Pacific Life, Newport Beach, Calif., has launched Pacific Frontiers II — a new version of its market value adjusted fixed annuity. Pacific Frontiers II has replaced Pacific Frontiers.
Market conditions continue to concern clients, and many are looking for conservative or traditional vehicles for retirement savings. Pacific Frontiers II is a single-premium, deferred fixed annuity designed for investors who are looking for a guaranteed interest rate without exposure to market risk. Pacific Frontiers II offers guaranteed interest rate terms for a specified period of up to 10 years with a minimum guarantee between 1% and 3%.