Is Pacific financial loan formal?

Yes Pacific loan is formal. Pacific loan refers to the policy loan of Pacific Insurance Company. Policy loan means that the user mortgages the policy with cash value to the insurance company, and the insurance company provides it with a loan that does not exceed 60%-80% of the cash value of the policy. According to relevant regulations, Pacific Insurance Company can provide loans to users, and users can make policy loans with cash value policies insured by individuals in Pacific Insurance Company, such as life insurance, dividend insurance and universal insurance.