Reframing Legacy Planning for Two Lives
Pacific Horizon Survivorship IUL 2 1
Last Survivor Indexed Universal Life Insurance
Key Features
While its primary purpose is to provide a death benefit after both insured individuals have passed away, Pacific Horizon Survivorship IUL 2 can do much more.
A tax-free3 death benefit, paid at the second death, can help pay estate taxes4 and preserve a financial legacy for the people and causes that matter most to clients.
Tailor the coverage at policy issue based on clients' specific goals—whether that be a need for early-year cash surrender values, long-term performance potential, or a more balanced approach—all within one product.5,6
The policy automatically includes a no-lapse guarantee with a maximum duration of up to the surviving insured’s lifetime.6,7
Choose from one-year, multi-year, and volatility control indexed account options8 offering growth potential with protection from index-based losses as well as a fixed account that credits a declared interest rate (1% guaranteed minimum interest rate).
Choose from three optional rider designs that can help boost indexed account interest credits starting in policy year 2—each available for a monthly rider charge based on the rider design selected.6,9
Empower clients to achieve their legacy planning goals.
Reach out to learn what Pacific Horizon Survivorship IUL 2 could do for your clients.
Not all products or optional benefits are available in all states or firms, and features may vary by state and firm. Contact your firm or Pacific Life representative for availability.
1 Pacific Life Insurance Company’s Pacific Horizon Survivorship IUL 2 (Form series P26SIL, S26SHZN, varies based on state of policy issue).
2 The issue ages for this product are 18-90.
3 For federal income tax purposes, life insurance death benefits generally pay income tax-free to beneficiaries pursuant to IRC Sec. 101(a)(1). In certain situations, however, life insurance death benefits may be partially or wholly taxable. Situations include, but are not limited to: the transfer of a life insurance policy for valuable consideration unless the transfer qualifies for an exception under IRC Sec. 101(a)(2)(i.e. the transfer-for-value rule); arrangements that lack an insurable interest based on state law; and an employer-owned policy unless the policy qualifies for an exception under IRC Sec. 101(j).
4 According to the One Big Beautiful Bill Act of 2025, the federal estate, gift, and generation-skipping transfer (GST) tax exemption amounts are all $15,000,000 per person (indexed for inflation effective for tax years after 2025); the maximum estate, gift and GST tax rates are 40%.
5 Each coverage type—including those offered through riders—incurs its own set of charges and has unique features and benefits, subject to availability, restrictions, and limitations. When considering coverage types, clients should be shown a policy illustration to see the impact on the policy’s values.
6 Long-Term Performance Rider (Form Series R25LTP, S26LTP, varies based on state of policy issue) and SVER-3 Term Insurance Rider (Form Series R18SV3, S26SVRL, varies based on state of policy issue) may be subject to additional charges, availability, restrictions, and limitations. Clients should be shown policy illustrations with and without riders to help show the rider’s impact on the policy’s values.
7 The Flexible Duration No-Lapse Guarantee Rider (Form series R25FNL, S26FNL, varies based on state of policy issue), depending on how your clients structure their policy, has a maximum duration of up to the surviving insured's lifetime, subject to certain limits. If your clients’ net no-lapse guarantee value is zero, the no-lapse feature terminates. If the no-lapse feature terminates, additional premiums would be required to resume the no-lapse guarantee. If policy performance is such that your clients’ policy is being maintained solely by the no-lapse guarantee, your clients’ policy will not build cash value.
8 The indexed accounts do not directly participate in any index or the stock market.
9 Available via Enhanced Performance Factor Rider (Form R18EPF, S26EPF, varies based on state of policy issue).
Pacific Life, its affiliates, distributors, and respective representatives do not provide tax, accounting or legal advice. Any taxpayer should seek advice based on the taxpayer’s particular circumstances from an independent tax advisor or attorney.
Indexed Universal Life Insurance generally requires additional premium payments after the initial premium. If either no premiums are paid, or subsequent premiums are insufficient to continue coverage, it is possible that coverage will expire.
Life insurance is subject to underwriting and approval of the application and will incur monthly policy charges.
Insurance products and their guarantees, including optional benefits, and any crediting rates, are backed by the financial strength and claims-paying ability of the issuing insurance company. Look to the strength of the insurance company with regard to such guarantees because these guarantees are not backed by the independent broker/dealers, insurance agencies, or their affiliates from which products are purchased. Neither these entities nor their representatives make any representation or assurance regarding the claims-paying ability of the issuing company.