Pacific Value Edge Awards Immediate Bonus to Investors |
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Written by U.S. Insurance News
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Monday, 19 May 2008 |
Pacific Life Insurance Company wants to give investors a big edge as they save for retirement.
The company’s new bonus variable annuity, Pacific Value Edge, provides clients with an immediate credit of either 6 or 8 percent, depending on the amount of the initial investment. Investments under $100,000 earn a 6 percent credit, and those of $100,000 and above earn an 8 percent credit.
The credit can especially help those who are lagging behind in saving for retirement and have less than 10 years until they need retirement income.
Kathleen McWard, vice president of marketing in Pacific Life’s Annuities & Mutual Funds Division, points out that the product’s built-in bonus provides an immediate distinction between itself and competing products.
“What other investment can turn $100,000 into $108,000 in one day and offer options that can provide principal protection and lifetime withdrawals?” McWard said.
Investors who purchase Pacific Value Edge can create their own portfolio from a lineup of money managers. They may choose between a strategic asset allocation service, Portfolio Optimization, or allocating among three new Asset Allocation Strategies: BlackRock’s Global Allocation V.I. Fund, Franklin Templeton’s VIP Founding Funds, and AllianceBernstein’s VPS Balanced Wealth Strategy.
With the election of Portfolio Optimization or the new Asset Allocation Strategies, investors can choose from optional benefits designed to keep their investments and income safe for the future. All can be chosen at contract issue or on the anniversary date and are available for a fee.
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