Pacific Life Expands Variable Investment Options with Mid-Cap Value Portfolio & American Funds® Asset Allocation Portfolio
Business Editors
NEWPORT BEACH, Calif.--(BUSINESS WIRE)--February 18, 2009--Pacific Life recently added two new investment options to its offerings for variable universal life insurance policyowners. The addition of the Mid-Cap Value Portfolio and the American Funds Asset Allocation Portfolio expands the breadth and depth of the investment options lineup and variable life insurance policyowners can now choose from 59 investment options.
American Funds Asset Allocation Portfolio provides access to the global equity and fixed income expertise of American Funds by investing all its assets in the Asset Allocation Fund of the American Funds Insurance Series®. The Asset Allocation Fund is a global balanced fund, blending stocks of all sizes for growth, investment grade and high-yield bonds for income and money market instruments for asset preservation.
The Mid-Cap Value Portfolio, managed by BlackRock, focuses solely on the mid-cap value asset class that can help a policyowner further diversify their portfolio. This investment option uses bottom-up selection of attractively-priced mid-cap companies with an emphasis on broad diversification and proprietary fundamental research.
“We continually look for quality investment options so our variable universal life insurance policyowners can diversify their accumulated value,” explained Joe Miscolta, assistant vice president, portfolio and product merchandising in the company’s Life Insurance Division. “These two new investment options provide more diversification opportunities for our clients.”
Miscolta pointed out that a variable life insurance policy is primarily purchased to provide death benefit protection and owning a policy requires decisions about diversifying net premiums and accumulated value among the product’s variable and fixed investment options.
Insurance professionals can learn more about the new investment options by contacting their Pacific Life representative or by calling 866-722-9555.
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. With more than half of the 100 largest U.S. companies as its clients, 1 Pacific Life is also a member of the Insurance Marketplace Standards Association (IMSA), whose membership promotes high ethical standards for the sale of individual life insurance and annuities. 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. 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. Product and rider 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. Variable insurance products are distributed by Pacific Select Distributors, Inc. (member FINRA & SIPC), a subsidiary of Pacific Life Insurance Company, and are available through licensed third party broker-dealers.
Although some portfolios may have names or investment objectives that resemble retail mutual funds managed by the portfolio manager, these portfolios will not have the same underlying holdings or performance as the retail mutual funds. You should carefully consider a variable life insurance product’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 in the product and underlying fund prospectuses available from your registered representative or by calling (800) 800-7681.Read the prospectuses carefully before investing.
1. Client count data compiled by Pacific Life using the FORTUNE 500® list as of April 2008.
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