Product guide
Pacific Expedition 2
A MYGA from Pacific Life · reviewed from official materials, July 2026
Pacific Life's MYGA: one guaranteed rate for 3, 5, or 7 years, no market value adjustment, and a purchase-payment floor under full surrender.
The decoder
Reading the quote
A locked rate with no MVA — rare in this family
The quote is a genuine interest rate "locked in for the entire period" you choose, banded by premium size (a higher rate at $100,000+). What distinguishes it structurally: the client guide contains no market value adjustment at all — early exits face the surrender schedule only — and a full surrender is floored at your purchase payments less prior withdrawals. After the period, renewal rates are "declared by Pacific Life" annually at its discretion, never below the contract minimum: the standard MYGA renewal fine print.
A clean MYGA whose main structural virtue is what it lacks: no MVA means the cost of an early exit is knowable in advance from the surrender grid alone, and the purchase-payment guarantee bounds the downside of a full surrender. Waivers for RMDs, terminal illness, and nursing-home confinement (with state exceptions) soften the schedule further.
The comparison to a payment stream is the honest rate-for-rate matchup from our MYGA decoder — with this product's no-MVA structure making its side of the liquidity story simpler than most.
Key structural terms
- Minimum premium
- $25,000 (per the official product page)
- Guarantee periods
- 3, 5, or 7 years
- Surrender charges
- 3-yr: 8/8/7% · 5-yr: 8/8/7/7/6% · 7-yr: 8/8/7/7/6/5/4%, then 0
- MVA
- None
- Free withdrawal
- 10% per year (of purchase payments in year one, then of prior-anniversary value)
- Surrender floor
- At least purchase payments minus prior withdrawals on full surrender
Structural terms summarized from Pacific Life's official product materials as reviewed in July 2026. Terms vary by state and change over time — confirm every detail with the carrier or its representative before acting. Current rates are deliberately not printed here.
The comparison
Against a payment stream
The cleanest comparison in the family: both quote a real rate on a fixed obligation. The MYGA keeps principal accessible (with penalties) and guaranty-association cover; the payment stream typically quotes a meaningfully higher effective yield, locked for the life of the schedule, without the account value or the guaranty net. It is a genuine risk-for-yield trade, and it should be made knowingly.
The family mechanics are covered in our MYGA decoder; what the secondary market pays right now is on the current estimated yields page. And because Pacific Life also stands behind payment streams we list, its role as an issuer is profiled on our Pacific Life carrier page.
Pacific Structured Assets, Inc. is an independent company. We are not affiliated with, endorsed by, sponsored by, or otherwise connected to any insurance company, annuity issuer, state lottery, or other payment obligor named on this website. Issuer and carrier names are used solely to identify the entity obligated to make the scheduled payments on a particular payment stream. All company names, trademarks, and service marks are the property of their respective owners; their appearance here is for identification purposes only and does not imply any partnership, agency, sponsorship, endorsement, or other business relationship. No issuer named on this website has reviewed, approved, or endorsed any of its content.
Pacific Structured Assets does not sell, distribute, or advise on Pacific Expedition 2 or any newly issued insurance product. This page is independent education for investors comparing income options.
Pacific Structured Assets
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