyowner has choice of 2% or 4% maximum monthly benefit. This rider allows the policyowner to accelerate a portion of the death benefit as rider benefit payments while the insured is certified as having a chronic illness (unable to perform at least 2 of the 6 activities of daily living or requiring substantial supervision due to cognitive impairment).</p>\r\n<p>The Premier LTC Rider in not available on a policy with the Premier Living Benefits Rider 2 or Benefit Distribution Rider. The Premier LTC Rider is subject to eligibility and underwriting approval. The policy to which this rider is attached is subject to a medical exam, Medical Information Bureau (MIB), and prescription report; and may include obtaining records from your physician, a Personal History Interview, and a Cognitive Assessment. The amount and duration of the maximum LTC Benefits and the rider charge will vary based on the benefit options elected at time of application and the use of policy benefits and features.<br>\r\n<br>\r\nThe rider charge is included as part of the monthly deduction for the policy. Rates for long-term care coverage under this rider may increase over time, but not above those stated in the policy. This rider is intended to provide federally tax-qualified long-term care insurance as defined in IRC Section 7702B(b). Exclusions apply. A health license is required to sell this rider.</p>\r\n" } ] }, { "categoryTitle" : "Coverage Types", "points" : [ { "title" : "Basic Coverage", "description" : "<p><b>Basic Coverage</b></p>\r\n<p>Basic Coverage provides insurance on the primary insured (or insureds for survivor products) that is payable upon the death of the insured (surviving insureds for survivorship products). It is not available on any other lives. Basic Coverage is commissionable.</p>\r\n" } ] }, { "categoryTitle" : "Standard Riders (issued with policy)", "points" : [ { "title" : "Conversion Rider", "description" : "<p><b>Conversion Rider</b></p>\r\n<p><i>(Form #R13CON, varies based on state of policy issue)</i></p>\r\n<p>The Conversion Rider allows policyowner to convert eligible coverages to any other eligible life insurance product with no new underwriting or surrender charges on the original policy during the conversion year. There is no monthly rider charge and no charge to exercise the rider.</p>\r\n" }, { "title" : "Overloan Protection 3 Rider", "description" : "<p><b>Overloan Protection 3 Rider</b></p>\r\n<p><i>(Form series R15OLP, R15OLP SP, varies based on state of policy issue)</i></p>\r\n<p>The Overloan Protection 3 Rider, if exercised at the end of planned policy distributions, may help prevent policy lapse, particularly for policies with large outstanding loan balances. There is a one-time charge to exercise the rider, certain eligibility requirements must be met, and no further policy changes may be made after rider exercise. To help you illustrate the conditions for successful rider exercise, use Navigator illustration system’s “Auto-adjust illustration inputs for OLP” option in the “Riders” tab. The potential tax consequences of the Overloan Protection 3 Rider have not specifically been ruled on by the IRS or courts. Clients should consult their tax advisors.</p>\r\n" }, { "title" : "Short-Term No-Lapse Guarantee Rider", "description" : "<p><b>Short-Term No-Lapse Guarantee Rider</b></p>\r\n<p><i>(Form #R02NL5)</i></p>\r\n<p>Short-Term No-Lapse Guarantee Rider is issued with all policies electing Death Benefit Option A or B with insureds issue ages 75 and under. Paying only the Short-Term No-Lapse Premiums will guarantee the death benefit from four to 20 years but will not guarantee cash value accumulation. If your client discontinues paying the Short-Term No-Lapse 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.</p>\r\n" }, { "title" : "Terminal Illness Rider", "description" : "<p><b>Terminal Illness Rider</b></p>\r\n<p><i>(Form #R12TII, varies based on state of policy issue)</i></p>\r\n<p>If Premier Living Benefits Rider 2 is not elected on the policy, this rider will automatically be issued with the policy at no additional charge. This rider allows the policyowner access to a portion of the policy’s death benefit after the insured is diagnosed with a terminal illness resulting in a life expectancy of 12 months or less (some states require a period other than 12 months—check for state variations). The cost of exercising the rider is that the death benefit is reduced by an amount greater than the rider benefit payment itself to reflect the early payment of the death benefit.</p>\r\n" } ] }, { "categoryTitle" : "Optional Riders (must be elected at policy issue)", "points" : [ { "title" : "Annual Renewable Term Rider-Additional Insured", "description" : "<p><b>Annual Renewable Term Rider–Additional Insured (ARTR-AI)</b></p>\r\n<p><i>(Form series R17RTA, S17RTA, varies based on state of policy issue)</i></p>\r\n<p>This rider provides term life insurance coverage on any member of the primary insured's&nbsp;immediate family (renewable annually) until the person covered reaches attained age 121 or the death of the primary insured, whichever is earlier.</p>\r\n" }, { "title" : "Flexible Duration No-Lapse Guarantee Rider", "description" : "<p><b>Flexible Duration No-Lapse Guarantee Rider</b></p>\r\n<p><i>(Form series R17FNL, S18FNL, varies based on state of policy issue)</i></p>\r\n<p>The flexible duration no-lapse guarantee, depending on how your client structures their policy, has a maximum duration of the insured’s lifetime, subject to certain limits. If your client’s net no-lapse guarantee value is zero, the no-lapse feature terminates. If the no-lapse feature terminates, additional premiums would be required to resume the no-lapse guarantee. If policy performance is such that your client’s policy is being maintained solely by the no-lapse guarantee, your client’s policy will not build cash value. For the rider’s guarantee to remain in place, the policyowner must not request an unscheduled increase in face amount and must remain 100% allocated among the Fixed Account or other Allowable Investment Options specified in the prospectus.</p>\r\n" }, { "title" : "Premier Living Benefits Rider 2", "description" : "<p><b>Premier Living Benefits Rider 2</b></p>\r\n<p><i>(Form series R18ADB, S18ADB, varies based on state of policy issue)</i></p>\r\n<p>The Premier Living Benefits Rider 2 is an accelerated death benefit rider for chronic illness. There is no upfront charge for this rider. When exercised, the rider reduces the death benefit by a greater amount than the rider benefit payout. This rider allows the policyowner to accelerate a portion of the death benefit as rider benefit payments while the insured is certified as having a chronic illness (unable to perform at least 2 of the 6 activities of daily living or requiring substantial supervision due to cognitive impairment). The Premier Living Benefits Rider requires the insured's chronic illness to be deemed permanent. Chronic illness riders are a life insurance component that enhance the flexibility of a life insurance policy to provide benefits if the insured develops a chronic illness.</p>\r\n<p>Benefit payments reduce the policy's death benefit and other values under the policy. If the entire death benefit is accelerated, the policy will terminate.</p>\r\n<p>Benefits paid by accelerating the policy’s death benefit may or may not qualify for favorable tax treatment under Section 101(g) of the Internal Revenue Code of 1986.</p>\r\n" }, { "title" : "Premier LTC Rider", "description" : "<p><b>Premier LTC Rider</b></p>\r\n<p><i>(Form series R15LTC, R15LTC SP, varies based on state of policy issue)</i></p>\r\n<p>The Premier LTC Rider is an accelerated death benefit rider for long-term care. There is a monthly charge for this rider. Policyowner has choice of 2% or 4% maximum monthly benefit. This rider allows the policyowner to accelerate a portion of the death benefit as rider benefit payments while the insured is certified as having a chronic illness (unable to perform at least 2 of the 6 activities of daily living or requiring substantial supervision due to cognitive impairment).</p>\r\n<p>The Premier LTC Rider in not available on a policy with the Premier Living Benefits Rider 2 or Benefit Distribution Rider. The Premier LTC Rider is subject to eligibility and underwriting approval. The policy to which this rider is attached is subject to a medical exam, Medical Information Bureau (MIB), and prescription report; and may include obtaining records from your physician, a Personal History Interview, and a Cognitive Assessment. The amount and duration of the maximum LTC Benefits and the rider charge will vary based on the benefit options elected at time of application and the use of policy benefits and features. The rider charge is included as part of the monthly deduction for the policy. Rates for long-term care coverage under this rider may increase over time, but not above those stated in the policy. This rider is intended to provide federally tax-qualified long-term care insurance as defined in IRC Section 7702B(b). Exclusions apply. Benefit payments reduce the policy's death benefit and other values under the policy. If the entire death benefit is accelerated, the policy will terminate. A health license is required to sell this rider.</p>\r\n" } ] } ] }, { "productTitle" : "Pacific Admiral VUL", "formNumber" : "<p>Form series P19VUL, S20ADM¹</p>\r\n", "path" : "/content/life-affluent/products/vul/pacific-admiral-vul", "categories" : [ { "categoryTitle" : "Product Type", "points" : [ { "title" : "Single life variable universal life insurance", "description" : null } ] }, { "categoryTitle" : "Consumer Needs", "points" : [ { "title" : "Death benefit protection", "description" : null }, { "title" : "Supplemental retirement income", "description" : null }, { "title" : "Corporate-sponsored cases", "description" : null } ] }, { "categoryTitle" : "Key Features", "points" : [ { "title" : "Streamlined list of available investment options with focus on cost-efficient options", "description" : null }, { "title" : "No-lapse guarantee duration up to lifetime", "description" : "<p><b>Flexible Duration No-Lapse Guarantee Rider</b></p>\r\n<p><i>(Form series R17FNL, S18FNL varies based on state of policy issue)</i></p>\r\n<p>The flexible duration no-lapse guarantee, depending on how your client structures their policy, has a maximum duration of the insured’s lifetime, subject to certain limits. If your client’s net no-lapse guarantee value is zero, the no-lapse feature terminates. If the no-lapse feature terminates, additional premiums would be required to resume the no-lapse guarantee. If policy performance is such that your client’s policy is being maintained solely by the no-lapse guarantee, your client’s policy will not build cash value. For the rider’s guarantee to remain in place, the policyowner must not request an unscheduled increase in face amount and must remain 100% allocated among the Fixed Account or other Allowable Investment Options specified in the prospectus.</p>\r\n" }, { "title" : "Choice of optional chronic illness or long-term care benefits", "description" : "<p><b>Chronic illness benefits provided by Premier Living Benefits Rider 2 and long-term care benefits provided by Premier LTC Rider.</b></p>\r\n<p><i>(Form series R18ADB, S18ADB, varies by state of policy issue and R16LTC, R16LTCV SP, varies based on state of policy issue)</i></p>\r\n<p>The Premier Living Benefits Rider 2 is an accelerated death benefit rider for chronic illness. There is no upfront charge for this rider. When exercised, the rider reduces the death benefit by a greater amount than the rider benefit payout. The Premier LTC Rider is an accelerated death benefit rider for long-term care. There is a monthly charge for this rider. Policyowner has choice of 2% or 4% maximum monthly benefit.