The company is based in Newport Beach, California, and offers consumers a wide variety of life insurance products, investment products, retirement planning services, and annuities, among others. Pacific Life’s scope of term to permanent life insurance products lends itself to individuals, families, and also businesses of all sizes.. My request to everyone YOU ARE NOT INSURED WITH THEM!! * For federal income tax purposes, life insurance death benefits generally pay income tax-free to beneficiaries pursuant to IRC Sec. Please refresh the page and try again. We liked Pacific Life’s life insurance with long-term care benefits. Customer Reviews. Reviews from Pacific Specialty Insurance Company employees about Pacific Specialty Insurance Company culture, salaries, benefits, work-life balance, management, job security, and more. The BBB has recorded two complaints over the last three years, all of which were promptly resolved by the insurer. One downside for some will be the fact that you can’t get a life insurance quote through the website. It is very important to do your own analysis before making any investment based on your own personal circumstances and consult with your own investment, financial, tax and legal advisers. Pacific Life Insurance, founded in 1868, is one of the oldest insurance companies in the country. It is a trusted company. Pros: How can I file a complaint? It provides term life policies of 10, 15, 20 and 30 years, which are split into two types. There is a very good tools and calculators section, ranging from the standard - how much life insurance do I need? This company is horrible. I can tell all of their customer service representatives have been trained properly and they always answer with a smile (trust me, you can tell when someone answers with a smile). In certain situations, however, life insurance death benefits may be partially or wholly taxable. ConsumerAffairs is not a government agency. Moving a bit faster. In this review: Pacific Life insurance customer satisfaction ratings Life insurance complaints comparison Pacific Life contact information PSIC refuses to test to see if our home is safe from the asbestos. Future US, Inc. 11 West 42nd Street, 15th Floor, Pacific Life offers annuities and mutual funds in addition to life insurance, but it is no jack-of-all-trades financial services company. I filed a claim for Soledad fire. They never reply back whether my Insurance policy is cancel or not. Pacific Life is a Fortune 500 company and the 10th largest seller of variable annuities. Our home was built in the early 70s and PSIC knew the drywall contained asbestos. Pacific Life offers one of the widest selections of universal life and variable universal life policies we’ve come across, designed to suit a wide range of circumstances. The rains that came after the fire, poured into our home and damaged dry wall in three rooms. Company Overview: Company History: Pacific Mutual Life issued its first policy in 1868 to Leland Stanford (the company’s first president). Pick another company. For over 30 years, we've been listening a little closer. Before you consider this company DO YOUR HOMEWORK!!!! Pacific Life also scores consistently well on J.D. I really appreciate that they are a big company with a small company feel and will continue to use them as my insurer since I feel confident with my coverage under their umbrella. I just sent them an email with original documentation attached advising them that I would be filing a formal complaint against them with the insurance commissioner within 72 hours if I did not have a response from them. If this is what PS is like in getting a refund, imagine the nightmare of actually filing a claim with them. Coverage and rider information This allows the policy to be used for long-term care, with the death benefit reduced as a result. ... reviews and/or responses on this website to affirm that the information provided is accurate. Its specialism in life insurance is demonstrated by the long list of options on offer. Pacific Specialty Insurance Company. Although Pacific Life Insurance is not accredited on the Better Business Bureau website, it has an A+ rating. Don't get them. Pacific Life counts more than half of the 100 largest U.S. companies as its clients. That’s pretty standard stuff for the sector, but the site is clean, uncluttered and easy to use. Unsubscribe easily. It’s not the most comprehensive we’ve come across, though, and you’ll soon exhaust the advice on offer. Its range of universal life policies is especially comprehensive, and it has built up something of a reputation in this sector. 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