123 Pacific Life Insurance Co. has unveiled its latest flagship indexed universal life (IUL) insurance offering, targeting affluent clients seeking competitively priced life insurance protection with significant flexibility in their retirement and estate plans. The Pacific Horizon IUL 2, introduced earlier this month, boasts a tax-free death benefit and tax-free distributions designed to enhance retirement income. Dawn Behnke, Executive Vice President of Consumer Markets Business at Pacific Life, described Pacific Horizon IUL 2 as an evolutionary product, incorporating successful features from the company’s previous IUL offerings. Behnke emphasized the product’s versatility, catering to clients’ legacy, income, and business planning needs within a single product. The new IUL provides three coverage design options, allowing clients to prioritize higher early year cash surrender values, greater long-term accumulation potential, or a balance between the two. Furthermore, the product offers three rider designs, including the new Plus design featuring a level rider charge rate. These rider options aim to potentially enhance policy performance in exchange for a monthly rider charge. Additionally, five indexed accounts with various credit strategies, including one-year, multi-year, and volatility control indexed accounts, as well as a fixed account, provide clients with flexibility and choice in investment options. You Might Be Interested In GE Aerospace Takes Flight as Independent Public Company Green Dot Receives Proposed Consent Order from the US Federal Reserve Goldman Sachs Hires from Rivals to Expand in Mid-Market Deals Nationwide Plans £3bn Bid for Virgin Money Honda Motor Europe Extends IT Partnership with Kyndryl for Enhanced Agility and Efficiency UK Regtech Firm GSS Secures £37 Million in Series A2 Funding
