An immediate annuity is designed to provide reliable income immediately (or within one year of purchase). With it, you can tailor income to fit your needs and create income that lasts for life.
Current guaranteed interest rates offered in our fixed annuities.
Financial strength ratings for the companies issuing our annuity products.
For withdrawals, beneficiary changes, fund transfers, and more.
Guarantees are backed by the financial strength and claims-paying ability of the issuing insurance company.
Pacific Life, its distributors, and respective representatives do not provide tax, accounting, or legal advice. Any taxpayer should seek advice based on the taxpayer's particular circumstances from an independent tax advisor or attorney.
Nonqualified contracts may not be subject to the various requirements for qualified contracts, but are still subject to an additional 10% federal tax for annuity payments, withdrawals, and other distributions prior to age 59½. While there are exceptions to this additional federal tax under IRC Section 72(q), certain payment options may not comply. The payment acceleration feature may be considered a modification to the 72(q) program and may subject the series of 72(q) withdrawals, including any prior withdrawals, to an additional 10% federal tax. For nonqualified contracts, an additional 3.8% federal tax may apply on net investment income.
Broker/dealer and state variations may apply. Contact your broker/dealer for availability.
Pacific Life refers to Pacific Life Insurance Company and its affiliates, including Pacific Life & Annuity Company. Insurance products are issued by Pacific Life Insurance Company in all states except New York and in New York by Pacific Life & Annuity Company. Product availability and features may vary by state. Each insurance company is solely responsible for the financial obligations accruing under the products it issues.
Fixed annuities issued by Pacific Life (Newport Beach, CA) are available through licensed, independent third parties.
Contract Form Series: ICC10:30-1181, 30-1181OR (subject to state variations)
Pacific Life is a product provider. It is not a fiduciary and therefore does not give advice or make recommendations regarding insurance or investment products.
No bank guarantee • Not a deposit • Not FDIC/NCUA insured • May lose value • Not insured by any federal government agency