Pacific Life: Underwriting Updates - June 2023

06-12-2023

In keeping with Pacific Life’s ongoing efforts to make it easier for customers to do business with them, while maintaining their underwriting as a significant market differentiator, they are happy to announce the following enhancements.

Underwriting Enhancements, Effective Immediately:

• Elimination of EKG as a routine requirement (all ages and face amounts)
• Increased capacity for Professional Athletes (up to $20M; jumbo limit of $65M)
• Increased capacity for Entertainers and Celebrities ($46M for PL Promise Term and $20M for PL Promise GUL)

Elimination of EKG as a Routine Age/Face Amount Requirement― Pacific Life's mission is to be a company that is easy to do business with. Removal of the EKG as a routine age/face amount requirement allows Pacific Life underwriting to remain competitive, while significantly improving the customer experience.

Increase Overall Capacity for Professional Athletes ―Pacific Life's capacity to place coverage on professional athletes is now $20M for GUL, with a jumbo limit of $65M. Note that there is an overall coverage limit for any team, so please consult with your underwriter on these cases.

Increase Overall Capacity for Entertainers & Celebrities― Pacific Life's capacity to place coverage on entertainers & celebrities is now $46M for PL Promise Term and $20M for PL Promise GUL for most ages.

Please give our sales team a call at 800.792.6795 if you have any questions about these updates.