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Pacific Life Launches Advisory Annuities through DPL Financial Partners
The launch continues Pacific Life’s expansion into the independent registered investment adviser market.
NEWPORT BEACH, Calif. – March 31, 2020 – Pacific Life announced today that the company’s two fee-based, advisory annuities, Pacific Odyssey® and Pacific Index Advisory®, are now available through DPL Financial Partners insurance network for independent registered investment advisers (RIAs).
“With recent market volatility, we know that RIAs are looking for strategies to deliver protection and lifetime income options as their clients transition from wealth accumulation to distribution,” said Doug Mantelli, vice president of RIA Strategy at Pacific Life. “Pacific Life is excited to work with DPL to expand access to our products and solutions to RIAs.”
With a membership model that streamlines access to commission-free insurance and annuities, DPL’s turnkey insurance platform enables RIAs and fee-only advisers to easily compare and implement solutions into their holistic planning process.
“As we continue to bring commission-free products from top carriers to the RIA market, we are thrilled to offer Pacific Life’s no-load annuities to DPL members,” said DPL Founder and CEO David Lau. “In these challenging markets, the value of annuities for secure income becomes increasingly apparent.”
Pacific Odyssey, Pacific Life’s fee-based, advisory variable annuity, offers individuals the ability to grow retirement savings through tax deferral, convert assets to lifetime retirement income, and leave a financial legacy through a guaranteed death benefit. RIAs can build a diversified portfolio that meets their clients’ needs and manages their investment strategies by transferring among a diverse selection of investment options.
Pacific Index Advisory, a fee-based, fixed indexed annuity, is designed for clients who want to protect principal while giving them the opportunity to grow contract value through market-based interest crediting. Clients will never lose principal due to market performance as this product is not a security, and their money is not directly invested in the market. Plus, any interest earned because of positive index performance is added to the contract value and protected from any future market downturns. In addition, the rates and caps for Pacific Index Advisory do not change throughout the entire length of the initial guaranteed period.
DPL Financial Partners and Pacific Life are separate, unaffiliated firms that are not responsible for each other’s services or policies.
About Pacific Life
For more than 150 years, Pacific Life has helped millions of individuals and families with their financial needs through 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. Whether your goal is to protect loved ones or grow your assets for retirement, Pacific Life offers innovative products and services that provide value and financial security for current and future generations. Pacific Life counts more than half of the 100 largest U.S. companies as its clients and has been named one of the 2020 World’s Most Ethical Companies® by the Ethisphere Institute. For additional company information, including current financial-strength ratings, visit www.PacificLife.com.
Client count as of June 2019 is compiled by Pacific Life using the 2019 FORTUNE 500® list.
Guarantees are subject to the claims-paying ability and financial strength of the issuing insurance company.
Pacific Life, its distributors, and respective representatives do not provide tax, accounting, or legal advice. Any taxpayer should seek advice based on the taxpayer's particular circumstances from an independent tax advisor or attorney.
Pacific Life is a product provider. It is not a fiduciary and therefore does not give advice or make recommendations regarding insurance or investment products.
You should carefully consider a variable annuity’s risks, charges, limitations, and expenses, as well as the risks, charges, expenses, and investment goals 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 professional or at www.PacificLife.com. Read them carefully before investing.
Under current law, a nonqualified annuity that is owned by an individual is generally entitled to tax deferral. IRAs and qualified plans—such as 401(k)s and 403(b)s—are already tax‑deferred. Therefore, a deferred annuity should be used only to fund an IRA or qualified plan to benefit from the annuity’s features other than tax deferral. These features include lifetime income, death benefit options. and the ability to transfer among investment options without sales or withdrawal charges.
Variable annuities are long-term investments designed for retirement. The value of the variable investment options will fluctuate so that shares, when redeemed, may be worth more or less than the original cost.
Pacific Index Advisory is not available in New York.
Pacific Life refers to Pacific Life Insurance Company and its affiliates, including Pacific Life & Annuity Company. 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 insurance company is solely responsible for the financial obligations accruing under the products it issues.
Variable insurance products are distributed by Pacific Select Distributors, LLC (member FINRA & SIPC), a subsidiary of Pacific Life Insurance Company (Newport Beach, CA) and an affiliate of Pacific Life & Annuity Company. Variable and fixed annuity products are available through licensed third parties.
About DPL Financial Partners
DPL Financial Partners is the turnkey insurance management platform that brings commission-free solutions from a variety of the nation's top carriers to RIA practices. DPL has created a marketplace of no-load products that enables RIAs to incorporate insurance and annuities into their practice to more holistically serve their clients. Clients may benefit from products with improved pricing and fiduciary implementation. www.dplfp.com
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