Source: BurrellesLuce

Pacific Life Takes Guaranteed Retirement Income to a New Level

Introducing the Enhanced Income Select Optional Benefit

NEWPORT BEACH, CA--(Marketwired - May 02, 2016) - Clients looking for a higher level of guaranteed retirement income now, opportunities to increase income by capturing market gains through annual resets, and the freedom to choose from a wide variety of eligible investment options have a new solution: the Enhanced Income Select optional benefit.

Enhanced Income Select is a new optional guaranteed minimum withdrawal benefit that is available for an additional cost with certain variable annuity products from Pacific Life. It provides:

• An enhanced income percentage of up to 7.5% (withdrawal) each year.

• A minimum guaranteed lifetime income of 3% should the contract value go to zero.

• Opportunities to increase income by capturing market gains through annual resets.

The enhanced income amount depends on the client's age at the first withdrawal, or the most recent reset, and whether a Single Life or Joint Life option is selected. In addition to higher income percentages, clients age 70½ and older can benefit from required minimum distribution (RMD)-friendly1 withdrawals.

Clients who purchase Enhanced Income Select with certain Pacific Life variable annuities can choose from a wide variety of investment options, including the new PSF DFA Balanced Allocation Portfolio, a diversified, low-cost fund-of-funds available as of May 1, 2016. This Fund, with a 0.77% net fund expense, provides clients with access to the well-known and respected fund manager, Dimensional Fund Advisors. 

"Maximizing guaranteed income now, in a client's early retirement years, is a growing priority for a large number of retirees," says Christine Tucker, vice president of marketing for Pacific Life's Retirement Solutions Division. "Enhanced Income Select gives these clients a higher level of income than any other Pacific Life optional benefit to date, while preserving the client's ability to select from a wide and diverse array of investment options to help them meet their specific goals."

For more information about Enhanced Income Select, visit Pacific Life's website at Financial advisers are also invited to learn more by speaking with 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

1RMDs taken under Pacific Life's automated RMD program are considered compliant withdrawals if they are the only withdrawals in that contract year and are in compliance with the rider guidelines.

Contact your financial advisor or visit for more information, including product and underlying fund prospectuses that contain more complete information about Pacific Life and a variable annuity's risks, charges, limitations, and expenses, as well as the risks, charges, expenses, and investment goals of the underlying investment options. Read them carefully before investing.

Variable annuities are long-term investments designed for retirement. 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 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.

Asset allocation and diversification do not guarantee future results, ensure a profit, or protect against loss. Better results could be achieved by investing in an individual fund or funds representing a single asset class rather than using asset allocation. A fund-of-funds is subject to its own expenses along with the expenses of the underlying funds. It is typically exposed to the same risks as the underlying funds in which it invests in proportion to the allocation of assets among those underlying funds, among other risks. Each underlying fund has its own investment goal, strategy, and risks. The prospectuses for the underlying funds are available at

Enhanced Income Select Single Life is named "Guaranteed Withdrawal Benefit XV Rider-Single Life" in the contract rider. Enhanced Income Select Joint Life is named "Guaranteed Withdrawal Benefit XV Rider-Joint Life" in the contract rider.

DFA is independent and not affiliated with Pacific Life. Third-party trademarks are the property of their respective owners.

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. 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.

Variable insurance products are distributed by Pacific Select Distributors, LLC (member FINRA & SIPC), a subsidiary of Pacific Life Insurance Company (Newport Beach, CA) and an affiliate of Pacific Life & Annuity Company, and are available through licensed third parties.

Documents and/or Photos available for this release:

"Maximizing guaranteed income now, in a client's early retirement years, is a growing priority for a large number of retirees," says Christine Tucker, vice president of marketing for Pacific Life's Retirement Solutions Division.

To view supporting documents and/or photos, go to and enter Release ID: 399005

Contact Information:

June Arce
Pacific Life
Phone: (949) 219-6916