Pacific Life Introduces New Investment Options

Recognizing that many investors are looking for both growth and protection, Pacific Life recently launched the Invesco® V.I. Defined Outcome Funds, available with certain Pacific Life variable annuities. The company designed these new funds to give investors the benefits of a registered index-linked annuity (RILA) but with more flexibility, control, and transparency.

The Invesco® V.I. Defined Outcome Funds offer growth potential linked to a market index, up to a cap, as well as downside protection through a buffer that protects against the first 10% of loss over a one-year outcome period. These features are available to clients without the need for an optional benefit for an additional cost.

By offering the funds through a variable annuity, clients have the flexibility to combine this strategy with other investment options to create a custom portfolio that meets their unique needs. Clients also have the flexibility to move in and out of the Invesco® V.I. Defined Outcome Funds should those needs change.

“We’ve seen industry growth in RILAs, low-cost mutual funds, and outcome-focused exchange-traded funds (ETFs),” said Kevin Kennedy, senior vice president of sales and chief marketing officer for Pacific Life’s Retirement Solutions Division. “By placing these Invesco® funds inside our variable annuities, we are one of the first to give investors an additional vehicle to get the growth and protection they need without sacrificing flexibility.”

The Invesco® V.I. Defined Outcome Funds also provide added transparency through a tool available on the Invesco. It gives financial professionals and their clients the ability to view the cap, buffer, and time remaining in the outcome period for each fund.

“Invesco offers clients the flexibility to invest for their futures with a wide range of investment options,” said Clint Harris, head of wealth management platforms for Invesco. “We look forward to partnering with Pacific Life to expand its offering of investment options and help clients reach their financial goals by delivering customized strategies designed by Invesco Investment Solutions.”