Pacific Index Foundation 2 ^®

A Deferred, Fixed Indexed Annuity

Pacific Index Foundation 2 is not available in California or New York.

Pacific Index Foundation 2 offers flexibility for the initial guarantee period and the rate guarantee term lengths. It also features:

Guaranteed interest rates and interest-linked caps for the entire withdrawal charge period.
Six indexes, including two custom indexes.
No annual contract, mortality & expense, or administrative fees.

Client Profiles

Consider Pacific Index Foundation 2 for:

Conservative pre-retirees and retirees.
Savers interested in growth potential without market risk.
Looking to leave a legacy to their beneficiaries.

Key Features

Choice of Contract Terms

5 years
7 years
10 years

Choice of Rate Guarantee

Clients can choose from two term lengths at contract issue:

Lock in rates for the chosen withdrawal charge period: 5, 7, or 10 years.
Lock in rates for one year. Rates are guaranteed for one year and are subject to change upon annual renewal.

Clients cannot change the initial guaranteed period after a selection is made. At the end of the initial guaranteed period, all term periods are one year only. Initial rates and caps are guaranteed for the initial guaranteed period selected, and crediting rates depend on the client's selection.

Initial interest rates and caps are guaranteed for the length of the initial guaranteed period chosen. Only one initial guaranteed period may be selected per contract.

Transparent Indexes. Simple, Flexible Interest-Crediting Options.

Pacific Index Foundation 2 offers a variety of Interest-Crediting Options.

Fixed Account Option
S&P 500^® Index: Point-to-Point with Cap Rate
S&P 500^® Index: Point-to-Point with Performance-Triggered Rate
Invesco QQQ ETF: Point-to-Point with Cap Rate
Invesco QQQ ETF: Point-to-Point with Performance-Triggered Rate
iShares^® Russell 2000 ETF: Point-to-Point with Cap Rate
iShares^® Russell 2000 ETF: Point-to-Point with Performance-Triggered Rate
MSCI EAFE^®: Point-to-Point with Cap Rate
MSCI EAFE^®: Point-to-Point with Performance-Triggered Rate
Barclays Large Cap Intraday VC10: Point-to-Point with Participation Rate
SG Nasdaq-100 Edge VC10: Point-to-Point with Participation Rate

Clients have the flexibility to allocate to one or any combination of options, and can choose to reallocate their options at the end of each index term or Fixed Account Option term.

Optional Benefit

Pacific Index Foundation 2 offers an optional beneficiary benefit that can help protect and enhance the legacy your clients leave to their beneficiaries.

Interest Enhanced Death Benefit

Interest Enhanced Death Benefit can enhance the legacy your clients leave to loved ones by providing guaranteed growth of the Death Benefit Base, no matter how the market performs. The Death Benefit Base is guaranteed to grow by the amount of interest credited to the contract, plus an additional 2% roll-up, compounded annually for up to 20 years, up to 85 , or up to a maximum roll-up amount of 250% of total purchase payments (adjusted proportionately for withdrawals), whichever is earlier.

Fee: 0.40% of the Death Benefit Base deducted from the contract value annually.

Additional Information

Withdrawal Charges and Fees

Withdrawal charges apply only during the Withdrawal Charge Period or Contract Term when the amounts taken are more than those discussed in the "Withdrawals without Charge" section below.

The following withdrawal charge schedules will apply as indicated in all states (except CA).

5 Years

Contract Year	1	2	3	4	5
Charge per Withdrawal	8%	8%	8%	7%	6%

7 Years

Contract Year	1	2	3	4	5	6	7
Charge per Withdrawal	8%	8%	8%	7%	6%	4%	4%

10 Years

Contract Year	1	2	3	4	5	6	7	8	9	10
Charge per Withdrawal	8%	8%	8%	7%	6%	4%	4%	3%	2%	1%

Market Value Adjustments (MVAs)

If either of the following occur during the withdrawal charge period, an MVA may apply (in addition to any applicable withdrawal charges):

Withdrawals in excess of 10% of the prior anniversary’s contract value (10% of purchase payments in the first year).