</p>\r\n" }, { "title" : "2 fixed accounts", "description" : null } ] }, { "categoryTitle" : "Indexed Accounts", "points" : [ { "title" : "1-Year", "description" : null }, { "title" : "1-Year No Cap", "description" : null }, { "title" : "1-Year High Cap Plus", "description" : null } ] }, { "categoryTitle" : "Enhanced Performance Factor Rider", "points" : [ { "title" : "No", "description" : null } ] }, { "categoryTitle" : "Subaccount Investment Choices", "points" : [ { "title" : "Streamlined list of investment choices focused on the simplicity and cost-efficiency of passively managed index funds", "description" : null }, { "title" : "Seven actively managed funds also available", "description" : null } ] }, { "categoryTitle" : "No-Lapse Guarantees", "points" : [ { "title" : "Choice of duration up to lifetime", "description" : "<p><b>No-Lapse Guarantees</b></p>\r\n<p><i>Short-Term No-Lapse Guarantee Rider (Form series R12SNL, varies by state of policy issue)</i></p>\r\n<p>Short-Term No-Lapse Guarantee Rider is issued with all policies electing Death Benefit Option A or B with insureds issue ages 79 and under. Paying only the Short-Term No-Lapse Premiums will guarantee the death benefit from five to 20 years, but will not guarantee cash value accumulation. If your client discontinues paying the Short-Term No-Lapse 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.</p>\r\n<p><i>Flexible Duration No-Lapse Guarantee Rider (Form series R17FNL, S18FNL, varies based on state of policy issue)</i></p>\r\n<p>The no-lapse guarantee, depending on how your client structures their policy, has a maximum duration of the insured’s lifetime, subject to certain limits. If your client’s net no-lapse guarantee value is zero, the no-lapse feature terminates. If the no-lapse feature terminates, additional premiums would be required to resume the no-lapse guarantee. If policy performance is such that your client’s policy is being maintained solely by the no-lapse guarantee, your client’s policy will not build cash value.</p>\r\n" } ] }, { "categoryTitle" : "Chronic Illness Benefits", "points" : [ { "title" : "Yes (optional)", "description" : "<p><b>Premier Living Benefits Rider 2</b></p>\r\n<p><i>(Form series R18ADB, S18ADB, varies based on state of policy issue)</i></p>\r\n<p>The Premier Living Benefits Rider 2 is an accelerated death benefit rider for chronic illness. There is no upfront charge for this rider. When exercised, the rider reduces the death benefit by a greater amount than the rider benefit payout. This rider allows the policyowner to accelerate a portion of the death benefit as rider benefit payments while the insured is certified as having a chronic illness (unable to perform at least 2 of the 6 activities of daily living or requiring substantial supervision due to cognitive impairment). The Premier Living Benefits Rider requires the insured's chronic illness to be deemed permanent. Chronic illness riders are a life insurance component that enhance the flexibility of a life insurance policy to provide benefits if the insured develops a chronic illness.<br>\r\n</p>\r\n<p>Benefit payments reduce the policy's death benefit and other values under the policy. If the entire death benefit is accelerated, the policy will terminate.<br>\r\n<br>\r\nBenefits paid by accelerating the policy’s death benefit may or may not qualify for favorable tax treatment under Section 101(g) of the Internal Revenue Code of 1986.</p>\r\n" } ] }, { "categoryTitle" : "Long-Term Care Benefits", "points" : [ { "title" : "Yes (optional)", "description" : "<p><b>Premier LTC Rider</b></p>\r\n<p><i>(Form series R15LTC, R15LTC SP, varies based on state of policy issue)</i></p>\r\n<p>The Premier LTC Rider is an accelerated death benefit rider for long-term care. There is a monthly charge for this rider. Policyowner has choice of 2% or 4% maximum monthly benefit. This rider allows the policyowner to accelerate a portion of the death benefit as rider benefit payments while the insured is certified as having a chronic illness (unable to perform at least 2 of the 6 activities of daily living or requiring substantial supervision due to cognitive impairment).</p>\r\n<p>The Premier LTC Rider in not available on a policy with the Premier Living Benefits Rider 2 or Benefit Distribution Rider. The Premier LTC Rider is subject to eligibility and underwriting approval. The policy to which this rider is attached is subject to a medical exam, Medical Information Bureau (MIB), and prescription report; and may include obtaining records from your physician, a Personal History Interview, and a Cognitive Assessment. The amount and duration of the maximum LTC Benefits and the rider charge will vary based on the benefit options elected at time of application and the use of policy benefits and features.<br>\r\n<br>\r\nThe rider charge is included as part of the monthly deduction for the policy. Rates for long-term care coverage under this rider may increase over time, but not above those stated in the policy. This rider is intended to provide federally tax-qualified long-term care insurance as defined in IRC Section 7702B(b). Exclusions apply. A health license is required to sell this rider.</p>\r\n" } ] }, { "categoryTitle" : "Coverage Types", "points" : [ { "title" : "Annual Renewable Term Rider", "description" : "<p><b>Annual Renewable Term Rider</b></p>\r\n<p><i>(Form #R17ART, S17ART, varies based on state of policy issue)</i></p>\r\n<p>If elected at policy issue, rider may be used to provide annual renewable term life insurance on the primary insured. Annual Renewable Term Rider coverage provides a death benefit and is non-commissionable.</p>\r\n" }, { "title" : "Basic Coverage", "description" : "<p><b>Basic Coverage</b></p>\r\n<p>Basic Coverage provides insurance on the primary insured (or insureds for survivor products) that is payable upon the death of the insured (surviving insureds for survivorship products). It is not available on any other lives. Basic Coverage is commissionable.</p>\r\n" }, { "title" : "Scheduled Annual Renewable Term Rider", "description" : "<p><b>Scheduled Annual Renewable Term Rider</b></p>\r\n<p><i>(Form series R15SRT, S17SRT, varies based on state of policy issue)</i></p>\r\n<p>If elected at policy issue, rider may be used to provide scheduled annual renewable term life insurance on the primary insured via scheduled increases. Maximum annual increase is 20% of total face amount prior to increase for attained ages 0-79 and 5% for ages 80-94. This rider’s face amount is $0 at policy issue and increases as each scheduled increase is processed. This rider may not be issued on same policy with Premier Living Benefits Rider 2 or Premier LTC Rider.</p>\r\n" } ] }, { "categoryTitle" : "Standard Riders (issued with policy)", "points" : [ { "title" : "Alternate Loan Rider 2", "description" : "<p><b>Alternate Loan Rider 2</b></p>\r\n<p><i>(Form series R20ALR2, S20ALR2, varies based on state of policy issue)</i></p>\r\n<p>Alternate loans allow policyowners to borrow against the accumulated value in certain 1-year indexed accounts. They offer more potential income but also higher risk than standard loans. Loaned amount receives indexed interest crediting and is charged a current interest rate that may vary by product (guaranteed maximum rate of 7.50%).</p>\r\n" }, { "title" : "Conversion Rider", "description" : "<p><b>Conversion Rider</b></p>\r\n<p><i>(Form #R13CON, varies based on state of policy issue)</i></p>\r\n<p>The Conversion Rider allows policyowner to convert eligible coverages to any other eligible life insurance product with no new underwriting or surrender charges on the original policy during the conversion year. There is no monthly rider charge and no charge to exercise the rider.</p>\r\n" }, { "title" : "Minimum Indexed Benefit Rider", "description" : "<p><b>Minimum Indexed Benefit Rider</b></p>\r\n<p><i>(Form series R20MIBR, S20MIBR, varies based on state of policy issue)</i></p>\r\n<p>The Minimum Indexed Benefit Rider, issued with all policies at no additional cost, may provide an additional termination benefit at the insured's death, policy lapse, or surrender. In effect, when the policy terminates, the policyholder may receive a termination credit consisting of certain indexed account charges if the cumulative indexed account charges exceed the indexed interest credited over the life of the policy, combined across all eligible indexed accounts.</p>\r\n" }, { "title" : "Overloan Protection 3 Rider", "description" : "<p><b>Overloan Protection 3 Rider</b></p>\r\n<p><i>(Form series R15OLP, R15OLP SP, varies based on state of policy issue)</i></p>\r\n<p>The Overloan Protection 3 Rider, if exercised at the end of planned policy distributions, may help prevent policy lapse, particularly for policies with large outstanding loan balances. There is a one-time charge to exercise the rider, certain eligibility requirements must be met, and no further policy changes may be made after rider exercise. To help you illustrate the conditions for successful rider exercise, use Navigator illustration system’s “Auto-adjust illustration inputs for OLP” option in the “Riders” tab. The potential tax consequences of the Overloan Protection 3 Rider have not specifically been ruled on by the IRS or courts. Clients should consult their tax advisors.</p>\r\n" }, { "title" : "Short-Term No-Lapse Guarantee Rider", "description" : "<p><b>Short-Term No-Lapse Guarantee Rider</b></p>\r\n<p><i>(Form #R02NL5)</i></p>\r\n<p>Short-Term No-Lapse Guarantee Rider is issued with all policies electing Death Benefit Option A or B with insureds issue ages 75 and under. Paying only the Short-Term No-Lapse Premiums will guarantee the death benefit from four to 20 years but will not guarantee cash value accumulation. If your client discontinues paying the Short-Term No-Lapse 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.</p>\r\n" }, { "title" : "Terminal Illness Rider", "description" : "<p><b>Terminal Illness Rider</b></p>\r\n<p><i>(Form #R12TII, varies based on state of policy issue)</i></p>\r\n<p>If Premier Living Benefits Rider 2 is not elected on the policy, this rider will automatically be issued with the policy at no additional charge. This rider allows the policyowner access to a portion of the policy’s death benefit after the insured is diagnosed with a terminal illness resulting in a life expectancy of 12 months or less (some states require a period other than 12 months—check for state variations). The cost of exercising the rider is that the death benefit is reduced by an amount greater than the rider benefit payment itself to reflect the early payment of the death benefit.</p>\r\n" } ] }, { "categoryTitle" : "Optional Riders (must be elected at policy issue)", "points" : [ { "title" : "Annual Renewable Term Rider", "description" : "<p><b>Annual Renewable Term Rider</b></p>\r\n<p><i>(Form #R17ART, S17ART, varies based on state of policy issue)</i></p>\r\n<p>If elected at policy issue, rider may be used to provide annual renewable term life insurance on the primary insured. Annual Renewable Term Rider coverage provides a death benefit and is non-commissionable.</p>\r\n" }, { "title" : "Annual Renewable Term Rider-Additional Insured", "description" : "<p><b>Annual Renewable Term Rider–Additional Insured (ARTR-AI)</b></p>\r\n<p><i>(Form series R17RTA, S17RTA, varies based on state of policy issue)</i></p>\r\n<p>This rider provides term life insurance coverage on any member of the primary insured's&nbsp;immediate family (renewable annually) until the person covered reaches attained age 121 or the death of the primary insured, whichever is earlier.</p>\r\n" }, { "title" : "Flexible Duration No-Lapse Guarantee Rider", "description" : "<p><b>Flexible Duration No-Lapse Guarantee Rider</b></p>\r\n<p><i>Form #R17FNL, S18FNL varies based on state of policy issue)</i></p>\r\n<p>The flexible duration no-lapse guarantee, depending on how your client structures their policy, has a maximum duration of the insured’s lifetime, subject to certain limits. If your client’s net no-lapse guarantee value is zero, the no-lapse feature terminates. If the no-lapse feature terminates, additional premiums would be required to resume the no-lapse guarantee. If policy performance is such that your client’s policy is being maintained solely by the no-lapse guarantee, your client’s policy will not build cash value.