NEWPORT BEACH, Calif. - (Business Wire) Business owners expecting to sell their firms to help finance retirement goals are rethinking that strategy due to the recent financial crisis. A new kit for life insurance professionals from Pacific Life, “In Pursuit of Retirement: What Every Successful Business Owner Needs to Know for a Successful Retirement,” details how business owners can use life insurance to help protect their retirement goals. In addition to providing protection for heirs, life insurance death benefit can help business owners overcome the uncertainties they often face when nearing retirement, including:
- An unpredictable selling price for the business.
- The challenge of finding a ready and qualified buyer.
- Uncertainty of the buyer being able to meet any financing obligations payable to the owner selling the business.
Pacific Life’s kit can help uncover and address a client’s evolving needs and goals by exploring a host of business and retirement strategies using life insurance, according to Alyce Peterson, vice president of marketing services for the company’s Life Insurance Division. “It’s a new world when it comes to planning for retirement, especially for business owners,” Peterson said. “Life insurance can help these clients overcome the challenges they may face in reaching this important financial milestone.”
“In Pursuit of Retirement” features an interactive brochure that life insurance professionals can use to help match their clients’ retirement goals with financial strategies, case studies to showcase sample scenarios, and fact patterns to help identify business owners who may benefit from using life insurance to reach their retirement goals. Life insurance professionals can get the kit by contacting their Pacific Life representative or by calling 866-722-9555.
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, 1 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.
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| 1. 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. Variable insurance 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.
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 their 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.
MKTG-OC-762
Pacific Life
Stacy Santmyer Klein
949-420-7314
Stacy.Klein@PacificLife.com
