NEWPORT BEACH, Calif., July 20, 2009 — Pacific Life is one of the first life insurance companies to include three cost-effective portfolios in its suite of variable product asset allocation options. The Pacific Dynamix portfolios, available with variable annuity and universal life products from Pacific Life, offer clients simplicity, transparency, and the lower costs associated with index-oriented investments.
Pacific Dynamix is a suite of three asset allocation “fund-of-funds” that seeks to achieve its investment goals by investing in certain underlying portfolios. The annual net expense for a Pacific Dynamix portfolio is 0.65%. These net expenses reflect a contractual expense cap in place through April 30, 2010, but there is no guarantee that expenses will continue to be capped after that date.
“Today, clients are focused on keeping expenses down and providing guaranteed income for life, while still protecting the value of their investments,” said Christine Tucker, Pacific Life’s vice president of marketing, Annuities & Mutual Funds Division.
“The Pacific Dynamix portfolios can help in creating a cost-effective combination of our variable products and optional benefits that help meet clients’ needs. Now, depending on the selected Pacific Life variable annuity and optional benefits, by selecting a Pacific Dynamix portfolio as the investment option, the total annual cost of ownership can be around 2%.”
Pacific Life offers a variety of variable products, investment options, and optional benefits.
Pacific Life Fund Advisors, LLC (PLFA), a wholly owned subsidiary of Pacific Life Insurance Company, is the investment advisor to the Pacific Dynamix portfolios. BlackRock Investment Management, LLC, SSgA Funds Management, Inc., and Dimensional Fund Advisors, LP, were selected by PLFA to manage the underlying portfolios. The underlying portfolio managers were selected based on careful assessment of management experience, firm integrity, and commitment to placing investors’ interests first.
Asset allocation is the process of distributing investments among various classes of investments (e.g., stocks and bonds). It does not guarantee future results, ensure a profit, or protect against loss.
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. With more than half of the 100 largest U.S. companies as its clients, 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.
Client count as of April 2009 is compiled by Pacific Life using the 2009 FORTUNE 500® list.
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. This and other information about Pacific Life are provided in the product and underlying fund prospectuses. These prospectuses are available from your registered representative or by calling (800) 722-4448. Read them 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. Values will fluctuate, and when redeemed, the shares may be worth more or less than the original cost.
Pacific Life refers to Pacific Life Insurance Company and its affiliates, including Pacific Life & Annuity Company. Insurance products are issued by Pacific Life Insurance Company in all states except New York and in New York by Pacific Life & Annuity Company. Product availability and features may vary by state. Each company is solely responsible for the financial obligations accruing under the products it issues. Product and rider guarantees are backed by the financial strength and claims‐paying ability of the issuing company and do not protect the value of the variable investment options.
Variable insurance products issued by Pacific Life and mutual funds issued by Pacific Life Funds are distributed by Pacific Select Distributors, Inc. (member FINRA & SIPC), a subsidiary of Pacific Life Insurance Company, and are available through licensed third‐party broker/dealers.
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