RO
● Active
Return of Purchase Payments Death Benefit II
Pacific Life Insurance Company
DTCC ID
—
COMPANY
Pacific Life Insurance Company
TYPE
Variable Annuity
INCEPTION
Jan 19, 2021
Identity
Benefit name
Return of Purchase Payments Death Benefit II
Internal benefit name
Return of Purchase Payments Death Benefit II
Company
Product policy type
Variable Annuity
Status
● Active
Sequence
3
Inception date
Jan 19, 2021
Closed date
—
DTCC Rider ID
—
Last modified
May 05, 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
Not Applicable.
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
Yes
Available in states
—
Not available in states
AL, AK, AZ, AR, CO, CT, DE, DC, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY
Benefit Description
Available during accumulation phase only. Upon death of owner (any Annuitant for Non-Natural Owners), benefit will be equal to the greater of - 1) Contract Value or 2) Total Adjusted Purchase Payments. If owner change, the total adjusted purchase payments will be reset to equal the lesser of -1) Contract Value as of the effective date of the Owner change or 2) Total Adjusted Purchase Payments as of Change Date. Available in CA only.
Lifecycle Events
Cancellation
May not be cancelled.
Termination
Benefit will automatically terminate upon earliest of - 1) annuitization; 2) surrender; 3) full withdrawal; or 4) death.
Available when added
Only at contract issue.
Effect change ownership
Issuer will recalculate benefit amount upon change in ownership.