NEWPORT BEACH, Calif. - (Business Wire) Pacific Life Insurance Company today announced a distribution agreement with the financial services firm Edward Jones. Financial advisors will have access to a selection of Pacific Life’s protection and retirement products. Available products include Pacific Select Exec IV1 (variable universal life insurance), Versa Flex NLG1 (a universal life insurance), and a new A-Share variable annuity that is anticipated to be available in January 2010. Individuals today are attracted to the protection aspects of insurance and annuity products. This reflects the current trend of a “return to financial fundamentals”: longer-term view, anticipation of risks, disciplined savings, and investing. “Pacific Life’s business philosophy and tradition starts with valuing inforce policy and contract owners and making decisions that benefit the long-term strength of the company,” comments Mike Bell, executive vice president of Pacific Life’s Life Insurance Division.
“Insurance is an essential need that must be addressed in order for many clients to achieve their long-term investment goals,” said Merry Mosbacher, an Edward Jones principal responsible for Insurance Marketing. “Obtaining adequate insurance is often an overlooked step in planning for the future, however, insurance is as important to the success of a portfolio as the underlying investments. We are pleased to add attractive product options with the introduction of Pacific Life.”
“We are thrilled with the opportunity to provide Edward Jones clients quality products that can meet their financial needs,” said Dewey Bushaw, executive vice president of Pacific Life’s Annuities and Mutual Funds Division. “Pacific Life’s disciplined financial management style, award-winning customer service, and product choices will provide clients with new opportunities to help grow and protect their retirement savings while ensuring a lifetime income.”
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, 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.
Pacific Life refers to Pacific Life Insurance Company and its affiliates, including Pacific Life & Annuity Company. Client count as of April 2009 is compiled by Pacific Life using the 2009 FORTUNE 500® list. 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.
Variable insurance products issued by Pacific Life and mutual funds issued by Pacific Life Funds are distributed by Pacific Select Distributors, Inc. (member FINRA & SIPC), a subsidiary of Pacific Life Insurance Company, and are available through licensed third party broker-dealers.
You should carefully consider an investment’s risks, charges, limitations, and expenses, as well as the risks, charges, expenses, and investment objectives of the underlying investment options. This and other information about Pacific Life are provided in the product and underlying fund prospectuses. These prospectuses are available from your insurance professional or by calling (800) 800-7681 or (800) 722-4448. Read them carefully before investing.
About Edward Jones
Edward Jones provides financial services for individual investors in the United States and, through its affiliates, in Canada and the United Kingdom. Every aspect of the firm’s business, from the types of investment options offered to the location of branch offices, is designed to cater to individual investors in the communities in which they live and work. The firm’s 12,000-plus financial advisors work directly with nearly 7 million clients to understand their personal goals -- from college savings to retirement -- and create long-term investment solutions that emphasize a well-balanced portfolio and a buy-and-hold strategy. Edward Jones embraces the importance of building long-term, face-to-face relationships with clients, helping them to understand and make sense of the investment options available today.
Edward Jones, which ranked No. 2 on FORTUNE magazine’s “100 Best Companies to Work For 2009,” is headquartered in St. Louis. The Edward Jones Web site is located at www.edwardjones.com, and its recruiting Web site is www.careers.edwardjones.com. Member SIPC.
1 Pacific Select Exec IV is a variable universal life insurance policy and policy form no. P08SE4. Versa Flex NLG is a universal life insurance policy and policy form no. P08VN1. Product availability will vary by state.
Pacific Life Insurance Company
Tennyson Oyler, 949-219-3248
TOyler@PacificLife.com
