Expedition II
Pacific Life
4.8%
5-yr guarantee
10%
Free W/D
Live product data
Rates as of May 29, 2026, based on the latest AdvisorWorld scan of CANNEX data.
5-year guaranteed rate
4.8% guaranteed for 5 years
Pacific Expedition II is a jumbo-tier, no-MVA MYGA from A+-rated Pacific Life with three published guarantee-period choices (three, five, and seven years), a published per-year free-withdrawal allowance, and a surrender ladder that prices early exits without an additional market-value adjustment.
Best fit
Safety-first buyers committing $100,000 or more who want a known, contractually guaranteed annual rate from an A+-rated national carrier across a choice of three-, five-, or seven-year guarantee periods, specifically prefer a no-MVA filing so early-exit pricing depends only on the surrender ladder, and value having a published per-year free-withdrawal allowance as built-in liquidity.
AM Best
A+ Superior
Surrender period
7 years
Free withdrawal
10%/yr
Product analyst notes
How to think about this contract
Why it can stand out
- No market-value adjustment on this filing (hasMva=false on the live feed) — unlike the sibling Expedition 2 with MVA, an early exit on this contract is priced through the surrender ladder alone, without an additional interest-rate-driven MVA on top.
- Three published guarantee-period choices — three, five, and seven years — let a buyer match the rate-lock window to a specific planning horizon rather than being forced into a single term.
- A.M. Best A+ rated carrier financial-strength on a national-footprint life insurer, so the strength view backing the principal lockup does not rest on a single niche-market carrier.
- A published per-year free-withdrawal allowance gives the buyer named penalty-free liquidity inside what is otherwise a fully-committed term, so the lockup is not absolute.
What to confirm
- The minimum premium on the published rate sheet is $100,000 — this is a jumbo-tier MYGA filing, so the rates on this page do not apply to smaller premiums. Buyers funding below the published minimum will need to look at a different filing (Pacific Harbor in this same family is the sub-$200,000 sibling).
- There is no GLWB income rider and no Protected Income Value chassis — this is a fixed-rate MYGA, not a rider-led income product. Buyers who specifically need a contractually published lifetime withdrawal rate should look at a rider-led FIA or a SPIA, not this MYGA.
- Pacific Life now offers a newer sibling filing — Pacific Expedition 2 with MVA (opened May 2025) — alongside this contract. The two filings publish different rate sheets and different MVA constructions; buyers should compare the two side by side rather than picking either by name alone.
- The published surrender ladder runs the full seven years (matching the longest guarantee term), so a buyer who picks the three- or five-year guarantee period will still be inside a longer surrender window than the rate-lock window — confirm both the guarantee term and the surrender schedule against your liquidity plan.
Not ideal for
Buyers who need a guaranteed-lifetime-withdrawal income rider (this is a fixed-rate MYGA), are funding below the $100,000 minimum (the Pacific Harbor sibling covers the sub-$200,000 tier), would actually prefer the MVA filing's rate sheet (compare Pacific Expedition 2 with MVA side by side), want a guarantee period shorter than three or longer than seven years, or expect a premium bonus, return-of-premium feature, or rollup-enhanced death benefit.
Guaranteed Rates by Term
| Term | Guaranteed Rate |
|---|---|
| 3-Year | 4.75% |
| 5-Year | 4.8% |
| 7-Year | 4.85% |
Key Features
Free withdrawal
10%/yrAnnual amount that may be available without surrender charges, subject to contract terms.
Surrender waivers
3Nursing home waiver, RMD waiver, Terminal illness waiver
Death benefit
Standard Death BenefitBeneficiary value depends on contract terms, withdrawals, and rider elections.
Annuitization options
Single and jointContract conversion options should be confirmed before purchase.
Fund types
Non-qualified, QualifiedAvailability can vary by state and product terms.
Surrender Schedule
Yr 1
8%
Yr 2
8%
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, Surrender waivers
Carrier Ratings
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