Pacific Life Introduces an A-share Variable Annuity
To Be Distributed by Edward Jones
Newport Beach, CA (December 30, 2009)-Pacific Life's Annuities & Mutual Funds Division introduces an A-share variable annuity, Pacific Destinations sm, to be made available by Edward Jones Financial Advisors beginning in January 2010. Pacific Destinations is the first variable annuity from Pacific Life available in the Edward Jones system, further enhancing the distribution relationship that began with the launch of life insurance products in November 2009.
Designed for long-term retirement needs, Pacific Destinations offers clients more opportunity for growth through lower fees over the life of the contract and no surrender charges. Fees include an up-front sales charge, and annual expense and administrative fees. Although a withdrawal may reduce clients' guaranteed income and account values, they will never incur a surrender charge on a withdrawal.
Pacific Destinations gives clients access to The Power of Diversification®, which includes four asset allocation categories. Clients also may choose to add Automatic Income Builder-an optional withdrawal benefit for an additional cost-to a Pacific Destinations contract.
"We are excited to recognize our business relationship with Edward Jones," says Chris van Mierlo, Pacific Life's chief marketing officer, Annuities & Mutual Funds Division. "Our companies have many things in common including a strong commitment to providing quality insurance and retirement products that are built on long-term investment strategies."
About Pacific Life
Offering insurance since 1868, 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. With more than half of the 100 largest U.S. companies as its clients, Pacific Life is also a member of the Insurance Marketplace Standards Association (IMSA), whose membership promotes high ethical standards for the sale of individual life insurance and annuities. For additional company information, including current financial strength ratings, visit the About Pacific Life section of this web site.
Pacific Life refers to Pacific Life Insurance Company and its affiliates, including Pacific Life & Annuity Company. Client count as of April 2009 is compiled by Pacific Life using the 2009 FORTUNE 500® list.
Insurance products are issued by Pacific Life Insurance Company in all states except New York and in New York by Pacific Life & Annuity Company. Product availability and features may vary by state. Each company is solely responsible for the financial obligations accruing under the products it issues. Product and rider guarantees are backed by the financial strength and claims-paying ability of the issuing company and do not protect the value of the variable investment options.
Variable annuities issued by Pacific Life Insurance Company are distributed by Pacific Select Distributors, Inc. (member FINRA & SIPC), a subsidiary of Pacific Life, and are available through licensed third-party broker/dealers.
You should carefully consider an investment's risks, charges, limitations, and expenses. This and other information about Pacific Life are provided in the applicable product and underlying fund prospectuses. These prospectuses are available by calling (800) 722-4448. Read them carefully before investing.
Diversification does not ensure a profit and does not protect against loss in declining markets.
About Edward Jones
Edward Jones provides financial services for individual investors in the United States and, through its affiliate, in Canada. Every aspect of the firm's business, from the types of investment options offered to the location of branch offices, is designed to cater to individual investors in the communities in which they live and work. The firm's 12,000-plus Financial Advisors work directly with nearly 7 million clients to understand their personal goals-from college savings to retirement-and create long-term investment solutions that emphasize a well-balanced portfolio and a buy-and-hold strategy. Edward Jones embraces the importance of building long-term, face-to-face relationships with clients, helping them to understand and make sense of the investment options available today. Edward Jones, which ranked No. 2 on FORTUNE magazine's "100 Best Companies to Work for 2009," is headquartered in St. Louis. The Edward Jones interactive Web site is located at www.edwardjones.com, and its recruiting Web site is www.careers.edwardjones.com. Member SIPC.