</p>\r\n" }, { "title" : "Premier Living Benefits Rider 2", "description" : "<p><b>Premier Living Benefits Rider 2</b></p>\r\n<p><i>(Form series R18ADB, S18ADB, varies based on state of policy issue)</i></p>\r\n<p>The Premier Living Benefits Rider 2 is an accelerated death benefit rider for chronic illness. There is no upfront charge for this rider. When exercised, the rider reduces the death benefit by a greater amount than the rider benefit payout. This rider allows the policyowner to accelerate a portion of the death benefit as rider benefit payments while the insured is certified as having a chronic illness (unable to perform at least 2 of the 6 activities of daily living or requiring substantial supervision due to cognitive impairment). The Premier Living Benefits Rider requires the insured's chronic illness to be deemed permanent. Chronic illness riders are a life insurance component that enhance the flexibility of a life insurance policy to provide benefits if the insured develops a chronic illness.</p>\r\n<p>Benefit payments reduce the policy's death benefit and other values under the policy. If the entire death benefit is accelerated, the policy will terminate.</p>\r\n<p>Benefits paid by accelerating the policy’s death benefit may or may not qualify for favorable tax treatment under Section 101(g) of the Internal Revenue Code of 1986.</p>\r\n" }, { "title" : "Premier LTC Rider", "description" : "<p><b>Premier LTC Rider</b></p>\r\n<p><i>(Form series R15LTC, R15LTC SP, varies based on state of policy issue)</i></p>\r\n<p>The Premier LTC Rider is an accelerated death benefit rider for long-term care. There is a monthly charge for this rider. Policyowner has choice of 2% or 4% maximum monthly benefit. This rider allows the policyowner to accelerate a portion of the death benefit as rider benefit payments while the insured is certified as having a chronic illness (unable to perform at least 2 of the 6 activities of daily living or requiring substantial supervision due to cognitive impairment).</p>\r\n<p>The Premier LTC Rider in not available on a policy with the Premier Living Benefits Rider 2 or Benefit Distribution Rider. The Premier LTC Rider is subject to eligibility and underwriting approval. The policy to which this rider is attached is subject to a medical exam, Medical Information Bureau (MIB), and prescription report; and may include obtaining records from your physician, a Personal History Interview, and a Cognitive Assessment. The amount and duration of the maximum LTC Benefits and the rider charge will vary based on the benefit options elected at time of application and the use of policy benefits and features. The rider charge is included as part of the monthly deduction for the policy. Rates for long-term care coverage under this rider may increase over time, but not above those stated in the policy. This rider is intended to provide federally tax-qualified long-term care insurance as defined in IRC Section 7702B(b). Exclusions apply. Benefit payments reduce the policy's death benefit and other values under the policy. If the entire death benefit is accelerated, the policy will terminate. A health license is required to sell this rider.</p>\r\n" }, { "title" : "Scheduled Annual Renewable Term Rider", "description" : "<p><b>Scheduled Annual Renewable Term Rider</b></p>\r\n<p><i>(Form series R15SRT, S17SRT, varies based on state of policy issue)</i></p>\r\n<p>If elected at policy issue, rider may be used to provide scheduled annual renewable term life insurance on the primary insured via scheduled increases. Maximum annual increase is 20% of total face amount prior to increase for attained ages 0-79 and 5% for ages 80-94. This rider’s face amount is $0 at policy issue and increases as each scheduled increase is processed. This rider may not be issued on same policy with Premier Living Benefits Rider 2 or Premier LTC Rider.</p>\r\n" } ] } ] }, { "productTitle" : "Pacific Protector VUL", "formNumber" : "<p>Form series P19PHVL, S22PRO¹</p>\r\n", "path" : "/content/life-affluent/products/vul/pacific-protector-vul", "categories" : [ { "categoryTitle" : "Product Type", "points" : [ { "title" : "Single life variable universal life insurance", "description" : null } ] }, { "categoryTitle" : "Consumer Needs", "points" : [ { "title" : "Death benefit protection", "description" : null }, { "title" : "Wealth transfer", "description" : null } ] }, { "categoryTitle" : "Key Features", "points" : [ { "title" : "Streamlined list of available investment options with focus on cost-efficient options", "description" : null }, { "title" : "No-lapse guarantee up to lifetime, with an age 100 competitive sweet spot", "description" : "<p><b>Flexible Duration No-Lapse Guarantee Rider</b></p>\r\n<p><i>(Form #R21FNL, S21FNL varies based on state of policy issue)</i></p>\r\n<p>The Flexible Duration No-Lapse guarantee, depending on how your client structures their policy, has a maximum duration of the insured’s lifetime, subject to certain limits. If your client’s net no-lapse guarantee value is zero, the no-lapse feature terminates. If the no-lapse feature terminates, additional premiums would be required to resume the no-lapse guarantee. If policy performance is such that your client’s policy is being maintained solely by the no-lapse guarantee, your client’s policy will not build cash value. For the rider’s guarantee to remain in place, the policyowner must not request an unscheduled increase in face amount and must remain 100% allocated among the Fixed Account or other Allowable Investment Options specified in the prospectus.</p>\r\n" }, { "title" : "Optional chronic illness benefits", "description" : "<p><b>Choice of Chronic Illness Riders</b></p>\r\n<p><i>Premier Living Benefits Rider 2 (Form series R18ADB, S18ADB) and Premier Chronic Illness Rider (Form series R22CHR, S21CHR). Form series vary based on state of policy issue.</i><br>\r\nClients may choose to include either the Premier Living Benefits Rider 2 (PLBR2) or the Premier Chronic Illness Rider (CHR) at policy issue. Both riders allow the policyowner to accelerate a portion of the death benefit as rider benefit payments while the insured is certified as being chronically ill by a licensed healthcare practitioner. The CHR allows policyowners to accelerate up to $3 million of death benefit for a monthly rider charge. The PLBR2 allows policyowners to accelerate up to $1.5 million of death benefit with no elimination period. There is no up front cost to the rider, instead, the death benefit is reduced by an amount greater than the rider benefit amount for each payout. For PLBR2, this means being unable to perform without substantial assistance at least 2 activities of daily living, or requiring substantial supervision due to severe cognitive impairment, and such conditions are expected to be permanent. For CHR, this means being unable to perform without substantial assistance at least 2 activities of daily living for an expected period of 90 days, or requiring substantial supervision due to severe cognitive impairment. Lifetime and monthly maximum rider benefits vary by rider selection.</p>\r\n" } ] }, { "categoryTitle" : "Indexed Accounts", "points" : [ { "title" : "No", "description" : null } ] }, { "categoryTitle" : "Enhanced Performance Factor Rider", "points" : [ { "title" : "No", "description" : null } ] }, { "categoryTitle" : "Subaccount Investment Choices", "points" : [ { "title" : "Streamlined list of investment choices focused on the simplicity and cost-efficiency of passively managed index funds", "description" : null }, { "title" : "Seven actively managed funds also available", "description" : null } ] }, { "categoryTitle" : "No-Lapse Guarantees", "points" : [ { "title" : "Choice of duration up to lifetime", "description" : "<p><b>No-Lapse Guarantees</b></p>\r\n<p><i>Short-Term No-Lapse Guarantee Rider (Form #R21SNL, varies based on state of policy issue)</i></p>\r\n<p>Short-Term No-Lapse Guarantee Rider is issued with all policies electing Death Benefit Option A or B with insureds issue ages 79 and under. Paying only the Short-Term No-Lapse Premiums will guarantee the death benefit from five to 15 years, but will not guarantee cash value accumulation. If your client discontinues paying the Short-Term No-Lapse 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.</p>\r\n<p><i>Flexible Duration No-Lapse Guarantee Rider (Form series R21FNL, S21FNL, varies based on state of policy issue)</i></p>\r\n<p>The flexible duration no-lapse guarantee, depending on how your client structures their policy, has a maximum duration of the insured’s lifetime, subject to certain limits. If your client’s net no-lapse guarantee value is zero, the no-lapse feature terminates. If the no-lapse feature terminates, additional premiums would be required to resume the no-lapse guarantee. If policy performance is such that your client’s policy is being maintained solely by the no-lapse guarantee, your client’s policy will not build cash value. For the rider’s guarantee to remain in place, the policyowner must not request an unscheduled increase in face amount and must remain 100% allocated among the Fixed Account or other Allowable Investment Options specified in the prospectus.</p>\r\n" } ] }, { "categoryTitle" : "Chronic Illness Benefits", "points" : [ { "title" : "Yes (optional)", "description" : "<p><b>Premier Living Benefits Rider 2</b></p>\r\n<p><i>(Form series R18ADB, S18ADB, varies based on state of policy issue)</i></p>\r\n<p>The Premier Living Benefits Rider 2 is an accelerated death benefit rider for chronic illness. There is no upfront charge for this rider. When exercised, the rider reduces the death benefit by a greater amount than the rider benefit payout. This rider allows the policyowner to accelerate a portion of the death benefit as rider benefit payments while the insured is certified as having a chronic illness (unable to perform at least 2 of the 6 activities of daily living or requiring substantial supervision due to cognitive impairment). The Premier Living Benefits Rider requires the insured's chronic illness to be deemed permanent. Lifetime and monthly maximum rider benefits vary by rider selection.<br>\r\n</p>\r\n<p><b>Premier Chronic Illness Rider</b></p>\r\n<p><i>(Form series R22CHR, S21CHR, varies based on state of policy issue)</i></p>\r\n<p>The Premier Chronic Illness Rider allows a policyowner to accelerate payment of up to $3 million of the policy's death benefit if the insured is certified as Chronically Ill by a Licensed Health Care Practitioner. Chronically Ill means the insured is unable to perform 2 of the 6 activities of daily living (eating, bathing, continence, dressing, toileting, and transferring) for a period of at least 90 days or need substantial supervision due to a severe cognitive impairment. There is a monthly charge for this rider. No health licensed is required to sell.<br>\r\n<br>\r\nApplicable to both riders: Chronic illness riders are a life insurance component that enhance the flexibility of a life insurance policy to provide benefits if the insured develops a chronic illness. Benefit payments reduce the policy's death benefit and other values under the policy. If the entire death benefit is accelerated, the policy will terminate.</p>\r\n" } ] }, { "categoryTitle" : "Long-Term Care Benefits", "points" : [ { "title" : "Yes", "description" : null } ] }, { "categoryTitle" : "Coverage Types", "points" : [ { "title" : "Basic Coverage", "description" : "<p><b>Basic Coverage</b></p>\r\n<p>Basic Coverage provides insurance on the primary insured (or insureds for survivor products) that is payable upon the death of the insured (surviving insureds for survivorship products). It is not available on any other lives. Basic Coverage is commissionable.</p>\r\n" } ] }, { "categoryTitle" : "Standard Riders (issued with policy)", "points" : [ { "title" : "Conversion Rider", "description" : "<p><b>Conversion Rider</b></p>\r\n<p><i>(Form #R13CON, varies based on state of policy issue)</i></p>\r\n<p>The Conversion Rider allows policyowner to convert eligible coverages to any other eligible life insurance product with no new underwriting or surrender charges on the original policy during the conversion year. There is no monthly rider charge and no charge to exercise the rider.</p>\r\n" }, { "title" : "Short-Term No-Lapse Guarantee Rider", "description" : "<p><b>Short-Term No-Lapse Guarantee Rider</b></p>\r\n<p><i>(Form #R02NL5)</i></p>\r\n<p>Short-Term No-Lapse Guarantee Rider is issued with all policies electing Death Benefit Option A or B with insureds issue ages 75 and under. Paying only the Short-Term No-Lapse Premiums will guarantee the death benefit from four to 20 years but will not guarantee cash value accumulation. If your client discontinues paying the Short-Term No-Lapse 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.