NEWPORT BEACH, Calif. (May 8, 2008) – With investor concerns about market fluctuations, not saving enough for retirement, and outliving assets, Pacific Life Insurance Company has launched a new bonus variable annuity.
Pacific Value Edge provides clients with an immediate credit of either 6% or 8%, depending on the amount of the initial purchase payments (investments). Investments less than $100,000 will earn a 6% credit, and investments $100,000 and greater will earn an 8% credit. This credit provides a “jump start” and can help those who are behind in saving and have less than 10 years until retirement income is needed.
“What other investment can turn $100,000 into $108,000 in one day and offer options that can provide principal protection and lifetime withdrawals?” adds Kathleen McWard, Pacific Life vice president of marketing, Annuities & Mutual Funds Division.
Investors who purchase Pacific Value Edge have access to The Power of Diversification®—freedom to create their own portfolio from a prestigious lineup of money managers. They may choose between a strategic asset allocation service, Portfolio Optimization, or allocating among three new Asset Allocation Strategies: BlackRock’s Global Allocation V.I. Fund, Franklin Templeton’s VIP Founding Funds, and AllianceBernstein’s VPS Balanced Wealth Strategy.
With the election of Portfolio Optimization or the new Asset Allocation Strategies, investors can choose from The Power of Choice®—an impressive array of optional benefits designed to keep clients’ investments and income safe for the future. All can be chosen at contract issue or on the anniversary date and are available for an additional cost.
Pacific Life offers hypothetical illustrations to help financial professionals work with their clients in developing a retirement plan that utilizes variable annuities and optional benefits.
Founded in 1868, Pacific Life provides life insurance products, annuities, and mutual funds and offers a variety of investment products and services to individuals, businesses, and pension plans.1 Pacific Life counts more than half of the 50 largest U.S. companies as clients2 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.
1 Product features and availability vary by state.
2 Data compiled by Pacific Life using the FORTUNE 500® list as of April 2007.
You should carefully consider a variable annuity’s risks, charges, limitations, and expenses, as well as the risks, charges, expenses, and investment objectives of the underlying investment options. This and other information about Pacific Life are in the product and underlying fund prospectuses available from your registered representative or by calling (800) 722-4448. Read the prospectuses carefully before investing.
Variable annuities are long-term investments designed for retirement. The value of the variable investment options will fluctuate, and when redeemed, may be worth more or less than the original cost. Withdrawals and other distributions of
taxable amounts, including death benefit payouts, will be subject to ordinary income tax. If withdrawals and other distributions are taken prior to age 59½, a 10% federal tax penalty may apply. A withdrawal charge also may apply.
Withdrawals will reduce the value of the death benefit and any optional benefits.
Credit enhancements are treated as additional earnings for tax purposes when distributed and will be subject to market risk when invested in the variable investment options. In certain scenarios, Pacific Life will recapture the credit
enhancement; see the prospectus for more information. Contracts with credit enhancements may have higher fees and expenses and longer surrender periods than contracts that do not provide credit enhancements. Asset allocation is the process of distributing investments among various classes of investments (e.g., stocks and bonds). It does not guarantee future results, assure a profit, or protect against loss. Asset allocations may vary from target
allocations.
Branson, Fowlkes & Company, Inc. is the registered owner of the service mark “D3 THE POWER OF DIVERSIFICATION.” Pacific Life uses the mark, “The Power of Diversification,” through an exclusive licensing agreement with Branson Fowlkes.
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 annuities issued by Pacific Life Insurance Company and shares of the Pacific Select Fund are distributed by Pacific Select Distributors, Inc. (member FINRA & SIPC), a subsidiary of Pacific Life, and are available through licensed third-party broker/dealers. Shares of VPS Balanced Wealth Strategy are distributed by AllianceBernstein Investments, Inc. Shares of Global Allocation V.I. Fund are distributed by BlackRock Distributors, Inc. Shares of Franklin Templeton VIP Founding Funds are distributed by Franklin Templeton Distributors, Inc.
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