UL Product Protects Against Tax Uncertainty

Pacific Life Insurance Company has introduced the Versa-Flex NLG universal life insurance policy.

The policy is designed to help purchasers cope with the possibility that the U.S. estate tax system could undergo substantial changes over the next few years, according to Pacific Life, Newport Beach, Calif.

Purchasers can buy a flexible-duration, no-lapse guarantee rider that will guarantee the death benefit, Pacific Life says.

The purchaser can decide whether the guarantee will be in effect for the insured’s lifetime or for some shorter period, the company says.