RO
● Active
Return of Investment Death Benefit
Pacific Life Insurance Company
DTCC ID
—
COMPANY
Pacific Life Insurance Company
TYPE
Variable Annuity
INCEPTION
Feb 19, 2021
Identity
Benefit name
Return of Investment Death Benefit
Internal benefit name
Return of Investment Death Benefit
Company
Product policy type
Variable Annuity
Status
● Active
Sequence
2
Inception date
Feb 19, 2021
Closed date
—
DTCC Rider ID
—
Last modified
May 09, 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
Not Applicable.
Partial withdrawals
Withdrawals includes advisory fee withdrawals will reduce Death Benefit Amount in same proportion that the withdrawal reduces the contract Value.
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
CA
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. Withdrawals for advisory fees up to 1.5% of the Contract Value during the calendar year will not impact the Death Benefit Amount under the Benefit. Any advisory fee withdrawals that exceed this annual limit will result in a reduction of the Death Benefit Amount.
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.