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Pacific Expedition 2 NY

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Key Takeaways

  • Pacific Expedition 2 offers guaranteed, tax-deferred growth and guaranteed interest for selected term
  • Choice of three initial guaranteed periods: three years, five years, seven years
  • Withdrawals can begin 30 days after contract issue
  • 10% of purchase payments can be withdrawn annually without withdrawal charge
  • Purchase-payment guarantee ensures at least total purchase payments on full withdrawal, minus any prior partial withdrawals.
  • If death before annuity income payments begin, a death benefit equal to contract value is paid.
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 NY


  • Offers tax-deferred growth
  • Offers guaranteed interest for selected term
  • Allows for flexible withdrawal options
  • Guaranteed death benefits for beneficiaries


  • Withdraws can't be made within 30 days of contract issue
  • Applying a purchase-payment guarantee decreases the purchase payment
  • Withdrawal charges apply for amounts larger than 10%
  • Limited access to money
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 NY 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 NY annuity.


No Waivers for Pacific Expedition 2 NY annuity.

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