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NEWPORT BEACH, Calif .– (COMMERCIAL THREAD) – Recognizing that investors seek both growth and protection, Pacific Life recently launched Invesco® VI Defined income funds, available with certain variable annuities from Pacific Life. These innovative new funds are designed to offer investors the benefits of a Registered Indexed Annuity (RILA) but with more flexibility, control and transparency.
Invesco® VI Defined Income Funds offer market index-linked growth potential, up to a cap, as well as downside protection with a buffer that protects against the first 10% loss over an income period one year. These features are available to customers without the need for an optional benefit at an additional cost.
By offering the funds through a variable annuity, clients have the flexibility to combine this strategy with other investment options to create a personalized portfolio that meets their specific needs. Customers also have the option of entering and exiting Invesco® VI Funds with defined results if these needs change over time.
“We have seen growth in the RILA, low-cost mutual funds and results-oriented exchange-traded funds (ETFs) industry, â€said Kevin Kennedy, senior vice president of sales and chief marketing officer of the Retirement Solutions division of Pacific Life. “By placing these Invesco® funds within our variable annuities, we are one of the first to provide investors with an additional vehicle to achieve the growth and protection they need without sacrificing flexibility.
Invesco® VI defined result funds also offer increased transparency thanks to a tool available on Invesco website. It gives financial professionals and their clients the ability to view the cap, buffer, and time remaining in the earnings period for each fund.
“Invesco offers clients the opportunity to invest for their future with a wide range of investment options, â€said Clint Harris, Head of Wealth Management Platforms for Invesco. “We look forward to partnering with Pacific Life to expand its offering of investment options and help clients achieve their financial goals by delivering personalized strategies designed by Invesco Investment Solutions.
About Pacific Life
For more than 150 years, Pacific Life has helped millions of individuals and families meet their financial needs through a wide range of life insurance, annuity and mutual fund products, and offers a variety of investment products and services for individuals, businesses and pension plans. plans. Whether your goal is to protect your loved ones or to grow your assets for retirement, Pacific Life offers innovative products and services that provide value and financial security for current and future generations. Pacific Life has more than half of America’s 100 largest companies as clients and was named one of the World’s Most Ethical Companies in 2021® by the Ethisphere Institute. For more information about the company, including current financial strength ratings, visit www.PacificLife.com.
Pacific Life means Pacific Life Insurance Company and its affiliates, including Pacific Life & Annuity Company. The number of clients in June 2021 is compiled by Pacific Life using the FORTUNE 500 2021® listing.
Pacific Life is a product supplier. She is not fiduciary and therefore does not give advice or recommendations regarding insurance or investment products.
You should carefully consider the risks, fees, limits and expenses of a variable annuity, as well as the risks, fees, expenses and investment objectives of the underlying investment options. This and other information about Pacific Life is provided in the prospectuses of the underlying products and funds. These prospectuses are available from your financial professional or on PacificLife.com. Read them carefully before investing.
Variable annuities are long-term investments designed for retirement. The value of the variable investment options will fluctuate so that the shares, when redeemed, may be worth more or less than the original cost.
Withdrawals of annuities and other distributions of taxable amounts, including death benefit payments, will be subject to ordinary income tax. For non-qualifying contracts, an additional 3.8% federal tax may apply on net investment income. If withdrawals and other distributions are made before age 59.5, additional federal tax of 10% may apply. Withdrawal fees may also apply. Withdrawals will reduce the value of the contract and the value of death benefits, and may also reduce the value of any optional guarantees.
Invesco Distributors, Inc. is not affiliated with Pacific Life or Pacific Select Distributors, LLC.
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 functionality may vary by state. Each insurance company is solely responsible for the financial obligations arising from the products it issues.
Variable insurance products are distributed by Selected Pacific Distributors, LLC (FINRA & SIPC member), a subsidiary of Pacific Life Insurance Company (Newport Beach, CA) and a subsidiary of Pacific Life & Annuity Company, and are available from authorized third parties.
VAC2349-1021E
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