Variable Life Insurance Clients Can Choose
from More than 60 Investment Options
Newport Beach, Calif. (October 16, 2007) – Diversify. Diversify. Diversify. Clients with variable life insurance policies may hear this all the time but how do they achieve it? One way is through lifecycle portfolios, asset allocation strategies that automatically adjust over time. Pacific Life Insurance Company and Pacific Life & Annuity Company recently added the Fidelity VIP (Variable Insurance Portfolio) Freedom Income portfolio and five Fidelity VIP lifecycle portfolios to the investment options available through their variable universal life insurance products.
Pacific Life and Pacific Life & Annuity policyowners can now choose from more than 60 investment options including 11 lifecycle portfolios to help diversify the net premiums and cash value in their variable universal life insurance policies. Alyce Peterson, vice president of marketing services for the Life Insurance Division of Pacific Life explained that lifecycle portfolios appeal to clients who want a more “turn-key” approach to diversifying because each portfolio has a determined asset allocation1 mix that is automatically rebalanced and readjusted by the portfolio manager.
“Lifecyle portfolios offer the unique benefit of automatic rebalancing and adjustments to clients who want an easier way to diversify their policies’ cash value,” Peterson continued. “We believe in offering choices to our variable universal life policyowners so we continually expand and refine our roster of investment options and services.”
To help clients better understand how lifecycle portfolios can be used, Pacific Life and Pacific Life & Annuity recently published Lifecycle Portfolios for Variable Universal Life Insurance. This easy-to-use guide explains lifecycle portfolios and gives side-by-side comparisons of the 11 lifecycle portfolios available through their variable life insurance policies.
For more information on the Fidelity VIP Freedom portfolios and how the features and death benefit of a Pacific Life variable life insurance policy can help you meet your financial goals, visit www.PacificLife.com. In New York, please visit www.PacificLifeandAnnuity.com. To receive a copy of Lifecycle Portfolios for Variable Life Insurance, contact your financial advisor. Professionals should call (866) 722-9555 for information or to order copies of the new guide.
Pacific Life Insurance Company
Founded in 1868, Pacific Life provides life insurance products, annuities, and mutual portfolios, and offers a variety of investment products and services to individuals, businesses, and pension plans.2 Pacific Life counts more than half of the 50 largest U.S. companies as clients3 and 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.
About Pacific Life & Annuity Company
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.2 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. For additional information about Pacific Life & Annuity, including its current financial strength ratings from A.M. Best, Fitch Ratings, Standard & Poor’s, and Moody’s, visit the company Web site at www.PacificLifeandAnnuity.com.
1 Asset allocation does not guarantee future results, assure a profit, or protect against loss. Investment in an individual investment option or investment options in a single asset class may outperform or underperform an asset allocation investment option.
2 Product features and availability vary by state.
3 Data compiled by Pacific Life using the FORTUNE 500® list as of April 2007.
Pacific Life Insurance Company is licensed to issue individual life insurance and annuity products in all states except New York. Product availability and features vary by state. Individual life insurance and annuity products are available in New York through Pacific Life & Annuity Company. Each company is solely responsible for the financial obligations accruing under the policies it issues, and its product and rider guarantees are backed by that company’s financial strength and claims-paying ability.
Variable insurance products issued by Pacific Life Insurance Company and Pacific Life & Annuity Company are distributed by Pacific Select Distributors, Inc. (member FINRA & SIPC), a subsidiary of Pacific Life and an affiliate of Pacific Life & Annuity, and are available through licensed third party broker-dealers. Shares of Fidelity VIP Portfolios are distributed by Fidelity Distributors Corporation.
For more detailed information about Pacific Life’s and Pacific Life & Annuity’s variable life products, including charges, expenses and limitations, contact your registered representative or call Pacific Life at 800-800-7681 or Pacific Life & Annuity at 888-595-6996 for current prospectuses. Read the prospectuses carefully before investing or sending money.