Newport Beach, CA. (May 9, 2006) – To help meet the needs of clients seeking diversification among asset classes, Pacific Life added two new investment options to its variable account offerings. Now, the owners of the company’s variable annuity contracts and variable life insurance policies can select from up to 42 investment choices and 23 premier money managers.1
The new variable investment options include: the International Small Cap Portfolio, managed by BatteryMarch and the Diversified Bond Portfolio, managed by JP Morgan. The International Value Portfolio is now managed by AllianceBernstein.
In addition, AllianceBernstein joins the lineup available in Pacific Funds and manages the renamed PF AllianceBernstein International Value Fund. This fund is also part of the Pacific Funds Portfolio Optimization Fund target allocations.
The International Small Cap Portfolio adds to the asset classes offered in the variable products, broadening the choices available to clients. “Diversification is fundamental to helping clients stay invested for the long term through their variable life insurance policies and annuity contracts,” explained Alyce Peterson, vice president of marketing services for the Life Insurance Division of Pacific Life. “Our Portfolio Optimization is a service that helps match a client’s financial objectives, investment time horizon and risk tolerance with a diversified portfolio. Eleven years of asset allocation service history distinguishes Pacific Life’s Portfolio Optimization from the competition.”
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 clients2 and is a member of IMSA (Insurance Marketplace Standards Association), whose membership promotes ethical market conduct for individual life insurance and annuities.
1 Life Insurance policyholders are limited to 27 investment options at one time. Thirty-three investment options are available through variable annuities. 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.
2 Data compiled by Pacific Life using the FORTUNE 500 ® list, as of April 2005
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. Variable life insurance and annuity products issued by Pacific Life and like 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.
You should carefully consider a variable product's risks, charges, limitations and expenses, as well as the risks, charges, expenses and investment objectives of the underlying investment options. You should carefully consider a mutual fund’s investment objectives, risks, charges, limitations and expenses. This and other information about Pacific Life are in prospectuses available from your registered representative or by calling (800) 800-7681 or (800) 722-2333. Read the prospectuses carefully before investing.