Policy options to supplement your income.
Have policy distributions automatically deposited to your bank account.
The Automated Income Option (AIO):
If you decide to supplement your retirement income with loans and withdrawals from your life insurance policy from Pacific Life, you can apply for our AIO service. It’s convenient, flexible and gives you the freedom that comes with knowing your supplemental income is in your account whether you’re traveling the world or enjoying a peaceful retirement at home with family and friends.
When you use AIO*, you authorize Pacific Life to automatically deposit your policy loan and withdrawal checks directly into your bank account on a regular basis. The service is simple. You can request either a fixed amount or an amount based on a fixed duration. Your policy loans or partial withdrawals will be calculated for you after every policy anniversary.
Pacific Life helps you determine the policy distribution amount/duration by generating an in-force illustration, using hypothetical rate of returns and a cash value target at maturity. Actual policy performance or performance of the investment options can affect your policy distribution amount/duration.
*Applicable rules and exceptions apply. Talk with your life insurance producer.