BD
● Active
Basic Death Benefit
Pacific Life Insurance Company
DTCC ID
—
COMPANY
Pacific Life Insurance Company
INCEPTION
May 02, 2022
CLOSED
—
Identity
Benefit name
Basic Death Benefit
Internal benefit name
Basic Death Benefit
Company
Status
● Active
Inception date
02 May 2022
Closed date
—
Description & Notes
Benefit description
Available during accumulation phase. Upon death of owner or annuitant, benefit will be greater of - 1) Contract Value plus any pro-rata Index-Linked Interest; or 2) guaranteed minimum surrender value. Guaranteed Minimum Surrender Value is equal to purchase payments accumulated at a fixed interest rate (set at contract issue) minus prior withdrawals.