Investor Presentaiton
1
FA-Backed Structure Overview
Pacific Life Legal Entity Overview
Pacific Mutual Holding
Company
Funding
Agreement
Pacific LifeCorp
Pacific Life
Insurance Company
Cash
Cash
Pacific Life
Global Funding II
Institutional
Investors
FA-Backed
Notes
Rating based on note issuance in July 2022
PACIFIC LIFE
•
FA-Backed Note Mechanics
Pacific Life Global Funding II, a Delaware statutory trust, issues global medium-term
notes
Each series of notes will be secured by one or more Funding Agreements from Pacific
Life Insurance Company
When Pacific Life Global Funding Il issues a series of notes, the proceeds from the
issuance will be used to purchase a Funding Agreement from Pacific Life Insurance
Company, which will in turn use the cash to invest in a portfolio of assets
The Funding Agreement will mirror Pacific Life Global Funding II's interest and
principal payments on the notes
Under Nebraska statutory law, the funding agreement securing the notes will rank
pari passu with policyholder claims in the event of an insolvency of Pacific Life
Insurance Company
Pacific Life Global Funding II's FA-Backed Notes program ratings as of November 15,
2022 are:
•
Moody's:
S&P¹:
Aa3
AA-
•
Fitch:
AA-
PLGFII Investor Presentation (Q3 2022)
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