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pacific life fixed annuity

The MVA is based on a formula designed to respond to interest-rate movements. Shawn Plummer is Director of Advanced Annuity and Insurance Sales representing over 50 insurance companies including Fortune Global 500 Corporations. If you withdraw money from your annuity before you turn age 59.5, you will receive a penalty of 10% plus ordinary income taxes from the IRS. Want predictable income starting in the future so they may more effectively manage their portfolio. Fixed index annuities also provide ways to generate lifetime income. At Pacific Life, we will continue to be here for you during uncertain times and beyond. Contract Form Series: 30-1294, ICC14:30-1308, 30-1305NJ (subject to state variations) Pacific Life is a product provider. Pacific Life Index Dimensions 10 is a deferred, fixed indexed annuity that provides safety of principal and growth potential. Policies can be issued for any amount between $10,000 and $1,000,000. Withdrawals will reduce the contract value and the value of the death benefits, the Guaranteed Minimum Surrender Value, and also may reduce the value of any optional benefits. If withdrawals and other distributions are taken prior to age 59½, an additional 10% federal tax may apply. For more information:  How Are Annuities Taxed? The rate is declared at contract issue and guaranteed to be no less than the minimum stated in your contract. Systematic withdrawals: Withdraw at least $500 either monthly, quarterly, semiannually, or annually. Only the interest you’ve earned will be taxed as ordinary income as you withdraw money. Not available in California or Massachusetts. PO Box 2829 Systematic withdrawals: Withdraw at least $500 either monthly, quarterly, semiannually, or annually. Omaha, Nebraska 68103-6907 If you withdraw money from your annuity before you turn age 59.5, you will receive a penalty of 10% plus ordinary income taxes from the IRS. As you plan for retirement, reflect on Pacific Life’s icon, This product can be purchased by anyone that’s at least 22 years old, though its maximum issue age varies by account type: It is not a fiduciary and therefore does not give advice or make recommendations regarding insurance or investment products. Pacific Life is a product provider. Pacific Life ~ Pacific Index Foundation 10 Review. You should carefully consider your income needs before you purchase a contract. Pacific Life has been helping clients to grow and protect wealth for nearly a century and a half. Throughout this time, the company has grown – both in terms of client base as well as via its assets under management. Growth potential without being invested in the market. The Guaranteed Minimum Surrender Value is 87.5% (90% in New Jersey) of your total purchase payments, minus any prior withdrawals, accumulated at a fixed interest rate. Generate guaranteed lifetime retirement income. Required minimum distribution (RMD) withdrawals if calculated by Pacific Life Insurance Company. Pacific Life is a Fortune 500 company and the 10th largest seller of variable annuities. Feel it’s more important to maximize your financial legacy for your loved ones than to maximize income withdrawals for your own use in retirement. Fixed annuities issued by Pacific Life (Newport Beach, CA) are available through licensed, independent third parties. Policyholders: (800) 748-6907 All guarantees are subject to the claims-paying ability and financial strength of the issuing insurance company. Pacific Life also offers a 5 year and a 7 year version of this annuity. The Pacific Expedition annuity offers consumers an interest rate guaranteed for the entire term and a purchase payment guarantee. Both principal and interest will be taxed as ordinary income as you withdraw money. Compare and request a quote. It is not a security and does not participate directly in the stock market or any index, so your money is not invested in the market. Is Interest Enhanced Death Benefit Right for You? A deferred fixed annuity is a long-term contract between you and an insurance company that helps: o Grow retirement income through the power of tax deferral. Many annuity critics point to complexity as being a major negative for this asset class and Pacific Life doesn't dispel this criticism. Pacific Life refers to Pacific Life Insurance Company and its affiliates, including Pacific Life & Annuity Company. Fixed annuities issued by Pacific Life (Newport Beach, CA) are available through licensed, independent third parties. In no event will the MVA cause the withdrawal amount to be less than the Guaranteed Minimum Surrender Value. Pacific Explorer is a deferred fixed annuity that guarantees an interest rate through a specific period of time, and the interest grows As a general rule, if interest rates have stayed the same or risen since the contract was issued, the MVA can reduce the amount withdrawn. Throughout the years, this insurer has grown and expanded, both