Pacific Life Announces New Disability Insurance Products to Employee Benefits Lineup
September 12 2024 - 10:00AM
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.
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Media Contact: Jesse Page jpage@pacificlife.com
949-219-4575