Newport Beach, CA. (May 5, 2005) – Owners of Pacific Life variable annuity contracts and variable life insurance policies now have access to two new portfolio options using the American Funds Insurance Series, managed by Capital Research and Management Company – American Funds Growth and American Funds Growth-Income.1 The VN Small-Cap Value portfolio, managed by Vaughan Nelson Investment Management, L.P. was also added.
“We are continually evaluating the premier managers in the U.S. to expand and improve our investment choices available to financial professionals and their clients,” commented Kathleen Hunter, vice president of marketing for the Annuities and Mutual Funds Division. “These new investment options further enhance the asset allocation capabilities in our variable products.”
In addition to the new portfolios, Pacific Life welcomed the following portfolio managers to the Pacific Select Fund: Columbia Management Advisors Inc. – Technology; Jennison Associates, LLC – Health Sciences; Neuberger Berman Management, Inc. – Fasciano Small Equity.
According to Alyce Peterson, vice president of marketing services for the Life Insurance Division, Pacific Life retained its #1 sales position2 in the variable life insurance market in 2004 by continuing to enhance its variable life insurance products and the selection of investment options. “Our life insurance policyowners can now choose from 43 investment options and 20 quality portfolio managers. This breadth of choice and depth of management experience is important to our affluent client base” she explained.
Founded in 1868, Pacific Life provides life insurance products, individual annuities, mutual funds, group employee benefits, and offers to individuals, businesses, and pension plans a variety of investment products and services. A FORTUNE 500® company, Pacific Life counts more than half of the 100 largest U.S. companies as clients3 and is a member of IMSA (Insurance Marketplace Standards Association), whose membership promotes ethical market conduct for individual life insurance and annuities.
1 The Pacific Select Fund Master Growth-Income Fund invests in Class 2 shares of the American Funds Insurance Series Growth-Income Fund. The Pacific Select Fund Master Growth Fund invests in Class 2 shares of the American Funds Insurance Series Growth Fund.
2 LIMRA 4th Quarter 2004 Confidential Sales Survey
3 Data compiled by Pacific Life using the 2005 FORTUNE 500 ® list, as of April 2005
Pacific Life Insurance Company is licensed to solicit individual life insurance and annuity products in all states except New York. Product availability and features may vary by state. Variable life insurance and annuity products issued by Pacific Life and shares of the Pacific Select Fund are distributed by Pacific Select Distributors, Inc. (member NASD & SIPC), a subsidiary of Pacific Life, and are available through licensed third party broker dealers.
Although some portfolios may have names or investment objectives that resemble retail mutual funds managed by the portfolio manager, these portfolios will not have the same underlying holdings or performance as the retail mutual funds.
Investors should carefully consider the underlying fund investment objectives, risks, charges and limitations and expenses of a variable universal life insurance policy and an annuity contract. 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.