Pacific Life's Annuities & Mutual Funds Division Changes Name

Newport Beach, CA (March 5, 2010) - Effective March 1, 2010, the Annuities & Mutual Funds Division of Pacific Life Insurance Company is renamed to the Retirement Solutions Division. The full transition is expected to be completed on or before the end of this year.
 
"The new name reflects the division's diversified business mix and consultative wholesaling strategy," says Dewey Bushaw, executive vice president.  "The name change further defines the longer term strategy of creating and bringing new and innovative retirement income products to the market and offering simplified lower-fee retirement product solutions that include variable and fixed annuities and mutual funds."  This change also reflects a recent internal transfer of Pacific Life's structured settlements and retirement annuities business to the division.

"We've evolved from just offering variable annuities," Mr. Bushaw says.  "The Retirement Solutions Division is uniquely positioned to offer a spectrum of retirement products designed for both retail and institutional clients.  Our long-term focus will continue to emphasize the development and distribution of retirement and investment products that help protect retirement assets, provide growth opportunities, and create retirement security for investors."

About Pacific Life
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. Pacific Life also counts more than half of the 100 largest U.S. companies as its clients. 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. 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 and mutual funds. 

Variable insurance products and mutual 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.