Our Pacific Life insurance review reveals comprehensive product lines including different types of life insurance, including term, universal, indexed universal and variable universal life policies.
Pacific Life Insurance Review 2026
Our Pacific Life insurance review analyzes the company's products, pricing and policy features to help you determine if it matches your coverage needs.
Find out if you're overpaying for life insurance below.
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Updated: March 26, 2026
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At a Glance: Pacific Life Insurance Review
Pacific Life
MoneyGeek Rating
4.2/ 5
4.4/5Affordability
3.6/5Customer Experience
4.5/5Coverage Points
Average Monthly Cost
$38 (F); $54 (M)Average quotes for a $500,000 20-year term policy for a nonsmoker with average weight and health ratingsAges Supported
18-80 (Term); 0-79 (Universal)
Pacific Life Insurance Products
Term Life Insurance Options
Pacific Life's term life insurance delivers level premiums and conversion flexibility across two main products.
Pacific PL Promise Term
Offers level premiums for 10, 15, 20, 25 or 30-year term periods, starting at a minimum death benefit of $50,000. Applicants ages 18–80 can benefit from Pacific Life’s accelerated underwriting path, allowing up to $3 million in coverage without a medical exam for eligible cases.
Pacific Elite Term
Provides coverage for 10 to 30 years with death benefit amounts starting at $750,000. This product includes flexible conversion privileges and specialized underwriting designed for high-income earners, business protection and estate planning use.
Pacific Elite Term appeals to professionals and business owners who need substantial coverage amounts with the flexibility to convert to permanent insurance without additional medical underwriting.
Most Pacific Life term policies include conversion rights during the first 10 years or until age 65, whichever comes first, allowing you to change to permanent coverage without additional medical underwriting.
Average Cost of Pacific Life Term Life Insurance
Data filtered by:
20
40
Female
No
| $100,000 | $14 | $167 |
| $250,000 | $25 | $297 |
| $500,000 | $38 | $457 |
| $750,000 | $54 | $649 |
| $1,000,000 | $69 | $831 |
| $2,000,000 | $134 | $1,607 |
| $3,000,000 | $197 | $2,364 |
| $5,000,000 | $325 | $3,899 |
| $10,000,000 | $641 | $7,688 |
Rates shown reflect average quotes for applicants with average weight and health ratings. Your actual premiums may be higher or lower based on your age, health, lifestyle and coverage needs.
Universal Life Insurance Options
Pacific Life's universal life insurance products combine lifetime coverage with flexible premiums and cash value accumulation.
Pacific Venture UL 2
Offers flexible-premium universal life coverage with lifetime financial protection and cash value potential. Policyholders can adjust premiums and death benefits while adding optional riders for business or legacy planning needs. This product suits buyers wanting permanent coverage with premium flexibility.
PL Promise GUL
PL Promise GUL is a no-lapse guarantee universal life insurance policy offering lifetime death benefit protection with predictable, level premiums to age 90 (extendable up to age 121). It includes a return-of-premium feature at no additional cost and optional living benefit riders for chronic or terminal illness. Eligible applicants ages 18–70 can qualify for up to $2 million in coverage without a medical exam.
Indexed Universal Life
Pacific Life offers four indexed universal life insurance products that link cash value growth to stock market index performance while protecting against market losses.
Pacific Trident IUL
Targets accumulation-focused clients by linking cash value growth to multiple index options with downside protection through guaranteed minimum interest crediting. This product emphasizes cash value accumulation over death benefit protection.
Pacific Horizon IUL 2
Provides flexible premiums, multiple index-linked crediting strategies and a no-lapse guarantee option to ensure long-term coverage stability. Policyholders can balance growth potential with coverage protection based on their priorities.
Pacific Horizon ECV IUL
Adds an enhanced early-cash-value feature that improves liquidity in the policy's initial years. This product appeals to business owners and clients seeking early access to accumulated value for business purposes or personal liquidity needs.
Pacific Horizon Survivorship IUL
Operates as a last-survivor indexed universal life policy insuring two lives under one contract. Benefits are paid after the second insured person dies, making this product ideal for estate tax planning and legacy strategies for married couples.
Variable Universal Life
Pacific Life's variable universal life products allow policyholders to allocate cash value assets across variable investment subaccounts while maintaining death benefit protection.
Pacific Select VUL 2
Offers flexible premiums and a wide selection of professionally managed subaccounts for market participation. This product suits buyers who are comfortable with investment risk and want exposure to various asset classes through their life insurance policy.
Pacific Select Harbor VUL
Combines variable investment options with an optional no-lapse guarantee to protect the death benefit even during poor market performance. This product appeals to investors who want market participation with coverage protection.
Pacific Admiral VUL
Emphasizes cost efficiency and investment control with flexible death benefit options and access to a broad range of asset classes. This variable life policy focuses on growth potential while maintaining competitive internal costs.
Pacific Protector VUL
Focuses on lifetime protection with cash value growth potential, featuring an optional guaranteed rider that ensures the policy remains in force for life if premium requirements are met. This product balances financial protection with growth objectives.
Pacific Legacy Survivorship VUL
Provides market-linked growth potential for cash value while covering two insured individuals. This product supports tax-efficient wealth transfer and charitable giving objectives for high-net-worth couples.
Average Cost of Pacific Life Universal Life Insurance
Data filtered by:
40
Female
No
| $100,000 | $78 | $934 |
| $250,000 | $148 | $1,773 |
| $500,000 | $265 | $3,176 |
| $750,000 | $384 | $4,610 |
| $1,000,000 | $500 | $6,005 |
| $2,000,000 | $984 | $11,811 |
| $3,000,000 | $1,462 | $17,544 |
| $5,000,000 | $2,424 | $29,084 |
| $10,000,000 | $4,812 | $57,745 |
Rates shown reflect average quotes for applicants with average weight and health ratings. Your actual premiums may be higher or lower based on your age, health, lifestyle and coverage needs.
