NU Online News Service, July 12, 1:35 p.m. – Pacific Life Insurance Company, Newport Beach, Calif., is updating its Pacific Select Exect II variable universal life insurance policy by adding zero-interest loans on policies that have been in place for at least six years, and offering a small, return-boosting persistency credit for policies that have been in place for at least 16 years.

The company is also offering registered securities representatives who sell the policies a choice of three commission structures.