September 12, 2024 Reinsurance

Pacific Life Announces New Disability Insurance Products to Employee Benefits Lineup

Business Wire

NEWPORT BEACH, Calif.--(BUSINESS WIRE)--
Pacific Life’s Workforce Benefits business today announced the addition of two new disability insurance products to its portfolio. These coverages allow employers to provide their employees with added paycheck protection if they’re unable to work.

“We’re excited to launch our short-term and long-term disability insurance products, marking a significant expansion of our product portfolio,” said Erich Sternberg, senior vice president and head of Pacific Life Workforce Benefits. “These products complement our existing offerings and allow us to better serve our customers by providing a robust suite of employee benefits. Our journey from inception to today has been driven by a relentless pursuit of digital excellence, and a commitment to empowering employers and employees alike. We are proud to offer a full suite of products, all seamlessly supported by our friction-free, 100% digital ecosystem. This is what drives us at Pacific Life, as we continue to set new standards in the industry.”

Rob Mulligan, vice president of product and underwriting, Pacific Life Workforce Benefits said, “Our disability products are thoughtfully designed to provide employers with the tools they need to offer their employees crucial financial protection during life events. We’ve included features such as vocational rehabilitation incentives and an Employee Assistance Program (EAP) embedded with our long-term disability product to ensure comprehensive support. At Pacific Life, we are dedicated to improving the overall experience for employees, making sure they have the resources they need when they need them most.”

Pacific Life’s new disability insurance products include:

Pacific Life Short-Term Disability Insurance helps employees protect a portion of their paycheck if they’re unable to work for a shorter duration due to a sickness, injury, or recovery from childbirth.
Pacific Life Long-Term Disability Insurance helps employees protect a portion of their paycheck if they’re unable to work for an extended period due to a sickness or injury. Additionally, our coverage includes an EAP offered through TELUS Health.

About Pacific Life

Pacific Life provides a variety of products and services designed to help individuals and businesses in the retail, institutional, workforce benefits, and reinsurance markets achieve financial security. Whether your goal is to protect loved ones or grow your assets for retirement, Pacific Life offers innovative life insurance and annuity solutions, as well as mutual funds, that provide value and financial security for current and future generations. Supporting our policyholders for nearly 160 years, Pacific Life is a Fortune 500 company headquartered in Newport Beach, California. For additional company information, including current financial strength ratings, visit www.PacificLife.com.