Pacific Life ~ Pacific Index Foundation 5 Review
The Pacific Life Index Foundation is a 5-Year Fixed Indexed annuity designed for growth. You can allocate your money, once a year on the policy anniversary, between a guaranteed interest rate account and a benchmark stock index account.
Index Foundation Annuity Highlights:
- Penalty-free interest withdrawals.
- Participate in stock market gains without any downside risk.
- Click to read the Index Foundation company brochure.
| Index Foundation Annuity Interest Rates - High Band | |||
|---|---|---|---|
| Index | Strategy | Cap Rates | Declared Rate |
| S&P 500 | 1 Year Point to Point | 8.00% | N/A |
| Performance-Triggered | N/A | 6.50% | |
| Index Foundation Annuity Interest Rates - Low Band | |||
|---|---|---|---|
| Index | Strategy | Cap Rates | Declared Rate |
| S&P 500 | 1 Year Point to Point | 6.90% | N/A |
| Performance-Triggered | N/A | 5.65% | |
Frequently Asked Questions About the Index Foundation Annuity:
Q: What is the minimum premium I need to pay?
A:$25,000 Low Band / $100,000 High Band
Q: Am I paid a bonus on my initial premium at sign-up?
A:No. There is no premium bonus.
Q: Can I pay additional premium later on?
A: Additional cash purchase payments are permitted within the first 60 days after contract issue, up to a maximum of $100,000.
Q: Are there any age restrictions?
A:Yes. You can purchase this annuity up to age 85. In some states the age requirements may differ.
Q:In which states is the Index Foundation annuity available?
A:The Index Foundation annuity is not available in all states. Call 800-872-6684 to find out if it's available in your state.
Q: Does this annuity have an income rider (for withdrawing income)?
A: No
Q: For how long are surrender charges in effect?
A:5 Years
Q:Does the Index Foundation annuity permit any withdrawals without penalties?
A:Yes. Withdrawals are permitted 30 days after contract issue. In the first contract year, 10% of the total purchase payments is available with no withdrawal charge or MVA. In subsequent years, 10% of the previous contract anniversary’s contract value is available annually with no withdrawal charge or MVA.
Q:What benchmark indices do the Index Foundation offer?
A:S&P 500
Q: What are the index account options?
A:Annual Point-to-Point and Performance-Triggered
Q: What is the Method for Crediting Interest or Gains?
A: Cap rates or declared interest rate.
To review the Index Foundation annuity with an agent or to receive a free personalized illustration call 800-872-6684 or fill in the "Get My Free Quote" form in the upper right section of this page.
Read more about Pacific Life Insurance Company's Annuities on Pacific Life's site
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