Pacific Life Insurance Company has just announced the latest in their fixed indexed annuity line-up. Pacific Index FoundationSM will replace its flagship fixed indexed annuity, Pacific Index Choice, but will offer the same longer guarantees with rates and caps guaranteed for the entire withdrawal charge period. Additionally, the new product will offer straightforward, easy-to-understand ways to earn interest and shorter withdrawal charge periods, according to a recent press release.
“The nearer clients are to retirement, the less they can afford to lose principal when markets decline. Fixed indexed annuities are popular today because they offer growth potential without being invested in the market,” said Christine Tucker, vice president of marketing for Pacific Life’s Retirement Solutions Division. “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. Both financial professionals and clients told us they wanted more, including shorter withdrawal charge periods and easier-to-understand features. Those are the foundations upon which Pacific Index Foundation was developed, and we feel it’s one of the most competitive products in the market today.”
A choice of two optional benefits are also available with Pacific Index Foundation: one for guaranteed lifetime income, and the other for enhancing the financial legacy they leave to beneficiaries.
“Pacific Index Foundation is an appealing choice for retirement savers who remember the market downturns of a few years ago, are conservative, and yet want a bit more growth potential than other options might provide,” Tucker added.
For more information about Pacific Index Foundation, financial professionals can call a Pacific Life consultative wholesaler at (800) 722-2333 or visit www.PacificLife.com. For more information on annuities and how they can fit into your retirement portfolio, visit annuityfyi.com.
Written by Rachel Summit