Pacific Frontiers® II

A Deferred Fixed Annuity

Pacific Frontiers II is not available in Montana.

Pacific Frontiers II offers interest-rate guarantees for the entire guaranteed term. There are no annual contract, mortality & expense, or administrative fees.

Client Profiles

Consider Pacific Frontiers II for:

  • Conservative pre-retirees and retirees.
  • Clients looking for certainty with a guaranteed interest rate.
  • Savers interested in steady growth potential without market risk.

Key Features

Choice of Several Guaranteed Interest-Rate Terms

Guaranteed interest-rate terms may range from one to 10 years. Click here for current terms and rates. Only one guaranteed interest-rate term may be selected per contract. Additional payments not permitted.

Additional Information

At the end of the guaranteed term, clients may either:

  • Renew to the same guaranteed term or transfer the contract value to a different available guaranteed term at the current guaranteed interest rate. The withdrawal charge schedule will reset (except in FL, NJ, NY, or OR). The renewal rate will never be lower than the minimum guaranteed interest rate stated in the contract.
  • Withdraw a partial amount or the entire contract value without charges.

Clients have 30 days after the end of a guaranteed term to make an election. During this time, withdrawal charges and a market value adjustment (MVA) will not apply. If no election is made, the contract value will automatically transfer into the same guaranteed term, if available. There are two exceptions when determining the renewal guaranteed term:

  • Availability: If the current guaranteed term is not available, the contract value will automatically transfer into the shortest guaranteed term available. 
  • Annuity Date: If the same guaranteed term exceeds the annuity date, the contract value will automatically transfer into the next shortest term that does not exceed the annuity date.

The new guaranteed term will receive the current interest rate, and the withdrawal charge schedule will reset (except in FL, NJ, NY, or OR).

Withdrawal Charges and Fees

Withdrawal charges apply for seven years, or for the length of the guaranteed term if less than seven years. When a guaranteed term matures and the client renews into a new guaranteed term, the withdrawal charge schedule will reset. (The withdrawal schedule will not reset in FL, NJ, NY, or OR.)

7 Years

Current Year of Selected Guaranteed Period 1 2 3 4 5 6 7
Charge per Withdrawal
7% 6% 5% 4% 3% 2% 1%


Market Value Adjustments (MVAs)

Applies to withdrawals and contract values annuitized before the end of the guaranteed term in excess of the previous 12 months’ credited interest.

During the 30 days after the end of a guaranteed term, a market value adjustment (MVA) will not apply.


Withdrawals without Charge

Withdrawals are permitted 30 days after contract issue. Withdrawals of interest credited greater than the previous 12 months of earned interest can be withdrawn without charge or an MVA.

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

  • Required minimum distribution (RMD) withdrawals (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 the first contract year if confined to an accredited nursing home for 60 days as long as not confined when the contract is issued.  Not available in CA.
  • Surrenders on the maximum annuitization date.
  • Death benefit proceeds.
  • Annuity income payments (available after the first year; an MVA may apply). 

Clients may convert the contract to annuity income payments one year after contract issue, an MVA may apply.

Annuity Income Options Available

  • Life Only.
  • Life with Period Certain (5–30 years1)
  • Joint and Survivor Life.
  • Period Certain Only (up to 30 years1)

Fixed annuitization only
Partial annuitization is not available

Monthly, quarterly, semiannually, annually

Minimum Annuity Income Payment Amount

Death Benefit
If death occurs before annuity income payments begin, a death benefit equal to the contract value is paid at the death of the first owner or the last annuitant.

Premium: Single premium. All cash purchase payments must be submitted with the application. 1035 exchange/transfer requests must be submitted with the application and the funds received within 60 days (90 in NY) after contract issue.

Minimum Purchase Payment: $10,000 (qualified and nonqualified).

Maximum: $1 million; total purchase payments greater than $1 million require Pacific Life home-office approval in advance.

Maximum Annuitant/Owner Issue Age: 85

Maximum Annuitization Age: 95

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

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

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 a 10% additional tax if withdrawn before age 59½. For nonqualified contracts, an additional 3.8% federal tax may apply on net investment income. Withdrawal will reduce the contract value of the death benefits, and also may reduce the value of any optional benefits. 

No guaranteed rate will be less than the minimum guaranteed rate stated in the contract. Pacific Life determines, at its discretion, annual interest rates in excess of the stated minimum guarantee in the contract.

Pacific Frontiers II (30-1170, including state variations) are issued by Pacific Life.

For Use With Clients

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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.

Pacific Life refers to Pacific Life Insurance Company and its affiliates, including Pacific Life & Annuity Company. Insurance products are issued by Pacific Life Insurance Company in all states except New York and in New York by Pacific Life & Annuity Company. Product 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 (Newport Beach, CA) and an affiliate of Pacific Life & Annuity Company. Variable and fixed annuity products are available through licensed third parties.

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