Pacific Life's Pacific Estate Preserver with Flexible No Lapse Guarantee Can Help Protect and Transfer Wealth.Business Editors NEWPORT BEACH Newport Beach, residential and resort city (1990 pop. 66,643), Orange co., S Calif., on Newport Bay and the Pacific Ocean; inc. 1906. It is a popular seaside resort and yachting center. Manufactures include electrical and medical equipment, computers, boats, and adhesives. , Calif.--(BUSINESS WIRE)--May 22, 2003 With today's uncertainty about the economic outlook and the future of estate taxes, affluent clients are more concerned than ever about how to best protect and transfer their assets. Pacific Estate Preserver, a universal, survivor life insurance product from Pacific Life Insurance Co., offers tools that can help clients achieve these financial goals. Designed to provide cost-effective permanent life insurance to help pay estate taxes or transfer wealth, Pacific Estate Preserver offers flexible no lapse (language) LAPSE - A single assignment language for the Manchester dataflow machine. ["A Single Assignment Language for Data Flow Computing", J.R.W. Glauert, M.Sc Diss, Victoria U Manchester, 1978]. guarantee protection, a fixed crediting rate and an estate tax rider that guarantees the premium refunds if the estate tax is repealed. The Flexible Duration No Lapse Guarantee Rider (R03FNL FNL Final FNL Front National de Liberation (National Liberation Force; Burundi) FNL Fort Collins/Loveland, CO, USA - Fort Collins / Loveland Airport (Airport Code) FNL Fibronectin-Like )(a) guarantees that the death benefit coverage will continue for the duration the policyowner chooses as long as the No Lapse Guarantee Value (less any policy debt) is greater than zero. That means clients can tailor the no lapse guarantee premiums to meet their specific needs choosing from lifetime guarantees or a specific time period or age. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Alyce Peterson, vice president of marketing services for the Life Insurance Division, the combination of flexibility and guarantees are important features in changing times. With the Flexible Duration No Lapse Guarantee rider on Pacific Estate Perserver policyowners can: -- "Pre-pay" no lapse guarantee premiums in a lump sum Lump sum A large one-time payment of money. or series of payments. -- Use the "catch-up" provision to make up for missed premiums. The Flexible Duration No Lapse Guarantee Rider extends not only the base policy but also any Individual Annual Renewable Term Insurance Annual renewable term insurance See: Term insurance. Rider and any Last Survivor Added Protection Benefit Rider coverage. Peterson pointed out that although there are no policy charges for this rider, there is a 0.50% reduction in the current credited interest rate on the policy. "In today's economic uncertainty, clients appreciate the added peace of mind offered by a guaranteed no lapse provision. This combined with the assurance of the Estate Tax Premium Refund TO REFUND. To pay back by the party who has received it, to the party who has paid it, money which ought not to have been paid. 2. On a deficiency of assets, executors and administrators cum testamento annexo, are entitled to have refunded to them legacies Rider and the products many other features make Pacific Estate Preserver uniquely advantageous to affluent clients," continued Peterson. The Estate Tax Premium Refund Rider allows clients to receive a return of all prior premiums paid(b) before the 10th policy anniversary if there is no estate tax(c) on or after the 10th policy anniversary. In the event there is no estate tax, your clients may elect to return the policy and receive a complete refund of all premiums paid up to the 10th policy anniversary. Other Pacific Estate Preserver features include: PL's 100+: Extends the maturity date of the policy beyond age 100. When combined with the Flexible Duration No Lapse Guarantee Rider, the no lapse guarantee benefits may also be extended beyond age 100. Five-year surrender charge Surrender Charge A fee levied on a life insurance policyholder upon cancellation of his or her life insurance policy. The fee is used to cover the costs of keeping the insurance policy on the insurance provider's books. Accelerated Living Benefit Rider(d): Allows the policyowner access to the eligible death benefit if the insured is diagnosed with a terminal illness. About Pacific Life Founded in 1868, Pacific Life provides life and health insurance products, individual annuities, mutual funds, group employee benefits, and offers to individuals, businesses, and pension plans a variety of investment products and services. Over the past six years, the Years, The the seven decades of Eleanor Pargiter’s life. [Br. Lit.: Benét, 1109] See : Time company has grown from the 20th to the 15th largest life insurance company in the nation.(e) The Pacific Life family of companies has business relationships with 68 of the 100 largest U.S. companies.(f) Pacific Life is a member of IMSA IMSA Illinois Mathematics and Science Academy IMSA International Motor Sports Association IMSA Insurance Marketplace Standards Association IMSA International Municipal Signal Association IMSA Illinois Mini Storage Association IMSA Institute of Marine Safety Auditors (Insurance Marketplace Standards Association), whose membership promotes ethical market conduct for individual life insurance and annuities. For additional information about Pacific Life and its ratings, visit the corporate Web site at www.PacificLife.com. (a) All riders subject to state availability. (b) All prior premiums paid less the sum of any loans and any withdrawals taken in the first 10 policy years. (c) "No Estate Tax" means that the federal estate tax has been abolished for all deaths occurring on or after the 10th policy anniversary. (d) Benefits are subject to state requirements, may be subject to taxation, and may impact Medicaid benefits. Consult your legal advisor for more information. (e) The Townsend & Schupp Co., based on assets, as of Dec. 31, 2002. (f) Data compiled by Pacific Life using the 2002 FORTUNE 500(R) list. Note to Editors: Pacific Life Insurance Co. is licensed to solicit individual life insurance and annuity annuity: see insurance. annuity Payment made at a fixed interval. A common example is the payment received by retirees from their pension plan. There are two main classes of annuities: annuities certain and contingent annuities. products in all states except New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of . Product availability and features may vary by state. |
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