NU Online News Service, June 14, 4:09 p.m. – Pacific Life Insurance Company, Newport Beach, Calif., has added local life brokerage support services at 23 U.S. regional life offices.
Pacific Life made the move by combining its wholesaler and full-service brokerage operations.
“We’re merging these together to bring full service tools to the broker-dealers who used to have to work through the home office,” says Mike Bell, a senior vice president in Pacific Life’s life insurance division.
The new system “gives [broker-dealers] faster service, and a higher quality of service,” Bell says. “It is not in any way backing away from services. We’re not letting anyone go.”