Nonqualified Annuities

Nonqualified annuities are great tools for individuals to save for their retirement. The annuity will grow tax deferred, although the contributions do not receive any initial income tax deductions.

  • Contract Structuring
    When setting up (structuring) an annuity contract, questions about who should be the owner, annuitant, or beneficiary are often asked. With nonqualified annuities, the decision regarding who will be owner and annuitant can be complicated. It is important to know the goals of the owner and any relevant information.
  • Charitable Planning
    If your clients' retirement objectives include lifetime income planning and leaving a legacy for both heirs and charitable organizations, using a charitable remainder trust (CRT) may be an effective strategy to help balance these goals.
  • Trust Planning
    Pacific Life offers tools to assist you in working with clients as they navigate using deferred annuities in trust planning. These materials can help you better understand the types of trusts, enabling you to start a conversation regarding estate taxes and leaving a legacy.
 

Want to Talk Further on this Topic?

The Retirement Strategies Group, subject-matter specialists with advanced degrees and designations such as CFA®, CFP®, ChFC®, CLU®, and JD, are ready to help.

Call:
(800) 722-2333, ext. 3939
In New York, (800) 748-6907, ext. 3939

Email:
RSG@PacificLife.com

Pacific Life, its distributors, and respective representatives do not provide tax, accounting, or legal advice. Any taxpayer should seek advice based on the taxpayer's particular circumstances from an independent tax advisor or attorney.

Pacific Life is a product provider. It is not a fiduciary and therefore does not give advice or make recommendations regarding insurance or investment products.

Pacific Life refers to Pacific Life Insurance Company and its affiliates, including Pacific Life & Annuity Company. Insurance products are issued by Pacific Life Insurance Company in all states except New York and in New York by Pacific Life & Annuity Company. Product availability and features may vary by state. Each insurance company is solely responsible for the financial obligations accruing under the products it issues. 

Variable insurance products are distributed by Pacific Select Distributors, LLC (member FINRA & SIPC), a subsidiary of Pacific Life Insurance Company (Newport Beach, CA) and an affiliate of Pacific Life & Annuity Company. Variable and fixed annuity products are available through licensed third parties.

No bank guarantee • Not a deposit • Not FDIC/NCUA insured • May lose value • Not insured by any federal government agency