Expedition 2 with MVA
Pacific Life
10%
Free W/D
53
States
Pacific Expedition 2 is a deferred fixed annuity that grows your retirement savings with guaranteed interest rates and tax deferral, then converts to lifetime income when you're ready. It's designed for people who want safety, predictable growth, and guaranteed lifetime retirement paychecks.
Free Withdrawal
10%/yr
Available In
53 states
Min Premium
$25,000
Surrender
7 years
Key Features
Guaranteed Interest Rates
Rates higher for deposits of $100,000+Choose an initial guaranteed period of 3, 5, or 7 years and lock in a fixed interest rate. After that, Pacific Life guarantees a renewal rate each year that won't drop below your contract's minimum.
Tax Deferral
Example: $100K grows to $180,611 pretax over 20 years at 3% vs. $149,765 after-tax in taxable investmentInterest compounds without annual income taxes, allowing your money to grow faster. You only pay taxes when you withdraw funds.
Purchase Payment Guarantee
Full protection of principalYou're guaranteed to receive at least your total purchase payments back, minus any prior partial withdrawals and their charges.
Flexible Withdrawals
First withdrawal available after 30 daysWithdraw up to 10% annually without charges during the guarantee period. Withdrawals as low as $500 anytime, or set up systematic withdrawals starting at $250 monthly.
Lifetime Income Options
Minimum payment of $240; payments continue for lifeAfter year 1, convert your contract to guaranteed lifetime income with multiple payout options: Life Only, Life with Period Certain, Life with Cash Refund, and joint life options.
Death Benefit Protection
Passes directly to designated beneficiariesIf you pass away before annuitizing, your beneficiaries receive the contract value and can avoid probate. Spouses can continue the contract.
Highlights
Lock in guaranteed interest rates for 3, 5, or 7 years with no market risk to your principal
Tax-deferred growth means your money compounds without annual income tax until you withdraw it
Convert to guaranteed lifetime income payments after the first contract anniversary
Access up to 10% of your contract value annually without surrender charges
Your purchase payments are guaranteed—you'll never receive less than what you put in
Surrender Schedule
Yr 1
7%
Yr 2
7%
Yr 3
7%
Yr 4
7%
Yr 5
6%
Yr 6
5%
Yr 7
4%
After
0%
Nursing home waiver, RMD waiver, Terminal illness waiver
Best For
Retirees and pre-retirees who prioritize safety and predictable income over market growth, have funds they won't need for 3–7 years, and want guaranteed lifetime income they can't outlive.
Consider Alternatives If
Investors who need frequent access to their money, expect high returns, or want to leave flexibility to access funds penalty-free; also not suitable as the only funding vehicle for IRAs or 401(k)s since those are already tax-deferred.
Carrier Ratings
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