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Pacific Life launches new annuity offerings
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New variable annuity and living benefits provide income flexibility and the certainty of a simple- interest credit and protected lifetime income
NEWPORT BEACH, Calif. – Jan. 19, 2021 Pacific Life launched Pacific Choice® Income, a new variable annuity with two living benefits Enhanced Income Select 2 and Future Income Generator. Designed to help consumers grow and protect their retirement income, this new offering provides the flexibility to withdraw income when clients need it most. For clients who are planning an active retirement and want to maximize their income with flexibility, Enhanced Income Select 2 offers higher withdrawals early in retirement, the flexibility to start and stop withdrawals, and an income rollover feature that allows them to carry over remaining unused amounts into the next contract year’s withdrawal.