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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
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
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
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
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
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
October 13, 2008 at 12:06 PM
An insurer is updating variable annuity benefits options.
Pacific LifeCorp, Newport Beach, Calif., says it will be replacing the Flexible Lifetime Income option with a new Flexible Lifetime Income Plus option.
The new option gives purchasers the opportunity to obtain 7% restartable credits.
Customers who buy the Flexible Lifetime Income Plus option can get annual automatic step-ups and the opportunity to take out up to 6% for life, the company says.
Pacific Life also is introducing the Automatic Income Builder option, which guarantees an annual withdrawal percentage that will automatically increase over time to 7%, or possibly higher, Pacific Life says.
The Pacific LifeCorp units that issue the annuities are responsible for backing the benefit option guarantees.
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