#390 | Pacific Life Turns the Tide

pink sand on beach

This week, Pacific Life announced that it’s going to do something that it hasn’t done since February of 2011 – a cap increase for its legacy Indexed UL suite that dates all the way back to 2005. The previous increase in 2011 pushed the S&P 500 point-to-point cap from 12% to 13%, where it stayed for the next two years until February of 2013 when it reverted back to 12%. Since then, the cap for that account has steadily declined all the way down to 7.5%, which is lower than the 8% default (and maximum) illustrated rate that Pacific Life used prior to AG 49.