Pacific Life has expanded its distribution network with the launch of a new fixed indexed annuity to independent insurance agents and agencies.
The newly introduced product, Pacific Index Dimensions(SM), is available exclusively to agents and agencies that contract with the company through its Pacific Life Producer Alliance Program.
"Independent agents have told us that annuities from strong, well-known providers are particularly appealing to clients," says Christine Tucker, vice president of marketing for Pacific Life’s Retirement Solutions Division.
"Pacific Index Dimensions is a new opportunity to offer such a product and is designed with features the independent insurance professional will find valuable."
Agents contracted through the Pacific Life Producer Alliance Program have access to the company’s extensive wholesaler support, as well as dedicated service from a company that has won numerous awards from DALBAR1 for excellence in financial professional service and service to clients.
Pacific Index Dimensions includes features that distinguish the product from other fixed annuities, such as:
Simplicity and transparency through index-linked crediting options that are based on two well-known indexes: the Standard & Poor’s 500 and the MSCI EAFE.
A highly competitive seven-year surrender charge schedule.
An Enhanced Participation Rate option that provides an alternative crediting method to capped interest or traditional fixed-interest-rate crediting methods.
Optional Guaranteed Minimum Withdrawal Benefit for lifetime income without giving up control of the asset.
Pacific Life provides a wide range of life insurance products, annuities, and mutual funds, and offers a variety of investment products and services to individuals, businesses, and pension plans.