Pacific Life and State Farm have recently announced a strategic alliance that aims to provide customers with a variable universal life insurance product backed by Pacific Life, one of the nation’s largest insurance companies. This partnership allows authorized State Farm agents to offer customers a powerful new choice for protecting their loved ones from unexpected financial burden.
Both Pacific Life and State Farm are Fortune 500 companies with strong financial ratings and a long history of fulfilling their promises. This alliance is a perfect fit as both companies prioritize preparing customers for the future and ensuring their financial security from life’s risks. Dawn Behnke, Executive Vice President of Consumer Markets at Pacific Life, states, “Pacific Life and State Farm both prioritize preparing customers for the future and can help ensure they’re financially safeguarded from many of life’s financial risks.”
Empowering Customers and Agents Alike
State Farm, which has been helping people protect what matters most since 1929, is excited about the opportunity to assist more people through this alliance with Pacific Life. Adding a variable life insurance product to their already robust portfolio allows State Farm agents to engage in needs-based conversations with customers across the country.
About Pacific Life
Pacific Life provides a wide range of products and services designed to help individuals and businesses achieve financial security. Whether you want to protect your loved ones or grow your assets for retirement, Pacific Life offers innovative life insurance and annuity solutions as well as mutual funds that provide long-term value. With over 150 years of experience, Pacific Life is a Fortune 500 company headquartered in Newport Beach, California.
About State Farm
For over a century, State Farm has been dedicated to helping people manage risks, recover from the unexpected, and achieve their dreams. As the largest provider of auto and home insurance in the United States, State Farm and its affiliates serve millions of policies and accounts. Their comprehensive range of services includes auto, fire, life, health, commercial policies, and financial services accounts. State Farm is ranked No. 44 on the 2023 Fortune 500 list of largest companies.
FAQs
1. What is a variable universal life insurance product?
A variable universal life insurance product provides policyholders with the flexibility to allocate their premiums among a variety of investment options, such as stocks, bonds, and mutual funds. The policy’s cash value and death benefit can fluctuate based on the performance of these investments.
2. How can I find a State Farm agent who offers this product?
To find a State Farm agent who can provide you with the variable universal life insurance product from Pacific Life, visit the official State Farm website or contact their customer service.
3. Are there any risks associated with variable life insurance?
Like any investment, variable life insurance products carry certain risks. Policyholders should carefully consider the risks, charges, limitations, and expenses associated with these products, as well as the investment goals/objectives of the underlying investment options.
Conclusion
The strategic alliance between Pacific Life and State Farm brings together two industry leaders to offer customers a powerful and flexible life insurance solution. With Pacific Life’s financial strength and State Farm’s extensive network of agents, customers can feel confident in their choice to protect their loved ones from life’s uncertainties. Whether you’re planning for retirement or looking to safeguard your family’s financial future, the variable universal life insurance product from Pacific Life and State Farm can provide you with the peace of mind you deserve.