</p>\r\n" }, { "title" : "Terminal Illness Rider", "description" : "<p><b>Terminal Illness Rider</b></p>\r\n<p><i>(Form #R12TII, varies based on state of policy issue)</i></p>\r\n<p>If Premier Living Benefits Rider 2 is not elected on the policy, this rider will automatically be issued with the policy at no additional charge. This rider allows the policyowner access to a portion of the policy’s death benefit after the insured is diagnosed with a terminal illness resulting in a life expectancy of 12 months or less (some states require a period other than 12 months—check for state variations). The cost of exercising the rider is that the death benefit is reduced by an amount greater than the rider benefit payment itself to reflect the early payment of the death benefit.</p>\r\n" } ] }, { "categoryTitle" : "Optional Riders (must be elected at policy issue)", "points" : [ { "title" : "Flexible Duration No-Lapse Guarantee Rider", "description" : "<p><b>Flexible Duration No-Lapse Guarantee Rider</b></p>\r\n<p><i>(Form series R21FNL, S21FNL varies based on state of policy issue)</i></p>\r\n<p>The Flexible Duration No-Lapse guarantee, depending on how your client structures their policy, has a maximum duration of the insured’s lifetime, subject to certain limits. If your client’s net no-lapse guarantee value is zero, the no-lapse feature terminates. If the no-lapse feature terminates, additional premiums would be required to resume the no-lapse guarantee. If policy performance is such that your client’s policy is being maintained solely by the no-lapse guarantee, your client’s policy will not build cash value. For the rider’s guarantee to remain in place, the policyowner must not request an unscheduled increase in face amount and must remain 100% allocated among the Fixed Account or other Allowable Investment Options specified in the prospectus.</p>\r\n" }, { "title" : "Premier Chronic Illness Rider", "description" : "<p><b>Premier Chronic Illness Rider</b></p>\r\n<p><i>(Form series R22CHR, S21CHR, varies based on state of policy issue)</i></p>\r\n<p>This optional rider may be added at policy issue for a monthly rider charge. It allows the policyowner to access a portion of the policy’s death benefit while still living if the eligible insured is certified as chronically ill by a licensed health care practitioner (unable to perform 2 of the 6 activities of daily living or requiring substantial supervision due to severe cognitive impairment). This rider is an accelerated death benefit rider for chronic illness. Eligible insureds are age 18 through 75, subject to additional underwriting requirements beyond the life insurance policy’s requirements and a one chronic illness rider per insured issue limit. Benefit payments reduce the policy’s death benefit and other values under the policy. If the entire death benefit is accelerated, the policy will terminate. Benefit payments may not exceed 100% of the IRS per diem. Benefits paid by accelerating the policy’s death benefit are intended to qualify as death benefits under section 101(g) of the Internal Revenue Code and may be excludable from their income. Federal, state, and/or local tax rules relating to the payment of accelerated death benefits are complex. Depending on your specific facts and circumstances, benefits may or may not be taxable. These payments may affect eligibility for other benefits provided by federal, state, or local government including public assistance programs such as Medicaid. When benefits are received from multiple policies providing long-term care or chronic illness benefits for a given insured, including policies with different owners, all of those benefits must be aggregated to determine their taxability. Advice and guidance should be obtained from your independent tax advisor. Pacific Life cannot determine whether the benefits are taxable.</p>\r\n" }, { "title" : "Premier Living Benefits Rider 2", "description" : "<p><b>Premier Living Benefits Rider 2</b></p>\r\n<p><i>(Form series R18ADB, S18ADB, varies based on state of policy issue)</i></p>\r\n<p>The Premier Living Benefits Rider 2 is an accelerated death benefit rider for chronic illness. There is no upfront charge for this rider. When exercised, the rider reduces the death benefit by a greater amount than the rider benefit payout. This rider allows the policyowner to accelerate a portion of the death benefit as rider benefit payments while the insured is certified as having a chronic illness (unable to perform at least 2 of the 6 activities of daily living or requiring substantial supervision due to cognitive impairment). The Premier Living Benefits Rider requires the insured's chronic illness to be deemed permanent. Chronic illness riders are a life insurance component that enhance the flexibility of a life insurance policy to provide benefits if the insured develops a chronic illness.</p>\r\n<p>Benefit payments reduce the policy's death benefit and other values under the policy. If the entire death benefit is accelerated, the policy will terminate.</p>\r\n<p>Benefits paid by accelerating the policy’s death benefit may or may not qualify for favorable tax treatment under Section 101(g) of the Internal Revenue Code of 1986.</p>\r\n" } ] } ] }, { "productTitle" : "Pacific Legacy Survivorship VUL", "formNumber" : "<p>Form series P22SVL, S22PLS¹</p>\r\n", "path" : "/content/life-affluent/products/vul/pacific-legacy-survivorship-vul", "categories" : [ { "categoryTitle" : "Product Type", "points" : [ { "title" : "Survivorship variable universal life insurance", "description" : null } ] }, { "categoryTitle" : "Consumer Needs", "points" : [ { "title" : "Death benefit protection", "description" : null }, { "title" : "Estate preservation Legacy planning", "description" : null }, { "title" : "Wealth Transfer", "description" : null } ] }, { "categoryTitle" : "Key Features", "points" : [ { "title" : "Streamlined list of available investment options with focus on cost-efficient options", "description" : null }, { "title" : "Competitive no-lapse guarantees up to the younger insured's attained age 90", "description" : "<p><b>Age 90 No-Lapse Guarantee Rider</b></p>\r\n<p><i>(Form #R22NLG, SSNLG, varies based on state of policy issue)</i></p>\r\n<p>The Age 90 No-Lapse Guarantee Rider is automatically included at no additional charge on insureds between the ages of 18 and 79. As long as the minimum no-lapse premium requirements are met, the rider will prevent policy lapse up to attained age 90&nbsp;of the younger insured— regardless of the policy’s market performance or interest crediting. Investment option restrictions may apply.</p>\r\n<p>Age 90 No-Lapse Guarantee Rider 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.</p>\r\n" }, { "title" : "Optional chronic illness benefits", "description" : "<p><b>Premier Living Benefits Rider 2</b></p>\r\n<p><i>(Form series R18ADB, S18ADB, varies based on state of policy issue)</i></p>\r\n<p>The Premier Living Benefits Rider 2 is an accelerated death benefit rider for chronic illness. There is no upfront charge for this rider. When exercised, the rider reduces the death benefit by a greater amount than the rider benefit payout. This rider allows the policyowner to accelerate a portion of the death benefit as rider benefit payments while the insured is certified as having a chronic illness (unable to perform at least 2 of the 6 activities of daily living or requiring substantial supervision due to cognitive impairment). The Premier Living Benefits Rider requires the insured's chronic illness to be deemed permanent. Chronic illness riders are a life insurance component that enhance the flexibility of a life insurance policy to provide benefits if the insured develops a chronic illness.</p>\r\n<p>Benefit payments reduce the policy's death benefit and other values under the policy. If the entire death benefit is accelerated, the policy will terminate.<br>\r\n</p>\r\n<p>Benefits paid by accelerating the policy’s death benefit may or may not qualify for favorable tax treatment under Section 101(g) of the Internal Revenue Code of 1986.</p>\r\n" }, { "title" : "Selection of standard riders to help increase estate planning flexibility", "description" : null } ] }, { "categoryTitle" : "Indexed Accounts", "points" : [ { "title" : "No", "description" : null } ] }, { "categoryTitle" : "Enhanced Performance Factor Rider", "points" : [ { "title" : "No", "description" : null } ] }, { "categoryTitle" : "Subaccount Investment Choices", "points" : [ { "title" : "Streamlined list of investment choices focused on the simplicity and cost-efficiency of passively managed index funds", "description" : null }, { "title" : "Seven actively managed funds also available", "description" : null } ] }, { "categoryTitle" : "No-Lapse Guarantees", "points" : [ { "title" : "Choice of duration up to younger insured's attained age 90", "description" : "<p><b>Age 90 No-Lapse Guarantee Rider</b></p>\r\n<p><i>(Form #R22NLG, SSNLG, varies based on state of policy issue)</i></p>\r\n<p>The Age 90 No-Lapse Guarantee Rider is automatically included at no additional charge on insureds between the ages of 18 and 79. As long as the minimum no-lapse premium requirements are met, the rider will prevent policy lapse up to attained age 90&nbsp;of the younger insured— regardless of the policy’s market performance or interest crediting. Investment option restrictions may apply.</p>\r\n<p>Age 90 No-Lapse Guarantee Rider 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.</p>\r\n" } ] }, { "categoryTitle" : "Chronic Illness Benefits", "points" : [ { "title" : "Yes (optional)", "description" : "<p><b>Premier Living Benefits Rider 2</b></p>\r\n<p><i>(Form series R18ADB, S18ADB, varies based on state of policy issue)</i></p>\r\n<p>The Premier Living Benefits Rider 2 is an accelerated death benefit rider for chronic illness. There is no upfront charge for this rider. When exercised, the rider reduces the death benefit by a greater amount than the rider benefit payout. This rider allows the policyowner to accelerate a portion of the death benefit as rider benefit payments while the insured is certified as having a chronic illness (unable to perform at least 2 of the 6 activities of daily living or requiring substantial supervision due to cognitive impairment). The Premier Living Benefits Rider requires the insured's chronic illness to be deemed permanent. Chronic illness riders are a life insurance component that enhance the flexibility of a life insurance policy to provide benefits if the insured develops a chronic illness.<br>\r\n</p>\r\n<p>Benefit payments reduce the policy's death benefit and other values under the policy. If the entire death benefit is accelerated, the policy will terminate.<br>\r\n<br>\r\nBenefits paid by accelerating the policy’s death benefit may or may not qualify for favorable tax treatment under Section 101(g) of the Internal Revenue Code of 1986.</p>\r\n" } ] }, { "categoryTitle" : "Long-Term Care Benefits", "points" : [ { "title" : "No", "description" : null } ] }, { "categoryTitle" : "Coverage Types", "points" : [ { "title" : "Basic Coverage", "description" : "<p><b>Basic Coverage</b></p>\r\n<p>Basic Coverage provides insurance on the primary insured (or insureds for survivor products) that is payable upon the death of the insured (surviving insureds for survivorship products). It is not available on any other lives. Basic Coverage is commissionable.</p>\r\n" } ] }, { "categoryTitle" : "Standard Riders (issued with policy)", "points" : [ { "title" : "Age 90 No-Lapse Guarantee Rider", "description" : "<p><b>Age 90 No-Lapse Guarantee Rider</b></p>\r\n<p><i>(Form #R22NLG, SSNLG, varies based on state of policy issue)</i></p>\r\n<p>The Age 90 No-Lapse Guarantee Rider is automatically included at no additional charge on insureds between the ages of 18 and 79. As long as the minimum no-lapse premium requirements are met, the rider will prevent policy lapse up to attained age 90&nbsp;of the younger insured— regardless of the policy’s market performance or interest crediting. Investment option restrictions may apply.</p>\r\n<p>Age 90 No-Lapse Guarantee Rider 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.