NEWPORT BEACH, Calif. - (Business Wire) Pacific Life Insurance Company has added a new team to support 401(k) initiatives, the Retirement Plan Consultants (RPCs).
“Our field force asked for help in the retirement area, and we are providing resources to support them,
” says Reed Lloyd, assistant vice president, Advanced Marketing Department in Pacific Life
’s Annuities & Mutual Funds Division.
The RPCs are strategically located throughout the country to help financial professionals introduce Pacific Life’s mutual funds for 401(k) plans to existing and potential employer clients, as well as support Pacific Life’s Individual(k) Program. Pacific Life launched its Individual(k) Program in September 2004 for self-employed business owners and their spouses. The RPC team includes Patrick Lutes, Jason Orsini, Ruben Ramirez, and Bill Robuck.
The three main objectives of the four RPCs will be to help financial professionals identify potential client opportunities, serve as a liaison between third-party administrators and financial professionals to share information such as 401(k) plan administration, and work with Pacific Life’s internal teams to support broker/dealer retirement specialists. With more than 75 years of combined experience and knowledge of the complexities involved in the 401(k) market, this team is uniquely designed to facilitate these relationships and sales.
Founded in 1868, Pacific Life provides life insurance products, annuities, and mutual funds and offers a variety of investment products and services to individuals, businesses, and pension plans.1 Pacific Life counts more than half of the 50 largest U.S. companies as clients2 and is 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 information about Pacific Life, including its current financial strength ratings from A.M. Best, Fitch Ratings, Standard & Poor’s, and Moody’s, visit the company Web site at www.PacificLife.com.
1 Product features and availability vary by state.
2 Data compiled by Pacific Life using the FORTUNE 500® list as of April 2007.
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 affiliates, distributor, and 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.
You should carefully consider an investment’s risks, charges, limitations, and expenses. This and other information about Pacific Life Funds and Pacific Life are provided in the applicable product and underlying fund prospectuses. These prospectuses are available from your registered representative. Read them carefully before investing.
Pacific Life Insurance Company, Pacific Select Distributors, and Pacific Life Funds do not provide any Individual(k) or 401(k) plan administrative services. Please contact your plan administrator for any questions relating to your 401(k) plan. Neither Pacific Life nor its representatives give tax or legal advice.
Share values will fluctuate, and when redeemed, may be worth more or less than the original cost. Pacific Life Insurance Company is licensed to issue life insurance and annuity products in all states except New York.
Variable products are issued by Pacific Life Insurance Company. Portfolio Optimization Funds are offered by Pacific Life Funds. These products 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.
Pacific Life Insurance Company
June Arce, 800-722-2333 (Ext: 6916)