For more information about the MVA formula, please refer to the MVA rider that accompanies the contract. View daily index yields for the J.P. Morgan 5-,7-, and 10-Year U.S. Liquid Indices here.

There is no MVA assessed on withdrawals made after the withdrawal charge period has expired.

Withdrawals without Charge

Withdrawals are permitted 30 days after contract issue. In the first contract year, the maximum that may be withdrawn without a charge is 10% of the total purchase payments. For each subsequent contract year, the maximum is 10% of the contract value as of the prior contract anniversary.

In addition, withdrawal charges and the MVA will be waived for:

Required minimum distribution (RMD) withdrawals (only if calculated by Pacific Life).
Withdrawals after the first contract year if diagnosed with a terminal illness (life expectancy of 12 months or fewer).
Withdrawals after 90 days of contract issue if confined to an accredited nursing home for 30 days or more as long as the nursing home confinement began after the contract was issued.
Beneficiary benefit proceeds.
Annuity income payments. (Available after the first contract year.)

Note: For Index-Linked Options, no interest is earned or credited on amounts withdrawn prior to the end of an index term.

Guaranteed Minimum Surrender Value

The Guaranteed Minimum Surrender Value is equal to 87.5% of purchase payments minus prior withdrawals, accumulated at a an interest rate applicable for the Interest-Crediting Option, which is set at contract issue.
Calculated at full withdrawal, death, or annuitization.
Clients are guaranteed to receive the greater of the contract value (minus applicable optional benefit charges, a market value adjustment (MVA), and/or withdrawal charges) or the Guaranteed Minimum Surrender Value.
The rates are guaranteed for the duration of the withdrawal charge period and then redetermined on each subsequent Contract Anniversary. The redetermined rates will not be lower than the minimum set at contract issue

Fixed Account Option

Each Fixed Account Option term is one contract year.
Interest is credited daily.
The initial rate is guaranteed for the length of the initial guaranteed period.
After the initial guaranteed period expires, renewal rates are declared annually and never will be lower than the minimum guaranteed interest rate stated in the contract.
The initial interest rate will depend on the contract term, initial guaranteed period chosen, and the total of all purchase payments received in the first year.

Index-Linked Options

Earns interest based on selected crediting methods and indexes.
Interest may be credited at the end of each one-year index term depending on the amount of change in an index price.
The initial interest crediting rates will depend on the contract value, initial guaranteed period chosen, and total of all purchase payments.

Interest Breakpoints

Breakpoints apply for all Interest-Crediting Options and are based on the total purchase payment:

Less than $100,000
$100,000 and more

If a subsequent purchase payment results in the total payments exceeding $100,000, the higher breakpoint will be used in determining the interest credited at the end of the initial term. Once a higher breakpoint is reached, subsequent withdrawals during the initial guaranteed period will not reduce breakpoint used to determine interest credited at end of initial guaranteed period. After an initial guaranteed period, a higher breakpoint will be used to determine interest credited for renewal terms if contract anniversary value exceeds $100,000.

Transfers

Transfers are effective on a contract anniversary but can be requested up to 30 days after contract anniversary.
At end of each contract year, clients may transfer value from Fixed Account Option or any Index Linked Options to another Index Linked Option or/and Fixed Account Option.

Clients may convert the contract to annuity income payments one year after contract issue.

The amount annuitized is equal to the contract value.
Pro rata index-linked interest is credited to the contract value upon annuitization.
Available one year after contract issue.

