|
|
Article: Bear Market ... Bull Market; Pacific Life Waives Transfer Out Restrictions on Fixed LT Account Option for Most Variable Life Insurance Policies.
- Article from:
- Business Wire
- Article date:
- December 27, 2001
CopyrightCOPYRIGHT 2001 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)
|
Business Editors
NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Dec. 27, 2001
In response to the current fluctuations in the equities market, Pacific Life Insurance Co. is temporarily waiving transfer out restrictions on the Fixed LT Account, a fixed investment option available with most of the company's variable life insurance policies.
This waiver of restrictions provides the freedom for policyowners to initially allocate premiums to the Fixed LT Account with a competitive interest rate and then transfer the accumulated value into the variable investment options over the first policy year.(a)
"It's the best of both worlds," explained Ivan ...