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Pacific Life Adds Business Owner Kit

by staff Writer

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An insurer is offering a collection of tools aimed at producers who want to do more to help owners of businesses with retirement arrangements.

Pacific Life Insurance Company, Newport Beach, Calif., says the new business owner retirement kit includes an interactive brochure, case studies, and fact patterns that can help identify business owners who might be able to benefit from using life insurance in retirement arrangements.

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Life insurance can help owners cope with risk factors such as the unpredictability of a company’s sale price and the challenge of finding a ready and qualified buyer, Pacific Life says. Life insurance also can help owners cope with uncertainty about a buyer’s ability to meet the financial obligations involved with an acquisition, the company says.