||For Immediate Release|
A New Deferred, Fixed Indexed Annuity
Makes Choice the Key to Helping Meet Client Needs
Pacific Index ChoiceSM is the latest addition to Pacific Life's annuity product line
Newport Beach, Calif. (February 22, 2012) - The lessons of today's unpredictable markets have led many retirees and pre-retirees to seek sources of income they can feel confident in, where principal is safe and where there's an option of a guaranteed lifetime income stream. Traditional fixed annuities fit the bill. But along with safety of principal, some clients also want the opportunity for greater growth than a traditional fixed annuity normally provides.
That's the idea behind Pacific Index Choice, a recently introduced deferred, fixed indexed annuity from Pacific Life. The key to the product's ability to provide both safety of principal and growth potential tailored to a client's preferences is in the product's name: "Choice." Clients have several ways to structure their contracts to suit their personal preferences for how they would like their contracts to potentially grow.
First and foremost among those choices is the ability to allocate purchase payments among seven options for earning interest: the Fixed Account Option, which earns a guaranteed interest rate for a specific period of time, and six Index-Linked Options, which earn interest based on any positive movement of an index. Clients can select either the S&P 500® index, which focuses on U.S. markets, or the MSCI All Country World Index (ACWI®), which focuses on 45 developed and emerging markets.
The Index-Linked Options also offer a choice of three crediting methods, giving clients the ability to decide how their accounts earn interest. The choices include having interest credited at the end of each one or two contract years-where the interest rate is equal to the index return, subject to a cap. Or the client can choose to have interest credited at the end of each contract year-where the interest rate is fixed and guaranteed throughout one of three initial guaranteed periods (six, eight or 10 years) chosen by the client.
To learn more about Pacific Index Choice, visit the Pacific Life website at www.PacificLife.com.
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 counts more than half of the 100 largest U.S. companies as its clients. For additional company information, including current financial strength ratings, visit Pacific Life online at www.PacificLife.com.
Pacific Life refers to Pacific Life Insurance Company and its affiliates, including Pacific Life & Annuity Company. Client count as of May 2011 is compiled by Pacific Life using the 2011 FORTUNE 500® list.
The Product and its MSCI ACWI® Index-Linked Options referred to herein are not sponsored, endorsed, or promoted by MSCI, and MSCI bears no liability with respect to any such Products or any index on which such Products are based. The Policy Contract contains a more detailed description of the limited relationship MSCI has with Pacific Life Insurance Company and any related products.
"S&P®," "STANDARD & POOR'S®," and "S&P 500®" are trademarks of Standard & Poor's Financial Services LLC and have been licensed for use by Pacific Life Insurance Company. The Product is not sponsored, endorsed, sold, or promoted by Standard & Poor's, and Standard & Poor's does not make any representation regarding the advisability of investing in the Product.
The indexes are unmanaged and not available for direct investment, and index performance does not include the reinvestment of dividends.
No guarantee rate will be less than the minimum guaranteed rate stated in the contract. Pacific Life determines, at its discretion, annual interest rates in excess of the stated minimum guarantee in the contract.
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. Insurance product and rider guarantees are backed by the financial strength and claims-paying ability of the issuing company. Pacific Index Choice is not available in New York.
Fixed annuities issued by Pacific Life are available through licensed, independent third parties.