Standard Product
Pacific Life
Pacific Secure Income is a deferred income annuity structured as a Qualified Longevity Annuity Contract (QLAC) that lets you use a portion of your IRA to create guaranteed lifetime income starting at age 85 or later, while lowering your taxable RMDs in the years before payments begin.
Key Features
RMD Reduction
$41,409 cumulative tax savings example (ages 70-84)Assets used to purchase a QLAC are excluded from RMD calculations until income payments begin, potentially lowering your taxable income by thousands annually
Maximum Purchase Limit
$125,000 or 25% of IRA balanceYou can invest the lesser of $125,000 or 25% of your aggregated IRA account values
Income Start Date
Deferrable up to age 85You choose when guaranteed payments begin, with maximum deferral to age 85, allowing your investment to grow and payments to increase
Guaranteed Lifetime Income
Example: $37,673 annually starting at age 85Once payments start, you receive steady, guaranteed income for life regardless of market conditions or how long you live
Payout Options
Multiple options including cash refund and return of purchase payment benefitsChoose from single life, joint life, or joint and survivor options with various death benefit features to protect your family
Payment Frequency
Four frequency optionsReceive your guaranteed income monthly, quarterly, semi-annually, or annually to match your needs
Highlights
Reduces Required Minimum Distributions (RMDs) before age 85, potentially saving thousands in taxes
Provides guaranteed lifetime income starting at a future age you choose (up to age 85)
Allows you to defer up to $125,000 from your IRA while continuing to grow remaining assets
Delivers significantly higher income payments in later years when you may need it most
Protects your spouse and heirs with death benefit options and spousal continuation rights
Best For
Retirees age 50+ with substantial IRA balances who want to reduce current taxes, don't need immediate income, and want guaranteed lifetime income to cover expenses in their 80s and beyond.
Consider Alternatives If
Anyone who needs access to their money before age 85, those with small IRA balances, or individuals who prefer flexible withdrawal options.
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