Pacific Life adds equity indexed UL.
Pacific Life Insurance Co. in August launched Pacific Indexed Accumulator A hardware register used to hold the results or partial results of arithmetic and logical operations.
(processor) accumulator - In a central processing unit, a register in which intermediate results are stored. , an equity indexed universal life insurance product that offers both an indexed account linked to the S&P 500 Index and an account with traditional fixed interest rates. Annual crediting rates never fall below 0%, and the five-year cumulative guaranteed rate is 2% a year. Three death-benefit options are available.
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