Annuity Income Options Available

Life Only
Single/Joint Life with Period Certain (5–30 years¹)
Joint and Survivor Life
Period Certain Only (up to 30 years¹)
Single Life or Joint Life with Cash Refund
Single Life or Joint Life with Installment Refund

Type

Fixed annuitization only
Partial annuitization is not available

Frequency

Monthly, quarterly, semiannually, annually

Minimum Annuity Income Payment Amount

$240

The annuity provides the standard beneficiary benefit that can help protect an amount for your beneficiaries and may avoid the cost and delays of probate. If death occurs before annuity income payments begin, the standard beneficiary benefit is equal to the greater of the contract value or the Guaranteed Minimum Surrender Value and is paid upon the death of the first owner or last annuitant. Pro rata index-linked interest is credited to the contract value on the Notice Date (the date Pacific Life receives the beneficiary benefit claim in good order).

Premium: Limited premium. 1035 exchange/transfer requests must be submitted with the application and the funds received within 60 days after contract issue.

Please note: Additional cash purchase payments up to $100,000 are permitted within the first 60 days of contract issue. Interest will be credited proportionately based on the date the additional purchase payment is received and the index return from the date the additional purchase payment is received to the end of the index term. This period may be less than the time frames listed above.

Minimum Purchase Payment: $25,000 (qualified and nonqualified).

Maximum: $2 million. Total purchase payments greater than $2 million require Pacific Life home-office approval in advance.

Maximum Annuitant/Owner Issue Age: 85

Maximum Annuitization Age: 110

Guarantees are subject to the claims-paying ability and financial strength of the issuing insurance company.

A beneficiary benefit is referred to as a death benefit in the contract summary.

¹For qualified contracts, the maximum length of time for the Period Certain options may be less than 30 years, if necessary, to comply with RMD regulations for annuities.

Fixed Annuity Rates & Resources

Rates

For Financial Professionals

No data found

For Use With Clients

Interest Enhanced Death Benefit for Pacific Index Foundation 2

Pacific Index Foundation 2 Client Guide

Pacific Index Foundation 2 Client Guide - Truist

Pacific Index Foundation 2 Fact Sheet

Pacific Index Foundation 2 Fact Sheet - Truist

Participation Rate Crediting Option Brochure

Performance Triggered Crediting Option Brochure

Understanding Fixed Indexed Annuities

Upside Potential Without the Downside Risk

What is the Real Rate of Return on CDs?

No data found

All guarantees are subject to the claims-paying ability and financial strength of the issuing insurance company.

All annuity contract and rider guarantees, or annuity payout rates, are the sole obligations of and backed by the claims-paying ability and financial strength of the issuing insurance company.

Not all products or optional benefits are available in all states or firms, and features may vary by state and firm. Fixed indexed annuities are not securities and do not participate directly in the stock market or any index, so they are not investments.

Annuities are long-term contracts designed for retirement. Annuity withdrawals and other distributions of taxable amounts, including death benefit payouts, will be subject to ordinary income tax. For nonqualified contracts, an additional 3.8% federal tax may apply on net investment income. If withdrawals and other distributions are taken prior to age 59½, an additional 10% federal income tax may apply. A withdrawal charge also may apply and a market value adjustment (MVA) also may apply. Withdrawals will reduce the contract value and the value of the death benefit, and also may reduce the value of any optional benefits.

Rates, renewal caps, declared interest rates, and participation rates, will never be set below the minimum stated in the contract. Pacific Life determines, at its discretion, rates, renewal caps, declared interest rates, and participation rates in excess of the minimum guaranteed in the contract.

The Product and its MSCI EAFE^® Index-Linked Options referred to herein are not sponsored, endorsed, or promoted by MSCI, and MSCI bears no liability with respect to any such Products or any index on which such Products are based. The Policy Contract contains a more detailed description of the limited relationship MSCI has with Pacific Life Insurance Company and any related products.

The S&P 500^® index is a product of S&P Dow Jones Indices LLC or its affiliates (“SPDJI”) and has been licensed for use by Pacific Life Insurance Company. S&P^®, S&P 500^®, US 500, The 500, iBoxx^®, iTraxx^®, and CDX^® are trademarks of S&P Global, Inc., or its affiliates (“S&P”); Dow Jones^® is a registered one trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”); and these trademarks have been licensed for use by SPDJI and sublicensed for certain purposes by Pacific Life Insurance Company. Pacific Life’s product is not sponsored, endorsed, sold, or promoted by SPDJI, Dow Jones, S&P, their respective affiliates, and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of the S&P 500^® index.

