Retirement planning… employee turnover…changes in cash flow – these are among the main concerns of today’s small business owner. Pacific Life Insurance Company recently introduced Flex XIV (policy form no. P06F14), a whole life insurance product with features that address these concerns by bringing a new level of flexibility to defined benefit plans that use life insurance.

Key features of the Flex XIV life insurance product include:

Two types of basic coverage to address different plan objectives.

“Low band” pricing based on premium amount to offset costs of employee turnover with higher early cash values.

Extended Insurance (EI) provision that provides more flexibility in premium payment amounts and structure to better respond to defined benefit plan design modifications or changes in cash flow.

“Small business owners consider defined benefit plans to be planning tools,” explained Mike Tinsley, vice president of strategic marketing for the Life Insurance Division of Pacific Life. “By using life insurance in their defined plan, they can also provide death benefit protection. We designed Flex XIV to specifically address the concerns and goals of these clients.”

According to Tinsley, small business owners can use defined benefit plans to accumulate retirement capital; achieve a higher level of retirement income security; secure business tax deductions.

The adoption of a qualified plan requires the services of a qualified plan administrator and independent pension, legal and tax advisors. Pacific Life Insurance Company does not provide qualified plan administrative services or legal advice.

Founded in 1868, Pacific Life provides life insurance products, annuities, and mutual funds, and offers a variety of investment products and services to individuals, businesses, and pension plans.1 Pacific Life counts more than half of the 100 largest U.S. companies as clients2 and is a member of the Insurance Marketplace Standards Association (IMSA), whose membership promotes high ethical standards for the sale of individual life insurance and annuities. For additional information about Pacific Life, including its current financial strength ratings from A.M. Best, Fitch Ratings, Standard & Poor’s, and Moody’s, visit the company Web site at www.PacificLife.com.

Product features and availability vary by state.

Data compiled by Pacific Life using the FORTUNE 500® list as of April 2006.

Pacific Life Insurance Company is licensed to issue individual life insurance and annuity products in all states except New York. Product availability and features may vary by state.

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Contacts

Pacific Life Insurance Company

Stacy Santmyer Klein, 949-219-3222

Stacy.Klein@PacificLife.com

© Business Wire 2007