TD Ameritrade has offered a curated lineup of fixed annuities and fee-based variable annuities to clients since 2012, and now Pacific Index Foundation becomes the first fixed indexed annuity to be offered on the platform. Clients of TD Ameritrade can purchase a Pacific Index Foundation annuity directly from TD Ameritrade’s annuity specialists.
Pacific Index Foundation provides safety of principal in the same way a traditional fixed annuity does and combines this safety with growth potential linked to market-based indexes. Clients will never lose principal due to market performance as this product is not a security, and their money is not directly invested in the market. Plus, any interest gained because of positive index performance are added to the contract value and protected from any future market downturns.
“As retirement gets closer, many clients become increasingly concerned about the possibility of losing principal if the market declines. This is why fixed indexed annuities are so popular today. They offer growth potential based on the positive performance of a market index, yet the client is not actually invested in the market. As a result, the client’s principal is secure. Among fixed indexed annuity products, Pacific Index Foundation may be a good choice because its rates and caps do not change throughout the entire length of the initial guaranteed period. Plus, the guaranteed period is longer than a typical fixed indexed annuity provides,” said Brian T. Woolfolk, FSA, MAAA, senior vice president of sales and chief marketing officer for Pacific Life’s Retirement Solutions Division.
“It is rare to find a fixed indexed annuity that locks in rates and caps throughout the entire initial guaranteed period, and we believe our clients respond positively to this transparency and straightforward approach,” said Matt Sadowsky, director of retirement and annuities at TD Ameritrade. “There are fewer variables, and that means greater stability and predictability for our clients.”
Pacific Index Foundation also offers a choice of two optional benefits for an additional cost: one for guaranteed lifetime income and the other for enhancing the financial legacy that clients leave to beneficiaries.
Woolfolk continued, “Pacific Index Foundation can be an appealing choice for retirement savers who are conservative, remember the market downturns of a few years ago, and want a bit more growth potential than other options might provide.”
TD Ameritrade and Pacific Life are separate, unaffiliated firms that are not responsible for each other’s services or policies. Annuities are provided to TD Ameritrade clients through The Insurance Agency of TD Ameritrade, LLC.
About Pacific Life
For more than 150 years, Pacific Life has helped millions of individuals and families with their financial needs through 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. Whether your goal is to protect loved ones or grow your assets for retirement, Pacific Life offers innovative products and services that provide value and financial security for current and future generations. Pacific Life counts more than half of the 100 largest U.S. companies as its clients and has been named one of the 2019 World’s Most Ethical Companies® by the Ethisphere Institute. For additional company information, including current financial strength ratings, visit www.PacificLife.com.
Pacific Life refers to Pacific Life Insurance Company and its affiliates, including Pacific Life & Annuity Company. Client count as of June 2019 is compiled by Pacific Life using the 2019 FORTUNE 500® list.
Pacific Life is a product provider. It is not a fiduciary and therefore does not give advice or make recommendations regarding insurance or investment products.
Withdrawals may be subject to federal and/or state income tax and, if taken prior to age 59½, an additional 10% federal tax may apply. For nonqualified contracts, an additional 3.8% federal tax may apply on net investment income.
Pacific Life Insurance Company (Newport Beach, CA) is licensed to issue insurance products in all states except New York. Product availability and features may vary by state. Fixed annuity products are available through licensed third parties.
About TD Ameritrade Holding Corporation
TD Ameritrade provides investing services and education to more than 11 million client accounts totaling approximately $1.3 trillion in assets, and custodial services to more than 7,000 registered investment advisors. We are a leader in U.S. retail trading, executing an average of approximately 800,000 trades per day for our clients, more than a quarter of which come from mobile devices. We have a proud history of innovation, dating back to our start in 1975, and today our team of 10,000-strong is committed to carrying it forward. Together, we are leveraging the latest in cutting-edge technologies and one-on-one client care to transform lives, and investing, for the better. Learn more by visiting TD Ameritrade’s newsroom at www.amtd.com, or read our stories at Fresh Accounts.