Invesco Capital Management LLC (“ICM”) serves as sponsor of QQQ (the “Invesco ETF”) and Invesco Distributors, Inc. (“IDI”), an affiliate of ICM serves as distributor for the Invesco ETF. The mark “Invesco” is the property of Invesco Holding Company Limited and is used under license. That trademark and the ability to offer a product based on the Invesco ETF(s) have been licensed for certain purposes by Pacific Life Insurance Company. Products offered by Pacific Life are not sponsored, endorsed, sold or promoted by ICM or Invesco Holding Company Limited, and purchasers of such products do not acquire any interest in the Invesco ETF(s) nor enter into any relationship with ICM or its affiliates. ICM makes no representations or warranties, express or implied, to the owners of any products offered by Pacific Life. ICM has no obligation or liability for any errors, omissions, interruptions, or use of the Invesco ETF(s) or any data related thereto, or with the operation, marketing, trading, or sale of any products or services offered by Pacific Life.

QQQ^® is a registered trademark of Nasdaq, Inc. and has been licensed for use by Invesco. Nasdaq makes no representation regarding the advisability of investing in QQQ and makes no warranty and bears no liability with respect to QQQ, its use or any data included therein.

The iShares Russell 2000 ETF is distributed by BlackRock Investments, LLC. iShares® and BlackRock®, and the corresponding logos, are registered trademarks of BlackRock, Inc. and its affiliates (“BlackRock”) and are used under license. BlackRock has licensed certain trademarks and trade names of BlackRock to Pacific Life Insurance Company for certain purposes. Pacific Life Insurance Company’s products and services are not sponsored, endorsed, sold, or promoted by BlackRock, and purchasers of such products do not acquire any interest in the iShares Russell 2000 ETF nor enter into any relationship of any kind with BlackRock. BlackRock makes no representations or warranties, express or implied, to the owners of any products offered by Pacific Life Insurance Company or any member of the public regarding the advisability of purchasing any product or service offered by Pacific Life Insurance Company. BlackRock has no obligation or liability for any errors, omissions, interruptions or use of the iShares Russell 2000 ETF or any data related thereto, or in connection with the operation, marketing, trading or sale of any Pacific Life Insurance Company product or service offered by Pacific Life Insurance Company.

The “Product” has been developed solely by Pacific Life. The Product is not in any way connected to or sponsored, endorsed, sold or promoted by the London Stock Exchange Group plc and its group undertakings (collectively, the “LSE Group”). FTSE Russell is a trading name of certain of the LSE Group companies. All rights in the Russell® 2000 Index (the “Index”) vest in the relevant LSE Group company which owns the Index. Russell® is a trademark(s) of the relevant LSE Group company and is/are used by any other LSE Group company under license. The Index is calculated by or on behalf of Frank Russell Company or its affiliate, agent or partner. The LSE Group does not accept any liability whatsoever to any person arising out of (a) the use of, reliance on or any error in the Index or (b) investment in or operation of the Product. The LSE Group makes no claim, prediction, warranty or representation either as to the results to be obtained from the Product or the suitability of the Index for the purpose to which it is being put by Pacific Life.

Neither Barclays Bank PLC (“BBPLC’”) nor its affiliates (collectively “Barclays”) are the issuer of any fixed index annuities. Pacific Life Insurance Company (“Pacific Life”), as issuer/producer of certain fixed index annuities (“Annuities”), has licensed the use of the Barclays Large Cap Intraday VC10 Index (“Index”), certain components of which are Barclays owned trademarks. BBPLC, as index sponsor, administers and publishes the Index.

