NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Setting reasonable crediting rate assumptions for an indexed universal life (IUL) insurance policy illustration can be challenging; especially when market volatility affects the performance of the index that determines a product’s crediting rates. Pacific Life now offers an innovative Indexed Universal Life Rates Calculator that uses historical S&P 500 Index®1 returns (excluding dividends) with IUL growth cap rates, participation rates and interest rate floors to show hypothetical crediting rates for an indexed account.2
This new calculator can help you:
“Indexed universal life insurance is an attractive product for clients who want the upside potential of the equities markets without directly participating in it,” said Alyce Peterson, vice president of marketing services for the Life Insurance Division of Pacific Life. “But what is a reasonable hypothetical rate to use in a client’s life insurance proposal? Our Indexed UL Rates Calculator gives the insurance professional a tool to help the client have more reasonable expectations of potential performance over a variety of market periods given a range of indexed parameters such as growth cap rates, interest rate floors and crediting methods.”
Pacific Life also offers a comprehensive sales kit featuring a step-by-step guide to help the insurance professional understand and explain IUL complete with case studies and competitive comparisons. Life insurance professionals may order a kit by contacting their Pacific Life representative or calling 866-722-9555.
Life insurance professionals appointed with Pacific Life can access the Indexed UL Rates Calculator at Lifeline.PacificLife.com.
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. With more than half of the 100 largest U.S. companies as its clients,3 Pacific Life is also a member of the Insurance Marketplace Standards Association (IMSA), whose membership promotes high ethical standards for the sale of individual life insurance and annuities. For additional company information, including current financial strength ratings, visit Pacific Life online at www.PacificLife.com.
“Standard & Poor’s®,” “S&P®,” “S&P 500®,” “Standard & Poor’s 500” and “500” are trademarks of the McGraw-Hill Companies, Inc. and have been licensed for use by Pacific Life Insurance Company. The Product is not sponsored, endorsed, sold or promoted by Standard & Poor’s and Standard & Poor’s makes no representation regarding the advisability of purchasing the Product.
|2.||Past performance is no guarantee of future results. Failure to maintain index segments to maturity may impact the interest credited. Charges, limitations and other expenses may impact policy values.|
|3.||Client count as of April 2009 is compiled by Pacific Life using the 2009 FORTUNE 500® list.|
Pacific Life refers to Pacific Life Insurance Company and its affiliates, including Pacific Life & Annuity Company. 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. 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.