Pacific Life to Change Long-Term Care Product Strategy
April 26, 2022 by Allison Bell
Pacific Life says it will focus on selling long-term care benefits riders on cash-value life insurance policies, rather than life insurance policies with built-in LTC benefits.
The Newport Beach, California-based insurer is discontinuing the sale of Pacific PremierCare Choice whole life policies with LTC benefits.
The company is also ending the sale of Pacific PremierCare Advantage Universal Life Insurance With Long-Term Care Benefits policies.
The company said it will continue to service any policies with LTC benefits that are already in force.