Core Protect Plus

An Optional Guaranteed Minimum Withdrawal Benefit Available with Certain Pacific Life Variable Annuities

7% Annual Credit for up to Five Years


Do you have clients who are:

  • Age 60 or older?
  • Looking to take income in five years?
  • Wanting guaranteed increases to their income amount while they wait to take withdrawals?

Core Protect Plus provides your clients:

  • A 7% annual credit added to the protected amount for up to five years if no withdrawals are taken.
  • A choice of 15 investment options to allocate their portfolios according to their investment styles.
  • Locked-in pricing that will not increase for the life of the contract.

Lifetime Income Withdrawal Percentage
(as a Percentage of the Protected Payment Base)

Single Life (Age 65+)

Joint Life (Age 65+)

5% 4.5%
  • Single Life charge: 1.10%
  • Joint Life charge: 1.25%

Charge as of 12/1/18 and will not change as long as the rider is in effect. The charge is an annual percentage of the protected payment base and is deducted quarterly. Refer to the latest rate sheet prospectus supplement at for current charges.

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


Variable annuities are designed to help provide clients with income in retirement, including optional benefits which allows them to begin taking withdrawals without annuitizing their contract.

Want an illustration? Speak with a Pacific Life Consultative Wholesaler


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 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 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.

The annual credit increases the amount that can be withdrawn in later years, but is not added to your contract value. The GMWB riders do not guarantee a rate of return or growth rate.

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.

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