by John Darer CLU ChFC MSSC CeFT RSP CLTC 
Pacific Life and Annuity, a structured annuity issuer, increased its rated age expiration date from 6 months to one year effective August 30, 2011.
The action is yet another improvement to the Pacific Life structured settlement program in response to market demand.
Pacific Life and Annuity recently loosened its lock-in fee policy by extending the time period that it will allow lock-ins for future purchase without charging a fee.
The rated age extension brings Pacific Life and Annuity structured settlement quotes in line with a number of other New York admitted structured annuity issuers and recognizes the fact that cases develop over a period of time that often exceeds 6 months. This is a call to other structured annuity companies that still use 6 month terms to follow suit.
Rated Ages and Structured Settlement Cost | How It Works 2024 (4structures.com)
Fast Facts About Pacific Life Structured Settlements
- Pacific Life Insurance Company is the underwriting company for structured settlement annuities in all states except New York.
- Pacific Life & Annuity Company is the underwriting company for structured settlement annuities for settlements with any connection to New York.
- Pacific Lifecorp issues a guarantee of the obligations of the periodic payment obligation assumed by Pacific Life & Annuity Services, Inc., pursuant to IRC 130(c), the qualified assignment company for structured settlements funded with either Pacific Life underwriting company.
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Pacific Life has been named one of the most ethical companies in the world by the Ethisphere for 2024. Prudential and Pacific Life Again Named Among Most Ethical Companies in the World – Structured Settlements 4Real® Blog: Structured Settlements | Settlement Planning News and John Darer Reviews (typepad.com)
Last updated April 14, 2024
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