Is Pacific Life legit?

The scoring formula takes into account complaint data from the National Association of Insurance Commissioners and financial strength ratings. Based on these ratings, Pacific Life is among NerdWallet’s Best Life Insurance Companies for 2021.

What does Dave Ramsey say about IUL?

How to Choose the Right Life Insurance Policy. Remember what Dave says about life insurance: “Its only job is to replace your income when you die.” If you get a term life insurance policy 15–20 years in length and make sure the coverage is 10–12 times your income, you’ll be set.

What are the cons of an IUL?

Indexed universal life (IUL) insurance policies provide greater upside potential, flexibility, and tax-free gains. This type of life insurance offers permanent coverage as long as premiums are paid. Some of the drawbacks include caps on returns and no guarantees as to the premium amounts or market returns.

What kind of rating does Pacific Life have?

High confidence ratings. Pacific Life, founded in 1868, is one of the leading insurance companies in America, with over 2.9 million customers. They have high scores from three major credit rating agencies, which means they’re a trustworthy, financially stable company that’s likely to be around when you need them.

Are there indexed universal life insurance products available?

Flexible last-survivor indexed universal life insurance protection with long-term growth potential, useful for flexible death benefit protection on two lives. There are no products currently available in your state. A financial professional must be a properly licensed and appointed life insurance producer to sell life insurance products.

Is there a website for Pacific Life Insurance?

Pacific Life’s website is dense with industry jargon and free of useful tools for customers like online quote tools and calculators that could help them figure out what kind of coverage they need. Thankfully, you’ve got Policygenius here to help you out with individualized quotes and answers to your questions.

Is the Pacific Life Insurance Company a fiduciary?

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. Life insurance is subject to underwriting and approval of the application and will incur monthly policy charges.