|By Marketwired .||
|January 6, 2014 05:05 PM EST||
NEWPORT BEACH, CA -- (Marketwired) -- 01/06/14 -- The recent trends in increasing tax rates and longer life expectancies have intensified interest in annuities as a tax-deferred strategy for growing retirement savings. The Tax Deferral Analyzer, a new tool from Pacific Life, can help advisors easily demonstrate the advantages of deferred annuities, including the potential for faster savings growth, enhanced sustainability of retirement income, and a financial legacy for heirs.
"Most clients may understand the general concept of tax deferral, but few have seen an interactive demonstration of its power and understand its role in all three phases of retirement planning: asset accumulation, distribution of income, and legacy," says Christine Tucker, vice president of marketing for Pacific Life's Retirement Solutions Division. "The Tax Deferral Analyzer provides that demonstration and is incredibly easy to use."
The tool is also versatile. Using a simple point-and-click interface, advisors can quickly demonstrate deferred annuity basics using a default investment scenario, or they can personalize the experience by using the client's specific information. The Tax Deferral Analyzer is also the first online tool to give advisors the option of demonstrating partial annuitization -- the strategy of converting a portion of the client's assets into guaranteed lifetime income while leaving the other portion to continue accumulating tax-deferred.
"At Pacific Life, we strive to be a premier provider of educational resources that can help advisors assist clients in building a secure future," says Tucker. "That's why the Tax Deferral Analyzer can be such a valuable tool for advisors. Once clients fully understand tax deferral and have seen it demonstrated, they're in a better position to decide the role they want tax deferral to play in their overall retirement strategies."
To try the Tax Deferral Analyzer, visit Pacific Life's website at www.PacificLife.com. Advisors can also learn more about the tool by calling 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 Pacific Life online at www.PacificLife.com.
Pacific Life refers to Pacific Life Insurance Company and its affiliates, including Pacific Life & Annuity Company. Client count as of May 2013 is compiled by Pacific Life using the 2013 FORTUNE 500® list.
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 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.
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. Insurance product and rider guarantees, including optional benefits and any fixed subaccount crediting rates or annuity payout rates, 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. They are not backed by the broker/dealer from which this annuity is purchased, by the insurance agency from which this annuity is purchased, or any affiliates of those entities, and none makes any representations or guarantees regarding the claims-paying ability of the issuing insurance company.
Variable insurance products are distributed by Pacific Select Distributors, Inc. (member FINRA & SIPC), a subsidiary of Pacific Life Insurance Company and an affiliate of Pacific Life & Annuity Company (Newport Beach, CA). Variable and fixed annuity products are available through licensed third-party broker/dealers.
Documents and/or Photos available for this release:
"At Pacific Life, we strive to be a premier provider of educational resources that can help advisors assist clients in building a secure future," says Christine Tucker, vice president of marketing for Pacific Life's Retirement Solutions Division.
To view supporting documents and/or photos, go to www.enr-corp.com/pressroom and enter Release ID: 365891
Phone: (949) 219-6916
E-Mail: [email protected]
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