Withdrawals will reduce the contract value and the value of the death benefits, the Guaranteed Minimum Surrender Value, and also may reduce the value of any optional benefits. For each of their investment terms offered, they provide a guaranteed rate of return that's fixed for the entire term. Partial withdrawals: Withdraw $500 or more at any time. Consider adding a fixed indexed annuity to your retirement strategy today. Withdrawals after 90 days of contract issue if the owner or annuitant has been confined to an accredited facility that provides skilled nursing care and/or. Box 2378 Omaha, NE 68103-2378 W-4P Please review each form carefully. It is not a security and does not participate directly in the stock market or any index, so your money is not invested in the market. Many annuity critics point to complexity as being a major negative for this asset class and Pacific Life doesn't dispel this criticism. It is not a fiduciary and therefore does not give advice or make recommendations regarding insurance or investment products. o Lock in guaranteed interest rates for a term you choose. Q: How do I log in to the website? all states except New York and in New York by Pacific Life & Annuity Company. You may withdraw amounts up to 10% of your purchase payments in the first contract year and 10% of your contract value during the remainder of the withdrawal charge period (based on your contract value from the previous contract anniversary) without a withdrawal charge or market value adjustment (MVA). Non-qualified funds are cash, checking, savings, life insurance cash value, etc. In addition, the “2018 Confidential Sales Survey of Participating Companies” by LIMRA ranks Pacific Life eighth in terms of fixed annuity sales and tenth in terms of variable annuity sales. Required minimum distribution (RMD) withdrawals if calculated by Pacific Life Insurance Company. If interest rates have fallen, the MVA can increase the amount withdrawn, up to a specified maximum. Pacific Life ~ Pacific Index Foundation 10 Review. Want to leave as much to your loved ones as possible by ensuring your Death Benefit Base will grow each year. Fixed index annuities also provide ways to generate lifetime income. Product availability and features may vary by state. all states except New York and in New York by Pacific Life & Annuity Company. One of the benefits of purchasing an annuity contract through Pacific Life is that the company offers low fees, and some products allow consumers to access their funds anytime without withdrawal charges. Not available in California. Because you can never predict the future, you still have the ability to access your money when you need it. Pacific Life describes the Pacific Index Choice 6 fixed indexed annuity as a limited premium, deferred, annuity that offers six different index-linked crediting options, as well as a fixed … The company's 145-year history began in California in 1868. Pacific Life is a product provider. Pacific Explorer is a deferred fixed annuity that guarantees an interest rate through a specific period of time, and the interest grows Required minimum distribution (RMD) withdrawals if calculated by Pacific Life Insurance Company. Some of the resulting transactions may generate a financial or tax impact on your contract. If withdrawals and other distributions are taken prior to age 59½, an additional 10% federal tax may apply. Pacific Index Advisory® An Advisory Fixed Indexed Annuity. Among fixed indexed annuity products, Pacific Index Foundation may be a good choice because its rates and caps do not change throughout the entire length of the initial guaranteed period. Insurance products are issued by Pacific Life Insurance Company in all states except New York and in New York by Pacific Life & Annuity Company. Pacific Life annuities provide a reliable income stream that can give you the peace of mind you need during retirement. Not available in California or Massachusetts. As you plan for retirement, reflect on Pacific Life’s icon, Even for years in which no interest is credited to the contract, the Death Benefit Base will still increase by 2%. Follow Shawn at www.annuityexpertadvice.com and on social media below. And with Pacific Index Foundation, clients can be sure rates and caps will not change throughout the entire withdrawal charge period, a longer guarantee than a typical fixed indexed annuity provides” says Christine Tucker, vice president of marketing for Pacific Life’s Retirement Solutions Division. Pacific Life has been helping clients to grow and protect wealth for roughly 150 years. There is no MVA assessed on withdrawals made after the withdrawal charge period has expired. As a general rule, if interest rates have stayed the same or risen since the contract was issued, the MVA can reduce the amount withdrawn. Many FIAs are more compelling than a plain vanilla fixed annuity. Qualified funds are 401k, IRA, SEP, 403b, TSA, etc. Purchasing an annuity is a big decision. The rate is declared at contract issue and guaranteed to be no less than the minimum stated in your contract. Qualified funds are 401k, IRA, SEP, 403b, TSA, etc. Avoid highlighting forms submitted to Pacific Life. Guaranteed Growth for Your Loved Ones, Regardless of Market Performance. Pacific Life offers a fixed indexed annuity (FIA) with an attractive and rare surrender period of only five years and another FIA that offers more generous terms in an otherwise standard product with a typical 10-year surrender period. This makes some Pacific Life FIAs even more so. Opening Thoughts on the Pacific Life Expedition Fixed Deferred Annuity. You may purchase only one optional benefit with your fixed indexed annuity contract, so consider an Enhanced Death Benefit if you: The optional Interest Enhanced Death Benefit will increase the Death Benefit Base in both up and down markets based on interest earned on the contract plus a 2% roll-up, compounded annually. As a general rule, if interest rates have stayed the same or risen since the contract was issued, the MVA can reduce the amount withdrawn. Feel it’s more important to maximize your financial legacy for your loved ones than to maximize income withdrawals for your own use in retirement. Want to potentially reduce current taxes and increase lifetime income with a qualified longevity annuity contract (QLAC). Shawn’s main focus is on educating