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A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
August 23, 2001 at 08:00 PM
NU Online News Service, Aug. 23, 10:35 a.m. – Pacific Life Insurance Company, Newport Beach, Calif., has introduced the Pacific Odyssey variable annuity, a no-load product with no surrender charges.
The annuity comes with a choice of 14 money managers, 31 variable investment options and one fixed-rate option.
The charge for mortality and expenses is 0.15% of annuity assets, and the administrative fee is 0.25% of assets.
The age limit for first-time purchasers is 90.
The product could be especially useful to clients who want ready access to some of their retirement assets, according to Kathleen Hunter, a Pacific Life marketing executive.
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