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403(b)(7) Opportunities Now Available Through Pacific Life

NEWPORT BEACH, CA -- (Marketwired) -- 08/08/14 -- Pacific Life is expanding its retirement plan offerings and making it easier for financial advisors to offer mutual fund solutions for employer-sponsored 403(b)(7) plans. The Pacific Life 403(b)(7) Program is designed for K-12 public school employees and combines the strengths of investment options offered through Pacific Life Funds and dedicated service from a leading retirement-plan service provider, Aspire, to create a cost-effective solution for participants to save for retirement.

Flexible Investment Options
Through Pacific Life Funds, the program can help plan sponsors and participants achieve their investment goals by offering mutual funds based on the principles of diversification and income generation. This enables financial advisors to help their clients select solutions suited to their needs and risk-reward preferences.

The Pacific Life 403(b)(7) Program offers access to the PL Portfolio Optimization Funds -- five target-risk funds that range from conservative to aggressive that make diversification easy. The program also provides access to the PL Fixed-Income Funds -- six fixed-income funds that seek higher levels of income with the ability to adapt to changing market conditions.

Dedicated Service
With a retirement-plan service provider like Aspire providing recordkeeping services, plan sponsors can receive the support they need to help participants reach their retirement planning goals. For participants, the user website provides access to view account balances, research investment options, and print statements.

For more information about the Pacific Life 403(b)(7) Program, financial advisors are invited to visit www.PacificLife.com or talk to a Pacific Life consultative wholesaler at (800) 722-2333.

About Pacific Life
Offering insurance since 1868, Pacific Life provides a wide range of life insurance products, annuities, and mutual funds, and offers a variety of investment products and services to individuals, businesses, and pension plans. Pacific Life counts more than half of the 100 largest U.S. companies as its clients. For additional company information, including current financial strength ratings, visit www.PacificLife.com.

Pacific Life refers to Pacific Life Insurance Company and its affiliates, including Pacific Life & Annuity Company. Client count as of June 2014 is compiled by Pacific Life using the 2014 FORTUNE 500® list.

Aspire -- Delivering Smart Retirement Solutions
Aspire Financial Services, LLC is a leading service provider of smart retirement solutions. Serving the industry for over 12 years with a conflict-free, open-architecture retirement planning management system, Aspire offers the most extensive capabilities nationwide for all plan types. Aspire provides a best-in-class technology-enabled portfolio of pre-defined or highly customizable smart retirement solutions with private-label branding options through its proprietary technology platform and strategic partnerships. To learn more about Aspire's unique capabilities that deliver smart retirement solutions, visit https://www.aspireonline.com or call 866.634.5873.

Pacific Life and its affiliates do not provide any employer-sponsored qualified plan administrative services or impartial investment advice and do not act in a fiduciary capacity for any plan. Please contact your plan administrator for any questions relating to your plan. Investors should consult their tax advisors and attorneys regarding their specific situations. Pacific Life offers the 403(b)(7) Program. Aspire provides recordkeeping services and is not a broker/dealer or an investment advisor. For information regarding administrative and recordkeeping services for the Pacific Life 403(b)(7) Program, call Aspire at (866) 634-5873. Pacific Life offers the Individual(k) and Keystone 401(k) Programs. Ascensus provides administrative and recordkeeping services for the Individual(k) and Keystone 402(k) Programs and is not a broker/dealer or investment advisor. For information regarding administrative and recordkeeping services for the Pacific Life Individual(k) Program or the Pacific Life Keystone 401(k) Program, call Ascensus, Inc., at (800) 345-6363. Pacific Life and its affiliates are not affiliated with Aspire or Ascensus.

About Risk
As with any mutual fund, the value of the Funds' holdings will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. The Funds are subject to interest-rate risk (bond prices generally fall when interest rates rise) and credit risk (the risk an issuer may be unable or unwilling to meet its financial obligations). Floating-rate loans involve risk of default on interest or principal payments along with risks of bankruptcy and illiquidity. The Funds invest in high-yield bonds (also known as "junk bonds"), which have greater credit risk than higher-quality bonds. The Funds are subject to liquidity risk (the risk that certain investments may be difficult to purchase and sell in adverse market conditions). Investments in foreign markets are subject to currency fluctuations, political changes, and less liquidity than U.S. investments. Investments rated below investment grade are generally subject to greater price volatility and illiquidity than higher-rated investments.

Asset allocation, although intended to provide diversification, does not guarantee future results, ensure a profit, or protect against loss. Better returns could be achieved by investing in an individual fund or funds representing a single asset class rather than using asset allocation. A fund-of-funds is subject to its own expenses along with the expenses of the underlying funds. It is typically exposed to the same risks as the underlying funds in which it invests in proportion to the allocation of assets among those underlying funds. Each underlying fund has its own investment goal, strategy, and risks and is not available for individual purchase. The prospectuses for the underlying funds are available at www.PLFunds.com.

This material is not intended to be used, nor can it be used by any taxpayer, for the purpose of avoiding U.S. federal, state, or local tax penalties. This material is written to support the promotion or marketing of the transaction(s) or matter(s) addressed by this material. 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.

You should carefully consider an investment's goals, risks, charges, strategies, and expenses. This and other information about Pacific Life Funds are in the prospectus available from your financial advisor or by calling (800) 722-2333, option 2. Read the prospectus carefully before investing.

Mutual funds are offered by Pacific Life Funds. Pacific Life Funds are distributed by Pacific Select Distributors, Inc. (member FINRA & SIPC), a subsidiary of Pacific Life Insurance Company (Newport Beach, CA), and are available through licensed third-party broker/dealers.

Documents and/or Photos available for this release:

The Pacific Life 403(b)(7) Program is designed for K-12 public school employees.

To view supporting documents and/or photos, go to www.enr-corp.com/pressroom and enter Release ID: 376533

Contact:
June Arce
Pacific Life
Phone: (949) 219-6916
E-Mail: [email protected]

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