Pacific Life Insurance Riders
Pacific Life provides multiple riders to customize coverage for specific protection needs:
Rider | Description |
|---|---|
Accelerated Death Benefit | Provides access to death benefits during terminal illness at no additional cost |
Premier Living Benefits | Allows benefit access during chronic illness requiring long-term care |
Waiver of Premium | Continues coverage without premium payments if policyholder becomes disabled |
Child Term Rider | Provides $10,000 to $25,000 coverage for children until age 25 |
Accidental Death Benefit | Pays additional benefit if death results from covered accident |
Guaranteed Insurability Option | Allows additional coverage purchases without medical exams at specified future dates or life events |
Rider availability varies by policy type and state regulations. Most riders require additional premiums beyond the base policy cost.
How to Apply for Pacific Life Insurance Coverage
If you think Pacific Life is the right company for you, proceed with the application process. We simplified the steps to help you get started.
- 2Schedule a Coverage Consultation
Discuss with your agent your financial protection needs, budget constraints and product preferences.
- 3Gather Required Documentation
Prepare the documentation you need based on what you've discussed with your agent.
- 4Complete the Formal Application
Submit your application with personal, financial and health information.
- 5Undergo Underwriting Review
Underwriting may include a brief health questionnaire, lab work or a physician's records review.
- 6Receive Policy Documents and Begin Coverage
Once approved, review your policy documents carefully.
Pacific Life Insurance Claims Process
Pacific Life processes death benefit claims through its dedicated claims service center. This is the process:
- Report the Death: Call Pacific Life at (800) 347-7787 (Monday through Friday, 6 a.m. to 5 p.m. Pacific Time) to notify them and start your claim.
- Gather Required Documents: Request a certified death certificate from your local vital records office and locate the policy or policy number.
- Choose Payout Option: Life insurance beneficiaries can receive death benefits as a direct deposit, mailed check or through structured settlement arrangements when larger amounts require careful tax considerations.
- Complete Claim Forms: Download forms from Pacific Life's website or call to have them mailed to you. You'll fill out beneficiary verification and provide photo identification.
- Submit Documentation: Mail everything to Pacific Life's claims processing center or upload documents through their electronic system.
Pacific Life Insurance vs. Other Insurers
When you're comparing life insurance companies, it's smart to look at financial strength and product variety. With its strong financial ratings and wide range of products, Pacific Life is a solid option and is worth checking out.
But Pacific Life doesn't offer whole life insurance, a meaningful gap if you want guaranteed cash value growth, fixed premiums for life, and a policy that never lapses as long as those premiums are paid. If you need whole life coverage, compare options from carriers that specialize in it, like USAA, Gerber Life and Protective. Several insurers also offer participating whole life policies with dividend histories and strong financial ratings. See MoneyGeek's analysis of the best whole life insurance companies to find options that might work better for you.
Is Pacific Life Insurance Right for You?
The best life insurance company depends on your situation and financial needs. Our Pacific Life insurance review shows the company excels for:
- Young Adults: Pacific Life's term life insurance is good if youre under 40. Coverage starts at $50,000 with conversion privileges.
- High-Income Professionals: Indexed universal life and variable universal life policies support estate planning.
- Health-Conscious Buyers: The company's no-exam term life options expedite coverage.
- Long-Term Planners: Living benefit riders allow early access to death benefits during chronic or terminal illness.
- Seniors: Older adults looking for temporary protection may find Pacific Life as one of the best options.
Pacific Life Insurance Reviews: FAQ
MoneyGeek answered some frequently asked questions to help you determine whether Pacific Life is the right company for your coverage needs.
How safe is Pacific Life insurance company?
Pacific Life is considered financially stable. It has an A rating from A.M. Best and is one of the top insurers based on MoneyGeek’s analysis.
What is the rating for Pacific Life insurance?
Our Pacific Life insurance company review confirms strong financial ratings. It maintains an A+ rating from AM Best, indicating excellent financial strength. The company's NAIC Complaint Index of 0.05 is below the industry average of 1.0, reflecting strong customer satisfaction.
What's the minimum coverage amount for Pacific Life policies?
PL Promise Term coverage starts at $50,000, while Pacific Elite Term begins at around $750,000. Universal life policies require minimum death benefits of $25,000, depending on the specific product.
MoneyGeek evaluated Pacific Life using a baseline profile of a 40-year-old male nonsmoker in average health seeking $500,000 in coverage on a 20-year term policy. Rate data was based on 2026 collected quotes. The MoneyGeek Score weights Affordability at 50%, Customer Experience at 30%, and Coverage at 20%. Customer experience inputs include J.D. Power life insurance satisfaction scores, AM Best financial strength ratings, NAIC complaint index data and other customer ratings.
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About Mark Fitzpatrick
Mark Fitzpatrick, a Licensed Property and Casualty Insurance Producer, is MoneyGeek's resident Personal Finance Expert. He has analyzed the insurance market for over five years, conducting original research for insurance shoppers. His insights have been featured in CNBC, NBC News and Mashable.
Fitzpatrick holds a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He's also a five-time Jeopardy champion!
He writes about economics and insurance, breaking down complex topics so people know what they're buying.
sources
- Pacific Life. "Contact Us." Accessed March 26, 2026.
- Pacific Life. "Life Insurance Products." Accessed March 26, 2026.
- Pacific Life. "PL Promise Term." Accessed March 26, 2026.
- Pacific Life. "PL Promise GUL." Accessed March 26, 2026.