An insurer is extending its indexed universal life insurance product line.
Pacific Life Insurance Company, Newport Beach, Calif., has introduced the Pacific Indexed Accumulator III policy, an indexed UL policy that offers a 5-year indexed account with "100% guaranteed participation, no current growth cap plus a 1% annual minimum guarantee," the company says.
The product also includes a 1-year indexed account option and 2 other account options.
Pacific Life is responsible for backing the product guarantees.
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