Services for Every Step of a Variable Life Insurance Retirement Strategy
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Life Insurance is and always will be a people-oriented business. And people - our policyowners - have been our focus for over 130 years. | | |
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When you purchase a variable universal life insurance policy as part of a retirement strategy, there are many questions to be addressed:
- How should I allocate my premiums among such a variety of investment options?
- Will I be able to easily track my policy values?
- Will it be a simple process to access my policy's accumulated value to supplement my retirement income?
Total Life Care may be the answer.
At Pacific Life, we pride ourselves in being easy to work with before, during, and after the sale. As part of our commitment to you as a policyowner, we offer Total Life Care - a combination of services that can be there for you through every step of your life insurance retirement strategy.
- Portfolio Optimization
- Policyowner Web Site
- Automated Income Option
Portfolio Optimization
This value-added service takes the guesswork out of allocating your premiums. Pacific Life, with Ibbotson Associates, has designed five diverse portfolio models that fit a wide range of risk profiles. By analyzing your answers to a few simple questions, our proprietary software can calculate and recommend the portfolio model that best fits your risk profile.
Policyowner Web Site
At Pacific Life, we want to make owning one of our variable life insurance policies as convenient and as efficient as possible. By logging onto the Policyowner Web site, you can access your policy’s performance information 24 hours a day, 7 days a week, 365 days a year. In addition, this site also gives you the ability to download service forms, view answers to frequently asked questions, and browse a glossary of life insurance terms.
Automated Income Option (AIO)*
At or near retirement, you can apply for our AIO service and authorize Pacific Life to deposit planned policy loans and partial withdrawals directly into your bank account on a regular basis. You can elect to receive either a fixed amount of income for as long as the policy will support it or a maximum amount for a given duration. In addition, we will run an inforce illustration each year that will target your policy’s cash value at maturity or age 100 as appropriate. This annual illustration, which will be sent to both you and your registered representative, can provide you with information to assist you in avoiding a possible policy lapse – giving you the opportunity to make adjustments as needed.
* Available on policies seven years and older with a minimum of $50,000 accumulated value at the time your distributions begin. Policy loans and partial withdrawals may reduce policy values and death benefits.
For complete information about Pacific Life's variable universal life insurance products, including charges, expenses, and limitations, contact your registered representative or Pacific Life for prospectuses. Read the prospectuses carefully before investing or sending money.
Variable insurance products issued by Pacific Life Insurance Company are distributed by Pacific Select Distributors, Inc. (member FINRA & SIPC), a subsidiary of Pacific Life, and are available through licensed third party broker-dealers.
The federal and state income tax laws in this area are complex and subject to change. Neither Pacific Life nor its representatives give legal or tax advice. Consult your attorney or tax advisor for complete up-to-date information concerning federal and state tax laws in this area.
VLCM120-115 9/01 Policy No.'s 88-52, 96-56, 97-56, 0056, 0057, 98-52, 98-52M
Licensed in all states except New York.
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Product availability and features may vary by state.
CWEB-L-112