Pacific Choice® 2

A Deferred Variable Annuity

Offering value and protection, Pacific Choice 2 gives clients the freedom to meet their retirement goals—on their terms.


Pacific Choice 2 Can Provide Clients:


  • Choose from 100+ investment options to facilitate growth with the flexibility to adjust as clients’ needs change.1
  • Obtain unlimited growth potential and tax deferral.
  • Reduce fee drag through a cost-conscious 1.10% ME&A with additional breakpoints to lower fees even further.


Add Investment Guard2 to:

  • Protect your clients’ purchase payments3 at the end of five, seven, or 10 years.
  • Lock in a 10%, 15%, or 20% protection option depending on the term chosen. 
  • Allocate among more than 80 investment options. 
  • Allocate up to 100% equity exposure.


Add Core Income Advantage (CIA) Select2 to:

  • Receive up to 5% protected lifetime income when clients need income now.
  • Give clients flexibility to add at issue or when your client is ready on a future contract anniversary.

Wealth Transfer

Add optional Stepped-Up Death Benefit2 to lock in market gains that can be passed to the next generation.

Add optional Earnings Enhancement Death Benefit2 to help offset the impact of taxes during wealth transfers.

Add optional Return-of-Premium Death Benefit2 to lock in a minimum amount that can be passed down to the next generation.


Key Details

For complete product details, view the Pacific Choice 2 Fact Sheet →

Purchase Payment


$2,000 initial
$50 subsequent



$10,000 initial
$250 subsequent


For aggregate purchase payments totaling more than $1 million, contact Pacific Life for approval.

Charges & Fees

M&E Risk Charge

(0.80% for contract values between $500,000—$999,999)4
(0.75% for contract values over $1 million)4

Administrative Fee

Annual Contract Fee

Total Net Fund Expense Range

Access to Money

Contract Year

Charge per

1 7%
2 7%
3 6%
4 5%
5 3%

Performance & Resources


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How may we support you? Let's talk about:

  • A specific client scenario.
  • Getting appointed.
  • Running an illustration (if non-appointed).
  • Any other questions you might have.
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1The value of the variable investment options will fluctuate so that shares, when redeemed, may be worth more or less than the original cost.
2Optional benefits are available for an additional cost.
Subsequent payments after year 1 are not protected. 
4Contract values greater than $500,000 may qualify for a reduction for the upcoming contract quarter, and are redetermined each contract quarterly anniversary. Please refer to the prospectus for additional 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.

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. 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.

Core Income Advantage Select is named “Guaranteed Withdrawal Benefit X Rider–Single Life” and “Guaranteed Withdrawal Benefit X Rider–Joint Life” in the contract rider. Investment Guard is named “Guaranteed Minimum Accumulation Benefit” in the contract rider.

Contract Form Series: ICC22:10-1352

Rider Series: ICC13:20-1258, ICC13:20-1259, ICC14:20-1295, ICC22:20-1125-B, ICC22:20-1126-B, ICC22:20-1356-A, ICC22:20-1357-A, ICC22:20-1358-A, ICC22:20-1359-A, ICC22:20-1360-A, ICC22:20-1361-A (state variation 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.