EE
● Terminated
Earnings Enhancement Death Benefit
Pacific Life Insurance Company
DTCC ID
—
COMPANY
Pacific Life Insurance Company
TYPE
Variable Annuity
INCEPTION
Nov 18, 2016
Identity
Benefit name
Earnings Enhancement Death Benefit
Internal benefit name
Earnings Enhancement Death Benefit
Company
Product policy type
Variable Annuity
Status
● Terminated
Sequence
3
Inception date
Nov 18, 2016
Closed date
May 01, 2019
DTCC Rider ID
—
Last modified
Jun 13, 2024
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
None.
Partial withdrawals
None.
Required min distributions
None.
Coverage Flags
Exclude premium bonus
No
Spousal continuation option
Yes
Spousal continuation detail
Surviving spouse may elect to continue benefit after death of owner. For benefit value contact the issuer.
State Availability
Exception flag
No
Available in states
—
Benefit Description
Rider provides for an additional amount based on earnings at the time of proceeds become payable. Benefit value is equal to the contract value as of the date of death less remaining purchase payments (initial purchase payment plus additional purchase payments (if any) less any withdrawals). If the rider is issued within 60 days after the Contract Date, then the Rider effective date coincides with that Contract Date.
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; 4) death; 5) Contract is terminated; or 6) Surviving spouse age over 75 on the continuation date.
Available when added
No longer available for new purchases.
Effect change ownership
Change in ownership resets the remaining purchase payment value. For details contact the issuer.