Pacific Life launches new annuity offerings

Pacific Choice 2 was designed to be more flexible and has choices reflecting customer needs in this economic environment at a cost that may be lower than Pacific Choice.

With Pacific Choice 2, clients only pay for the beneficiary benefits they choose. The return-of-premium death benefit is optional, which creates the opportunity for a lower product cost than Pacific Choice. In addition, clients can choose enhanced beneficiary benefits, giving them more ways to choose the legacy protection options that work best for them. The new variable annuity also has a mortality and expense risk and administrative fee of just 1.10% as well as two breakpoints to provide further reductions in total cost.

Clients who may be hesitant to invest or stay invested, especially in light of recent market ups and downs, may want to consider Pacific Choice 2 with Investment Guard, available for an additional cost. It provides up to 100% equity exposure with the choice of three levels of buffered downside protection.

Highlights of Investment Guard Paired with Pacific Choice 2:

• Unlimited upside potential—no caps
• Reinvestment of dividends included in performance
• 86 rider-eligible investment options (as of 7/18/22)
• Choice of a 10%, 15%, or 20% buffer (depending on the term chosen)
• Choice of a 5-, 7-, or 10-year term

“It’s critical for clients to have choices, especially with something as important as their retirement investments,” said Joe Celentano, executive vice president of Pacific Life’s Retirement Solutions Division. “In these uncertain times of market volatility and inflation, it’s important to address fee drag and costs to help clients get the most out of their investments, while also providing a level of protection they need to stay confidently invested.”

For more information about Pacific Choice 2 and Investment Guard, financial professionals are invited to contact a Pacific Life consultative wholesaler at (800) 722-2333, or visit Annuities.PacificLife.com.

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 2022 World’s Most Ethical Companies® by the Ethisphere Institute. For additional company information, including current financial-strength ratings, visit www.PacificLife.com.