Pacific Life Company provides its customers with services in annuities, college savings,
life insurance, mutual funds, and other products. It also provides
financial planning and educational information to its customers. Products include:
1) Fixed Annuity: A fixed annuity provides defined growth of principal and interest, free from taxes until money is withdrawn. Fixed annuities generally guarantee a fixed amount of interest for several years; others guarantee rates from one to three years, and renew at the option of the
insurance company.
2) Variable Annuity: Variable annuities are designed for people willing to take more risk with their money in exchange for greater growth potential. While there is more risk associated with a variable annuity, many variable annuities offer guarantees of principal and downside protection at an additional cost (depending on contract rider availability).
3) Universal Life: Universal life insurance offers policy owners the flexibility to choose both the amount of insurance and the premium to be paid with a range of potential premiums.
4) Term Life Insurance: Term life policies pay only a
death benefit and build no cash values. The coverage lasts only as long as the policy stipulates (e.g., 5, 10, 15, or 20 years).
5) Variable Universal Life Insurance: VULI pays a death benefit to the named
beneficiary and provides premium and face amount flexibility while giving the client more control of the tax-deferred cash value account. Customers direct the investment of the cash value account in investments such as money market, stock, and
bond funds.
6) Mutual Funds: When a client selects this option, he/she is essentially buying a small amount of each investment in the fund's portfolio, and is counting on the company that creates the fund to investigate industries to invest in based on the fund's investment strategy and decide which ones to invest in.
| Pacific Life Product Reviews |
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| General Information |
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| Website | http://www.pacificlife.com |
| Type | Insurance Company |
| Founded | 1868 |
| Ownership | |
| Country | USA |
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