While some of these can give you information about annuities, what you are likely to find is that they are oftentimes just simply reiterating what our information already shows. Before purchasing any type of insurance and/or investment product, it is important that you do your own due diligence, and that you consult a properly licensed professional if you should have any specific questions that relate to your individual situation. Independent Review of the Pacific Life Pacific Mariner 3 Annuity, annuities from Pacific Life Insurance Company work here, Independent Review of the Pacific Life Frontiers ll Fixed Deferred Annuity, Independent Review of the Pacific Life Expedition Fixed Deferred Annuity, Independent Review of the Pacific Life Secure Income Deferred Income Annuity as a QLAC, Independent Review of the Pacific Life Core Protect Advantage Variable Annuity, Independent Review of the Pacific Life Pac Mariner 7 Year Guaranteed Rate (MYGA) Annuity, Independent Review of the Pacific Life Pacific Index Choice 6 Fixed Indexed Annuity, Independent Review of the Pacific Life Pacific Frontiers II, 1 Year Guarantee Fixed Annuity, Independent Review of the Pacific Life Pacific Odyssey Variable Annuity, Independent Review of the Pacific Life Pacific Index Foundation Fixed Indexed Annuity, Independent Review of the Pacific Life Pacific Index Edge Fixed Indexed Annuity, Independent Review of the Pacific Life Insurance Company’s Pacific Index Advisory Annuity, Independent Review of the Pacific Life Pacific Income Provider Annuity, A guaranteed rate of interest (at least for a set period of time), Want the opportunity for a higher rate of return on their money, Want to access more than just 10% of the contract value within the first few years (i.e., don’t want their money locked in for a multi-year time period), Do not plan on using the lifetime income feature. As with other annuities, the growth that takes place within the account is tax-deferred, meaning that no tax is due on the gain until the time of withdrawal. These products also help to alleviate the concern about running out of money in retirement. Throughout the years, this insurer has grown and expanded, both in terms of client base and assets under management. One big reason for this is because annuities can be difficult – and expensive – to get out of if you determine that the product you purchase isn’t really performing the way you expected it to. These sites will often time do so by making some fairly bold claims about the annuities they offer, such as: Unfortunately, as nice as these claims may sound, it is absolutely essential that you first verify their validity before you move forward with a long-term financial commitment, just like you would likely do before purchasing any other type of “high ticket” item. We can do that for you by running the numbers through our annuity calculator, and can then provide you with a spreadsheet showing the results. Performance; Fixed Indexed Annuities; Immediate Annuities; Deferred … You can also count on a guaranteed lifetime income, regardless of how long you may live (provided that you choose the annuity’s lifetime income payout option). An annuity is the investment of a lump sum of cash to produce a monthly income stream either for life or a fixed period of time. This annuity review is meant solely to be an independent review at the request of our readers so that they may see out perspective when breaking down the positives and the negatives of this particular annuity. Pacific Life Annuities is amazing. Whether they need income now or later, our products can provide the solution for a … It could be if rates remain low for the duration. And, because of the in-depth reviews that we provide, we have become a highly trusted source of annuity information online. Therefore, if you found that this annuity review was helpful for you, then please feel free to forward it on to anyone else that you think may benefit from it. So, it’s likely that if you’ve been presented this annuity by an insurance or financial advisor, one of the main areas that they’ve keyed in on is the 7-year rate guarantee that comes with this annuity. This particular annuity will usually work the best for those who are looking for: Conversely, the Pacific Mariner 3 annuity may not fare so well for those who: There are a number of key factors that should ideally be taken into consideration if you are thinking about purchasing an annuity. In many ways, MYGAs (multi-year rate guaranteed annuities) can be like CDs, as you’ll have your money locked up for a certain amount of time, and are penalized with a withdrawal fee if you take out a funds (in this case, more than 10% of the contract value) during the surrender period. There have been only four complaints listed in the last three years, one of which was closed in the last 12 months. This is an independent annuity product review. Pacific Life has over 150 years of experience and financial ratings of "A+" from A.M. Best, "AA-" … In fact, we dare say that our AnnuityGator.com website is the only place on the Internet where you can really get all of the pertinent details that you need to make a well-informed purchase decision. It can be difficult at best these days to find any type of guarantees on financial products. If you are considering the purchase of a Multi-Year Guarantee Annuity like the Pacific Life Pac Mariner 7 Year Guaranteed Rate MYGA, then you can be assured that your principal will be safe – no matter what happens in the stock market. That’s because, if you go the route of choosing the lifetime income option, the annuity will continue to pay out an income stream, no matter how long you need it. One reason for this is the fact that fixed and fixed indexed annuities offer a promise of safety. In order to best support you, we would need some additional information from you to help you and her determine if its the best one for her needs. Many perks for employees and good response for COVID accommodations. Save my name, email, and website in this browser for the next time I comment. That being said, if an advisor is really pushing you to purchase this annuity, make sure that it matches up with YOUR financial goals and objectives, not his or hers! We do want to be clear in that, we believe that annuities are fine products – and they can be quite beneficial to some people – as long as they fit in with your overall financial objectives. Headquartered in Newport Beach, California, Pacific Life Insurance Company is considered to be a strong, financially stable insurer. One reason for this is because if you want or need to take out more than just 10% of the contract’s value during the surrender period, you can be hit with a pretty hefty fee! ... Annuity Information Specialist (4) Supervisor (4) Business Services Specialist (4) ... Glassdoor has 399 Pacific Life reviews submitted anonymously by Pacific Life employees. No product companies have endorsed the reviews on this site, nor is AnnuityGator.com compensated for reviews. So, the company has definitely been there when its policyholders – and their families – needed it. Are there any other annuities that you would like to see reviewed? At the end of the guaranteed term, you may elect to either start another guarantee period, or alternatively, withdraw the full amount of the contract without penalty. That’s because, if you go the route of choosing the lifetime income option, the annuity will continue to pay out an income stream, no matter how long you need it. Pacific Life has more than 145 years of experience in helping its clients to grow and protect wealth. For more information on how to compare annuities in order to determine which one may be the best for you and your financial circumstances, click here to obtain our free annuity report. Pacific Life has not endorsed this review in any way, nor do we receive any type of compensation for providing this review. When creating our reviews, we would much rather “err” on the side of being “too long” as versus not long enough. All names, marks, and materials used for the reviews on this site are property of their respective owners, and not those of AnnuityGator.com. 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