Face Amount Limit for PL Promise GUL Increase to $5 Million
Increase to Face Amount Limit to $5 Million for PL Promise GUL
Effective January 11, 2021
Pacific Life is increasing the PL Promise GUL1 face amount limit from $3.5 million to $5 million effective January 11, 2021. PL Promise GUL is a universal life insurance product with no-lapse guarantees designed to provide affordable death benefit protection.
Winflex Web and IXN will be updated with the new face amount limit on January 11, 2021 and with all other quoting vendors to follow. Due to COVID-19, Pacific Life is currently accepting risk classes up to Table 4 for issue ages 70 years old and younger and Standard or better for issue ages 71 through 80.