Legacy Protection

Through Death Benefits

Markets Are Uncertain, but Leaving a Legacy Doesn't Have to Be

Just as markets have their uncertainties, life has them as well. If a client unexpectedly passes away during a market downturn, what becomes of his or her legacy?

Most Pacific Life variable annuities include a standard return-of-premium death benefit for no additional cost. We also offer optional death benefits that give clients the opportunity to add to their legacies, for an additional cost.

We Make It Simple

  • Clients may allocate funds to any combination of investment options for use with a standard or optional death benefit.
  • We do not require managed-volatility investment options or asset-transfer programs to be eligible for death benefits.

Comparison of Key Features

Stepped-Up Death Benefit


Lock In Market Gains for Beneficiaries

Beneficiaries will receive the greater of the highest contract value on any previous contract anniversary prior to the owner's or annuitant's 81st birthday, or the standard death benefit amount.

The death benefit amount is increased for additional purchase payments and decreased by an adjustment for withdrawals. The adjustment is proportionate and may be more or less than the actual amount withdrawn.

Contract owners and annuitants must be age 75 or younger at issue.

Optional benefit guarantees are offered at the time the client purchases the annuity for an additional annual fee of 0.20% of each subaccount's assets (deducted daily).

Earnings Enhancement
Death Benefit (EEDB)

Help Offset the Impact of Taxes

An additional percentage of earnings is added to the death benefit amount.

  • 40% of earnings (owners/annuitants ages 0–69 at issue).
  • 25% of earnings (owners/annuitants ages 70–75 at issue).
  • Earnings are equal to the contract value on the date of death minus the remaining purchase payments. There is no limit to total earnings.

Contract owners and annuitants must be age 75 or younger at issue.

Offered with certain variable annuities for an additional annual fee of 0.25% of the contract value (deducted annually).


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.

Let's Talk!

Pacific Life has helped millions of people achieve their retirement goals for more than 150 years. Let's talk about how we can help you build the future your clients envision.


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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 contract must have growth in excess of the remaining purchase payments in order for EEDB to be applicable. If there are no earnings in the contract, no benefit will be paid and the client will have incurred the charge but not received a benefit.

Rider Series: 20-1307-2, 20-1295, 20-1296, 20-1264, 12-1306-2, 20-13500

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