ALISO VIEJO, Calif.--(BUSINESS WIRE)--Pacific Life Insurance Company was recently named the #1 seller of Indexed Universal Life Insurance (IUL)1 for the 19 year period from 1998 -2017 by Wink's Sales & Market Report. The company entered the IUL marketplace in 2005 and by year-end 2017 had sold $1.6 billion of aggregate target premiums.
"I attribute our success in IUL sales to our innovative approach to product development that gives policyholders flexibility to protect their families and plan for their retirements," said John O’Donnell, vice president of product and marketing for the Life Insurance Division of Pacific Life Insurance Company.
IUL policies provide death benefits that can help protect families and businesses from unexpected losses. With an IUL policy, you can benefit from the upside potential of positive index performance without directly participating in the equities markets. Policyholders with Pacific Life Insurance Company IUL policies can choose from up to seven indexed accounts that credit interest, based in part, on the performance of domestic and international indexes.2
Financial professionals can learn more about the company's top-selling IUL products by contacting their Pacific Life representative or by calling (866) 722-9555.
About Pacific Life
Celebrating its 150th anniversary in 2018, 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. To explore the heritage of Pacific Life and learn more about our history, visit www.pl150years.com. Client count as of June 2017 is compiled by Pacific Life using the 2017 FORTUNE 500® list.
- Indexed universal life insurance does not directly participate in any stock or equity investments
- Availability varies by product.
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'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.