How do I…

Make sure my family’s future is protected?

For you, family is one of the most important things in your life. You take care of them. They take care of you. Making sure that they’ll always be taken care of, no matter what happens to you.

Plan now, so you’re ready later.

When it comes to protection, many people don’t think they need a plan – at least, not right now. But, things can change in a moment’s notice. And, you want to be ready because chances are, there will be surprises ahead. Life is full of twists and turns and unexpected moments. You can’t always see what’s around the bend. But you can be ready for it.
What are some benefits of cash value life insurance?

Cash value life insurance offers flexible premiums, flexible death benefit amounts, and the ability to access the policy’s available cash value via federal income tax-free policy loans and withdrawals. Your policy will stay in force as long you have sufficient cash value to cover your monthly policy charges.

What do I need to know about trusts?

A trust is an arrangement in which a trustee holds and manages money or other assets for the benefit of another. Trusts may be created to accomplish broad or specific goals:

  • Personal and financial safeguards for family and other beneficiaries
  • A means of controlling or administering your assets
  • Simplifying the estate administration process by bypassing the probate process
  • Deferring or reducing taxes
Who can I leave my money to?

Do you have family members you’d like to protect? Maybe there are non-family members you care about or charities dear to your heart? By specifying any of these as your beneficiary on a financial document, you can specify how and when you want payments to be made to each individual.

How can I leave a charitable gift to a cause I care about?

There are lots of worthy causes in the world, and leaving a gift to one that’s meaningful to you can be a great feeling. Life insurance can be used to enhance and protect the amount you wish to give. In addition, creating a trust may be a good way to leave a gift to your favorite cause.

Products that Protect

Cash Value Life Insurance

Death benefit protection with tax deferred cash value build up, and ability to access the cash value via policy loans and withdrawals.

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Term Life Insurance

Death benefit protection for a specific period of time.

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Fixed Indexed Annuity

A fixed indexed annuity is designed to provide reliable monthly income that lasts for life. It protects your principal, while providing growth opportunity based on the positive movement of an index, such as the S&P 500® index. Fixed indexed annuities enable you to grow your retirement savings faster by deferring taxes until you take income, creating lifetime income, and providing for loved ones through a guaranteed death benefit.

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Fixed Annuity

A fixed annuity can help you create reliable monthly income that lasts for life. It is designed to protect your principal while providing steady, reliable growth based on a fixed rate of interest. Fixed annuities also enable you to grow your retirement savings faster by deferring taxes until you take income, creating income that lasts for life, and provide for loved ones through a guaranteed death benefit.

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Variable Annuity

A variable annuity is designed to provide reliable monthly income that lasts for life. It is a long-term investment that can help you grow your retirement savings faster by investing in a diverse selection of investment options while deferring taxes until you take income. The market-based investment performance will be variable, meaning it can go up or down. Variable annuities also allow you to provide for loved ones through a guaranteed death benefit.

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Retirement income

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Retirement income

Being happily retired looks different for everybody. Maybe you want steady retirement income that lasts or supplemental income to help you meet the unexpected in life.

LEARN MORE

Save Enough for My Future

You don’t know what the future has planned for you, but you want to be prepared for the unexpected and be able to achieve your goals.

LEARN MORE

Protect and grow my business

You want your business to maintain its competitive edge. Attracting talent and building a succession plan for the future means you can ensure your business stays in stable hands.

LEARN MORE

Guarantees are backed by the financial strength and claims-paying ability of the issuing insurance company and do not protect the value of the variable investment options, which are subject to market risk.

This material is not intended to be used, nor can it be used by any taxpayer, for the purpose of avoiding U.S. federal, state or local tax penalties. This material is written to support the promotion or marketing of the transaction(s) or matter(s) addressed by this material. Pacific Life, its affiliates, their distributors and respective representatives do not provide tax, accounting or legal advice. Any taxpayer should seek advice based on the taxpayer’s particular circumstances from an independent tax advisor or attorney.

Annuity withdrawals and other distributions of taxable amounts, including death benefit payouts, will be subject to ordinary income tax. For nonqualified contracts, an additional 3.8% federal tax may apply on net investment income. If withdrawals and other distributions are taken prior to age 59½, an additional 10% federal tax may apply. A withdrawal charge and a market value adjustment (MVA) also may apply. Withdrawals will reduce the contract value and the value of the death benefits, and also may reduce the value of any optional benefits.

Under current law, a nonqualified annuity that is owned by an individual is generally entitled to tax deferral. IRAs and qualified plans—such as 401(k)s and 403(b)s—are already tax‑deferred. Therefore, a deferred annuity should be used only to fund an IRA or qualified plan to benefit from the annuity’s features other than tax deferral. These include lifetime income and death benefit options.

All investing involves risk, including the possible loss of the principal amount invested. The value of the variable investment options will fluctuate so that shares, when redeemed, may be worth more or less than the original cost. Please see the prospectus for a detailed description of investment risks.

Pacific Life refers to Pacific Life Insurance Company and its affiliates, including Pacific Life & Annuity Company. 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 insurance company is solely responsible for the financial obligations accruing under the products it issues.

Pacific Life's Home Office is located in Newport Beach, CA.

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