Pacific Life announced that it enhanced its registered index-linked annuity (RILA), Pacific Protective Growth, with the ability to track market indexes and provide levels of protection during market downturns.
Enhancements to the RILA include the Annual Lock with Cap Rate crediting strategy that provides an index measurement for each year of a 6-year term, maintaining the same maximum crediting rate (cap) each year. Pacific Protective Growth is also bolstered by all-buffer protection options to help simplify client conversations, as well as one-, two-, three- or six-year terms and a 100% buffer option on its Cap Rate strategy for increased flexibility when personalizing accumulation and protection.
“After our successful launch of Pacific Protective Growth in late 2024, we challenged ourselves to enhance the product further,” said Nick Weber, Vice President, Annuity Product Development at Pacific Life. “We’re introducing powerful enhancements that meet our ongoing goals of greater simplicity, clarity and flexibility for clients, making the product even more responsive to their evolving needs.”
In addition to these enhancements, Pacific Protective Growth continues to offer Income Guard, an optional lifetime withdrawal benefit, for an added cost. The RILA comprises five indexes, including two that track index-based ETFs, and leverages two strategies not found together anywhere else, according to Pacific Life.
A Tiered Participation Rate with Cap Rate crediting strategy multiplies index performance, which could accelerate growth with interest credited at a rate higher than the index return.
The company’s Performance Mix crediting strategy calculates a weighted average of returns from three indexes, giving the highest weight to the best-performing index over the past six years.
“We’re committed to enhancing our product in ways that demonstrate our focus on innovation and support of financial professionals and their clients,” said Kevin Kennedy, Chief Sales and Marketing Officer, Consumer Markets at Pacific Life. “As customer needs evolve, we look forward to continuing to offer a broad range of retirement income solutions designed to help meet them.”
According to LIMRA, RILAs continue to experience growth, with industry-wide sales 20% higher in 2025 than in the previous year.
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