May 08, 2008 at 01:07 PM
Pacific Life Insurance Company has introduced a variable annuity contract that can pay a bonus of 6% or 8%.
Pacific Life, Newport Beach, Calif., says the company’s new Pacific Value Edge annuity will pay an immediate bonus credit of 6% on investments that are less than $100,000 and a credit of 8% on investments that are greater than $100,000.
Purchasers of the annuities can choose between a menu of 3 asset-allocation strategies or a “portfolio optimization” service, Pacific Life says.
Pacific Life is responsible for backing the annuity guarantees.
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