Core Income Advantage Select

Up to 5.6% Protected Lifetime Income for Clients Who Need Income Now

Core Income Advantage Select is not available in New York.

For your clients who need income now and are looking for predictable income to last a lifetime, consider Core Income Advantage Select (CIA Select). It offers reliable, protected income, so your clients can grow their other assets over time.

Consider this for clients who:

  • Are age 65 and older.

  • Would like to take income now.

  • Need predictable income for life.

Core Income Advantage Select can be added at contract issue or within 60 days after a contract anniversary. 


Withdrawal Percentages

For all states except New York

 Age at First Withdrawal Single Life Joint Life
Prior to 65 0%
65+ 5.6% for life 5% for life

Early Withdrawals

Prior to age 65 (based on the youngest spouse’s age for Joint Life), any withdrawal amount will reduce the protected payment base by either the amount of the withdrawal or on a proportionate basis, whichever results in the lower protected payment base. If an early withdrawal reduces the contract value to zero, Core Income Advantage Select will terminate, and clients will not receive the guaranteed lifetime income amount.


Excess Withdrawals

The protected payment base receives pro rata treatment. If a withdrawal exceeds the protected payment amount, the protected payment base will be reduced on a proportionate basis for the amount in excess of the protected payment amount. If a withdrawal exceeds the protected payment amount and reduces the contract value to zero, the optional benefit will terminate.


Guarantees are subject to the claims-paying ability and financial strength of the issuing insurance company and do not protect the value of the variable investment options, which are subject to market risk.

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.

Annuity withdrawals and other distributions of taxable amounts, including death benefit payouts, will be subject to ordinary income tax. For nonqualified contracts, an additional 10% federal income tax may apply on net investment income. If withdrawals and other distributions are taken prior to age 59½, an additional 10% federal tax may apply. A withdrawal charge also may apply. Withdrawals will reduce the contract value and the value of the death benefits, and also may reduce the value of any optional benefits.

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.

Optional benefits are available for an additional cost. Only one optional guaranteed minimum withdrawal benefit (GMWB) can be purchased on a variable annuity. 

Not all optional benefits are available at all broker/dealer firms or in all states. Contact your broker/dealer or Pacific Life for more information.

Contract Form Series: ICC20:10-1252, 10-17800, 10-178OR (state variations may apply)

Rider Series: ICCI3:20-1258, ICCI3:20-1259 (state variations may apply)

Pacific Life, its distributors, and respective representatives do not provide tax, accounting, or legal advice. Any taxpayer should seek advice based on the taxpayer's particular circumstances from an independent tax advisor or attorney.

Pacific Life is a product provider. It is not a fiduciary and therefore does not give advice or make recommendations regarding insurance or investment products.

Unless otherwise noted, all aforementioned money managers, their distributors, and affiliates are unaffiliated with Pacific Life and Pacific Select Distributors, LLC.

Pacific Life refers to Pacific Life Insurance Company and its subsidiary Pacific Life & Annuity Company. Insurance products can be issued in all states, except New York, by Pacific Life Insurance Company or Pacific Life & Annuity Company. Product/material availability and features may vary by state. Each insurance company is solely responsible for the financial obligations accruing under the products it issues. 

Variable insurance products are distributed by Pacific Select Distributors, LLC (member FINRA & SIPC), a subsidiary of Pacific Life Insurance Company and an affiliate of Pacific Life & Annuity Company. 

The home office for Pacific Life & Annuity Company is located in Phoenix, Arizona. The home office for Pacific Life Insurance Company is located in Omaha, Nebraska.

No bank guarantee • Not a deposit • Not FDIC/NCUA insured • May lose value • Not insured by any federal government agency

For financial professional use only. Not for use with the public.

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