NEWPORT BEACH, CA — (Marketwire) — 12/13/12 — Today, one of every three households with children is considered non-traditional(1). The “new normal” includes children living with grandparents and other caretakers who are married, remarried, unmarried, and same sex. A common mistake made in estate planning for blended families is approaching the process with the same mindset used for the historical nuclear family.
To address the specialized needs of this growing demographic, the traditional estate planning playbook may need to be revised to cover a new set of assumptions. An estate plan that includes life insurance can help:
Plan for succession of a family business
Address how assets will be divided and transferred
Avoid accidentally disinheriting a child
Minimize acrimony among family members
To help life insurance producers better understand the estate planning needs of today-s new normal among American families, Pacific Life now offers the “Yours, Mine & Ours” kit. This comprehensive kit features a workbook of strategies using life insurance, case studies, and a questionnaire that life insurance producers can use with their clients to help pinpoint their needs.
Life insurance producers can order the “Yours, Mine & Ours” kit at or contact their Pacific Life representative.
Offering insurance since 1868, Pacific Life provides a wide range of life insurance products, annuities, and mutual funds, and offers a variety of investment products and services to individuals, businesses, and pension plans. Pacific Life counts more than half of the 100 largest U.S. companies as its clients(2). For additional company information, including current financial strength ratings, visit Pacific Life online at .
1. Living Arrangements of Children: 2009. Current Population Reports. U.S. Census Bureau. Issued June 2011.
2. Client count as of May 2012 is compiled by Pacific Life using the 2012 FORTUNE 500® list.
Pacific Life refers to Pacific Life Insurance Company and its affiliates, including Pacific Life & Annuity Company. Insurance products are issued by Pacific Life Insurance Company in all states except New York and in New York by Pacific Life & Annuity Company. Product availability and features may vary by state. Each insurance company is solely responsible for the financial obligations accruing under the products it issues. Insurance products and their guarantees, including optional benefits and any fixed subaccount crediting rates, are backed by the financial strength and claims-paying ability of the issuing insurance company. Look to the strength of the life insurance company with regard to such guarantees as these guarantees are not backed by the broker-dealer, insurance agency or their affiliates from which this product is purchased. Neither these entities nor their representatives make any representation or assurance regarding the claims-paying ability of the life insurance company.
Pacific Life-s individual life insurance products are marketed exclusively through independent third-party life insurance producers, which may include bank affiliated entities. Some of these selling entities may limit availability of some optional riders based on their client-s age and other factors. Your life insurance producer can help you determine which optional riders are available and appropriate for you.
MKT-12-272
Stacy Klein
Pacific Life
Phone: (949) 420-7314
E-Mail: