Pacific Life Enhances Suite Of Annuities To Address Retirement Income Needs

Offering clients the flexibility to protect and access their money

NEWPORT BEACH, Calif.–(BUSINESS WIRE)–To continue serving consumers’ varying retirement-income needs, Pacific Life recently enhanced the features of three of its optional benefits, available with certain advisory and traditional variable annuities for an additional cost. Designed for growth and protection, these strategies offer clients the flexibility to protect their money or withdraw income in retirement.

Open Architecture from Pacific Life with Future Income Generator

Clients who select Future Income Generator optional benefit with certain variable annuities can access the full, expanded investment-option lineup — with some options offering up to 100% equity exposure. This strategy provides the potential for clients to grow and lock in a higher protected base from which to take withdrawals without an increase in the cost of the benefit. It also offers a stackable1 annual credit for up to 10 years (or until the first withdrawal) and guaranteed income for life starting at age 59½.

Increased Withdrawal Percentages on Enhanced Income Select 2

Those looking forward to spending more money early in retirement can receive higher2 withdrawal percentages using Enhanced Income Select 2, an optional benefit available with certain Pacific Life variable annuities. As of May 1, 2024, those percentages have increased. A higher income level early in retirement, and the flexibility to stop and start withdrawals, may be appealing to today’s more active retirees.

100% Downside Protection Available with Protected Investment Benefit in New York

Protected Investment Benefit is available in only New York for an additional cost with certain Pacific Life variable annuities. It offers 100% downside protection with unlimited growth potential and up to 80% equity exposure with the 7-year term option. This is an option for clients nearing retirement who need growth but want to take some of the emotion out of investing.

Pacific Life plans to continue evolving its products and services and we’re pleased to provide financial professionals with strategies that can make a meaningful difference in their clients’ retirements...

“Pacific Life plans to continue evolving its products and services and we’re pleased to provide financial professionals with strategies that can make a meaningful difference in their clients’ retirements,” said Kevin Kennedy, senior vice president, sales and distribution, consumer markets business at Pacific Life. “The current enhancements to these optional benefits may help provide consumers with more opportunities to grow and protect their retirement savings and provide the flexibility to withdraw income when needed in retirement.”

For more information, financial professionals are invited to contact a Pacific Life consultative wholesaler at (800) 722-2333, or visit




About Pacific Life
Pacific Life provides a variety of products and services designed to help individuals and businesses in the retail, institutional, workplace benefits, and reinsurance markets achieve financial security. Whether your goal is to protect loved ones or grow your assets for retirement, Pacific Life offers innovative life insurance and annuity solutions, as well as mutual funds, that provide value and financial security for current and future generations. Supporting our policyholders for more than 150 years, Pacific Life is a Fortune 500 company headquartered in Newport Beach, California. For additional company information, including current financial strength ratings, visit
1 The term “stackable” is equivalent to a reset. A reset takes place when the contract value is greater than the protected payment base and annual credit. After a reset, the annual credit amount grows based on the higher protected payment base.
2 Withdrawals are higher than the typical 5% withdrawals. Withdrawal percentages will vary based on age and whether the Single Life or Joint Life option was selected.