</p>\r\n" }, { "title" : "Conversion Rider", "description" : "<p><b>Conversion Rider</b></p>\r\n<p><i>(Form #R13CON, varies based on state of policy issue)</i></p>\r\n<p>The Conversion Rider allows policyowner to convert eligible coverages to any other eligible life insurance product with no new underwriting or surrender charges on the original policy during the conversion year. There is no monthly rider charge and no charge to exercise the rider.</p>\r\n" }, { "title" : "Enhanced Policy Split Option Rider", "description" : "<p><b>Enhanced Policy Split Option Rider</b></p>\r\n<p><i>(Form #R17ESO, varies based on state of policy issue)</i></p>\r\n<p>If certain federal estate tax laws change significantly, the Enhanced Policy Split Option Rider allows (subject to limitations) the policy to be split into two new policies (one on each insured) with no new medical underwriting if split equally.</p>\r\n" }, { "title" : "Policy Split Option Rider", "description" : "<p><b>Policy Split Option Rider</b></p>\r\n<p><i>(Form #R03PSO)</i></p>\r\n<p>If the policyowners no longer wish to keep their policy in its entirety, they may exercise this rider to split the original policy into any two new single life policies that Pacific Life makes available at the time subject to new medical underwriting and approval of the application.</p>\r\n" }, { "title" : "Terminal Illness Rider-Last Survivor", "description" : "<p><b>Terminal Illness Rider-Last Survivor</b></p>\r\n<p><i>(Form #R13TIS, varies based on state of policy issue)</i></p>\r\n<p>If Premier Living Benefits Rider 2 is not elected on the policy, this rider will automatically be issued with the policy at no additional charge. This rider allows the policyowner access to a portion of the policy’s death benefit after the surviving insured is diagnosed with a terminal illness resulting in a life expectancy of 12 months or less (some states require a period other than 12 months—check for state variations). The cost of exercising the rider is that the death benefit is reduced by an amount greater than the rider benefit payment itself to reflect the early payment of the death benefit.</p>\r\n" } ] }, { "categoryTitle" : "Optional Riders (must be elected at policy issue)", "points" : [ { "title" : "Premier Living Benefits Rider 2", "description" : "<p><b>Premier Living Benefits Rider 2</b></p>\r\n<p><i>(Form series R18ADB, S18ADB, varies based on state of policy issue)</i></p>\r\n<p>The Premier Living Benefits Rider 2 is an accelerated death benefit rider for chronic illness. There is no upfront charge for this rider. When exercised, the rider reduces the death benefit by a greater amount than the rider benefit payout. This rider allows the policyowner to accelerate a portion of the death benefit as rider benefit payments while the insured is certified as having a chronic illness (unable to perform at least 2 of the 6 activities of daily living or requiring substantial supervision due to cognitive impairment). The Premier Living Benefits Rider requires the insured's chronic illness to be deemed permanent. Chronic illness riders are a life insurance component that enhance the flexibility of a life insurance policy to provide benefits if the insured develops a chronic illness.</p>\r\n<p>Benefit payments reduce the policy's death benefit and other values under the policy. If the entire death benefit is accelerated, the policy will terminate.</p>\r\n<p>Benefits paid by accelerating the policy’s death benefit may or may not qualify for favorable tax treatment under Section 101(g) of the Internal Revenue Code of 1986.</p>\r\n" }, { "title" : "Estate Preservation Rider", "description" : "<p><b>Estate Preservation Rider</b></p>\r\n<p><i>(Form #R13EPR, varies based on state of policy issue)</i></p>\r\n<p>The Estate Preservation Rider (EPR) provides additional death benefit coverage in the first four policy years of up to 67% of the initial Total Face Amount at an additional cost. The additional coverage is subject to certain age, risk classifications and amount limits and is payable in the event that both insureds die in the first four policy years.</p>\r\n" } ] } ] } ] }, { "category" : "TERM", "products" : [ { "productTitle" : "Pacific Elite Term", "formNumber" : "<p>Form series P12TRF and P12TRF 10,20,30²</p>\r\n", "path" : "/content/life-affluent/products/term/pacific-elite-term", "categories" : [ { "categoryTitle" : "Product Type", "points" : [ { "title" : "Term life insurance", "description" : null } ] }, { "categoryTitle" : "Consumer Needs", "points" : [ { "title" : "Death benefit protection", "description" : null }, { "title" : "Income replacement", "description" : null } ] }, { "categoryTitle" : "Key Features", "points" : [ { "title" : "Competitive premiums", "description" : null }, { "title" : "10-,20-, and 30-year level premium periods", "description" : null }, { "title" : "Conversion benefit", "description" : null } ] }, { "categoryTitle" : "Indexed Accounts", "points" : [ { "title" : "No", "description" : null } ] }, { "categoryTitle" : "Enhanced Performance Factor Rider", "points" : [ { "title" : "No", "description" : null } ] }, { "categoryTitle" : "Subaccount Investment Choices", "points" : [ { "title" : "No", "description" : null } ] }, { "categoryTitle" : "No-Lapse Guarantees", "points" : [ { "title" : "No", "description" : null } ] }, { "categoryTitle" : "Chronic Illness Benefits", "points" : [ { "title" : "Yes (optional)", "description" : null } ] }, { "categoryTitle" : "Long-Term Care Benefits", "points" : [ { "title" : "No", "description" : null } ] }, { "categoryTitle" : "Coverage Types", "points" : [ { "title" : "-", "description" : null } ] }, { "categoryTitle" : "Standard Riders (issued with policy)", "points" : [ { "title" : "Terminal Illness Rider", "description" : "<p><b>Accelerated Death Benefit Rider for Terminal Illness</b></p>\r\n<p><i>(Form #R12TTI, varies based on state of policy issue)</i></p>\r\n<p>Provides access to up to $250k of the policy's death benefit if the insured is diagnosed with a terminal illness. resulting in a life expectancy of 12 months or less (some states require a period other than 12 months—check for state variations). The cost of exercising the rider is that the death benefit is reduced by an amount greater than the rider benefit payment itself to reflect the early payment of the death benefit. Rider benefit payments will reduce the death benefit.</p>\r\n" } ] }, { "categoryTitle" : "Optional Riders (must be elected at policy issue)", "points" : [ { "title" : "Waiver of Premium Rider", "description" : "<p><b>Waiver of Premium Rider</b></p>\r\n<p><i>(Form #R12TPF, varies based on state of policy issue.)</i></p>\r\n<p>Waives premiums (after a waiting period of 180 days) if the insured becomes disabled before age 65. Disabled is defined as being unable to perform the duties of the insured's job. During the first 24 months, “the job” means the insured's job at the beginning of the disability. Thereafter, “the job” means any job for which the insured is reasonably suited. There is a charge for this rider.</p>\r\n<p>The maximum duration of waived premiums varies based on insured’s age when disability starts. If disability starts before age 60, premiums will be waived as long as disability continues. If such a disability continues to age 65 (or longer), premiums will be waived until policy termination without any requirement that the insured provide proof of continuing disability. If disability starts at age 60 or later (but before age 65), premiums will be waived as long as disability continues, but only to age 65, or for two years, whichever is longer.</p>\r\n" }, { "title" : "Critical Illness Rider", "description" : "<p><b>Critical Illness Rider</b></p>\r\n<p><i>(Form series R25TCI, S25TCI, varies based on state of policy issue)</i></p>\r\n<p>Allows policyowner to accelerate payment of a portion of the death benefit if the insured is certified with a critical illness.<br>\r\nCovered conditions: Invasive cancer, end-stage renal failure, heart attack, major organ transplant, paralysis, stroke. Excludes attempted suicide or self-inflicted injury.<br>\r\nThe cost of exercising the rider is that the death benefit is reduced by an amount greater than the rider benefit payment itself to reflect the early payment of the death benefit. Rider benefit payments will reduce the death benefit.<br>\r\nAccelerated death benefits may adversely affect eligibility for Medicaid benefits or other benefits provided by federal, state or local government. Although Critical Illness benefit proceeds accelerate the death benefit payment on your policy, they may not be considered an acceleration of the policy’s death benefit for federal tax purposes. Receipt of such payment may be taxable depending on your specific facts and circumstances. Consequently, consider seeking the advice and guidance of a qualified tax advisor prior to the receipt of any Critical Illness benefit proceeds. A decision to exercise these riders is irrevocable once Pacific Life has issued any benefit payment.<br>\r\nCritical Illness Rider is not approved or available in CA.</p>\r\n" }, { "title" : "Chronic Illness Rider", "description" : "<p><b>Chronic Illness Rider</b></p>\r\n<p><i>(Form series R25TCH, S25TCH, varies based on state of policy issue)</i></p>\r\n<p>Allows policyowner to accelerate payment of a portion of the death benefit if the insured is certified with a permanent chronic illness.<br>\r\nCovered conditions: Inability to perform at least two of six activities of daily living (bathing, dressing, eating, toileting, transferring, continence).<br>\r\nExcludes attempted suicide or self-inflicted injury.<br>\r\nThe cost of exercising the rider is that the death benefit is reduced by an amount greater than the rider benefit payment itself to reflect the early payment of the death benefit. Rider benefit payments will reduce the death benefit, cash surrender value, and any policy debt. Additionally, rider benefit payments may adversely affect the benefits under other riders.<br>\r\nBenefits paid by accelerating the policy’s death benefit may or may not qualify for favorable tax treatment under Section 101(g) of the Internal Revenue Code of 1986. Tax treatment of an accelerated death benefit may depend on factors such as the amount of benefits in relation to certain IRS limitations (referred to as &quot;per diem&quot; limitations), the amount of qualified expenses incurred or if similar benefits are being received under other contracts. Receipt of accelerated death benefits may affect eligibility for public assistance programs such as Medicaid. When benefits are received from multiple policies providing long-term care or chronic illness benefits for a given insured, including policies with different owners, all of those benefits must be aggregated to determine their taxability. Tax laws relating to accelerated death benefits are complex. Pacific Life cannot determine whether the benefits are taxable. Clients are advised to consult with qualified and independent legal and tax advisors for more information.<br>\r\nChronic Illness Rider is not approved or available in CA.</p>\r\n" }, { "title" : "Conversion Extension Rider", "description" : "<p><b>Conversion Extension Rider</b></p>\r\n<p><i>(Form series R25EXT, S25EXT, varies based on state of policy issue)</i></p>\r\n<p>Extends the Conversion Period End Date under the Conversion Benefit of the policy to the earlier of 20- or 30-year level premium period or attained age 70.<br>\r\nThere are circumstances in which replacing a life insurance or annuity policy can be beneficial. As a general rule, however, replacement is not in the policyholder's best interest. Costs and benefits should be carefully considered, including any applicable surrender charges, of the existing policy and the proposed policy to analyze how a replacement may affect the policyholder's plan of insurance. These details should be provided to the policyholder to discuss whether replacement is in their best interest.<br>\r\nConversion Extension Rider is not approved or available in CA.