||For Immediate Release|
Pacific Life Adds Fidelity and First Trust
to Variable Annuity Investment Lineup
Newport Beach, Calif. (May 16, 2012)-Pacific Life Insurance Company is now offering two additional investment options within its variable annuity products. Managed by Fidelity Management & Research LLC and First Trust Advisors L.P., respectively, these new options are:
Fidelity VIP FundsManager® 60%, an actively managed fund-of-funds, has the ability to allocate among more than 200 Fidelity retail and institutional funds, comprising an extensive array of asset classes, styles, and sectors. These include emerging markets debt and equities, high-yield debt, floating-rate loans, Treasury Inflation-Protected Securities (TIPS), real estate, and commodities.
First Trust/Dow Jones Dividend & Income Allocation Portfolio is based on First Trust's successful Capital and Dividend Strength unit investment trust portfolios. The fund applies a quantitative investment approach in which managers use complex mathematical models to identify market trends and opportunities in the early stages. The models also help maintain a high degree of discipline in making decisions and executing investment strategies.
"Active asset allocation management from Fidelity, using the company's widely known funds-and quantitative investing through a highly respected manager like First Trust-are both appealing to clients who want to construct an effective long-term asset allocation strategy," says Christine Tucker, vice president of Marketing, Pacific Life's Retirement Solutions Division.
Each new investment option offers what many of today's investors are looking for: a turnkey approach to asset allocation from a highly respected, brand-name investment manager. They're also ideal complements to the 50 other individual investment options now offered through Pacific Life's variable annuities. Variable annuities are long-term investments designed for retirement. It's the only investment that provides lifetime income options, a guaranteed death benefit to protect beneficiaries, and the ability to transfer among investment options tax-free.
For more information on these new options, visit the company's website at www.PacificLife.com.
About Fidelity Management & Research LLC
Fidelity Management & Research LLC is among the most diversified financial services companies in the world, with $1.5 trillion in managed assets. The company offers a full range of product solutions for individual investors, employers, institutions, and intermediaries. Fidelity's fundamental mission is to help customers and clients achieve their financial objectives.
About First Trust Advisors L.P.
First Trust Advisors L.P. and its affiliate, First Trust Portfolios L.P., were established in 1991 with a mission to offer investors a better way to invest. First Trust Advisors (FTA) is an independently owned, registered investment adviser. It is a long-term, strategic advisor that specializes in the management or supervision of several types of investments, including variable annuity subaccounts, managed accounts, exchange-traded funds, and unit investment trusts. FTA uses a quantitative approach to security selection and utilizes world-class firms such as Dow Jones in several of its investment strategies.
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.
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 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.
You should carefully consider a variable annuity'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 financial advisor or by calling (800) 722-4448 or (800) 748-6907 in New York. Read them carefully before investing.
A fund-of-funds is exposed to the same risks as the underlying funds in direct proportion to the allocation of assets among those funds.
Variable insurance products, as well as shares of the Pacific Select Fund, are distributed by Pacific Select Distributors, Inc. (member FINRA & SIPC), a subsidiary of Pacific Life Insurance Company and an affiliate of Pacific Life & Annuity Company (Newport Beach, CA), and are available through licensed third-party broker/dealers.
Fidelity Distributors Corporation, First Trust Portfolios L.P., and the products each distributes are not affiliated with Pacific Life or Pacific Select Distributors, Inc.