Future Income Generator

A Decade of Steady Growth. A Lifetime of Protected Income.


For clients who want income certainty, Future Income Generator  provides an annual credit for 10 years (or until the first withdrawal) and steady income for life, even if the contract value goes to zero.


Consider this for clients who:

  • Are looking for reliable future income. 
  • Want to grow their retirement income while waiting up to 10 years to begin taking income.
  • Are concerned about outliving their assets.



Annual Credit

  • A 7% simple-interest annual credit added to the protected payment base for up to 10 years assuming no withdrawals are taken.
  • Automatic annual resets to lock in market gains. After a reset, annual credits are based on the new protected payment base for the remainder of the 10 years or until the first withdrawal is taken.
  • If a withdrawal is taken, including a required minimum distribution (RMD), the annual credit ends.

Protected Lifetime Income

The lifetime withdrawal percentage is based on the age when the first withdrawal is taken or when the first withdrawal is taken after a reset. For Joint Life, the youngest spouse’s age is used to determine the lifetime withdrawal percentage. Guaranteed withdrawals may begin at age 59½.


Age at First Withdrawal

(or First Withdrawal After a Reset)

Single Life Joint Life
59½–64 4.25% 3.75%
65–74 5.40%
75+ 5.65%

Available Investment Options

A variety of investment options are available including Portfolio Optimization Portfolios, Pacific Dynamix® Portfolios, and asset-allocation funds. Exclusions may apply.


Early Withdrawals

Prior to age 59½ (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, Future Income Generator will terminate and the client will not receive protected lifetime income.


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.


Take the Next Step

Pacific Life has helped millions of people protect their families for more than 150 years. Let’s talk about how you can help your clients build a retirement plan that matches their visions for the future.




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 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.

Future Income Generator is named "Guaranteed Withdrawal Benefit XXII Rider--Single Life" and "Guaranteed Withdrawal Benefit XXII Rider--Joint Life" in the contract rider.

Only one optional guaranteed minimum withdrawal benefit (GMWB) can be purchased on a variable annuity. 

Living benefits are available for an additional cost. Not all 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: ICC20:10-1025, 10-17800, 10-178OR (state variations may apply)

Rider Series: ICC19:20-1427, ICC19:20-1428 (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.

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

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