Barclays does not sponsor, endorse, sell or promote Annuities nor has any responsibility, obligation or duty to any Annuities policyholder. Pacific Life may principally execute transaction(s) with Barclays regarding the Index, but policyholders only acquire Annuities from Pacific Life without entering into any relationship with Barclays. Barclays shall not be liable to Pacific Life, policyholders or any third parties regarding the use or accuracy of the Index or any data included therein.

The SG Nasdaq-100 Edge VC10 Index (the “Index”) is the exclusive property of SG Americas Securities, LLC (“SGAS”, together with its affiliates, “SG”). SG has contracted with Compass Financial Technologies SA (“Compass”) to maintain and calculate the Index. “Société Générale”, “SG”, “SG Americas Securities, LLC”, “SGAS”, and “SG Nasdaq-100 Edge VC10 Index” (collectively, the “SG Marks”) are trademarks or service marks of SG or have been licensed for use by SG from Nasdaq, Inc. and its affiliates (“Nasdaq”). SG has licensed use of the SG Marks to Pacific Life Insurance Company (“Pacific Life”) for use in a fixed indexed annuity offered by Pacific Life (the “Fixed Indexed Annuity”). SG’s sole contractual relationship with Pacific Life is to license the Index and the SG Marks.

None of SG, Compass, Nasdaq or other third party licensor (individually, an “Index Affiliate” and collectively, the “Index Affiliates”) to SG is acting, or has been authorized to act, as an agent of Pacific Life or has in any way sponsored, promoted, solicited, negotiated, endorsed, offered, sold, issued, supported, structured or priced the Fixed Indexed Annuity or provided investment advice to Pacific Life, and no Index Affiliate makes any representation whatsoever as to the advisability of purchasing, selling or holding any product linked to the Index, including the Fixed Indexed Annuity. No Index Affiliate shall have any liability with respect to the Fixed Indexed Annuity in which an interest crediting option is based on the Index and is not liable for any loss relating to the Fixed Indexed Annuity, whether arising directly or indirectly from the use of the Index, its methodology, any SG Mark or otherwise. Obligations to make payments under the Fixed Indexed Annuities are solely the obligation of Pacific Life. The selection of the Index as a crediting option under the Fixed Indexed Annuity does not obligate Pacific Life or SG to invest annuity payments in the components of the Index.

The level of the Index will be calculated after deducting a decrement of 0.75% per annum, calculated on a daily basis. This decrement will reduce the potential positive change in the Index and increase the potential negative change in the Index. While the volatility control applied by the Index may result in less fluctuation in rates of return as compared to indices without volatility controls, it may also reduce the overall rate of return as compared to products not subject to volatility controls.

Nasdaq^®, Nasdaq-100^® are trademarks of Nasdaq, Inc. (which with its affiliates is referred to as the “Corporations”) and are licensed for use by Pacific Life. The Fixed Indexed Annuities have not been passed on by the Corporations as to their legality or suitability. The Fixed Indexed Annuities are not issued, endorsed, sold, or promoted by the Corporations. THE CORPORATIONS MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO THE FIXED INDEXED ANNUITIES.

The indexes are not available for direct investment. S&P 500^®, MSCI, QQQ, and iShares Russell 2000 indexes do not include the reinvestment of dividends.

Insurance products and their guarantees, including optional benefits, annuity payout rates, and any crediting rates, are backed by the financial strength and claims-paying ability of the issuing insurance company. Look to the strength of the insurance company with regard to such guarantees because these guarantees are not backed by the independent broker/dealers, insurance agencies, or their affiliates from which products are purchased. Neither these entities nor their representatives make any representation or assurance regarding the claims-paying ability of the issuing company.

Pacific Index Foundation 2 (30-1601), including optional riders and endorsements (20-1413, 20-141, 20-1415, 20-1411, 20-1500), are issued by Pacific Life Insurance Company. Contract form series, rider series, and endorsements may vary by state.

25-VER-96

FAQ4454-00 9/25 E928

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