in terms of client base and assets under management. Withdrawals from Roth IRA annuities are tax-free as long as the IRS requirements are met. Consider adding a fixed indexed annuity to your retirement strategy today. Opening Thoughts on the Pacific Life Index Choice 6 Fixed Indexed Annuity. The Pacific Frontiers II annuity offers consumers the option to choose the number of years they can lock in their guaranteed interest rate. The Pacific Secure Income® annuity is a fixed, deferred contract that’s fee-free and requires a buy-in payment of no less than $15,000. Among fixed indexed annuity products, Pacific Index Foundation may be a good choice because its rates and caps do not change throughout the entire length of the initial guaranteed period. Withdrawals will reduce the contract value and the value of the death benefits, the Guaranteed Minimum Surrender Value, and also may reduce the value of any optional benefits. If interest rates have fallen, the MVA can increase the amount withdrawn, up to a specified maximum. Pacific Index Foundation 7 fixed index annuity is a 7-year retirement plan designed to protect against stock market volatility while safely growing your savings, and offering an option enhanced death benefit for estate planning. It is not a security and does not participate directly in the stock market or any index, so your money is not invested in the market. Product availability and features may vary by state. Throughout the years, this insurer has grown and expanded, both in terms of client base and assets under management. Generate guaranteed lifetime retirement income. o Lock in guaranteed interest rates for a term you choose. For the most accurate information, please request info in the Request Quote form. Pacific Life has more than 145 years of experience in helping its clients to grow and protect wealth. Follow Shawn at www.annuityexpertadvice.com and on social media below. Lifetime Income Benefit, Enhanced Death Benefit, 401k, Cash, IRA, Non-Qualified Money, Roth IRA, Enhanced Death Benefit Option, Lump Sum, Spousal Continuation, Optional Fee For Enhanced Death Benefit, Optional Income Rider Fee, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming. Additionally, you may take withdrawals without a withdrawal charge or MVA for the following reasons: Withdrawals and contract values annuitized before the end of the withdrawal charge period that are in excess of 10% of the prior anniversary’s contract value (10% of purchase payments in the first year), may be subject to an MVA (in addition to any applicable withdrawal charges) depending on your state. At Pacific Life, one optional benefit you can choose is known as Interest Enhanced Income Benefit 2. Agents: (888) 748-6907, skilled nursing care and/or long-term care services. Forms are scanned into an imaging system at Pacific Life and highlighting can obscure written entries and instructions. Opening Thoughts on the Pacific Life Pacific Index Advisory Fixed Indexed Annuity. Variable Annuities. If you’re seeking to enhance a death benefit for estate planning purposes, also shop and compare life insurance quotes too. Pacific Life refers to Pacific Life Insurance Company and its affiliates, including Pacific Life & Annuity Company. Pacific Life Insurance Company A deferred fixed annuity is a long-term contract between you and an insurance company that helps: o Grow retirement income through the power of tax deferral. Product availability and features may vary by state. Some of the resulting transactions may generate a financial or tax impact on your contract. Because you can never predict the future, you still have the ability to access your money when you need it. o Convert your assets to guaranteed lifetime retirement income. Pacific Life announced today that Pacific Index Foundation®, a deferred fixed indexed annuity, is now available to TD Ameritrade clients. Policyholders: (800) 748-6907 Pacific Life annuities provide a reliable income stream that can give you the peace of mind you need during retirement. Fixed annuities let Pacific Life invest your money in low-risk assets that will provide guaranteed returns that have generally been higher than those received from other investment products, such as Certificates of Deposit. Annuity withdrawals and other distributions of taxable amounts, including death benefit payouts, will be subject to ordinary income tax. Compare and request a quote. Withdrawals after 90 days of contract issue if the owner or annuitant has been confined to an accredited facility that provides skilled nursing care and/or. Q: How do I log in to the website? you retire, a Pacific Life fixed indexed annuity can help you go the distance by providing a sustainable source of income and strong guarantees. Pacific Index Dimensions is a deferred, fixed indexed annuity that provides safety of principal and growth potential. in New York by Pacific Life & Annuity Company. 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