Additional purchase payments are permitted within the first 60 days of contract issue. Interest will be credited proportionally based on the index return from the time the additional purchase payment is received to the end of the index term. This period may be less than the time frames listed above.
All withdrawal charge periods may not be available at all times, at all broker/dealers, or in all states.
Guaranteed Minimum Surrender Value
You are guaranteed growth in certain situations with the Guaranteed Minimum Surrender Value (GMSV), even if your selected index or indexes have negative returns and your contract value earns no interest. If you make a full withdrawal (surrender) of your contract value, or upon death or annuitization, you will receive at least 87.5% (91% in IA, MN, MO, NH, NJ, PA, UT, and WA) of your total purchase payments, minus withdrawals and applicable optional benefit fees (except in AL, IA, MN, MO, NC, NH, NJ, OH, PA, UT, and WA), accumulated at 3.00% annually. The Guaranteed Minimum Surrender Value applies for the life of the contract.
1The breakpoint determines which interest rate or cap is applied to the contract value at the end of the index term. The breakpoint is based on the total purchase payment received.
2A cap applies to the Point-to-Point Option and is the maximum amount of interest that can be earned for the index term if the return is positive and exceeds the cap. The rate is the interest rate that will be earned on the Performance-Triggered Index Option if the index return is flat or positive.
No guaranteed rate will ever be set below the minimum or above the maximum stated in the contract. Pacific Life determines, at its discretion, annual interest rates in excess of the minimum or below the maximum guaranteed in the contract.
For the Fixed Account Option, interest will be credited daily at a rate that compounds over the course of one year to the annualized effective interest rate, assuming no withdrawals. Rates after the guaranteed term may change each year.
For the Index-Linked Options, initial caps are set at contract issue and guaranteed for one-contract year. Renewal caps and declared interest rates will be declared for subsequent one-year index terms and may change.
For more information, refer to the Contract Summary. A fixed indexed annuity is not a security and does not participate directly in the stock market or any index, so it is not an investment.
The "S&P 500® index" is a product of S&P Dow Jones Indices LLC or its affiliates ("SPDJI"), and has been licensed for use by Pacific Life Insurance Company. Standard & Poor’s® and S&P® are registered trademarks of Standard & Poor's Financial Services LLC ("S&P"); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC ("Dow Jones"). Pacific Life's product is not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, their respective affiliates, and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of the S&P 500® index.
The index is not available for direct investment, and index performance does not include the reinvestment of dividends.
Pacific Index Edge is named “Individual Limited Premium Deferred Fixed Annuity” in the contract.
Pacific Index Edge is not available in New York.
Annuity withdrawals and other distributions of taxable amounts, including death benefit payouts, will be subject to ordinary income tax. For nonqualified contracts, an additional 3.8% federal tax may apply on net investment income. If withdrawals and other distributions are taken prior to age 59½, an additional 10% federal tax may apply. A withdrawal charge and a market value adjustment (MVA) also may apply. Withdrawals will reduce the contract value and the value of the death benefits, and may reduce the value of any optional benefits.