What types of annuities does Pacific Life offer its clients?
Pacific life annuities come in four major categories. Fixed or Variable annuities and Immediate or deferred annuities. A fixed annuity is a policy that offers a guaranteed amount of interest off of your investment. This rate will be guaranteed for at least 10 years and will adjust yearly after the initial rate. You are guaranteed, however, that your new interest rates will never be below your initial interest rate. It is a safe investment that allows the owner to budget their income because the payment will remain the same each month. A variable annuity is a different type of investment. This annuity is a little bit riskier since the monthly payments are based on the amount of interest your account generates. With market fluctuations to consider, this type of plan could pay very high one month, and very low the next. A deferred annuity is an annuity that you purchase to use at a later date. For example, if you are younger than retirement age you can purchase an annuity that will begin
