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Article: Pacific Life Helps Clients Catch up on Retirement Savings.
- Article from:
- Business Wire
- Article date:
- May 8, 2008
CopyrightCOPYRIGHT 2008 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NEWPORT BEACH, Calif. -- With investor concerns about market fluctuations, not saving enough for retirement, and outliving assets, Pacific Life Insurance Company has launched a new bonus variable annuity.
Pacific Value Edge provides clients with an immediate credit of either 6% or 8%, depending on the amount of the initial purchase payments (investments). Investments less than $100,000 will earn a 6% credit, and investments $100,000 and greater will earn an 8% credit. This credit provides a "jump start" and can help those who are behind in saving and have less than 10 years until retirement income is needed.
"What other investment can turn $100,000 into ...