ALISO VIEJO, Calif.--(BUSINESS WIRE)--Pacific Life Insurance Company today announced it was the top-ranked indexed universal life insurance performer for the third quarter, led by its top-selling indexed universal life (IUL)1 product, Pacific Discovery Xelerator.
According to Wink's Sales & Market Report for the third quarter 2017, Pacific Life came out on top of 102 indexed and fixed universal life and whole life insurance providers. The company’s IUL sales increased 42 percent from the same period a year ago.
"The success of the Pacific Discovery Xelerator IUL points to our long history of providing policyholders with flexible, premium options for their retirement and family needs," said David Rosuck, vice president of 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. Policyowners 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
Offering insurance since 1868, Pacific
Life provides a wide range of 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 clients3.
For additional company information, including current financial strength
ratings, visit www.PacificLife.com.
- Indexed universal life insurance does not directly participate in any stock or equity investments.
- Availability varies by product.
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Client count as of June 2017 is compiled by Pacific Life using the
2017 FORTUNE 500® list.
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.
