Pacific Life Introduces Index-Linked Structured Settlements Annuity
Event summary
- Pacific Life launched Payout Plus, an indexed-based structured settlements annuity benefit option on March 3, 2026.
- Payout Plus offers potential payment increases while guaranteeing a minimum baseline payment.
- The product is designed for personal injury or workers’ compensation settlement recipients and attorney fee structuring.
- Available in all states except New York.
The big picture
Pacific Life’s Payout Plus represents a strategic shift in the structured settlements market, blending guaranteed income with potential for higher payouts tied to an index. This move aligns with broader industry trends toward flexible financial products that cater to evolving client needs, particularly in personal injury and workers’ compensation cases.
What we're watching
- Market Adoption
- How quickly Payout Plus gains traction among structured settlement consultants and claimants.
- Regulatory Scrutiny
- Whether state regulators outside New York impose restrictions on indexed-based annuity features.
- Competitive Response
- The pace at which competitors introduce similar indexed-linked structured settlement products.
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