Pacific Harbor
Guarantee Term Options 1
Choose between two options: 3 -Year 5 -Year
Interest Rates 2
The initial interest rate credited will depend on the total of all purchase payments received at issue. Depending on the amount of your purchase payments, you may receive a higher interest rate. There are two interest-rate breakpoints: L ess than $200,000 $ 200,000 or more No rate will be less than the guaranteed minimum interest rate stated in the contract.
Withdrawal Charge
Pacific Harbor has no withdrawal charges. In certain instances, a Market Value Adjustment (MVA) may apply.
Market Value Adjustments (MVA) 3
When applied, MVA may result in an increase or decrease to amounts withdrawn from your contract. For more information about the MVA formula, please refer to the MVA endorsement that accompanies the contract.
Income Options
You may convert your contract into reliable income payments after the first year through fixed annuitization .
Death Benefit
If death occurs before annuity income payments begin, a death benefit equal to the contract value is paid on the death of the first owner or the last annuitant.
Minimum Initial Purchase Payments
$25,000 (nonqualified and qualified) All cash payments and 1035 exchange/transfer requests must be submitted with the application. Subsequent payments are not allowed.
Age Guidelines
Maximum Annuitant/Owner Issue Age: 85 Maximum Annuitization Age: 95
For additional information, please speak with your financial professional and review the Pacific Harbor contract summary.
All guarantees are subject to the claims-paying ability and financial strength of the issuing insurance company. 1 The interest rate credited on the initial purchase payment is guaranteed for the length of the Initial Guarantee Term selected. After the Initial Guarantee Term expires and on all subsequent contract anniversaries, a renewal rate will be declared by Pacific Life and is guaranteed for one contract year. 2 If a purchase payment received after issue causes the total purchase payments (less withdrawals) to exceed the current breakpoint, then the crediting rate may be increased. 3 MVA may apply to withdrawals during the Initial Guarantee Term in excess of 10% of the prior anniversary’s contract value (10% of purchase payments of the first year). There is no MVA assessed on withdrawals made after the guarantee term has expired.
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