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EXHIBIT 4(k)
[LOGO OF PACIFIC LIFE APPEARS HERE]
700 Newport Center Drive
Newport Beach, CA 92660
ENHANCED GUARANTEED MINIMUM DEATH BENEFIT RIDER
This Rider is part of your Contract and should be attached to it.
Notwithstanding any provision of your Contract to the contrary, the provisions
of this Rider shall prevail over the provisions of your Contract.
You have elected the Enhanced Guaranteed Minimum Death Benefit Rider ("EGMDBR").
An annual charge (called the "Enhanced Death Benefit Charge") for expenses
related to the EGMDBR will be deducted from your Investment Options on a
proportionate basis on each Contract Anniversary that the EGMDBR remains in
effect. Any portion of the Enhanced Death Benefit Charge we deduct from the
Fixed Option will not be greater than the annual interest credited to the Fixed
Option in excess of 3%. The Enhanced Death Benefit Charge is equal to the
Enhanced Death Benefit Charge percentage multiplied by the Contract Value on the
date the charge is deducted. The Enhanced Death Benefit Charge percentage is
equal to 0.10% if the youngest Annuitant's Age is 65 years or younger on the
Contract Date, and 0.30% if the youngest Annuitant's Age is 66 through 75 on the
Contract Date. In the event of a full withdrawal of the amount available for
withdrawal under the Contract, the entire Enhanced Death Benefit Charge for the
Contract Year in which the full withdrawal occurs will be netted out of the
final payment made to the Owner.
This EGMDBR may be elected only at the Contract Date and will remain in effect
until the earlier of (a) a full withdrawal of the amount available for
withdrawal under the Contract, (b) a death benefit becomes payable under the
Contract, (c) any termination of the Contract in accordance with the provisions
of the Contract, or (d) the Annuity Date. This EGMDBR may only be elected if
the Age of each Annuitant is 75 years or younger on the Contract Date.
The Death Benefit Amount section under the DEATH BENEFIT provision of your
Contract is replaced in its entirety as follows:
Death Benefit Amount - The Death Benefit Amount as of any Business Day prior
to your Annuity Date is equal to the greater of:
(a) your Contract Value as of that day; or
(b) your aggregate Purchase Payments less an adjusted amount for each
withdrawal, increased at an effective annual rate of 6% to that day,
subject to a maximum of two times the difference between the aggregate
Purchase Payments less any withdrawals. The 6% effective annual rate of
growth will take into account the timing of when each Purchase Payment
and withdrawal occurred by applying a daily factor of 1.000159654 to
each day's balance. The 6% effective annual rate of growth will stop
accruing as of the earlier of: (1) the Contract Anniversary following
the date the Annuitant reaches his or her 80th birthday; (2) the date of
death of the sole Annuitant; or (3) the Annuity Date.
To determine the adjusted amount for each withdrawal: (i) We divide the
amount of each withdrawal by your Contract Value immediately before that
withdrawal; and (ii) we then multiply the result by your Death Benefit Amount
(as described in section (b) of this Death Benefit Amount section),
immediately before that withdrawal.
The Guaranteed Minimum Death Benefit ("GMDB") Amount section under the DEATH
BENEFIT provision of your Contract is replaced in its entirety as follows:
Form No. 21-110299 1
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First, we calculate what the Death Benefit Amount would have been beginning on
the quarterly anniversary following the Contract Date and each subsequent
quarterly anniversary that occurs while the Annuitant is living and up to and
including the Contract Anniversary following the Annuitant's 65th birthday.
Quarterly anniversaries are measured from the Contract Date. After the Contract
Anniversary following the Annuitant's 65th birthday, we calculate what the Death
Benefit Amount would have been as of each Contract Anniversary that occurs while
the Annuitant is living and before the Annuitant reaches his or her 81st
birthday. Each quarterly anniversary and each Contract Anniversary on which a
Death Benefit Amount is calculated is referred to as a "Milestone Date". We then
adjust the Death Benefit Amount for each Milestone Date by: (i) adding the
aggregate amount of any Purchase Payments received by us since that Milestone
Date; and (ii) subtracting an amount for each withdrawal that has occurred since
that Milestone Date, which is calculated by multiplying the Death Benefit Amount
by the ratio of the amount of each withdrawal that has occurred since that
Milestone Date, including any withdrawal charge, if any, to the Contract Value
immediately prior to the withdrawal.
The highest of these adjusted Death Benefit Amounts as of the Notice Date is
your GMDB Amount. The "Notice Date" is the day on which we receive, in a form
satisfactory to us, proof of death and instructions regarding payment of death
benefit proceeds.
The Death of Annuitant section under the DEATH BENEFIT provision of your
Contract is replaced in its entirety as follows:
Death of Annuitant - If the Annuitant dies before the first Milestone Date, the
death benefit will be equal to your Death Benefit Amount as of the Notice Date.
If the Annuitant dies on or after your first Milestone Date and prior to your
Annuity Date, the death benefit will be equal to the greater of the Death
Benefit Amount and the GMDB Amount as of the Notice Date. If an Annuitant dies
before the Annuity Date, unless there is a surviving Joint or Contingent
Annuitant, we will pay the death benefit proceeds to the Owner, if living;
otherwise to the Beneficiary if living; otherwise to the Contingent Beneficiary,
if living; otherwise to the Owner's estate. If an Annuitant dies and there is a
surviving Joint Annuitant, the surviving Joint Annuitant becomes the Annuitant.
If there is no surviving Joint Annuitant and there is a Contingent Annuitant,
the Contingent Annuitant becomes the Annuitant. Death benefit proceeds are
payable only as the result of the death of the sole surviving Annuitant prior to
the Annuity Date. If you are the Annuitant and you die, we will determine the
amount of any death benefit and the Beneficiary under the Death of Annuitant
provisions. If your Contract is a Non-Qualified Contract, we will distribute
any death benefit proceeds under the Death of Owner Distribution Rules.
All other terms and conditions of your Contract remain unchanged.
PACIFIC LIFE INSURANCE COMPANY
/S/ THOMAS C. SUTTON /S/ AUDREY L. MILFS
Chairman and Chief Executive Officer Secretary
Form No. 21-110299 2
