Close Close

Life Health > Life Insurance

Pacific Life Adds VA Distribution Tool

Your article was successfully shared with the contacts you provided.

An insurer has used software from Torrid Technologies Inc. to develop a Web-based calculator for variable annuity beneficiaries.

When VA holders who have used VA contracts outside of qualified plans and individual retirement plans die, financial professionals can use the calculator to help beneficiaries decide whether to take benefits in the form of a lump sum or in the form of an income stream, according to Pacific Life Insurance Company, Newport Beach, Calif.