both financial professionals and consumers on annuities, insurance, and retirement planning strategies. He has trained financial professionals on annuities and insurance products for over 10 years. » Get Quotes From Pacific Life & Other Annuity Providers. All guarantees are subject to the claims-paying ability and financial strength of the issuing insurance company. Annuities Pacific Life offers a variety of annuities designed to help grow, protect, and manage retirement savings turning it into steady, reliable lifetime income based on your personal preferences and goals. Pacific Life Insurance Company annuity products are not sponsored, endorsed, sold, or promoted by BlackRock. Pacific Index Dimensions is a deferred, fixed indexed annuity that provides safety of principal and growth potential. Variable Annuities. Pacific Index Foundation 7 fixed index annuity is a 7-year retirement plan designed to protect against stock market volatility while safely growing your savings, and offering an option enhanced death benefit for estate planning. Withdrawals after the first contract year (after contract issue in Texas) if the owner or annuitant is diagnosed with a terminal illness and has a life expectancy of 12 months (24 months in Kansas) or fewer. Is Interest Enhanced Death Benefit Right for You? In no event will the MVA cause the withdrawal amount to be less than the Guaranteed Minimum Surrender Value. Partial withdrawals: Withdraw $500 or more at any time. Performance; Fixed Indexed Annuities; Immediate Annuities; Deferred Income Annuities Even for years in which no interest is credited to the contract, the Death Benefit Base will still increase by 2%. Opening Thoughts on the Pacific Life Pacific Index Advisory Fixed Indexed Annuity. Fixed annuities issued by Pacific Life (Newport Beach, CA) are available through licensed, independent third parties. The company works with individuals, families, and businesses – and it provides a long list of financial and insurance products. Many FIAs are more compelling than a plain vanilla fixed annuity. Annuity withdrawals and other distributions of taxable amounts, including death benefit payouts, will be subject to ordinary income tax. Pacific Life Insurance Company (Newport Beach, CA) is licensed to issue products in all states except New York. 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. The Pacific Life Difference. It is not a security and does not participate directly in the stock market or any index, so your money is not invested in the market. Is Interest Enhanced Death Benefit Right for You? Variable and fixed annuity products are … WHY CHOOSE A FIXED INDEXED ANNUITY. Pacific Life Index Dimensions Annuity Brochure, Upside Potential Without The Downside Risk, Stock Market-Based Growth Without Market Risk, Growth Potential With Principal Protection. Throughout the years, this insurer has grown and expanded, both in terms of client base and assets under management. Pacific Explorer is a deferred fixed annuity that guarantees an interest rate through a specific period of time, and the interest grows tax-deferred until you are ready to withdraw the money. Annuity withdrawals and other distributions of taxable amounts, including death benefit payouts, will be subject to ordinary income tax. Pacific Life has been helping clients to grow and protect wealth for nearly a century and a half. Product availability and features may vary by state. Pacific Life offers consumers a great variety of annuity products to choose from. The Pacific Life Index Foundation 5 annuity is a Fixed Indexed annuity designed for growth (not for income withdrawals). Compare and request a quote. It is not a fiduciary and therefore does not give advice or make recommendations regarding insurance or investment products. Performance; Fixed Indexed Annuities; Immediate Annuities; Deferred Income Annuities Agents: (888) 748-6907, skilled nursing care and/or long-term care services. Some FIAs offer optional benefits for an additional cost, which are designed to increase the amount of income you may receive at a future date. Product availability and features may vary by state. Fixed annuities issued by Pacific Life (Newport Beach, CA) are available through licensed, independent third parties. Pacific Life also offers a 7 year and a 10 year version of this annuity. Pacific Life refers to Pacific Life Insurance Company and its affiliates, including Pacific Life & Annuity Company. Features of Variable Annuities. you retire, a Pacific Life fixed indexed annuity can help you go the distance by providing a sustainable source of income and strong guarantees. The MVA is based on a formula designed to respond to interest-rate movements. The Pacific Secure Income® annuity is a fixed, deferred contract that’s fee-free and requires a buy-in payment of no less than $15,000. Pacific Life refers to Pacific Life Insurance Company and its affiliates, including Pacific Life & Annuity Company. For more information:  How Are Annuities Taxed? So buckle up and let's dig in. The fixed annuity program is called Pacific Frontiers. Contract Form Series: 30-1294, ICC14:30-1308, 30-1305NJ (subject to state variations) Pacific Life is a product provider. A: In order to log in to the website, you must enter your username, password, and validate your security token. Withdrawals up to the Lifetime Annual Withdrawal Amount under the selected optional guaranteed minimum withdrawal benefit, if elected. Contract Form Series: ICC10:30-1181, 30-1181OR, 30-1294, ICC14:30-1308, 30-1305NJ, ICC16:30-1503, 30-1503OR, ICC17:30-1700, ICC17:30-1800 (state variations may apply) Rider Series: ICC15:20-1406, 20-1406, ICC15:20-1404, 20-1404, ICC18:20-1507, ICC16:20-1504, 20-1504OR, … It is not a fiduciary and therefore does not give advice or make recommendations regarding insurance or investment products. Don't Just Shop, Implement a Solid Retirement Strategy. You should carefully consider your income needs before you purchase a contract. See the product fact sheet accompanying this brochure for the withdrawal charge schedule, as these vary by state. Pacific Life's fixed annuity is called "Pacific Frontiers II" and is offered for investment terms of 5 to 10 years. If withdrawals and other distributions are taken prior to age 59½, an additional 10% federal tax may apply. 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