Offering value and protection, Pacific Choice 2 gives clients the freedom to meet their retirement goals—on their terms.
Pacific Choice 2
A Deferred Variable Annuity
Pacific Choice 2 Can Provide Clients:
Growth
- Choose from 100+ investment options to facilitate growth with the flexibility to adjust as clients’ needs change.1
- Obtain unlimited growth potential and tax deferral.
- Reduce fee drag through a cost-conscious 1.10% ME&A with additional breakpoints to lower fees even further.
Protection
Add Investment Guard2 (all states except New York) to:
- Protect your clients’ purchase payments3 at the end of five, seven, or 10 years.
- Lock in a 10%, 15%, or 20% protection option depending on the term chosen.
- Allocate among 90+ investment options.
- Allocate up to 100% equity exposure.
Add Protected Investment Benefit (New York only)2 to:
- Protect your clients’ assets at the end of five or seven years.3
- Allocate up to 80% equity exposure.
Income
Add Core Income Advantage (CIA) Select2 (all states except New York) to:
- Receive up to 5.6% protected lifetime income when clients need income now.
- Give clients flexibility to add at issue or when your client is ready on a future contract anniversary.
Wealth Transfer
Add Optional Stepped-Up Death Benefit2 to lock in market gains that can be passed to the next generation.
Add Optional Earnings Enhancement Death Benefit2 (all states except New York) to help offset the impact of taxes during wealth transfers.
Add Optional Return-of-Premium Death Benefit2 to lock in a minimum amount that can be passed down to the next generation.
Key Details
For complete product details view the Pacific Choice 2 Fact Sheet →
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Purchase Payments
Qualified
$2,000 initial
$50 subsequent
Nonqualified
$10,000 initial
$250 subsequent
For aggregate purchase payments totaling more than $1 million, contact Pacific Life for approval.
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Charges & Fees
0.85%
M&E Risk Charge
(0.80% for contract values between $500,000—$999,999)4
(0.75% for contract values over $1 million)4
0.25%
Administrative Fee
$50
Annual Contract Fee
In All States Except New York
0.28%—2.21%
Total Gross Fund Expense Range
0.28%—1.58%
Total Net Fund Expense Range
In New York
0.28%—1.86%
Total Gross Fund Expense Range
0.28%—1.58%
Total Net Fund Expense Range
Access to Money
Contract Year |
Charge per |
|---|---|
| 1 | 7% |
| 2 | 7% |
| 3 | 6% |
| 4 | 5% |
| 5 | 3% |
Take the Next Step
Start A Conversation
How may we support you? Let's talk about:
- A specific client scenario
- Getting appointed
- Running an illustration (if non-appointed)
- Any other questions you might have
1The value of the variable investment options will fluctuate so that shares, when redeemed, may be worth more or less than the original cost.
2Optional benefits are available for an additional cost.
3Subsequent payments after year 1 are not protected.
4Contract values greater than $500,000 may qualify for a reduction for the upcoming contract quarter, and are redetermined each contract quarterly anniversary. Please refer to the prospectus for additional information.
Investors should carefully consider a variable annuity's risks, charges, limitations, and expenses, as well as the risks, charges, expenses, and investment goals of the underlying investment options. This and other information about Pacific Life are provided in the product and underlying fund prospectuses. These prospectuses should be read carefully before investing.
Broker/dealer and state variations may apply. Contact your broker/dealer for availability.
Annuity withdrawals are taxable as ordinary income when distributed and may be subject to an additional 10% federal income tax if withdrawn before age 59½. For nonqualified contracts, an additional 3.8% federal tax may apply on net investment income. Withdrawals will reduce the contract value and the value of the death benefits, and also may reduce the value of any optional benefits. The value of the variable investment options will fluctuate so that shares, when redeemed, may be worth more or less than the original cost.
Core Income Advantage Select is named “Guaranteed Withdrawal Benefit X Rider–Single Life” and “Guaranteed Withdrawal Benefit X Rider–Joint Life” in the contract rider. Investment Guard is named “Guaranteed Minimum Accumulation Benefit” in the contract rider. Protected Investment Benefit is named “Guaranteed Minimum Accumulation Benefit” in the contract rider.
Contract Form Series: ICC22:10-1352, 10-2352
Rider Series: ICC13:20-1258, ICC13:20-1259, ICC14:20-1295, ICC22:20-1125-B, ICC22:20-1126-B, ICC22:20-1356-A, ICC22:20-1357-A, ICC22:20-1358-A, icc22:20-1359-a, icc22:20-1360-A, ICC22:20-1361-A, 20-2354, 20-2355 (state variation may apply).
Insurance product and rider guarantees, including optional benefits and any fixed crediting rates or annuity payout rates, are backed by the financial strength and claims-paying ability of the issuing insurance company and do not protect the value of the variable investment options. They are not backed by the broker-dealer from which this annuity is purchased, by the insurance agency from which this annuity is purchased, or any affiliates of those entities, and none makes any representations or guarantees regarding the claims-paying ability of the issuing insurance company.
24-180B
VAQ2680-1124 11/24