</p>\r\n" } ] } ] }, { "productTitle" : "PL Promise Term", "formNumber" : "<p>Form series P16LYT and S16LYT 10,15,20,25,30²</p>\r\n", "path" : "/content/life-affluent/products/term/pl-promise-term", "categories" : [ { "categoryTitle" : "Product Type", "points" : [ { "title" : "Term life insurance", "description" : null } ] }, { "categoryTitle" : "Consumer Needs", "points" : [ { "title" : "Death benefit protection", "description" : null }, { "title" : "Income replacement", "description" : null } ] }, { "categoryTitle" : "Key Features", "points" : [ { "title" : "Competitive premiums", "description" : null }, { "title" : "10-,15-,20-,25-, and 30-year level premium periods", "description" : null } ] }, { "categoryTitle" : "Indexed Accounts", "points" : [ { "title" : "No", "description" : null } ] }, { "categoryTitle" : "Enhanced Performance Factor Rider", "points" : [ { "title" : "No", "description" : null } ] }, { "categoryTitle" : "Subaccount Investment Choices", "points" : [ { "title" : "No", "description" : null } ] }, { "categoryTitle" : "No-Lapse Guarantees", "points" : [ { "title" : "No", "description" : null } ] }, { "categoryTitle" : "Chronic Illness Benefits", "points" : [ { "title" : "No", "description" : null } ] }, { "categoryTitle" : "Long-Term Care Benefits", "points" : [ { "title" : "No", "description" : null } ] }, { "categoryTitle" : "Coverage Types", "points" : [ { "title" : "-", "description" : null } ] }, { "categoryTitle" : "Standard Riders (issued with policy)", "points" : [ { "title" : "Accelerated Death Benefit Rider for Terminal Illness ", "description" : "<p><b>Accelerated Death Benefit Rider for Terminal Illness</b></p>\r\n<p><i>(Form #R16LYTIR, varies by state of policy issue)</i></p>\r\n<p>This rider provides for an accelerated death benefit payment payable in the event of the insured’s qualifying terminal illness. This feature is provided at no additional cost, but there is an administrative fee when exercised. The accelerated death benefit is based on a portion of the policy’s death benefit, subject to a maximum benefit amount. The accelerated death benefit is treated as a lien, which accrues interest. Upon the death of the insured, the death benefit payable is reduced by the total accelerated death benefit lien.</p>\r\n" } ] }, { "categoryTitle" : "Optional Riders (must be elected at policy issue)", "points" : [ { "title" : "Children's Level Term Insurance Rider", "description" : "<p><b>Children's Level Term Insurance Rider</b></p>\r\n<p><i>(Form #R18LYCT, varies based on state of policy issue)</i></p>\r\n<p>This rider provides death benefit protection for families with one or multiple children. A single rider charge covers all covered children, issue age 15 days–18 years. The maximum coverage amount is $10,000 per policy, with a total of $20,000 per child for all policies the insured has with Pacific Life. Coverage on a dependent child terminates on the earlier of the child’s 25th birthday, the policy anniversary nearest the insured’s 65th birthday, the insured’s death, or upon conversion of the child’s coverage. Rider is available to policy insureds ages 18-55 with no worse than a Table 4 Rating. Rider coverage is subject to underwriting approval for each child alive at the time the rider is issued.</p>\r\n" }, { "title" : "Waiver of Premium Rider", "description" : "<p><b>Waiver of Premium Rider</b></p>\r\n<p><i>(Form #R16LYPW, varies based on state of policy issue)</i></p>\r\n<p>If your client elects to add this optional rider for additional cost to the policy, Pacific Life will waive premium payments while the insured is totally disabled. The insured must provide written notice and proof of total disability and provide proof that total disability has existed continuously for 180 days or more. This benefit will terminate at the insured’s attained age 65 or upon termination of this policy or rider, if sooner. However, if the insured becomes disabled prior to attained age 60 and disability continues to attained age 65, premiums are waived for the life of the policy. Rider is available to insureds issue ages 18-55 with no worse than a Table 4 Rating and a death benefit amount of $5 million or less. Rider issue is subject to underwriting approval of the insured.</p>\r\n" } ] } ] } ] }, { "category" : "UL", "products" : [ { "productTitle" : "Pacific Venture UL 2", "formNumber" : "<p>Form series P25UL, S2UL¹</p>\r\n", "path" : "/content/life-affluent/products/ul/pacific-venture-ul-2", "categories" : [ { "categoryTitle" : "Product Type", "points" : [ { "title" : "Single life universal life insurance", "description" : null } ] }, { "categoryTitle" : "Consumer Needs", "points" : [ { "title" : "Death benefit protection", "description" : null }, { "title" : "Supplemental retirement income", "description" : null }, { "title" : "Legacy and business planning", "description" : null }, { "title" : "Early-year cash surrender values", "description" : null } ] }, { "categoryTitle" : "Key Features", "points" : [ { "title" : "Choice of three coverage type options to help customize performance potential ", "description" : "<p><b>Coverage type options provide enhanced customization to help align policy coverages with clients' varying needs.</b></p>\r\n<p><i>&nbsp;</i></p>\r\n<p>Pacific Venture UL 2 provides a choice of three coverage type options (must be elected at policy issue):<br>\r\n<br>\r\n● Basic coverage is designed to offer a balance between higher early-year cash surrender values and long-term performance potential.<br>\r\n● Basic coverage with the SVER-3 Term Insurance Rider increases the ratio of cash surrender value to premiums paid during the policy's early years.<br>\r\n● Basic coverage with the Long Term Performance Rider is designed for cash value accumulation potential for both death benefit and supplement income designs.</p>\r\n" }, { "title" : "Competitive interest crediting rate", "description" : null }, { "title" : "1% guaranteed minimum annual interest crediting", "description" : null }, { "title" : "Higher early-year cash surrender value potential", "description" : "<p><b>SVER-3 Term Insurance Rider</b></p>\r\n<p><i>(Form series R18SV3, S18SV3, varies based on state of policy issue)</i></p>\r\n<p>The optional SVER-3 Term Insurance Rider may increase the ratio of cash surrender value to premiums paid during the policy’s early years, which may be useful in certain business planning and premium financing scenarios.</p>\r\n" }, { "title" : "Long-term performance potential", "description" : "<p><b>Long-Term Performance Rider</b></p>\r\n<p><i>(Form series R25LTP, S25LTP, varies based on state of policy issue)</i></p>\r\n<p>The Long-Term Performance Rider is designed for cash value accumulation potential for both death benefit and supplement income designs.</p>\r\n" }, { "title" : "Choice of chronic illness or long-term care benefits", "description" : "<p><b>Chronic illness benefits provided by Premier Living Benefits Rider 2 or Premier Chronic Illness Rider. Long-term care benefits provided by Premier LTC Rider.</b></p>\r\n<p><i>(Form series R18ADB, S18ADB, varies by state of policy issue; Form series R22CHR, S23CHR, varies by state of policy issue; and, Form series R15LTC, R15LTC SP, varies based on state of policy issue)</i></p>\r\n<p>Premier Chronic Illness Rider<br>\r\nThe cost of exercising the rider is that the death benefit is reduced by an amount greater than the rider benefit payment itself to reflect the early payment of the death benefit. Benefits paid by accelerating the policy’s death benefit may or may not qualify for favorable tax treatment under Section 101(g) of the Internal Revenue Code of 1986.<br>\r\nPremier LTC Rider<br>\r\nThis rider is subject to eligibility and underwriting approval. The policy to which this rider is attached is subject to a medical exam, Medical Information Bureau (MIB), and prescription report; and may include obtaining records from your physician, a Personal History Interview, and a Cognitive Assessment. The amount and duration of the maximum LTC Benefits and the rider charge will vary based on the benefit options elected at time of application and the use of policy benefits and features. The rider charge is included as part of the monthly deduction for the policy. Rates for long-term care coverage under this rider may increase over time, but not above those stated in the policy. This rider is intended to provide federally tax-qualified long-term care insurance as defined in IRC Section 7702B(b). Exclusions apply.</p>\r\n" }, { "title" : "Included no-lapse guarantee protection up to age 90 on eligible policies with option to extend up to lifetime", "description" : "<p><b>No-Lapse Guarantees</b></p>\r\n<p><i>Age 90 No-Lapse Guarantee Rider (Form series R22NLG, S22NLG, varies based on state of policy issue) and Flexible Duration No-Lapse Guarantee Rider (Form series R25FNL, S25FNL, varies based on state of policy issue)</i></p>\r\n<p>The Age 90 No-Lapse Guarantee Rider 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 up to the 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.<br>\r\nThe Flexible Duration No-Lapse Guarantee, depending on how your client structures their policy, has a maximum duration of the insured’s lifetime, subject to certain limits. If your client’s net no-lapse guarantee value is zero, the no-lapse feature terminates. If the no-lapse feature terminates, additional premiums would be required to resume the no-lapse guarantee. If policy performance is such that your client’s policy is being maintained solely by the no-lapse guarantee, your client’s policy will not build cash value.</p>\r\n" } ] }, { "categoryTitle" : "Indexed Accounts", "points" : [ { "title" : "No", "description" : null } ] }, { "categoryTitle" : "Enhanced Performance Factor Rider", "points" : [ { "title" : "No", "description" : null } ] }, { "categoryTitle" : "Subaccount Investment Choices", "points" : [ { "title" : "No", "description" : null } ] }, { "categoryTitle" : "No-Lapse Guarantees", "points" : [ { "title" : "Included no-lapse guarantee protection up to age 90 on eligible policies with option to extend up to lifetime", "description" : "<p><b>No-Lapse Guarantees</b></p>\r\n<p><i>Age 90 No-Lapse Guarantee Rider (Form series R22NLG, S22NLG, varies based on state of policy issue) and Flexible Duration No-Lapse Guarantee Rider (Form series R25FNL, S25FNL, varies based on state of policy issue)</i></p>\r\n<p>The Age 90 No-Lapse Guarantee Rider 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 up to the 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.<br>\r\n<br>\r\nThe Flexible Duration No-Lapse Guarantee, depending on how your client structures their policy, has a maximum duration of the insured’s lifetime, subject to certain limits. If your client’s net no-lapse guarantee value is zero, the no-lapse feature terminates. If the no-lapse feature terminates, additional premiums would be required to resume the no-lapse guarantee. If policy performance is such that your client’s policy is being maintained solely by the no-lapse guarantee, your client’s policy will not build cash value.</p>\r\n" } ] }, { "categoryTitle" : "Chronic Illness Benefits", "points" : [ { "title" : "Yes (optional) ", "description" : "<p><b>Premier Living Benefits Rider 2</b></p>\r\n<p><i>(Form series R18ADB, S18ADB, varies based on state of policy issue)</i></p>\r\n<p>The Premier Living Benefits Rider 2 is an accelerated death benefit rider for chronic illness. There is no upfront charge for this rider. When exercised, the rider reduces the death benefit by a greater amount than the rider benefit payout. This rider allows the policyowner to accelerate a portion of the death benefit as rider benefit payments while the insured is certified as having a chronic illness (unable to perform at least 2 of the 6 activities of daily living or requiring substantial supervision due to cognitive impairment). The Premier Living Benefits Rider requires the insured's chronic illness to be deemed permanent. Lifetime and monthly maximum rider benefits vary by rider selection.<br>\r\n</p>\r\n<p>Premier Chronic Illness Rider</p>\r\n<p><i>(Form series R22CHR, S23CHR, varies based on state of policy issue)</i></p>\r\n<p>The Premier Chronic Illness Rider allows a policyowner to accelerate payment of up to $3 million of the policy's death benefit if the insured is certified as Chronically Ill by a Licensed Health Care Practitioner. Chronically Ill means the insured is unable to perform 2 of the 6 activities of daily living (eating, bathing, continence, dressing, toileting, and transferring) for a period of at least 90 days or need substantial supervision due to a severe cognitive impairment. There is a monthly charge for this rider. No health licensed is required to sell.