Best Guaranteed Annuity Rates

Pacific Expedition 2

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Learn how an annuity can provide guaranteed income for life.


Key Takeaways

  • Long-term deferred fixed annuity with tax deferral benefits
  • Choice of three initial guaranteed periods: three, five, seven years
  • Withdrawals may begin after 30 days of contract issue
  • 10% of purchase payments/contract value can be withdrawn without charge annually
  • Offers access to contract value in case of terminal illness or nursing home confinement
  • Full withdrawal guarantees value at least equal to total purchase payments
Premium Type
Single Premium
Market value adjustment
Return of premium
Free withdrawal
Types of funds
Non-Qualified, 401k, IRA, IRA Transfer, TSA 403b, 1035 Exchange, Inherited IRA, NQ Stretch, and TSP
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Pros and Cons of Pacific Expedition 2


  • Offers tax deferral
  • Choice of guarantee periods
  • Allows partial withdrawals
  • Prevents loss due to market performance
  • Provides guaranteed retirement income


  • Tax implications on withdrawals
  • Potential withdrawal charges in excess to defined limit
  • Lacks flexibility of partial annuitization
  • Death benefits proceed only before annuity payments begin
Pacific Expedition 2 deferred fixed annuity is a long-term contract between you and an insurance company that helps: 
  • Grow retirement income through the power of tax deferral. 
  • Lock in guaranteed interest rates for a term you choose. 
  • Convert your assets to guaranteed lifetime retirement income.
Choose from Three Initial Guaranteed Periods
You may select one of three initial guaranteed periods, locking in an initial guaranteed interest rate for the period you select. Choose from: 
  • Three years 
  • Five years 
  • Seven years
After the initial guaranteed period expires and on all subsequent contract anniversaries, a renewal rate will be declared by Pacific Life and guaranteed for one year. This rate will never be lower than the minimum guaranteed interest rate stated in your contract. All initial guaranteed periods may not be available at all times, in all states, or offered by all broker/dealers. Check with your financial professional.


Because you can never predict the future, you still have the ability to access your money when you need it. Withdrawals may begin as soon as 30 days after contract issue and are available through: 
  • Systematic withdrawals. Withdraw at least $250 ($100 for electronic funds transfer) either monthly, quarterly, semiannually, or annually. 
  • Partial withdrawals. Withdraw $500 or more at any time. 
Withdrawals without Charge
You may withdraw amounts up to 10% of your purchase payments in the first contract year and 10% annually of your contract value during the remainder of the withdrawal charge period (based on the contract value from the previous contract anniversary) without a withdrawal charge. Additionally, you may take withdrawals without a charge for the following reasons: 
  • Required minimum distribution (RMD) withdrawals (calculated by Pacific Life). 
  • Withdrawals after the first contract year if diagnosed with a terminal illness (life expectancy of 12 months or fewer). 
  • Withdrawals after the first 90 days if confined to an accredited nursing home for 30 days or more, as long as you are not confined to a nursing home when the contract is issued. 
  • Death benefit proceeds. 
  • Annuity income payments (available after the first contract year). 
Purchase-Payment Guarantee
If you need access to your money and surrender your contract, upon a full withdrawal, you will receive an amount at least equal to your total purchase payments minus any prior partial withdrawals including any withdrawal charges on those prior partial withdrawals. If you have not taken any partial withdrawals prior to the full withdrawal, then you will always get an amount at least equal to your total purchase payments.

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.

  • TSP funds have to be rolled into a different account.
  • If the owner of NQ stretch passes away, we would not be able to issue a new NQ stretch (2nd generation inherited NQ contracts)

Find out if the Pacific Expedition 2 is the right product for you.


MYGA Interest Rates

Annual percentage yield (APY)
earned over the investment term
3 years 3.35%
5 years 3.9%
7 years 3.95%


No Riders for Pacific Expedition 2 annuity.


No Waivers for Pacific Expedition 2 annuity.

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