Newport Beach, Calif. (June 10, 2009) – Your clients have spent the last eight months worrying about the effect of market volatility on their long-term financial plans. Now as the markets give glimmers of a turn around, they will be looking for ways to maximize the upside potential. To help, Pacific Life Insurance Company introduced the High Par 5-Year Indexed Account1, the third indexed account available through its indexed universal life (IUL) insurance policies.
High Par 5-Year Indexed Account offers unlimited growth potential with its current no cap2 and 110% current participation rate (105% guaranteed). In addition, High Par 5-Year Indexed Account protects against market downturns with a guaranteed annual interest rate of 0%. Like the existing indexed accounts available in Pacific Life’s IUL products, High Par 5-Year Indexed Account credits interest based in part on the positive performance of the S&P 500®3 index (excluding dividends) without direct participation in any stock or equity investments.
Joe Miscolta, assistant vice president of product and portfolio merchandising for the Life Insurance Division of Pacific Life, explained that historically five years following a financial crisis can be an opportune time to reap higher returns. “When you look at the five-year performance of a major index following four major economic events in the past 22 years, you see an overall pattern of higher returns. For example, the cumulative return on an all stock portfolio in the five years following the 1989 savings and loan crisis was 58.1%, 4” he said.
The High Par 5-Year Indexed Account is available with Pacific Indexed Accumulator III5, the number one selling IUL product in the country6 and Indexed Pacific Estate Preserver7, one of only a few survivor IUL products currently on the market.
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.8 With more than half of the 100 largest U.S. companies as its clients,9 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 the About Pacific Life section of this Web site.
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The High Par 5-Year Indexed Account is referred to as the 5-Year Indexed Account in the policy contract language. |
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15% minimum growth cap guaranteed |
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“Standard & Poor’s®”, “S&P®”, “S&P 500®”, “Standard & Poor’s 500” and “500” are trademarks of The McGraw-Hill Companies, Inc. and have been licensed for use by Pacific Life Insurance Company. The Product is not sponsored, endorsed, sold or promoted by Standard & Poor’s and Standard & Poor’s makes no representation regarding the advisability of purchasing the Product. |
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“U.S. Market Recovery After Financial Crises” 2009 Morningstar, Inc. For illustrative purposes only and not indicative of any investment. An investment cannot be made directly in an index. Past performance is no guarantee of future results. |
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Policy Form No. P08P13 |
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Advantage Index Sales & Market Report 1st Quarter 2009. Pacific Life was one of 27 companies participating. |
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Policy Form No. P09IEP |
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Pacific Life refers to Pacific Life Insurance Company and its affiliates, including Pacific Life & Annuity Company. |
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Client count as of April 2009 is compiled by Pacific Life using the 2009 FORTUNE 500® list. |
Pacific Indexed Accumulator III and Indexed Pacific Estate Preserver are life insurance products offering death benefit protection. Failure to maintain the policy to maturity may result in no participation in the equity index. Charges, limitations and other expenses may impact policy values.
Pacific Life Insurance Company is licensed to issue individual life insurance and annuity products in all states except New York. Product availability and features may vary by state. Pacific Life Insurance Company's Home Office is located in Newport Beach, CA.
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