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Pacific Life & Annuity Company Introduces Three New Products
Newport Beach, CA. (March 29, 2007) – Producers now have more universal life choices from a quality carrier in the New York market to help meet clients’ diverse financial goals and risk profiles. The new offerings from Pacific Life & Annuity
Company cover the full range of universal life products including traditional universal life, equity-indexed universal life and variable universal life insurance.
The new line-up includes:
- Versa-Flex VI-NY. Pacific Life & Annuity’s first universal life product in New York, Versa-Flex VI-NY provides clients who are primarily seeking financial protection with the peace of mind that comes from a minimum guaranteed crediting rate and flexible features that can help adapt the policy to changing financial needs.
- Pacific Indexed Accumulator II-NY. This new equity-indexed universal life insurance product combines the flexibility and guarantees of traditional universal life with the potential for higher credited interest rates without participating directly in the equities market. Pacific Life & Annuity is one of only a small number of major carriers offering an equity-indexed universal life insurance product in New York.
- Pacific Select Exec IV- NY. This variable universal life insurance policy puts clients with higher supplemental retirement income goals in the driver’s seat by providing a variety of investment options, riders and services. With 44 investment options and five asset allocation models, clients can direct their policy’s cash value growth potential.
“Producers can match their New York clients to the universal life insurance policy that fits their financial profiles and goals,” commented Alyce Peterson, vice president of marketing services for Pacific Life & Annuity. “This complete line of universal life insurance products gives them the options they need to best serve their clients.”
About Pacific Life & Annuity
Pacific Life & Annuity Company offers a wide range of products, including life insurance, annuities, structured settlement annuities, and other investment products and services for individuals and businesses.1 Pacific Life Insurance & Annuity’s individual life insurance products are marketed exclusively through independent third-party producers in New York, which may include bank affiliated entities. Pacific Life & Annuity is a member of the Insurance Marketplace Standards Association (IMSA), whose membership promotes high ethical standards for the sale of individual life insurance and annuities.
1 Product features and availability vary by state.
These products are approved for sale in New York only. This material may be used in New York only. Non-guaranteed elements are not guaranteed by definition. As such, Pacific Life & Annuity reserves the right to change or modify any non-guaranteed element. This right to change non-guaranteed elements is not limited to a specific time or reason.
Investors should carefully consider a variable life insurance policy’s risks, charges and limitation and expenses as well as the risk, fees, expenses and investment objectives of the underlying investment options. This and other information about Pacific Life is in prospectuses available from your registered representative or by calling (800) 800-7681. Read the prospectus carefully before investing or sending money.
Variable insurance products issued by Pacific Life & Annuity Company and shares of the Pacific Select Fund are distributed by Pacific Select Distributors, Inc. (member NASD & SIPC), an affiliate of Pacific Life & Annuity Company, and are available through licensed third party broker-dealers.
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