Pacific Life launches fee-based variable annuity

Fee-Based Variable Annuity

Recap: Pacific Odyssey® is an expansion of the existing fee-based variable annuity lineup to meet DOL fiduciary.

  • Mortality & expense and administrative charges of 0.30% annually
  • No withdrawal charges–There are no front-end loads or back-end withdrawal charges, allowing clients full access to their account values anytime in the form of partial or lump-sum withdrawals.
  • More than 100 investment options—The product offers more than 100 investment options across several different asset classes along with more than 50 funds with net fund expenses currently less than 1%.
  • Optional living benefit—For an additional cost, clients can add a living benefit option for guaranteed lifetime income without giving up control of their assets.
  • A standard death benefit for no additional cost

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