pacific life fixed annuity

A fixed indexed annuity is a long-term contract between you and an insurance company that helps: As you develop your retirement strategy, it’s important to determine how you will protect and grow your assets. As you work with conservative clients who are preparing for retirement or simply need income for life, consider Pacific Life’s suite of fixed annuities. Annuities vary. Required minimum distribution (RMD) withdrawals if calculated by Pacific Life Insurance Company. Annuity withdrawals and other distributions of taxable amounts, including death benefit payouts, will be subject to ordinary income tax. 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. Pacific Life is a product provider. Product availability and features may vary by state. If you make a full withdrawal of your contract value, or upon death or annuitization, you will receive the greater of your contract value minus any applicable withdrawal charges, market value adjustments (MVAs), and optional benefit charges, or the Guaranteed Minimum Surrender Value. PO Box 2829 Additionally, you may take withdrawals without a withdrawal charge or MVA for the following reasons: Withdrawals and contract values annuitized before the end of the withdrawal charge period that are in excess of 10% of the prior anniversary’s contract value (10% of purchase payments in the first year), may be subject to an MVA (in addition to any applicable withdrawal charges) depending on your state. Pacific Life Index Dimensions Annuity Brochure, Upside Potential Without The Downside Risk, Stock Market-Based Growth Without Market Risk, Growth Potential With Principal Protection. Variable Annuities. Pacific Life ~ Pacific Index Foundation 7 Review. Insurance products are issued by Pacific Life Insurance Company in all states except New York and in New York by Pacific Life & Annuity Company. Shawn Plummer is Director of Advanced Annuity and Insurance Sales representing over 50 insurance companies including Fortune Global 500 Corporations. Product availability and features may vary by state. Pacific Life refers to Pacific Life Insurance Company and its affiliates, including Pacific Life & Annuity Company. For the most accurate information, please request info in the Request Quote form. 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. Please inquire about Pacific Life Fixed Annuity Rates. Generate guaranteed lifetime retirement income. Opening Thoughts on the Pacific Life Index Edge Fixed Indexed Annuity. Please inquire about Pacific Life Fixed Annuity Rates. It is not a fiduciary and therefore does not give advice or make recommendations regarding insurance or investment products. Shawn’s main focus is on educating both financial professionals and consumers on annuities, insurance, and retirement planning strategies. Pacific Life refers to Pacific Life Insurance Company and its affiliates, including Pacific Life & Annuity Company. W-4P Please review each form carefully. Contract Form Series: 30-1294, ICC14:30-1308, 30-1305NJ (subject to state variations) Pacific Life is a product provider. Product availability and features may vary by state. Pacific Life Insurance Company annuity products are not sponsored, endorsed, sold, or promoted by BlackRock. A fixed indexed annuity from Pacific Life helps build your assets, protects your principal, and provides you with protected income payments for your entire life. Generate guaranteed lifetime retirement income. Variable and fixed annuity products are … Provide the opportunity for growth based on the movement of an index. Additionally, you may take withdrawals without a withdrawal charge or MVA for the following reasons: Withdrawals and contract values annuitized before the end of the withdrawal charge period that are in excess of 10% of the prior anniversary’s contract value (10% of purchase payments in the first year), may be subject to an MVA (in addition to any applicable withdrawal charges) depending on your state. Pacific Life Insurance Company (Newport Beach, CA) is licensed to issue products in all states except New York. Performance; Fixed Indexed Annuities; Immediate Annuities; Deferred Income Annuities Agents: (888) 748-6907, skilled nursing care and/or long-term care services. 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. Product availability and features may vary by state. Pacific Life has been helping clients to grow and protect wealth for roughly 150 years. If you withdraw money from your annuity before you turn age 59.5, you will receive a penalty of 10% plus ordinary income taxes from the IRS. Not available in California. Pacific Life also offers a 7 year and a 10 year version of this annuity. Pacific Life Insurance Company Imagine what that could mean to your financial future. Fixed annuities offer a powerful combination of: Safety of principal; Growth opportunity; Tax deferral; Lifetime income; Legacy protection It is not a fiduciary and therefore does not give advice or make recommendations regarding insurance or investment products. 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. 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. Withdrawals up to the Lifetime Annual Withdrawal Amount under the selected optional guaranteed minimum withdrawal benefit, if elected. This product can be purchased by anyone that’s at least 22 years old, though its maximum issue age varies by account type: Fixed annuities issued by Pacific Life (Newport Beach, CA) are available through licensed, independent third parties. There is no MVA assessed on withdrawals made after the withdrawal charge period has expired. However, you have the potential to earn interest based on the movement of three offered indexes and a fixed account that provides a guaranteed interest rate. The Pacific Life Index Foundation 7 annuity is a Fixed Indexed annuity designed for growth (not for income withdrawals). However, you have the potential to earn interest based on the movement of three offered indexes and a fixed account that provides a guaranteed interest rate. Pacific Life is a product provider. 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. As you plan for retirement, reflect on Pacific Life’s icon, the humpback whale, which migrates thousands of miles each year to distant feeding grounds for the purpose of sustaining its life. Purchasing an annuity is a big decision. Withdrawals from Roth IRA annuities are tax-free as long as the IRS requirements are met. Withdrawals may begin as soon as 30 days after contract issue and are available through: Withdrawal charges apply only for the withdrawal charge period you select at contract issue, either seven or 10 years (10-year period is not available in California). Begin by entering your username on the login page. This makes some Pacific Life FIAs even more so. PO Box 2829 Growth potential without being invested in the market. 