Pacific Life, an A+ rated company founded in 1868, has two qualities that make it a unique pick among the top rated life insurance companies. First, their policy includes a “Living Needs Benefit” that provides some coverage for chronic illness and terminal illness. Second, if you can’t pay your premiums because a disability stops you from working, they do not deduct those premiums out of your death benefit.
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.
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.
Find head-to-head comparisons of Pacific Life and other top-rated life insurance companies to help you make the right decision.
After you're a policyholder
Quote for: $500,000, 20-year term life insurance policy for healthy, nonsmoking individuals, in California, monthly premiums
|Company||Plan||Male - Age 30||Male - Age 40||Male - Age 50||Female - Age 30||Female - Age 40||Female - 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|
|Protective||Classic Choice Term||$20.21||$28.38||$75.68||$17.63||$25.94||$55.47|
|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|
Annual Payment Discount
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?
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.
Is temporary coverage available?
Yes, up to $1,000,000.
Riders are additions to your overall life insurance policy that turn a basic life insurance policy into something that covers more circumstances.
Child Protection Rider
Provides life insurance coverage for all eligible children.
Disability Income Rider
If you become totally disabled as a result of a qualifying event, you will not have to pay premiums for a fixed period of time.
Accelerated Death Benefit Rider
Allows you to receive a portion of the death benefit if you are diagnosed with a qualifying terminal illness.
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.