SD
● Terminated
Stepped-Up Death Benefit
Pacific Life Insurance Company
DTCC ID
—
COMPANY
Pacific Life Insurance Company
TYPE
Variable Annuity
INCEPTION
—
Identity
Benefit name
Stepped-Up Death Benefit
Internal benefit name
Stepped-Up Death Benefit
Company
Product policy type
Variable Annuity
Status
● Terminated
Sequence
2
Inception date
—
Closed date
Apr 01, 2001
DTCC Rider ID
—
Last modified
Jun 10, 2025
Life & Age
Based on life
Owner (or Annuitant if owner is a non-natural person)
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
Subsequent purchase payment will increase benefit base by dollar-for-dollar amount.
Partial withdrawals
Withdrawals will reduce benefit base in same proportion.
Required min distributions
—
Coverage Flags
Exclude premium bonus
No
Spousal continuation option
Yes
Spousal continuation detail
Surviving spouse may elect to continue benefit after death of owner.
State Availability
Exception flag
No
Available in states
—
Benefit Description
Owner may elect during accumulation phase only. Upon death of annuitant, benefit will be greater of - 1) Death Benefit Amount or 2) Guaranteed Minimum Death Benefit Amount. Death Benefit Amount is greatest of - 1) contract value, or 2) total purchase payments adjusted for withdrawals. GMDB benefit base equals contract anniversary values prior to annuitant's 81st birthday, reduced for withdrawals and increased by purchase payments made.
Lifecycle Events
Cancellation
Benefit may automatically terminate under certain conditions.
Termination
Benefit will automatically terminate upon earliest of - 1) annuitization, 2) surrender, 3) contract value and benefits base reduces to zero, or 4) death.
Available when added
Only at contract issue.