Most people don't normally think of their possessions as an "estate," nor do they worry much about what will happen to it all when they're gone. Most people just assume that their possessions will simply pass on to their families. However, at your death the federal government imposes an estate tax on all property in excess of $1,500,000* passing from your estate to your heirs - as much as 48%** of your hard-earned assets. In addition, estate taxes are due in cash within nine months of death.

Products That Help
Pacific Life Insurance Company's second-to-die universal life insurance products have become an increasingly popular way to preserve your wealth for your heirs. Accountants, attorneys, and financial planners are recommending this type of product as an integral part of the estate planning needs of their clients. Unlike traditional life insurance, which provides protection on the life of a single insured, survivorship insurance covers two lives with the proceeds payable at the second death. As such, it is well suited to deal with the estate tax burden.

Pacific Life Holds the Keys
The key features of Pacific Life's second-to-die universal life insurance products include:

• Federal income tax-free death benefit*** to the heirs
• Economical, flexible premiums
• Flexible death benefit
• Tax-deferred accumulation
• Choice of universal life or variable universal life insurance products

Qualified, Quality Service
Let a qualified life insurance professional show you how a Pacific Life life insurance product can work to help you reach financial security.

* In 2004, the Estate Tax Exemption is $1,500,000 and will gradually increase to $3,500,000 in 2009.  In 2010, federal estate taxes will be temporarily repealed.  In 2011, the Estate Tax Exemption amount will return to $1,000,000, unless Congress enacts new legislation.

** In 2004 and 2005, the top federal estate tax rate is 48% and will gradually decrease to 45% in 2009.  In 2010, federal estate taxes will be temporarily repealed. In 2011, the top federal estate tax rate will return to 55%, unless Congress enacts new legislation.

*** For federal income tax purposes, life insurance death benefits generally pay income tax-free to beneficiaries pursuant to IRC Sec. 101(a)(1). In certain situations, however, life insurance death benefits may be partially or wholly taxable. Situations include, but are not limited to: the transfer of a life insurance policy for valuable consideration unless the transfer qualifies for an exception under IRC Sec. 101(a)(2) (i.e. the “transfer- for- value rule”); arrangements that lack an insurable interest based on state law; and an “employer-owned” policy unless the policy qualifies for an exception under IRC Sec. 101(j).

For more information on this subject, and professional guidance in selecting the right kind and amount of insurance coverage, contact your nearest Pacific Life representative.

Product availability and features may vary by state.

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