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. Pacific Life, its 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. You should carefully consider a variable annuity’s risks, charges, limitations, and expenses, as well as ...
Insurance : life and annuity Founded 1845 ; 179 years ago Headquarters New York Life Building... [22][23] New York Life also sells term life insurance, universal life insurance, variable...
Only 36% of Americans saving for retirement expect to have enough to be financially secure when they retire, according to an AARP survey from January 2024. The biggest risk with most retirement planning is outliving your savings. “When you think about retirees of the past, many had pension plans from their employers and, through that, a guaranteed income stream,” Elle Switzer, director of annuity product management with TruStage, told CNBC Select. “That doesn’t exist for most of us anymore.” ...
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In order to sell life insurance, a financial professional must be a properly licensed and appointed life insurance producer. 1 For federal income tax purposes, tax-free income assumes, among other things: (1) withdrawals do not exceed tax basis (generally, premiums paid less prior withdrawals); (2) policy remains in force until death (any outstanding policy debt at time of lapse or surrender that exceeds the tax basis will be subject to tax); (3) withdrawals taken during the first 15 policy years do not cause, occur at the time of, or during th ...
Pros : Available in all 50 states · High scores from ratings agencies · Low customer complaint score, Cons : Lower number of annuity products than some competitors
The Case for Consolidation Why Life and Annuity Insurers Must Simplify IT O R A C L E W H I T... Celent’s regular surveys of Asia Pacific- based life insurers show declining figures of...
Pacific Life today announced it has added a new competitively priced survivorship variable universal life insurance (VUL) product designed to help cli
Report on Life and Annuity Living Benefit Riders Considerations for Insurers and Reinsurers Appendix II: Report on Life and Annuity Living Benefits Survey April 2015-Revised Report on Life...
“I was so passionate about polo and the friends I met, I became deeply involved for life.” – Glen Holden Sr. Glen Arthur Holden Sr. passed away on Thursday, April 18, at the age of 96. Born on July 2, 1927, in Boise, Idaho, he grew up on a ranch near Portland, Oregon. After serving in the U.S. Army, he pursued higher education at the University of Oregon, where he met his beloved wife, Gloria. While working at a campus clothing store, he met a local insurance agent who sparked his interest in the insurance industry, leading him to take cl ...