SD
● Active
Stepped-Up Death Benefit II
Pacific Life Insurance Company
DTCC ID
—
COMPANY
Pacific Life Insurance Company
TYPE
Variable Annuity
INCEPTION
Nov 03, 2014
Identity
Benefit name
Stepped-Up Death Benefit II
Internal benefit name
Stepped-Up Death Benefit II
Company
Product policy type
Variable Annuity
Status
● Active
Sequence
4
Inception date
Nov 03, 2014
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
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
Available during accumulation phase only. Upon death of owner or annuitant, benefit will be greater of - 1) Death Benefit Amount; or 2) Guaranteed Minimum Death Benefit Amount. Death Benefit Amount is greater 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.
Effect change ownership
Issuer will recalculate benefit amount upon change in ownership.