A West Coast insurer says a new product can help planners accommodate hard-to-predict changes in federal laws.

Pacific Life Insurance Company, Newport Beach, Calif., has introduced the Pacific Estate Preserver III second-to-die universal life insurance policy, a new version of a policy with an estate preservation rider that can double the policy’s death benefit proceeds if both insureds die within the policy’s first four years.

Beneficiaries can use the rider proceeds to pay unexpected estate taxes, Pacific Life says.

The policy comes with a relatively short, 5-year surrender charge period, and an optional rider can give holders the ability to convert the policy to another Pacific Life policy.

Policy prices are based on the 2001 Commissioners Standard Ordinary Mortality Tables, Pacific Life says.