Pacific Life Annuities: Shopping by Carrier
Pacific Life and Annuity Company offers a variety of annuity plans. Pacific Life annuities are chiefly of the variable type, and the company provides seven different variable annuity plans and only one fixed annuity option. The Pacific Life annuities are the Pacific Innovations Select, Pacific Value, Pacific Voyage, Pacific Value Edge, Pacific One Select, Pacific Journey, and Pacific Odyssey plans. These are variable annuities. The fixed annuity program is called Pacific Frontiers.
Features of Variable Annuities
In a variable annuity plan, you select the most appropriate investment options for your own unique needs. Then your money is placed into professionally managed investment portfolios so that the value of the annuity will increase over the years, tax-free. No taxes are paid on the funds until earnings are withdrawn. A variable annuity can be structured to provide a regular stream of income payments for an entire lifetime.
Example of a Pacific Life Variable Annuity Plan
Pacific Innovations Select is an individual flexible premium deferred variable annuity plan. You can select from a variety of investment options, and the performance of these investments impacts the value of the annuity plan during its accumulation phase. A minimum investment of $10,000 is required for a non-qualified contract and a minimum of $2,000 for a qualified contract. Additional investments must total at least $250 for the non-qualified and $50 for the qualified plan.
Fixed Annuity Features
A fixed annuity plan is designed for long-term investing and is appropriate for those who want a guaranteed, fixed interest rate without risking any of the principal investment amount. Fixed annuities let Pacific Life invest your money in low-risk assets that will provide guaranteed returns that have generally been higher than those received from other investment products, such as Certificates of Deposit.
Don't Just Shop, Implement a Solid Retirement Strategy
Purchasing an annuity is a big decision. Online research is a good start, but prudent investors should discuss all their options and risks with an independent financial advisor. Request a free, no-obligation consultation today, along with a report of current rates on brand-name annuities.Speak with an advisor over the phone about annuities for FREE.
Develop a Retirement Strategy
When considering a Pacific Life annuity, you should investigate the array of investment options available. The variable annuity plans from Pacific Life feature investments such as small-cap growth, international value, equity index, diversified research, American growth income funds, multi-strategy, emerging markets, and inflation managed portfolios, among many others. These options provide for current income, long-term income, long-term capital growth, and maximized total returns, depending on the mix of investments chosen. When you are devising your retirement strategy, review your financial circumstances periodically and monitor your current investments to ensure they are responsive to changing conditions. Consulting a financial professional is highly recommended before choosing any annuity plan.
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