Pacific Life ~ Pacific Index Choice 6 Annuity
The Pacific Life Pacific Index Choice 6 annuity is a Fixed Indexed annuity designed for growth (not for income withdrawals). Pacific Life also offers an 8 year version and a 10 year version of this annuity.
Index Choice Highlights:
- This annuity offers penalty-free interest withdrawals.
- There are no fees, loads, or sales charges.
- Participate in stock market gains without any downside risk.
- Click to read the Indexed Choice company brochure.
Frequently Asked Questions About the Index Choice 6 Annuity:
Q: What is the minimum premium I need to pay?
Q: Am I paid a bonus on my initial premium at sign-up?
A: No. There is no premium bonus.
Q: Can I pay additional premium later on?
A: Yes, but only during the first contract year at a minimum of $1,000 each time.
Q: Are there any age restrictions?
A: Yes. You can purchase this annuity up to age 85. In some states the age requirements may differ.
Q: In which states is the Index Choice 6 annuity available?
A: The Index Choice 6 annuity is not available in all states. Call 800-872-6684 to find out if it's available in your state.
Q: Does this annuity have an income rider (for withdrawing income)?
A: Yes. There is an optional income rider for an additional fee. Click here for the income rider brochure.
Q: For how long are surrender charges in effect?
A: 6 Years
Q: Does the Index Choice 6 annuity permit any withdrawals without penalties?
A: Yes. In the first contract year, 10% of the total purchase payments minus withdrawals. For each subsequent contract year, 10% of the contract value as of the prior contract anniversary.
Q: What benchmark indices do the Index Choice 6 offer?
A: S&P 500 and MSCI ACWI
Q: What are the index account options?
A: 1 Year Point-to-Point, 2 Year Point-to-Point, and Declared Index Interest Option.
Q: What is the Method for Crediting Interest or Gains?
A: Cap rates.
To review the Index Choice 6 annuity with an agent or to receive a free personalized illustration call 800-872-6684 or fill in the "Get My Free Quote" form in the upper right section of this page. You can also post your questions in the "Add a comment..." section below.
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