Up to $3 Million of Life Insurance with No Medical Exams
August 23, 2017 by Pacific Life
August 22, 2017 10:00 AM Eastern Daylight Time
NEWPORT BEACH, Calif.–(BUSINESS WIRE)–A simple form and a brief client phone interview can get you up to $3 million of cash value life insurance from Pacific Life. The simplicity and speed of Pacific Life’s Executive Class Underwriting make it a hit with financial professionals1 and their clients. Since introduced, the program has generated $6.4 million in sales in just two years.
Designed for highly compensated professionals earning more than $200,000 per year, Executive Class Underwriting helps high income earners protect their families and potentially supplement their income during retirement. The program does not require any fluids, needles, or medical exams. The average turnaround time for a policy to be issued is two to three weeks.2
“Executive Class Underwriting simplifies applying for cash value life insurance,” said David Rosuck, vice president of marketing for the Life Insurance Division of Pacific Life. “This can be a great way for high earning professionals to plan for the future and a good way for financial professionals to build their businesses.”
Eligibility is based on health, age, gender, occupational risk, and other factors. For more information, visit www.ExecutiveUnderwriting.com.
Watch this video for more information on how a cash value life insurance policy can help you manage risk and potentially supplement your retirement income.
The Power to Help You Succeed
Offering insurance since 1868, Pacific Life provides a wide range of life insurance products, annuities, and mutual funds, and offers a variety of investment products and services to individuals, businesses, and pension plans. Pacific Life counts more than half of the 100 largest U.S. companies as its clients. For additional company information, including current financial strength ratings, visit www.PacificLife.com.
Pacific Life refers to Pacific Life Insurance Company and its affiliates, including Pacific Life & Annuity Company. Client count as of June 2017 is compiled by Pacific Life using the 2017 FORTUNE 500® list.
In order to sell life insurance, a financial professional must be properly licensed and appointed life insurance producer.
Available only on certain life insurance products and underwriting classes. Policy must be a life insurance with accumulation design (minimum non-modified endowment contract death benefit (level or increasing) with premiums illustrated at least 90% of Guideline Level Premium or 7-Pay Premiums). Attending Physician Statement (APS) required for certain applicants. Additional requirements may be requested depending on answers to medical and non medical questions in the application. Minimum face amount of $100,000 is required for Preferred Nonsmoker and Preferred Smoker. Only one Simplified Underwriting program offer per insured.
Pacific Life is a product provider. It is not a fiduciary and therefore does not give advice or make recommendations regarding insurance or investment products.
Pacific Life 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. Each insurance company is solely responsible for the financial obligations accruing under the products it issues. Insurance products and their guarantees, including optional benefits and any crediting rates, are backed by the financial strength and claims-paying ability of the issuing insurance company. Look to the strength of the life insurance company with regard to such guarantees as these guarantees are not backed by the broker-dealer, insurance agency, or their affiliates from which products are purchased. Neither these entities nor their representatives make any representation or assurance regarding the claims-paying ability of the life insurance company.
Pacific Life Insurance Company’s individual life insurance products are marketed exclusively through independent third-party life insurance producers, which may include bank affiliated entities. Some selling entities may limit availability of some optional riders based on their client’s age and other factors.
17-128 PR-45785-00
Contacts
Pacific Life Insurance Company
Jesse Page, (949) 219-4575
jesse.page@pacificlife.com
