Term Life Insurance
Pacific Life Review
Pacific Life has a faster than average application turnaround time, but also forces everyone to go through an extra phone interview with an underwriter. Once you have a policy, you can’t update any of your information online. However, Pacific Life makes up for both of these downsides by including a unique “Living Needs Benefit” that provides coverage for chronic illness and terminal illness.
Basics & Ratings
JD PowerJ.D. Power and Associates is a global marketing information services firm that conducts surveys of customer satisfaction, product quality, and buyer behavior.
PolicyholdersThis is how many active US life insurance customers this company insures
A.M. BestA.M. Best is an independent rating agency that evaluates the financial strength of insurance companies. Ratings as of May 2016, on a scale from A++ to D
BBB RatingBetter Business Bureau (BBB) is a non-profit that collects consumer feedback on businesses around the country.
Is Pacific Life a good match for your health?
Each insurer approaches health conditions differently. One insurer might ignore a heart attack from a few years ago, whereas a different insurer might rate you as a higher risk for the same thing. Here are the details of how Pacific Life treats a variety of common health conditions from an underwriting perspective.
|Recent Weight Loss||Good|
|Former Tobacco Use||Fair|
|High Blood Pressure||Fair|
- Excellent - Above average; company provides excellent coverage for clients with this condition.
- Good - Spot on; company doesn’t look at this condition unfavorably in underwriting.
- Fair - Could use some work; clients with this condition may be issued a lower health rating, and subsequently higher rates than other insurers.
$500,000, 20-year term life insurance policy for healthy, nonsmoking individuals, in California, monthly premiums
|Company||Plan||age 30||age 40||age 50||age 30||age 40||age 50|
|Mutual of Omaha||Term Life Answers||$21.66||$33.47||$85.53||$23.41||$28.66||$64.09|
|Pacific Life||Pacific PROMISE Term||$20.84||$29.59||$77.09||$19.18||$26.68||$61.67|
|Protective||Custom Choice UL||$20.37||$28.91||$76.82||$17.93||$25.25||$55.75|
|Prudential||Return of Premium Term||$101.00||$143.62||$291.99||$88.12||$130.04||$253.37|
|SBLI||Level Premium Term||$21.32||$40.05||$96.06||$24.48||$34.71||$65.87|
Minimum amount available
10, 15, 20, 25, 30
Discount for paying annually versus monthly
Payment methods available
Check; Auto bank draft; Credit cards for first payment only (CC not availble in all states)
Is coverage available without a medical exam?
Is temporary coverage during underwriting available?
Yes, up to $1,000,000.
- Waiver of premium: premiums are waived if you become totally disabled (after a 180 day waiting period). Rider is for the life of the policy. This will terminate at the insured's attained age 65 or upon termination of this rider, if sooner.
- Accelerated death benefit (included at no extra cost): ability to accelerate a portion of the policy's death benefit if you become terminally ill.
- Dependent children's rider: covers all current & future dependent children (ages 15 days - 18 years old) in one rider. Available coverage of $1,000 - $10,000.
What is the rule for accelerating the death benefit?
The accelerated death benefit rider (included at no extra cost) allows you to receive a portion of the death benefit if you're diagnosed with a terminal illness.
What is the rule for converting the policy?
The policy is convertible until the earlier of the end of the term or to age 70.
This policy, like all term life policies offered on our site, provides life coverage for a specific period of time (the term). The key features of this policy are standard across all the term policies we offer:
The review on this page is only for this company's term life insurance products. Pacific Life (Newport Beach, CA) refers to Pacific Life Insurance Company and its affiliates, including Pacific Life & Annuity Company. Insurance products are issued by Pacific Life Insurance Company in all states except New York and in New York by Pacific Life & Annuity Company. Product availability and features may vary by state. PolicyGenius is not an affiliated company of Pacific Life.
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