Why Variable Annuities from Pacific Life?

Variable annuities provide growth opportunity through a diverse choice of market-based investment options. They also offer death-benefit protection and several options for taking income, including income for life.

Our suite of variable annuities is straightforward and easy to learn. In most products, we offer:

  • The same core investment options.
  • The same optional benefits for lifetime income, principal protection, and legacy protection, which are all available for an additional cost.
  • The ability to add certain optional living benefits after issue, subject to availability.
  • A standard return-of-premium death benefit.

Traditional and Fee-Based Variable Annuities

Growth Opportunity by Investing in the Markets

For long-term investors who want to grow money faster through tax-deferral. There are a wide variety of investment options, death benefit protection for loved ones, and options for lifetime income including full and partial annuitization. Lifetime income, principal protection, and enhanced death benefit protection, optional benefits are available for an additional cost.

Commonly used:

  • As a tax-deferred investment-only platform for cost-conscious investors, that includes a standard death benefit.
  • To provide clients guaranteed income, regardless of market performance, through competitive withdrawal rates on optional guaranteed withdrawal benefits. Available for an additional cost. 

  • Pacific Choice

    A traditional variable annuity offering a 5-year withdrawal charge period with 1.20% mortality & expense and administrative fees.

  • Pacific Odyssey

    A fee-based variable annuity, with no withdrawal charges and 0.30% mortality & expense and administrative fees.

Guarantees, including optional benefits, 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.

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

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. 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.

Under current law, a nonqualified annuity that is owned by an individual is generally entitled to tax deferral.

Variable annuities (10-1252, 10-1253, 10-17800, 10-1170, 10-1600, 10-1600-L, 10-1212, 10-1185, 10-1185-L, 10-10300, 11-1128, 10-1130, including state variations) are issued by Pacific Life.


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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