Pacific Odyssey Advantage

Why DPL Likes Pacific Odyssey Advantage

Through Pacific Odyssey Advantage variable annuity, clients have access to a curated lineup of more than 100 investment options and allocation models. A diversified allocation of these investment options can help hedge against inflation risk and manage the effects of market volatility within a client's portfolio.

Pacific Odyssey Advantage offers a Portfolio Income Benefit rider at an additional cost, which is designed to help income payments continue growing even after withdrawals begin and during down markets. During the first 10 contract years, the protected payment base can increase annually by the greater of a 5% simple-interest credit or a reset if the account value is higher after that credit is applied.

Taking withdrawals during the first 10 years stops the annual credit, though resets may continue after year 10 when the contract anniversary value exceeds the protected payment base. Clients may also annuitize at no additional cost to create protected income for one life, two lives, or a specified period.

To help protect the client's initial investment, an optional Return of Purchase Payments Death Benefit rider can be purchased. This ensures beneficiaries receive a payout equal to total purchase payments or the account value, whichever is greater.

How to Think About Commission-Free VAs

When your client needs:

ANNUITY RESCUE+: For clients looking to move assets from their high-cost traditional annuity into a low-cost, commission-free solution, a "1035 exchange" may be appropriate, where an annuity owner can transition from one annuity product into another without incurring a taxable event. Possible benefits may include:

Low cost — if the goal is simply to achieve the lowest cost, DPL recommends using an investment-only variable annuity.

Guaranteed income — often clients purchase an annuity because they like the guaranteed income feature. Depending on your investment approach, DPL will find the product that is best suited for you and your client.

Tax-efficient withdrawal — if your client needs to begin taking income from an annuity, DPL can bring products and strategies to tax-efficiently withdraw funds.

Return of premium — utilizing a 1035 exchange into a solution with a return of premium benefit can be a thoughtful way of essentially "locking in gains," as the amount of the new premium will include any gains from the previous annuity. DPL brings several very low-cost and innovative strategies.‍

TAX DEFERRED GROWTH: For high income earners, low-cost annuities can provide tax deferral to benefit portfolio growth during a client's accumulation phase.

GUARANTEED LIFETIME INCOME: While other product types are generally better options for guaranteed lifetime income, variable annuities can provide the greatest investment flexibility of the product types that offer this feature — potentially generating additional growth of the portfolio. It may be more appropriate to use a low-cost VA during the accumulation phase and then, when the client is ready to begin taking out guaranteed lifetime income, move into the best available income product.

Advisor Materials:

National

Pacific Odyssey Advantage VA Brochure

Portfolio Income Benefit Fact Sheet

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New York

Pacific Odyssey Advantage VA Brochure – New York

Portfolio Income Benefit Fact Sheet – New York

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Both National and New York

Pacific Odyssey Advantage VA Fact Sheet

Pacific Odyssey Advantage VA Investment Guide

Pacific Odyssey Advantage VA Investment Lineup

Pacific Odyssey Advantage VA DCA+ Rate Sheet

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Disclosures:

Product information sourced directly from: https://www.pacificlife.com

Your clients should consider a variable annuity's investment objectives, risks, charges, and expenses carefully before investing. Go to pacificlife.com for prospectuses containing this and other information. Encourage them to read it carefully.

Variable annuities are contracts purchased from a life insurance company that are designed for long-term retirement goals and are subject to market risk, including loss of principal.

No investment strategy insures a profit or protects against losses in a down market.

All guarantees are based on the financial strength and claims-paying ability of the issuing insurance company.

The purchase of an annuity within a retirement plan that already provides tax deferral under sections of the Internal Revenue Code results in no additional tax benefits. An annuity should be used to fund a qualified plan based upon the annuity's features other than tax deferral. All annuity features, risks, limitations, and costs should be considered prior to recommending the purchase of an annuity within a tax-qualified retirement plan. In addition to surrender charges, withdrawals are subject to income tax.