Pacific Life Introduces Pacific Indexed Accumulator III with Three Accounts
Newport Beach, Calif. (February 28, 2008) – Long term interest rates remain low and the volatility of the equities market can be an unsettling ride for some life insurance buyers. That is why Pacific Life Insurance Company is introducing Pacific Indexed Accumulator III1, a new indexed universal life insurance product that combines death benefit coverage with greater upside potential than traditional universal life insurance because the product’s credited interest is based in part on the positive performance of the S&P 5002 (excluding dividends).
According to Alyce Peterson, vice president of marketing services for the company’s Life Insurance Division, Pacific Indexed Accumulator III is the first indexed universal life product to feature:
- A 5 Year Indexed Account with 100% guaranteed participation, no current growth cap plus a 1% annual minimum guarantee.
- Three account options including a 1 Year Indexed Account and a Fixed Account so you can tailor the growth strategy of your policy’s accumulated cash value.
“Pacific Index Accumulator III appeals to life insurance buyers who are attracted to the upside potential of the equities market but are not comfortable with the risk of negative returns,” explained Peterson. “This life insurance policy provides some upside potential without direct participation plus downside guarantees.”
Other key features include:
- More freedom to move a policy’s accumulated value between the three accounts3
- Point to last year average crediting in the 5 Year Index Account
- 100% participation rate guaranteed on the 1 Year and 5 Year Indexed Accounts
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.4 Pacific Life counts more than half of the 50 largest U.S. companies as clients5 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 Policy Form No. P08PI3
2 Standard & Poors 500 Index excluding dividends. The S&P 500 (Standard & Poor's 500® Composite Stock Price Index) is composed of 500 common stocks representing major U.S. industry sectors. “Standard & Poor’s,”® “S&P,”® “S&P 500,”® “Standard & Poor’s 500,” and “500” are trademarks of The McGraw-Hill Companies, Inc. and have been licensed for use by Pacific Life Insurance Company and Pacific Life & Annuity Company. The product is not sponsored, endorsed, sold or promoted by Standard & Poor’s and Standard & Poor’s makes no representation regarding the advisability of purchasing the product.
3 Subject to transfer limits
4 Product features and availability vary by state.
5 Data compiled by Pacific Life using the FORTUNE 500® list as of April 2007
Pacific Life Insurance Company is licensed to issue individual life insurance and annuity products in all states except New York. Product and rider guarantees are backed by the financial strength and claims-paying ability of Pacific Life.
Pacific Life Insurance Company’s individual life insurance products are marketed exclusively through independent third-party producers, which may include bank affiliated entities.