Pacific Life offers life insurance products for the corporate or business market. Our life insurance products may be used to fulfill needs for a business such as:
- Key Person Coverage - death benefit to provide money to fulfill business obligations or the costs of replacing a key executive in the event of that executive's death.
- Buy-Sell Agreement Funding - cash value and death benefit to provide money to purchase ownership of a business in the event of a business owner's departure or premature death.
- Executive Benefit Funding - corporations may choose to informally fund non-qualified executive benefit plans with corporate-owned life insurance.
Pacific Life offers a choice of traditional life insurance products and variable life insurance products for businesses.