The optional index account is linked to the S&P 500 whose return is subject to a cap rate and a participation rate.
Pacific Life has introduced Payout Plus, a benefit option for its structured settlements annuity shelf, giving policyholders an opportunity to 'receive more than the guaranteed baseline payment'. In the US, a structured settlements annuity results from a legal agreement involving personal injury or lawsuit compensation. As an alternative to a lump sum, the contracts generally allow the plaintiff to receive guaranteed lifetime income payments without incuring taxes. At Paci