by John Darer CLU ChFC MSSC CeFT RSP CLTC
In March 2026 Pacific Life announced the launch of Payout Plus, a unique structured settlements annuity benefit option that redefines what’s possible in settlement planning. Payout Plus offers stability with significantly more room to grow.
Payout Plus Offers an Indexed-Based Structured Settlement design
with meaningful opportunities for structured settlement payees to receive more than the guaranteed baseline payment.
“Structured settlements are built on the promise of long-term financial security,” said Geoffrey Kissel, vice president of structured settlements at Pacific Life. “With Payout Plus, we’re taking that promise a step further by adding a benefit option that offers structured settlement consultants and their clients a new way to handle life’s financial curveballs while maintaining the reliability of guaranteed income.”
Payout Plus is available with Pacific Life’s structured settlements annuity contracts and is designed for individuals receiving settlements from personal injury or workers’ compensation cases. It also can be used to structure attorney fees for these types of settlements. In addition, Payout Plus offers the opportunity for claimants to achieve greater financial flexibility over time.
What are the Key Benefits of Payout Plus from Pacific Life?
- The potential for increases in payments.
- A guaranteed minimum payment, with amounts that may fluctuate—but never fall below that minimum.
- Flexible options to help meet a wide range of claimant needs.
“For claimants seeking more than just fixed payments, Payout Plus opens the door to a new kind of structured settlements strategy,” said Kevin Kennedy, senior vice president and chief sales and marketing officer, consumer markets at Pacific Life. “Payout Plus reflects our commitment to helping people stay financially resilient throughout their lives. We’re excited to forge a path that empowers both claimants and their consultants to rethink what’s possible.”
Please Note that at the time of publication Payout Plus is not yet available for cases with a nexus to New York
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