Carrier

Pacific Life secondary market annuities

Pacific Life is a large United States life insurance company active in annuities and structured settlements. When Pacific Life backs a payment stream, the scheduled payments are that carrier's obligation.

Pacific Life Insurance Company

Founded: 1868
Headquarters: Newport Beach, California
Structure: Mutual holding company

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What it means

Backed by Pacific Life

When a payment stream is backed by Pacific Life, the scheduled payments are that carrier's obligation. You are buying the right to receive those payments — transferred through a court-approved process — at a discount, not a new insurance contract, and the difference between what you pay and what you collect is your yield. Read more about the asset itself on our secondary market annuities guide.

Because the income depends on Pacific Life continuing to pay, the carrier's financial strength is your protection. These payment rights are not FDIC-insured and generally are not covered by a state guaranty association, so we place only top-rated carriers and show the current rating on every listing. Where a Pacific Life-backed stream sits against CDs, Treasuries, and new annuities is laid out on our comparison page.

The company

A brief history

Pacific Life has written life insurance and annuities since 1868 and operates under a mutual holding structure, with policyholders rather than public shareholders at the top of the ownership chain. It is a longstanding participant in the annuity market backing structured settlement obligations.

In 2026, Pacific Life was selected — through a competitive process run by the Guaranty Association Benefits Company — to assume the remaining annuity obligations from the Executive Life of New York insolvency, a court-approved transfer completed on July 1, 2026. Taking on one of the industry's most closely watched legacy blocks is a mark of the role Pacific Life plays in the settlement-annuity market today.

Pacific Life payment stream questions

Did Pacific Life take over the Executive Life (ELNY) annuities?

Yes. The Guaranty Association Benefits Company, which had paid former Executive Life of New York annuitants since 2013, selected Pacific Life through a competitive process; the court overseeing the ELNY liquidation approved the transfer in April 2026 and it closed on July 1, 2026. Benefit terms carried over unchanged.

Are Pacific Life secondary market annuities safe?

The payments on a Pacific Life-backed stream are that carrier's obligation, so its financial strength is your protection. These payment rights are not FDIC-insured and generally are not covered by a state guaranty association, which is why we place only top-rated carriers and show Pacific Life's current rating on every listing. Review the issuer's rating before you commit.

How do I buy a Pacific Life payment stream?

Browse current inventory, and when a Pacific Life-backed listing fits, reserve it by its contract number. The right to receive the payments is assigned to you through a court-approved transfer, and the scheduled payments then arrive direct to you. Registering a free account unlocks full terms and investor pricing.

What yield do Pacific Life-backed streams pay?

Effective yields on current inventory run roughly 4 to 7 percent, depending on the category, the term, and the specific listing rather than on the carrier alone. Each Pacific Life listing shows its own yield, purchase price, and full payment schedule.

What these assets are, and what they are not

Guaranteed and life-contingent structured settlement payment rights, and lottery payment rights, represent the right to receive factored payments that Pacific Structured Assets purchases and assigns to investors through a court-approved process. They are purchased at a discount to their total scheduled payments.

These payment rights are NOT annuities, NOT insurance products, and NOT securities registered with the U.S. Securities and Exchange Commission. They are not bank deposits, are not FDIC-insured, and are not protected by any state insurance guaranty association. The industry term “secondary market annuity” refers to these payment rights and does not mean you are purchasing an insurance annuity contract.

You acquire the right to receive the payments, not the underlying annuity. The annuity itself does not change hands. Unlike the original structured settlement annuity, which may be shielded from creditors under applicable law, the assigned payment rights you purchase generally do not carry that creditor or bankruptcy protection.

Assigned annuities, offered as a separate product line, are existing insurance annuity contracts reassigned to a new owner through a change of ownership or an irrevocable change of payee.

These are long-term holdings with limited liquidity, and may not be suitable for every investor. There is no public trading market and no daily price. Resale or reassignment of a payment stream to another buyer may be possible, and Pacific Structured Assets can assist, but a resale is not guaranteed and the price it would bring is not guaranteed. Because the payments are fixed, that resale value moves with prevailing interest rates: an investor could realize a gain if rates have fallen since purchase, or a loss if rates have risen. These holdings are best suited to capital an investor can commit for the long term. Nothing on this website is tax, legal, financial, or investment advice. Consult your own advisors before investing.

Pacific Structured Assets, Inc. is an independent company. We are not affiliated with, endorsed by, sponsored by, or otherwise connected to any insurance company, annuity issuer, state lottery, or other payment obligor named on this website. Issuer and carrier names are used solely to identify the entity obligated to make the scheduled payments on a particular payment stream. All company names, trademarks, and service marks are the property of their respective owners; their appearance here is for identification purposes only and does not imply any partnership, agency, sponsorship, endorsement, or other business relationship. No issuer named on this website has reviewed, approved, or endorsed any of its content.

Pacific Structured Assets, Inc. does not provide tax, legal, financial or accounting advice. The material on this website has been prepared for informational purposes only and is not intended to provide, and should not be relied on for, tax, legal, financial or accounting advice. You should consult your own tax, legal, financial or accounting advisors before engaging in any transaction, including the acquisition of factored structured settlement payments. Pacific Structured Assets is not registered with the Securities and Exchange Commission and is not licensed to sell insurance in any state.

Pacific Structured Assets

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