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Give Clients a Floor without a Ceiling

Protected Investment Benefit1 is an optional benefit available with certain Pacific Life variable annuities. It offers downside protection and unlimited growth potential, a strategy to consider for risk-averse clients looking to pursue growth while minimizing downside risk.

 

Available in New York Only

Three Reasons for Clients to Choose Protected Investment Benefit

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Growth

Unlimited growth potential with equity exposure as high as 80% and a variety of asset-allocation options2 to choose from

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Protection

90% guaranteed protection of first-year purchase payments at the end of 5 years or 100% at the end of 7 years

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Transparency

Locked-in pricing will not increase while in effect; as of 5/1/24, the annual charges are 1.20%

 

Protect your clients' futures.

Let’s connect.

 

 

1Protected Investment Benefit is available with Pacific Choice 2 for an additional cost.

2To elect Protected Investment Benefit, your contract must be allocated according to the investment allocation requirements the Company has in effect, which are subject to change.

3The annual charges as of 5/1/24 apply only to new contracts issued on or after 7/3/23 and do not impact existing riders.

Subject to state and broker/dealer availability.

Investors should carefully consider a variable annuity’s risks, charges, limitations, and expenses, as well as the risks, charges, expenses, and investment goals of the underlying investment options. This and other information about Pacific Life are provided in the product and underlying fund prospectuses. These prospectuses should be read carefully before investing.

The value of the variable investment options will fluctuate so that shares, when redeemed, may be worth more or less than the original cost.

Annuity withdrawals and other distributions of taxable amounts, including death 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 also may apply. Withdrawals will reduce the contract value and the value of the death benefits, and also may reduce the value of any optional benefits.

Not all optional benefits are available at all firms or in all states. Contact your broker/dealer or Pacific Life for more information.

Guarantees, including optional benefits, are subject to the issuing company’s claims-paying ability and financial strength. They do not protect the value of the variable investment options, which are subject to market risk.

Protected Investment Benefit is named "Guaranteed Minimum Accumulation Benefit" in the contract rider.

Purchase payments made after the first contract year will not be protected under the optional benefit. Any additional purchase payments made after the first contract anniversary will increase the contract value and may reduce the benefit provided by the rider.

Not all optional benefits are available at all broker/dealer firms or in all states. Contact your broker/dealer or Pacific Life for more information.

Contract Form Series: 10-2352

Rider Series: 20-2354, 20-2355

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

 

24-156A

VAQ1486WPNY-2401

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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