Overview
| AM Best Rating | A+ (Superior) |
| Founded | 1868 |
| HQ | Omaha, Nebraska |
| Best For | Universal life, IUL, and slightly imperfect health |
| Term Rate (35M, $500K, 20yr) | ~$31/mo |
Pros & Cons
- ✅ Industry-leading Indexed Universal Life (IUL) products
- ✅ A+ AM Best — exceptional financial strength for 155+ years
- ✅ More lenient underwriting for some health conditions
- ✅ No-exam up to $3M for qualified applicants
- ✅ Available in all 50 states
- ❌ Term rates slightly higher than Protective or Transamerica
- ❌ IUL products are complex — require expert guidance
- ❌ Not the best choice if you want the absolute lowest term rate
2026 Pacific Life Rate Samples
| Age / Gender | $500K, 20yr | $1M, 20yr | $500K, 30yr |
|---|---|---|---|
| 30, Male | $25/mo | $44/mo | $35/mo |
| 35, Male | $31/mo | $54/mo | $47/mo |
| 35, Female | $26/mo | $45/mo | $40/mo |
| 40, Male | $44/mo | $80/mo | $70/mo |
| 45, Male | $68/mo | $126/mo | $110/mo |
Pacific Life IUL — Why It Stands Out
Pacific Life's Indexed Universal Life products are consistently ranked among the top IULs in the industry. Key advantages:
- Multiple index options (S&P 500, global indices, fixed account)
- Competitive caps and floors — your cash value participates in market growth with downside protection
- Living benefits included — accelerated death benefit for chronic illness
- Flexible premium structure
IUL caution: Indexed Universal Life is a complex product. Illustrated returns are not guaranteed. Work with a licensed broker who specializes in IUL to understand the actual policy mechanics before purchasing.
Our Verdict
Top choice for universal life, IUL, and health-condition applicants. Pacific Life's term rates are competitive but not the lowest — if you want the cheapest term life, Protective or Transamerica usually wins. But for universal life products or if you have a health history that other carriers are strict about, Pacific Life is often the best option.