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    Enhanced Lifetime Income Benefit 3

    Reliable Lifetime Income—No Matter How the Market Performs

    For clients who need protected income for life1 and reliable growth regardless of market performance, consider Enhanced Lifetime Income Benefit 3, an optional living benefit available for an additional cost with Pacific Index Foundation fixed indexed annuity.

     

    Ready to lock in some certainty to clients' portfolios?

    Reach out today.

     

     

    Enhanced Lifetime Income Benefit 3 Offers Features Designed for Conservative Clients

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    Reliable Growth

    8% growth through an Annual Credit for up to 10 years—even if the contract does not earn any interest2

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    Maximized Income

    Protected lifetime income as high as 7.00%3

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    More Opportunity

    The income amount can be increased each year by locking in earned interest thorugh the reset feature4

    Locking In Reliable Income May Create Portfolio Management Opportunities

    Knowing that a portion of their money will provide protected lifetime income may encourage clients to feel more comfortable. This could allow you to help manage the rest of their portfolios in a way that could offer more opportunities.

    See how a Pacific Index Foundation fixed indexed annuity with Enhanced Lifetime Income Benefit 3 can play a role in your clients' portfolios.

    FAP2948-0223H

    1Lifetime withdrawals begin at age 59½.

    2On each contract anniversary, the Annual Credit will be added to the Protected Payment Base for 10 years, unless a withdrawal or reset occurs. This credit is not added to the contract value and is not a rate of return.

    3Lifetime annual withdrawal percentages may be lower based on the age when the first withdrawal is taken and whether or not the Single Life or Joint Life version is chosen.

    4A reset can be automatic or owner-elected. For additional information, please see the Enhanced Lifetime Income Benefit 3 client guide or refer to the Pacific Index Foundation contract summary.

    All guarantees are subject to the claims-paying ability and financial strength of the issuing insurance company.

    Pacific Index Foundation is not available in New York.

    Pacific Index Foundation is not a security and does not participate directly in the stock market or any index, so it is not an investment. 

    Annuity withdrawals and other distributions of taxable amounts, including beneficiary benefit payouts, will be subject to ordinary income tax. For nonqualified contracts, an additional 3.8% federal tax may apply on net investment income. If withdrawals and other distributions are taken prior to age 59½, an additional 10% federal income tax may apply. A withdrawal charge and a market value adjustment (MVA) also may apply. Withdrawals will reduce the contract value and the value of the beneficiary benefit, and also may reduce the value of any optional benefits. 

    Guaranteed Minimum Withdrawal Benefit (GMWB) withdrawals are not annuity payouts. Annuity payouts generally receive a more favorable tax treatment than other withdrawals. The GMWB rider does not guarantee a rate of return or growth rate.

    Pacific Index Foundation is named “Limited Premium Deferred Fixed Annuity Contract with Index-Linked Interest Options” in the contract. Enhanced Lifetime Income Benefit 3 is named, “Guaranteed Withdrawal Benefit XVIII Rider—Single Life” or “Guaranteed Withdrawal Benefit XVIII Rider—Joint Life” in the contract rider.

    Contract Form Series: ICC17:30-1800

    Rider Series: ICC17:20-1805, ICC17:20-1806

    State variations to contract form series and rider series may apply.

    Pacific Life, its distributors, and respective representatives do not provide tax, accounting, or legal advice. Any taxpayer should seek advice based on the taxpayer's particular circumstances from an independent tax advisor or attorney.

    Pacific Life is a product provider. It is not a fiduciary and therefore does not give advice or make recommendations regarding insurance or investment products.

    Unless otherwise noted, all aforementioned money managers, their distributors, and affiliates are unaffiliated with Pacific Life and Pacific Select Distributors, LLC.

    Pacific Life refers to Pacific Life Insurance Company and its subsidiary Pacific Life & Annuity Company. Insurance products can be issued in all states, except New York, by Pacific Life Insurance Company and in all states by Pacific Life & Annuity Company. Product/material availability and features may vary by state. Each insurance company is solely responsible for the financial obligations accruing under the products it issues. 

    Variable insurance products are distributed by Pacific Select Distributors, LLC (member FINRA & SIPC), a subsidiary of Pacific Life Insurance Company and an affiliate of Pacific Life & Annuity Company. 

    The home office for Pacific Life & Annuity Company is located in Phoenix, Arizona. The home office for Pacific Life Insurance Company is located in Omaha, Nebraska.

    No bank guarantee • Not a deposit • Not FDIC/NCUA insured • May lose value • Not insured by any federal government agency

    For financial professional use only. Not for use with the public.

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