Wealth Management
A Lifetime of Love, A Plan for Tomorrow
August 04, 2026
David and Julie have been married for over 35 years. They spent their lives raising two sons, working hard, paying off their mortgage, and building the retirement they had always dreamed about, finally being able to travel and enjoy their life together.
Leading up to their retirement, David's biggest concern was making sure Julie would be financially secure if something were to happen to him. David decided to reach out to his Financial Professional, Zach, to discuss purchasing life insurance with the accumulated assets he had in his Traditional IRA. Zach explained to him that unfortunately, qualified retirement assets, from an IRA, cannot be rolled over into a life insurance policy.
During their meeting, Zach explained there was another way to help protect Julie financially. He suggested moving part of David’s Traditional IRA into a Pacific Life Variable Annuity with an Earnings Enhanced Death Benefit. Zach explained that if the annuity earned money over time, this benefit could increase what Julie would receive if David passed away. For example, if David invested $200,000 and the annuity grew by $50,000, Julie could receive it worked, David felt confident and decided to move forward with the annuity.
Several years later, David passed away unexpectedly. Julie was devastated and overly concerned about her retirement years without him. She placed a call into Zach for some guidance. Zach explained to her that David took the time to plan ahead and that she was the beneficiary on an annuity that had an added death benefit. It was David's way of making sure she would always have financial support.
At the end of their conversation, Julie was relieved. Although, saddened by the loss of her husband, she knew now that her future was more secured by the love of her life and she had that to treasure throughout her retirement.
A Clear Course Ahead
Disclosure
The information contained herein is general in nature, has been obtained from various sources believed to be reliable and is subject to changes in the Internal Revenue Code, as well as other areas of law. This material is for informational purposes only and should not be construed as a solicitation of any particular insurance product or insurance carrier. Insurance is sold through Oppenheimer Life Agency, Ltd. (OLA), an indirect wholly owned subsidiary of Oppenheimer Holdings. Before purchasing a policy of insurance, please review both the insurance carrier and the insurance policy carefully before investing. A strategic alliance exists between OLA and various outside providers whereby products and services may be utilized. Such providers may receive compensation as a result of the strategic alliance. However, the firms are completely independent of each other. This material is not a recommendation as defined in Regulation Best Interest adopted by the Securities and Exchange Commission. Oppenheimer & Co. Inc. Transacts Business on all Principal US Exchanges and is a Member of SIPC. 9053185.1