IE
● Active
Interest Enhanced Death Benefit
Pacific Life Insurance Company
DTCC ID
—
COMPANY
Pacific Life Insurance Company
TYPE
Indexed Annuity
INCEPTION
Jul 17, 2017
Identity
Benefit name
Interest Enhanced Death Benefit
Internal benefit name
Interest Enhanced Death Benefit
Company
Product policy type
Indexed Annuity
Status
● Active
Sequence
2
Inception date
Jul 17, 2017
Closed date
—
DTCC Rider ID
—
Last modified
Sep 16, 2022
Life & Age
Based on life
Owner and Annuitant
Single life
No
Joint life
No
Min age
—
Max age
—
Rider select rule
Optional
Waiting period
—
Waiting term
—
Benefit Base
Maximum benefit base
—
Maximum benefit base %
—
With reduce benefit base
—
Subsequent premium
—
Partial withdrawals
—
Required min distributions
—
Coverage Flags
Exclude premium bonus
No
Spousal continuation option
No
State Availability
Exception flag
No
Available in states
—
Benefit Description
Interest Enhanced Death Benefit is an optional benefit that guarantees your death benefit will grow annually by the amount of interest credited to your contract, plus an additional 2%, for either 20 years or until age 85, or in New Jersey, Ohio, Oregon, Pennsylvania, Utah, and Washington, until the maximum roll-up amount of 250% of total purchase payments (adjusted proportionately for withdrawals) is reached, whichever is earlier. Beneficiaries will receive the greater of the benefit base or the standard death benefit amount upon the death of the first owner or last annuitant.
Lifecycle Events
Termination
Benefit will automatically terminate upon earliest of - 1)The death benefit becomes payable to your beneficiaries, 2) termination of contract, 3) surrender, 4) You convert your contract to annuity income payments.
Available when added
At issue.