NEWPORT BEACH, CA–(Marketwired – April 04, 2016) –  Financial professionals who want to help clients enhance the legacies they leave to loved ones have a new strategic tool — Interest Enhanced Death Benefit from Pacific Life.

Available as an option with all Pacific Life fixed indexed annuities, Interest Enhanced Death Benefit guarantees that the Death Benefit Base — an amount that determines how much beneficiaries will receive when the contract owner dies — will grow every year, regardless of how markets perform.

• In both up and down markets, the Death Benefit Base will increase based on interest earned on the contract plus a 2% roll-up, compounded annually.
• Even in years in which no interest is credited to the contract, the Death Benefit Base will still increase by 2%.

Interest Enhanced Death Benefit is available for a low cost (0.40% of the Death Benefit Base), has no caps on the amount of interest earned, and the Death Benefit Base will roll up for the lesser of 20 years or when the client reaches age 85.

“Guarantees are important to clients planning for retirement, and even more so for those who want to leave a financial legacy,” says Christine Tucker, vice president of marketing for Pacific Life’s Retirement Solutions Division. “Fixed indexed annuities already offer safety of principal and growth potential, and now with the Interest Enhanced Death Benefit, clients can be sure that no matter how markets or interest rates fluctuate, they’ll have a death benefit that continues to grow each year.”

For more information about the Interest Enhanced Death Benefit, or about Pacific Life’s entire line of fixed indexed annuities, visit www.PacificLife.com or contact a Pacific Life consultative wholesaler at (800) 722-2333.

About Pacific Life

Offering insurance since 1868, Pacific Life provides a wide range of life insurance products, annuities, and mutual funds, and offers a variety of investment products and services to individuals, businesses, and pension plans. Pacific Life counts more than half of the 100 largest U.S. companies as its clients. For additional company information, including current financial strength ratings, visit Pacific Life online at www.PacificLife.com.

Pacific Life refers to Pacific Life Insurance Company and its affiliates, including Pacific Life & Annuity Company. Client count as of June 2015 is compiled by Pacific Life using the 2015 FORTUNE 500® list.

Interest Enhanced Death Benefit is not available in New York.

Insurance products are issued by Pacific Life Insurance Company in all states except New York and in New York by Pacific Life & Annuity Company. Product availability and features may vary by state. Each company is solely responsible for the financial obligations accruing under the products it issues. Insurance product and rider guarantees are backed by the financial strength and claims-paying ability of the issuing company and do not protect the value of the variable investment options.

Fixed annuities issued by Pacific Life (Newport Beach, CA) are available through licensed, independent third parties.

Documents and/or Photos available for this release:

“Guarantees are important to clients planning for retirement, and even more so for those who want to leave a financial legacy,” says Christine Tucker, vice president of marketing for Pacific Life’s Retirement Solutions Division.