<br>\r\n<br>\r\nApplicable to both riders: Chronic illness riders are a life insurance component that enhance the flexibility of a life insurance policy to provide benefits if the insured develops a chronic illness. Benefit payments reduce the policy's death benefit and other values under the policy. If the entire death benefit is accelerated, the policy will terminate.</p>\r\n" } ] }, { "categoryTitle" : "Long-Term Care Benefits", "points" : [ { "title" : "Yes (optional)", "description" : "<p><b>Premier LTC Rider</b></p>\r\n<p><i>(Form series R15LTC, R15LTC SP, varies based on state of policy issue)</i></p>\r\n<p>The Premier LTC Rider is an accelerated death benefit rider for long-term care. There is a monthly charge for this rider. Policyowner has choice of 2% or 4% maximum monthly benefit. This rider allows the policyowner to accelerate a portion of the death benefit as rider benefit payments while the insured is certified as having a chronic illness (unable to perform at least 2 of the 6 activities of daily living or requiring substantial supervision due to cognitive impairment).</p>\r\n<p>The Premier LTC Rider in not available on a policy with the Premier Living Benefits Rider 2 or Benefit Distribution Rider. The Premier LTC Rider is subject to eligibility and underwriting approval. The policy to which this rider is attached is subject to a medical exam, Medical Information Bureau (MIB), and prescription report; and may include obtaining records from your physician, a Personal History Interview, and a Cognitive Assessment. The amount and duration of the maximum LTC Benefits and the rider charge will vary based on the benefit options elected at time of application and the use of policy benefits and features.<br>\r\n<br>\r\nThe rider charge is included as part of the monthly deduction for the policy. Rates for long-term care coverage under this rider may increase over time, but not above those stated in the policy. This rider is intended to provide federally tax-qualified long-term care insurance as defined in IRC Section 7702B(b). Exclusions apply. A health license is required to sell this rider.</p>\r\n" } ] }, { "categoryTitle" : "Coverage Types", "points" : [ { "title" : "Basic Coverage", "description" : "<p><b>Basic Coverage</b></p>\r\n<p>Basic Coverage provides insurance on the primary insured (or insureds for survivor products) that is payable upon the death of the insured (surviving insureds for survivorship products). It is not available on any other lives. Basic Coverage is commissionable.</p>\r\n" }, { "title" : "Long-Term Performance Rider", "description" : "<p><b>Long-Term Performance Rider</b></p>\r\n<p><i>(Form series R25LTP, S25LTP3, varies based on state of policy issue)</i></p>\r\n<p>If elected at policy issue, the optional Long-Term Performance Rider coverage may help maximize long-term non-guaranteed performance potential with higher coverage charges over a shorter duration, which may be useful for supplemental retirement income and death benefit focused cases.</p>\r\n" }, { "title" : "SVER-3 Term Insurance Rider", "description" : "<p><b>SVER-3 Term Insurance Rider</b></p>\r\n<p><i>(Form series R18SV3, S18SV3, varies based on state of policy issue)</i></p>\r\n<p>If elected at policy issue, the optional SVER-3 Term Insurance Rider coverage may increase the ratio of cash surrender value to premiums paid during the policy’s early years, which may be useful in certain business planning and premium financing scenarios. Generally, this rider provides a higher Cash Surrender Value in the first 7 to 10 policy years and a lower Cash Surrender Value after the 10th policy year than a policy with Basic Coverage alone. SVER-3 Term Insurance Rider coverage is commissionable.</p>\r\n" } ] }, { "categoryTitle" : "Standard Riders (issued with policy)", "points" : [ { "title" : "Age 90 No-Lapse Guarantee Rider", "description" : null }, { "title" : "Conversion Rider", "description" : "<p><b>Conversion Rider</b></p>\r\n<p><i>(Form #R13CON, varies based on state of policy issue)</i></p>\r\n<p>The Conversion Rider allows policyowner to convert eligible coverages to any other eligible life insurance product with no new underwriting or surrender charges on the original policy during the conversion year. There is no monthly rider charge and no charge to exercise the rider.</p>\r\n" }, { "title" : "Guaranteed Cash Value on Termination Rider", "description" : "<p><b>Gauranteed Cash Value on Termination Rider</b></p>\r\n<p><i>(Form series R25GCV, S25GCV, varies based on state of policy issue)</i></p>\r\n<p>The Guaranteed Cash Value on Termination Rider provides an alternate accumulated value (AAV) that, if higher than the policy’s actual accumulated value is used to determine the amount available at the insured’s death, policy surrender, policy exchange, or to help prevent policy lapse. The AAV increases with premiums paid and the Alternate Interest Rate of 2%. The AAV is reduced by the AAV specific monthly deduction and any policy distributions. The rider is available for policies with a minimum of $50,000 face amount at no additional cost. See the Technical Guide for more information.</p>\r\n" }, { "title" : "Overloan Protection 3 Rider", "description" : "<p><b>Overloan Protection 3 Rider</b></p>\r\n<p><i>(Form series R15OLP, R15OLP SP, varies based on state of policy issue)</i></p>\r\n<p>The Overloan Protection 3 Rider, if exercised at the end of planned policy distributions, may help prevent policy lapse, particularly for policies with large outstanding loan balances. There is a one-time charge to exercise the rider, certain eligibility requirements must be met, and no further policy changes may be made after rider exercise. To help you illustrate the conditions for successful rider exercise, use Navigator illustration system’s “Auto-adjust illustration inputs for OLP” option in the “Riders” tab. The potential tax consequences of the Overloan Protection 3 Rider have not specifically been ruled on by the IRS or courts. Clients should consult their tax advisors.</p>\r\n" }, { "title" : "Terminal Illness Rider", "description" : "<p><b>Terminal Illness Rider</b></p>\r\n<p><i>(Form #R12TIU, varies based on state of policy issue)</i></p>\r\n<p>If Premier Living Benefits Rider 2 is not elected on the policy, this rider will automatically be issued with the policy at no additional charge. This rider allows the policyowner access to a portion of the policy’s death benefit after the insured is diagnosed with a terminal illness resulting in a life expectancy of 12 months or less (some states require a period other than 12 months—check for state variations). The cost of exercising the rider is that the death benefit is reduced by an amount greater than the rider benefit payment itself to reflect the early payment of the death benefit.</p>\r\n" } ] }, { "categoryTitle" : "Optional Riders (must be elected at policy issue)", "points" : [ { "title" : "Flexible Duration No-Lapse Guarantee Rider", "description" : "<p><b>Flexible Duration No-Lapse Guarantee Rider</b></p>\r\n<p><i>(Form Series R17FNL, S18FNL varies based on state of policy issue)</i></p>\r\n<p>The flexible duration no-lapse guarantee, depending on how your client structures their policy, has a maximum duration of the insured’s lifetime, subject to certain limits. If your client’s net no-lapse guarantee value is zero, the no-lapse feature terminates. If the no-lapse feature terminates, additional premiums would be required to resume the no-lapse guarantee. If policy performance is such that your client’s policy is being maintained solely by the no-lapse guarantee, your client’s policy will not build cash value.</p>\r\n" }, { "title" : "Long-Term Performance Rider (LTPR)", "description" : "<p><b>Premier Living Benefits Rider 2</b></p>\r\n<p><i>(Form series R25LTP, S25LTP3, varies based on state of policy issue)</i></p>\r\n<p>If elected at policy issue, the optional Long-Term Performance Rider coverage may help maximize long-term non-guaranteed performance potential with higher coverage charges over a shorter duration, which may be useful for supplemental retirement income and death benefitfocused cases with shorter premium durations.</p>\r\n" }, { "title" : "Premier Chronic Illness Rider", "description" : "<p><b>Premier Chronic Illness Rider</b></p>\r\n<p><i>(Form series R22CHR, S23CHR, varies by state of policy issue)</i></p>\r\n<p>This optional rider may be added at policy issue for a monthly rider charge. It allows the policyowner to access a portion of the policy’s death benefit while still living if the eligible insured is certified as chronically ill by a licensed health care practitioner (unable to perform 2 of the 6 activities of daily living or requiring substantial supervision due to severe cognitive impairment). This rider is an accelerated death benefit rider for chronic illness. Eligible insureds are age 18 through 75, subject to additional underwriting requirements beyond the life insurance policy’s requirements and a one chronic illness rider per insured issue limit. Benefit payments reduce the policy’s death benefit and other values under the policy. If the entire death benefit is accelerated, the policy will terminate. Benefit payments may not exceed 125% of the IRS per diem. Benefits paid by accelerating the policy’s death benefit are intended to qualify as death benefits under section 101(g) of the Internal Revenue Code and may be excludable from their income. Federal, state, and/or local tax rules relating to the payment of accelerated death benefits are complex. Depending on your specific facts and circumstances, benefits may or may not be taxable. These payments may affect eligibility for other benefits provided by federal, state, or local government including public assistance programs such as Medicaid. When benefits are received from multiple policies providing long-term care or chronic illness benefits for a given insured, including policies with different owners, all of those benefits must be aggregated to determine their taxability. Advice and guidance should be obtained from your independent tax advisor. Pacific Life cannot determine whether the benefits are taxable.</p>\r\n" }, { "title" : "Premier Living Benefits Rider 2", "description" : "<p><b>Premier Living Benefits Rider 2</b></p>\r\n<p><i>(Form series R18ADB, S18ADB, varies based on state of policy issue)</i></p>\r\n<p>The Premier Living Benefits Rider 2 is an accelerated death benefit rider for chronic illness. There is no upfront charge for this rider. When exercised, the rider reduces the death benefit by a greater amount than the rider benefit payout. This rider allows the policyowner to accelerate a portion of the death benefit as rider benefit payments while the insured is certified as having a chronic illness (unable to perform at least 2 of the 6 activities of daily living or requiring substantial supervision due to cognitive impairment). The Premier Living Benefits Rider requires the insured's chronic illness to be deemed permanent. Chronic illness riders are a life insurance component that enhance the flexibility of a life insurance policy to provide benefits if the insured develops a chronic illness.</p>\r\n<p>Benefit payments reduce the policy's death benefit and other values under the policy. If the entire death benefit is accelerated, the policy will terminate.</p>\r\n<p>Benefits paid by accelerating the policy’s death benefit may or may not qualify for favorable tax treatment under Section 101(g) of the Internal Revenue Code of 1986.</p>\r\n" }, { "title" : "Premier LTC Rider", "description" : "<p><b>Premier LTC Rider</b></p>\r\n<p><i>(Form series R15LTC, R15LTC SP, varies based on state of policy issue)</i></p>\r\n<p>The Premier LTC Rider is an accelerated death benefit rider for long-term care. There is a monthly charge for this rider. Policyowner has choice of 2% or 4% maximum monthly benefit. This rider allows the policyowner to accelerate a portion of the death benefit as rider benefit payments while the insured is certified as having a chronic illness (unable to perform at least 2 of the 6 activities of daily living or requiring substantial supervision due to cognitive impairment).