Hypothetical illustration

Whole life and indexed universal life, side by side.

Same insured. Same premium. Two different ways to build cash value and protect a death benefit.

Insured: Male, age 45
Class: Best non-tobacco
Premium: $50,000 a year
Premium years: 1 through 10

Guarantees and early cash value

Death benefit at age 100

Guaranteed

Bars start at $0

IUL figures assume the Flexible Duration No-Lapse Guarantee rider (FONLG), which carries an additional charge.

Cash value in year 1

Non-guaranteed

Bars start at $0

For the same $50,000 premium, both IUL designs illustrate a $1,858,734 guaranteed death benefit at age 100, against $700,281 and $908,596 for the whole life designs.

Source: LifeTrends competitor data as of 2/9/26 and Pacific Life illustrations. Hypothetical. Not an estimate of future performance.

Cash value at age 65

Illustrated cash value, no policy distributions taken

Non-guaranteed

Bars start at $0

Illustrated cash value at age 65 runs from $961,967 to $1,135,499, a spread of $173,532 across the four designs.

Source: LifeTrends competitor data as of 2/9/26 and Pacific Life illustrations. Hypothetical. Not an estimate of future performance.

Taking income from age 65 to 84

Illustrated policy distributions, age 65 to 84

Non-guaranteed

Policy designDistributionsAmountGuaranteed DB ends

Bars start at $0

Once policy distributions begin, the guaranteed death benefit ends in year 26 to year 30 across the four illustrations.

Source: LifeTrends competitor data as of 2/9/26 and Pacific Life illustrations. Loan rates assumed: MassMutual 5.33% adjustable, Penn Mutual 5.30% current. Hypothetical.

How the two products work

Factor

Whole life

Indexed universal life

Guaranteed death benefit

YesGuaranteed for life under the base policy, provided required premiums are paid.

YesAvailable with an optional no-lapse guarantee rider, up to lifetime, for an additional charge.

Interest crediting

Dividends. Non-guaranteed and declared by the company each year. Growth potential rests on the company's declared crediting rate.

Indexed accounts. Growth potential tracks an index, subject to caps, participation rates and a guaranteed minimum crediting rate. Fixed account options are also available.

Premium flexibility

NoPremiums are fixed. Skipping can trigger non-forfeiture options such as automatic premium loans or reduced paid-up insurance, and cash value and death benefit are no longer guaranteed.

YesAdjust amount and timing within policy limits. Death benefit focus: the minimum amount keeps the policy in force. Cash value focus: pay up to the policy limits.

Breakdown of charges

NoPolicy charges are built into the fixed premium and are not itemized.

YesPolicy charges and fees are shown on the illustration.

Policy loan charges

On average, loan charges vary from 4.00% to 6.00%.

Pacific Life IUL: current standard loan charge of 2.25%, guaranteed rate of 3.25%.

Source: Pacific Life, IUF5320-00 9/26. Features vary by company and by product.

For more information, contact Goheen Insurance at www.goheeninsurance.com

No bank guarantee · Not a deposit · May lose value · Not FDIC/NCUA insured · Not insured by any federal government agency

For financial professional use only. Not for use with the public.

Source. Competitor data downloaded from LifeTrends and current as of 2/9/26.

Pacific Horizon IUL 2 assumptions. Male age 45, Preferred Best, death benefit of $1,858,734 (NLG to AT00 DB), 50/50 base-term mix of Basic and Annual Renewable Term Rider, CVAT, assumed interest crediting rate of 6.35% in the 1 Year S&P, premium of $50K per year for 10 years, FONLG rider selected. For the income solve, withdrawal to standard loans years 21 to 40, targeting $1K at age 120. Flexible Duration No-Lapse Guarantee Rider: depending on how your client structures their policy, the guarantee has a maximum duration up to the insured's lifetime, subject to certain limits. If your client's net no-lapse guarantee value is zero, the no-lapse feature terminates. If the no-lapse feature terminates, additional premiums would be required to resume the no-lapse guarantee. If policy performance is such that your client's policy is being maintained solely by the no-lapse guarantee, your client's policy will not build cash value. Product form numbers appear in the original Pacific Life piece.

Competitors. MassMutual: male age 45, Preferred Best, premium of $50K per year for 10 years, initial and guaranteed death benefit of $700,281, dividend option is paid-up additions, income for the same years, withdrawals to loans, using an adjustable loan rate of 5.33%. Penn Mutual: male age 45, Preferred Best, premium of $50K per year for 10 years, initial and guaranteed death benefit of $908,596, dividend option is paid-up additions, income for the same years using a current loan rate of 5.30%.

Many life insurance products have some flexibility in how they are structured. For example, death benefit coverage under certain products may be provided through a combination of the base policy and any available term or other riders. Each policy selected, illustrated, and sold should be structured based upon your client's particular insurance needs and financial objectives. It is your responsibility to know that the particular policy selected, illustrated, and sold will meet your client's needs and objectives.

Various aspects of products, including but not limited to features, benefits, expenses, loads and charges, will vary from company to company and will impact the values shown. Products are not identical, and the products' specific features and your use of those features will impact long-term policy performance.

Values for all policies may contain guaranteed and non-guaranteed elements, including but not limited to current interest rate and current cost of insurance rates. This is not an estimate of future performance. Companies use different methods in determining current non-guaranteed elements and there will be variations in their values and meanings.

Underwriting criteria will differ from company to company; we attempted to use comparable risk classes across all companies.

Indexed universal life insurance does not directly participate in any stock or equity investments.

Riders will likely incur additional charges and are subject to availability, restrictions and limitations. Clients should be shown policy illustrations with and without riders to help show the rider's impact on the policy's values.

Indexed universal life insurance generally requires additional premium payments after the initial premium. If either no premiums are paid, or subsequent premiums are insufficient to continue coverage, it is possible that coverage will expire.

Pacific Life is a product provider. It is not a fiduciary and therefore does not give advice or make recommendations regarding insurance or investment products.

Pacific Life Insurance Company is licensed to issue insurance products in all states except New York. Product and material availability and features may vary by state. Insurance products and their guarantees, including optional benefits and any crediting rates, are backed by the financial strength and claims-paying ability of the issuing insurance company. Look to the strength of the insurance company with regard to such guarantees because these guarantees are not backed by the independent broker/dealers, insurance agencies, or their affiliates from which products are purchased. Neither these entities nor their representatives make any representation or assurance regarding the claims-paying ability of the issuing company. Life insurance is subject to underwriting and approval of the application and may incur monthly policy charges.

The primary purpose of life insurance is to provide death benefit protection in the event of the insured's death.

Pacific Life Insurance Company reserves the right to change or modify any non-guaranteed or current elements. The right to modify these elements is not limited to a specific time or reason. All individuals selling this product must be licensed insurance agents. The home office for Pacific Life Insurance Company is located in Omaha, Nebraska.

Pacific Life Insurance Company 26-163 · IUF5320-00 9/26