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. In no event will the MVA cause the withdrawal amount to be less than the Guaranteed Minimum Surrender Value. Keeping with the marketplace annuity philosophy, we only included those products that are fully guaranteed with contract terms 100% knowable at purchase. A: In order to log in to the website, you must enter your username, password, and validate your security token. Opening Thoughts on the Pacific Life Expedition Fixed Deferred Annuity. Want to leave as much to your loved ones as possible by ensuring your Death Benefit Base will grow each year. The MVA is based on a formula designed to respond to interest-rate movements. Pacific Life Index Dimensions Annuity may be right for you if you are looking for: Because Pacific Life annuities are tax-deferred, interest will compound without current income tax. See the product fact sheet accompanying this brochure for the withdrawal charge schedule, as these vary by state. Want to leave as much to your loved ones as possible by ensuring your Death Benefit Base will grow each year. Disclaimer*:  Brochures may vary by state. Only the interest you’ve earned will be taxed as ordinary income as you withdraw money. Pacific Index Dimensions may be right for you if you are looking for: Because Pacific Life annuities are tax-deferred, interest will compound without current income tax. Pacific Life has been helping clients to grow and protect wealth for nearly a century and a half. Many FIAs are more compelling than a plain vanilla fixed annuity. Partial withdrawals: Withdraw $500 or more at any time. A withdrawal charge and an MVA also may apply. Pacific Life annuities provide a reliable income stream that can give you the peace of mind you need during retirement. Throughout this time, the company has grown – both in terms of client base as well as via its assets under management. For clients desiring predictability, Pacific Index Advisory offers 100% downside protection and allows client to pursue growth without being directly invested in the market. Pacific Life Insurance Company (Newport Beach, CA) is licensed to issue products in all states except New York. Variable Annuities. Pacific Life Index Dimensions Annuity Brochure, Upside Potential Without The Downside Risk, Stock Market-Based Growth Without Market Risk, Growth Potential With Principal Protection. Guaranteed Growth for Your Loved Ones, Regardless of Market Performance. TD Ameritrad Want to potentially reduce current taxes and increase lifetime income with a qualified longevity annuity contract (QLAC). Throughout the years, this insurer has grown and expanded, both in terms of client base and assets under management. Fixed index annuities also provide ways to generate lifetime income. Product availability and features may vary by state. For each of their investment terms offered, they provide a guaranteed rate of return that's fixed for the entire term. Pacific Life also offers a 5 year and a 7 year version of this annuity. A deferred fixed annuity is a long-term contract between you and an insurance company that helps: o Grow retirement income through the power of tax deferral. 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. Systematic withdrawals: Withdraw at least $500 either monthly, quarterly, semiannually, or annually. Pacific Life has been helping clients to grow and protect wealth for nearly a century and a half. For the most accurate information, please request info in the Request Quote form. The Pacific Life Difference. 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. Pacific Index Dimensions is a 10-year fixed index annuity built for a retirement income and enhancing a death benefit. Pacific Life also offers a 5 year and a 7 year version of this annuity. So buckle up and let's dig in. Product availability and features may vary by state. Fixed annuities issued by Pacific Life (Newport Beach, CA) are available through licensed, independent third parties. 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. 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. W50006-20B. 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 company's 145-year history began in California in 1868. 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. If withdrawals and other distributions are taken prior to age 59½, an additional 10% federal tax may apply. o Convert your assets to guaranteed lifetime retirement income. The company's 145-year history began in California in 1868. Product availability and features may vary by state. Policies can be issued for any amount between $10,000 and $1,000,000. Pacific Life Insurance Company (Newport Beach, CA) is licensed to issue products in all states except New York. Variable and fixed annuity products are available through licensed third parties. There is no MVA assessed on withdrawals made after the withdrawal charge period has expired. Fixed annuities issued by Pacific Life (Newport Beach, CA) are available through licensed, independent third parties. Agents: (888) 748-6907. Pacific Life is a Fortune 500 company and the 10th largest seller of variable annuities. Contract Form Series: ICC10:30-1181, 30-1181OR (subject to state variations) Pacific Life is a product provider. Policies can be issued for any amount between $10,000 and $1,000,000. Not available in California or Massachusetts. Withdrawal Request for Fixed Annuities. It’s rare we don’t find a solution. Consider adding a fixed indexed annuity to your retirement strategy today. Variable and fixed annuity products are … The company has variable, fixed indexed, fixed, immediate, and deferred annuity products. At Pacific Life, one optional benefit you can choose is known as Interest Enhanced Income Benefit 2. Even for years in which no interest is credited to the contract, the Death Benefit Base will still increase by 2%. Pacific Index Advisory® An Advisory Fixed Indexed Annuity. 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. A deferred fixed annuity is a long-term contract between you and an insurance company that helps: o Grow retirement income through the power of tax deferral. The Pacific Expedition annuity offers consumers an interest rate guaranteed for the entire term and a purchase payment guarantee. 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