Pacific Life Insurance Company has created a new indexed universal life policy offering no cap on growth.
The company says the new product, the High Par 5-Year Indexed Account, protects against market downturns with a guaranteed annual interest rate no less than zero.
As with other indexed accounts offered by Pacific Life, Newport Beach, Calif., High Par 5-Year Indexed Account credits interest based in part on the positive performance of the S&P 500 index
The High Par 5-Year Indexed Account is available with Pacific's Indexed Accumulator III UL policy an its Pacific Estate Preserver.
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