Pacific Life Insurance Company has added 5 Fidelity VIP lifecycle funds to the list of investment options available with its variable universal life insurance products.
Pacific Life, Newport Beach, Calif., also is adding the Fidelity VIP Freedom Income portfolio to the VUL investment menu, Pacific Life says.
The lifecycle options are “target date” funds. One of the funds is managed to suit the typical risk tolerance of a worker who expects to retire in 2010. The other funds are designed for workers who expect to retire in 2015, 2020, 2025 or 2030.
The Pacific Life VUL investment menu now offers a choice of 11 target-date funds and 49 other funds.