Pacific Life Launches Pacific Horizon Survivorship IUL 2 to Redefine Legacy Planning and Estate Liquidity

Quick Summary

Pacific Life has launched Pacific Horizon Survivorship IUL 2, a next-generation survivorship indexed universal life insurance product. Designed for high-net-worth estate planning, it provides liquidity for estate taxes upon the second death, offering enhanced adaptability, potential cash value growth, and a built-in no-lapse guarantee for long-term legacy protection.

How Does Pacific Horizon Survivorship IUL 2 Improve Estate Planning?

Pacific Horizon Survivorship IUL 2 addresses the critical need for estate liquidity by insuring two individuals under a single policy. This structure is often more cost-effective than separate policies, specifically designed to trigger a death benefit when estate taxes typically become due. By focusing on the second death, the product ensures that multigenerational wealth transfer remains intact and liquid during complex transitions.

• Three coverage types allow for precise alignment with specific client financial objectives.
• A no-lapse guarantee is automatically included at no extra cost, securing the policy for the survivor's lifetime.
• Advanced interest-crediting strategies provide potential for cash value growth, adding a layer of flexibility to the legacy plan.

What Are the Strategic Benefits of Survivorship Indexed Universal Life?

This survivorship indexed universal life solution is particularly effective for clients with significant health differences or age gaps, as it leverages the combined life expectancy of two individuals. Beyond simple death benefits, the product supports philanthropic goals and trust funding, making it a versatile tool for high-net-worth individuals navigating a shifting regulatory and tax environment. Pacific Life also provides financial professionals with advanced planning tools to model these complex scenarios accurately.

“Survivorship life insurance has always played a pivotal role in financial protection and estate liquidity, but consumers are now navigating longer lifespans and increasingly complex advanced-planning needs,” said John Dieck, senior vice president and chief product officer, Consumer Markets at Pacific Life. “With Pacific Horizon Survivorship IUL 2, we’re helping clients turn their values and vision into long-term strategies that help meet their needs.”

How Does This Product Support Long-Term Legacy Goals?

The survivorship indexed universal life framework is built for endurance. By integrating indexed interest potential, the policy can adapt to market conditions while maintaining its core protective function. This adaptability is essential for intentional legacy building, allowing families to reframe how they pass down assets. The inclusion of versatile planning applications ensures the policy remains relevant whether the goal is simple family protection or complex business succession.

“For high-net-worth clients and their financial professionals, planning decisions made today will impact outcomes for generations,” said Kevin Kennedy, senior vice president and chief sales and marketing officer, Consumer Markets at Pacific Life. “Pacific Horizon Survivorship IUL 2 empowers families and businesses to reframe their legacies - making them more intentional, adaptable, and enduring.”

FF NEWS TAKE:

Pacific Life is doubling down on the high-net-worth segment with this launch. While survivorship indexed universal life isn't a new concept, the inclusion of a no-lapse guarantee at no additional cost significantly moves the needle for risk-averse estate planners. As tax laws evolve, providing guaranteed liquidity combined with the upside potential of indexed crediting makes this a highly competitive tool for the modern wealth management toolkit.