New Kit from Pacific Life Helps Insurance Professionals Rescue
Their Client’s Retirement Plans
Newport Beach, Calif. (April 16, 2009) – More than $2 trillion of American’s retirement assets disappeared in just one year1 and who knows what’s going to happen next. In today’s changing economy, even the wealthiest Americans worry about running out of money in retirement2 and wonder how to keep dreams of retiring alive.
A new sales kit from Pacific Life explains how life insurance can help build assets for clients’ retirement plans while providing protection to families and businesses through the death benefit. Alyce Peterson, vice president of marketing services for the company’s Life Insurance Division, explained that by including life insurance in a comprehensive retirement strategy, clients can:
- Protect their families now and potentially supplement retirement income later
- Catch-up on retirement savings
- Supplement the accumulation of their retirement income through the use of previously-taxed income
- Put the value of their business to work for their retirement
- Make potentially large and tax-deductible contributions
“We are in uncharted waters and your clients need help and direction to stay on course to their financial goals, especially retirement” Peterson explained. “Adding life insurance to a retirement strategy can stabilize a plan today and offer the potential of supplemental retirement income tomorrow.”
The “Building Retirement in a Changing Economy” kit features case studies, client brochures, a comprehensive pocket guide plus valuable marketing tips. Insurance professionals can get a kit by contacting their Pacific Life representative or by calling 866-722-9555.
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. With more than half of the 100 largest U.S. companies as its clients,3 Pacific Life is also a member of the Insurance Marketplace Standards Association (IMSA), whose membership promotes high ethical standards for the sale of individual life insurance and annuities. For additional company information, including current financial strength ratings, visit Pacific Life online at www.PacificLife.com.
- Investment Company Institute, “The US Retirement Market, Third Quarter 2008” February 2009.
- “The Mythology of the Very Rich,” Walter Zultowski, Private Wealth 12/4/2008.
- Client count data compiled by Pacific Life using the FORTUNE 500® list as of April 2008.
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 company is solely responsible for the financial obligations accruing under the products it issues. Product and rider guarantees are backed by the financial strength and claims paying ability of the issuing company and do not protect the value of the variable investment options. Variable insurance products are distributed by Pacific Select Distributors, Inc. (member FINRA & SIPC), a subsidiary of Pacific Life Insurance Company, and are available through licensed third party broker-dealers.
This material is not intended to be used, nor can it be used by any taxpayer, for the purpose of avoiding U.S. federal, state or local tax penalties. This material is written to support the promotion or marketing of the transaction(s) or matter(s) addressed by this material. Pacific Life, its distributors and their respective representatives do not provide tax, accounting or legal advice. Any taxpayer should seek advice based on the taxpayer's particular circumstances from an independent tax advisor.