A new indexed annuity from Pacific Life offers a choice of “seven interest-earning options,” including a fixed return option, three index-linked investment options, and three crediting methods. The product’s name is Pacific Index Choice.
Contracts owners may allocate purchase payments to:
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A fixed account option, which earns a guaranteed interest rate for a specific period of time.
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Accounts whose returns are linked to positive movements in either the S&P 500 index or the MSCI All Country World Index (ACWI), which focuses on 45 developed and emerging markets.
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A one-year, point-to-point crediting method where the interest rate is equal to the index return, subject to a cap.
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A two-year, point-to-point crediting method where the interest rate is equal to the index return, subject to a cap.
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An option where the interest rate is fixed and guaranteed for six, eight, or 10 years and credited at the end of each contract year.
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