BD
● Active
Basic Death Benefit
Pacific Life Insurance Company
DTCC ID
—
COMPANY
Pacific Life Insurance Company
TYPE
Variable Annuity
INCEPTION
Jan 09, 2012
Identity
Benefit name
Basic Death Benefit
Internal benefit name
Basic Death Benefit
Company
Product policy type
Variable Annuity
Status
● Active
Sequence
1
Inception date
Jan 09, 2012
Closed date
—
DTCC Rider ID
—
Last modified
Jun 06, 2025
Life & Age
Based on life
Owner (or Annuitant if owner is a natural entity)
Single life
No
Joint life
No
Min age
—
Max age
—
Rider select rule
Mandatory
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
Available during accumulation phase. Upon death of owner or annuitant, benefit will be greater of - 1) contract value; or 2) total adjusted purchase payments, adjusted for withdrawals. Change in ownership will reset the total adjusted purchase payments, to the lesser of the 1) Contract Value on the changed date; or 2) total adjusted purchase payments as on the change date.
Lifecycle Events
Cancellation
May not be cancelled.
Termination
May not be terminated.
Available when added
At the time of issue.
Effect change ownership
Change in ownership to someone other than the spouse of the old owner, or to a non-natural person, where owner and annuitant are not the same, total adjusted purchase payments will be reset.