Managing Market Volatility: New Life Insurance Product from Pacific Life Can Help Stabilize Long-Term Wealth Plans
Personal Finance Writers/Business Editors/Insurance Writers
NEWPORT BEACH, Calif.--(BUSINESS WIRE)--December 9, 2008--While finances are taking a beating, now may be the right time to get serious about either updating or putting an estate planning strategy in place. Without the sufficient planning or liquidity in an estate, heirs may be forced to sell the estate’s assets at a depressed value – a reality of today’s real estate and equities markets. Pacific Select Estate Preserver VI, 1 a new survivor variable life insurance policy from Pacific Life Insurance Company, has features to help policyowners weather market volatility while the death benefit proceeds can provide needed liquidity to address the challenges of estate planning. 2
In today’s environment, Pacific Select Estate Preserver VI’s noteworthy features include:
No lapse protection (up to 25 years depending on the age of the younger insured) to help ride out volatility in early policy years through the Short-Term No Lapse Guarantee Rider. 3
Automatic rebalancing to maintain diversification and help instill a buy/sell discipline.
Two fixed account options that can be used for policy charge deductions so more volatile investment options can stay invested.
Estate Preservation Rider 4 which doubles the death benefit if both insureds die in the first four policy years.
Enhanced Split Policy Option Rider 5 which allows the policy owner to split the policy into two single-life policies without medical underwriting if the federal estate tax laws change.
“We are at a crossroads today. The market is volatile and the 2010 estate tax sunset is on the horizon. Clients need tools to help with volatility and the flexibility they need to respond to whatever happens to the federal estate tax," explained Alyce Peterson, vice president of marketing services for the Life Insurance Division of Pacific Life Insurance Company.
To learn more about Pacific Select Estate Preserver VI, contact your financial service professional. Financial professionals can get more information by contacting their Pacific Life Insurance Company 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, 6 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.
1. Policy Form #P08SP6
2. This material is not intended to be used, nor can it be used by any taxpayer, for the purpose of avoiding U.S. federal, state or local tax penalties. This material is written to support the promotion or marketing of the transaction(s) or matter(s) addressed by this material. Pacific Life Insurance Company, its distributors and their 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.
3. Short-Term No Lapse Guarantee Rider (Form #R02NL5). Riders will likely incur additional charges and are subject to state availability, restrictions and limitations. When considering a rider, request a policy illustration from your insurance professional to see the rider’s impact on your policy’s values. Limitations and restrictions apply.
4. Estate Preservation Rider (Form #R07EPR) Riders will likely incur additional charges and are subject to state availability, restrictions and limitations. When considering a rider, request a policy illustration from your insurance professional to see the rider’s impact on your policy’s values. Limitations and restrictions apply.
5. Enhanced Split Policy Option Rider (Form #R03ESO).) Riders will likely incur additional charges and are subject to state availability, restrictions and limitations. When considering a rider, request a policy illustration from your insurance professional to see the rider’s impact on your policy’s values. Limitations and restrictions apply.
6. Client count data compiled by Pacific Life using the FORTUNE 500® list as of April 2008.
Pacific Life Insurance Company is licensed to issue individual life insurance and annuity products in all states except New York. Product availability and features may vary by state. Product and rider guarantees are backed by the financial strength and claims-paying ability of Pacific Life Insurance Company. Non-guaranteed elements are not guaranteed by definition. As such, Pacific Life Insurance Company reserves the right to change or modify any non-guaranteed element. This right to change non-guaranteed elements is not limited to a specific time or reason.
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. For more detailed information about Pacific Life’s variable life insurance products and the underlying funds, including charges, expenses and limitations, contact your registered representative or call Pacific Life at (800) 800-7681 for current product and underlying funds prospectuses. Read the prospectuses carefully before investing or sending money.
Pacific Life Insurance Company's individual life insurance products are marketed exclusively through independent third-party producers which may include bank-affiliated entities.
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