Pacific Life and GEAM are collaborating on a variable annuity product for the first time. As of February 1st, Pacific Life has begun to offer the GE Investments Total Return Fund in its variable annuity platform, according to a press release. The fund from GE Asset Management Inc. is intended for investors who are looking for a long term, transparent product that seeks the highest total return with prudent investment risks. Such a product seems to fit the needs of baby boomers close to retirement. It plans to achieve that goal by using both current capital and its appreciation.