</p>\r\n<p>The Premier LTC Rider in not available on a policy with the Premier Living Benefits Rider 2 or Benefit Distribution Rider. The Premier LTC Rider is subject to eligibility and underwriting approval. The policy to which this rider is attached is subject to a medical exam, Medical Information Bureau (MIB), and prescription report; and may include obtaining records from your physician, a Personal History Interview, and a Cognitive Assessment. The amount and duration of the maximum LTC Benefits and the rider charge will vary based on the benefit options elected at time of application and the use of policy benefits and features. The rider charge is included as part of the monthly deduction for the policy. Rates for long-term care coverage under this rider may increase over time, but not above those stated in the policy. This rider is intended to provide federally tax-qualified long-term care insurance as defined in IRC Section 7702B(b). Exclusions apply. Benefit payments reduce the policy's death benefit and other values under the policy. If the entire death benefit is accelerated, the policy will terminate. A health license is required to sell this rider.</p>\r\n" }, { "title" : "Scheduled Annual Renewable Term Rider", "description" : "<p><b>Scheduled Annual Renewable Term Rider</b></p>\r\n<p><i>(Form series R15SRT, S17SRT, varies based on state of policy issue)</i></p>\r\n<p>If elected at policy issue, rider may be used to provide scheduled annual renewable term life insurance on the primary insured via scheduled increases. Maximum annual increase is 20% of total face amount prior to increase for attained ages 0-79 and 5% for ages 80-94. This rider’s face amount is $0 at policy issue and increases as each scheduled increase is processed. This rider may not be issued on same policy with Premier Living Benefits Rider 2 or Premier LTC Rider.</p>\r\n" }, { "title" : "SVER-3 Term Insurance Rider", "description" : "<p><b>SVER-3 Term Insurance Rider</b></p>\r\n<p><i>(Form series R18SV3, S18SV3, varies based on state of policy issue)</i></p>\r\n<p>If elected at policy issue, the optional SVER-3 Term Insurance Rider may increase the ratio of cash surrender value to premiums paid during the policy’s early years, which may be useful in certain business planning and premium financing scenarios. Generally, this rider provides a higher Cash Surrender Value in the first 10 policy years and a lower Cash Surrender Value after the 10th policy year than a policy with Basic Coverage alone.</p>\r\n" } ] } ] } ] }, { "category" : "GUL", "products" : [ { "productTitle" : "PL Promise GUL", "formNumber" : "<p>Form series P18PRUL, S18PRUL¹</p>\r\n", "path" : "/content/life-affluent/products/gul/pl-promise-gul", "categories" : [ { "categoryTitle" : "Product Type", "points" : [ { "title" : "Single life universal life insurance", "description" : null } ] }, { "categoryTitle" : "Consumer Needs", "points" : [ { "title" : "Death benefit protection", "description" : null }, { "title" : "Wealth transfer", "description" : null }, { "title" : "Lifetime level premium designs", "description" : null }, { "title" : "1035 exchanges", "description" : "<p><b>Note on exchanges</b></p>\r\n<p>There are circumstances in which replacing your client’s existing life insurance or annuity can benefit your client. As a general rule, however, replacement is not in your client’s best interest. 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 detailed information to your client and discuss whether replacement is in your client’s best interest.</p>\r\n" } ] }, { "categoryTitle" : "Key Features", "points" : [ { "title" : "Targeted for most competitive premiums to age 100 no-lapse guarantee", "description" : "<p><b>Lifetime no-lapse guarantee</b></p>\r\n<p><i>(Form #R17LYFNL, varies based on state of policy issue)<i></i></i></p>\r\n<p><i><i><p>The Lifetime No-Lapse Guarantee Rider is included in the policy at no additional charge. The no-lapse guarantee, depending on how your client structures their policy, has a maximum duration of the insured’s lifetime, subject to certain limits. If the net no-lapse guarantee value is zero, the no-lapse feature terminates. If the no-lapse feature terminates, additional premiums would be required to resume the no-lapse guarantee. If policy performance is such that the policy is being maintained solely by the no-lapse guarantee, the policy will not build cash value.</p>\r\n</i></i></p>\r\n" }, { "title" : "Low minimum face amount: $25,000", "description" : null }, { "title" : "Enhanced surrender value feature", "description" : "<p><b>Enhanced Surrender Value Rider</b></p>\r\n<p><i>(Form #R17LYESV, varies based on state of policy issue)</i></p>\r\n<p>In certain policy years, the policyowner may surrender the policy for a partial or full refund amount that varies based on issue age and face amount. The Return of Premium (ROP) feature is not available on face amounts under $50,000. Enhanced Surrender Value Rider is included at no additional charge in policies with death benefits of $50,000 or more with an elected no-lapse guarantee to at least age 100. For ages 70 and above, no-lapse guarantee duration must be at least 30 years.</p>\r\n" } ] }, { "categoryTitle" : "Indexed Accounts", "points" : [ { "title" : "No", "description" : null } ] }, { "categoryTitle" : "Enhanced Performance Factor Rider", "points" : [ { "title" : "No", "description" : null } ] }, { "categoryTitle" : "Subaccount Investment Choices", "points" : [ { "title" : "No", "description" : null } ] }, { "categoryTitle" : "No-Lapse Guarantees", "points" : [ { "title" : "Choice of duration up to lifetime", "description" : "<p><b>Lifetime no-lapse guarantee</b></p>\r\n<p><i>(Form #R17LYFNL, varies based on state of policy issue)<i></i></i></p>\r\n<p><i><i><p>The Lifetime No-Lapse Guarantee Rider is included in the policy at no additional charge. The no-lapse guarantee, depending on how your client structures their policy, has a maximum duration of the insured’s lifetime, subject to certain limits. If the net no-lapse guarantee value is zero, the no-lapse feature terminates. If the no-lapse feature terminates, additional premiums would be required to resume the no-lapse guarantee. If policy performance is such that the policy is being maintained solely by the no-lapse guarantee, the policy will not build cash value.</p>\r\n</i></i></p>\r\n" } ] }, { "categoryTitle" : "Chronic Illness Benefits", "points" : [ { "title" : "No", "description" : null } ] }, { "categoryTitle" : "Long-Term Care Benefits", "points" : [ { "title" : "No", "description" : null } ] }, { "categoryTitle" : "Coverage Types", "points" : [ { "title" : "-", "description" : null } ] }, { "categoryTitle" : "Standard Riders (issued with policy)", "points" : [ { "title" : "Accelerated Death Benefit Rider for Terminal Illness", "description" : "<p><b>Accelerated Death Benefit Rider for Terminal Illness</b></p>\r\n<p><i>(Form #R16LYTIR, varies by state of policy issue)</i></p>\r\n<p>This rider provides for an accelerated death benefit payment payable in the event of the insured’s qualifying terminal illness. This feature is provided at no additional cost, but there is an administrative fee when exercised. The accelerated death benefit is based on a portion of the policy’s death benefit, subject to a maximum benefit amount. The accelerated death benefit is treated as a lien, which accrues interest. Upon the death of the insured, the death benefit payable is reduced by the total accelerated death benefit lien.</p>\r\n" }, { "title" : "Enhanced Surrender Value Rider", "description" : "<p><b>Enhanced Surrender Value Rider</b></p>\r\n<p><i>(Form #R17LYESV, varies based on state of policy issue)</i></p>\r\n<p>In certain policy years, the policyowner may surrender the policy for a partial or full refund amount that varies based on issue age and face amount. The Return of Premium (ROP) feature is not available on face amounts under $50,000. Enhanced Surrender Value Rider is included at no additional charge in policies with death benefits of $50,000 or more with an elected no-lapse guarantee to at least age 100. For ages 70 and above, no-lapse guarantee duration must be at least 30 years.</p>\r\n" }, { "title" : "Lifetime No-Lapse Guarantee Rider", "description" : "<p><b>Lifetime No-Lapse Guarantee Rider</b></p>\r\n<p><i>(Form #R17LYFNL, varies based on state of policy issue)</i></p>\r\n<p>The Lifetime No-Lapse Guarantee Rider is included in the policy at no additional charge. The no-lapse guarantee, depending on how your client structures their policy, has a maximum duration of the insured’s lifetime, subject to certain limits. If the net no-lapse guarantee value is zero, the no-lapse feature terminates. If the no-lapse feature terminates, additional premiums would be required to resume the no-lapse guarantee. If policy performance is such that the policy is being maintained solely by the no-lapse guarantee, the policy will not build cash value.</p>\r\n" } ] }, { "categoryTitle" : "Optional Riders (must be elected at policy issue)", "points" : [ { "title" : "Children's Level Term Insurance Rider", "description" : "<p><b>Children's Level Term Insurance Rider</b></p>\r\n<p><i>(Form #R18LYCTUL, varies based on state of policy issue)</i></p>\r\n<p>Add term life insurance of up to $10,000 per child to the policy with this optional rider. At the child’s 25th birthday or the insured’s 65th birthday, the coverage can be converted for a universal life insurance policy on the child for up to 5x their coverage amount (maximum new face amount: $50,000) with no additional underwriting required. If the base policy’s insured dies, each covered child will receive a paid-up term life insurance policy in the amount of their children’s rider coverage (minimum: $1,000; maximum: $10,000). At the child’s 25th birthday, the same conversion privilege mentioned above also applies. This optional rider coverage may be added at any time for monthly charge based on the child’s coverage amount.</p>\r\n" }, { "title" : "Chronic Illness Care Rider", "description" : "<p><b>PL Promise Chronic Illness Care Rider</b></p>\r\n<p><i>(Form #R18LYCHR, varies based on state of policy issue)</i></p>\r\n<p>This optional rider may be added at policy issue for a monthly rider charge. It allows the policyowner to access a portion of the policy’s death benefit while still living if the eligible insured is certified as chronically ill by a licensed health care practitioner (unable to perform 2 of the 6 activities of daily living or requiring substantial supervision due to severe cognitive impairment). This rider is an accelerated death benefit rider for chronic illness. Eligible insureds are age 18 through 75, subject to additional underwriting requirements beyond the life insurance policy’s requirements and a one chronic illness rider per insured issue limit. Benefit payments reduce the policy’s death benefit and other values under the policy. If the entire death benefit is accelerated, the policy will terminate. Regardless of the monthly election chosen, benefit payments may not exceed 100% of the IRS per diem. Benefits paid by accelerating the policy’s death benefit are intended to qualify as death benefits under section 101(g) of the Internal Revenue Code and may be excludable from your income and may not be subject to federal taxation. However, federal, state, and/or local tax rules relating to the payment of accelerated death benefits are complex, will depend on your specific facts and circumstances, and benefits may or may not be taxable. In addition, these payments may affect eligibility for other benefits provided by federal, state, or local government including public assistance programs such as Medicaid. Consequently, advice and guidance should be obtained from a personal tax advisor for more information. Pacific Life cannot determine whether the benefits are taxable.</p>\r\n" }, { "title" : "Waiver of Monthly Deduction Rider ", "description" : "<p><b>Waiver of Monthly Deductions Rider</b></p>\r\n<p><i>(Form #R18WMD, varies based on state of policy issue)</i></p>\r\n<p>This optional rider helps keep the policy in force by waiving monthly deductions while the insured is disabled and unable to work prior to age 65. This optional rider is available for insured’s issue age 20-59 for a monthly rider charge based on policy coverage amounts at issue. The rider charge would also be waived during qualifying disability. Recertification of disability required periodically. Other restrictions apply (i.e. cannot have greater than table 4 rating, face amount must be less than $5 million), check contract for details.</p>\r\n" } ] } ] } ] } ] }