PACIFIC DESTINATIONS® - Pacific Life Insurance Company

PACIFIC
DESTINATIONS ®
Investor Guide
A Variable Annuity to
Help You Reach Your
Retirement Goals
5/15
33001-15A

Contents
Pacific Life has more
than 145 years of
experience, and we
remain committed
to providing quality
products, service,
and stability to meet
your needs today
Make the Most of Your Retirement .....................................................2
Who’s Who in an Annuity? ......................................................................3
The Pacific Destinations Advantage ....................................................4
Grow and Manage Savings Tax-Efficiently ........................................6
The Power of Tax Deferral....................................................................... 7
Steady Income Payments .........................................................................8
Help Provide for Your Heirs ..................................................................10
Getting Started ..........................................................................................12
Our Focus Is on You ...............................................................Back cover
and throughout
your lifetime.
Insurance products are
issued by Pacific Life
Insurance Company in all
states except New York
and in New York by
Pacific Life & Annuity
Company. Product
availability and features
may vary by state.
No bank guarantee
Not a deposit • May lose value
Not FDIC/NCUA insured
Not insured by any federal
government agency

Why Pacific Life
It’s essential for you to choose a strong and stable company that can help you achieve your future
income needs. Since 1868, individuals and their families have relied on the strength of Pacific Life
to help protect their financial security.
• Pacific Life Insurance Company is organized under a mutual holding company structure and
operates for the benefit of its policyholders and contract owners.
• We have achieved ongoing recognition 1 for high-quality service standards.
• We offer products that address market environments during all stages of your life.
• We maintain strong financial strength ratings from major independent rating agencies.
Ratings may change and do not apply to the safety or performance of the underlying variable
investment options. For more information and current financial strength ratings, please visit
our website.
1
Recipient of multiple DALBAR Service Awards since 1997. Refer to www.DALBAR.com for more information regarding awards,
certification, and rankings.
1

Make the Most of
Your Retirement
In the future, more time will be spent in retirement. It’s important to plan ahead to help you achieve your
retirement goals.
A variable annuity, a long-term contract between you and an insurance company, can be an important
part of a retirement strategy. It’s an investment that can provide lifetime income and death benefits as well
as the ability to transfer among investment options tax-free.
A variable annuity offers you the potential to outpace inflation as you grow your assets. You also are able
to choose how much and where to invest as well as when to start taking income. Your income is available
through withdrawals, or you can convert your contract to annuity income payments (standard payout
options). Think of it as a personal retirement investment that you control.
2

Who’s Who
in an Annuity?
3
It’s important to know who the key parties are in an annuity contract.
Owner
The owner makes the decisions about the annuity, such as how much money to put into the contract.
The owner also names the annuitants and the beneficiaries.
Annuitant
The owner and the annuitant may or may not be the same person. Either way, it’s the annuitant’s life
expectancy that is used to set the dollar amount of future annuity income.
Beneficiary
If the owner or annuitant dies before income payments begin, usually, the beneficiary is the one who may have
the right to receive the death benefit.
There may be one or more owners, annuitants, and beneficiaries.

The
Pacific Destinations®
Advantage
Lower Costs Over the Long Term
Designed for long-term retirement needs, Pacific Destinations offers you more opportunity for growth
through lower mortality and expense, and administrative fees over the life of your contract. For additional
information on sales charges, please refer to Getting Started on page 12.
4

No Surrender Charges
Although a withdrawal may reduce your guaranteed income and account value, you will never pay a surrender
charge on a withdrawal. Keep in mind that withdrawals and other distributions of taxable amounts, including
death benefit payouts, will be subject to ordinary income tax. For nonqualified contracts, an additional 3.8%
federal tax may apply on net investment income. If taken prior to age 59½, an additional 10% federal tax may
apply. Withdrawals will reduce the contract value and the value of the death benefits, and also may reduce the
value of any optional benefits.
5

Grow and Manage
Savings Tax-Efficiently
A variable annuity is a tax-deferred investment. In a taxable investment, part of your earnings—including
dividends, interest, and capital gains—may be lost to taxes each year. But in a tax-deferred variable annuity,
there are no taxes on earnings until you decide to withdraw funds or receive guaranteed retirement
income payments. That means you can grow savings faster, make time work for you, and make decisions
without tax consequences.
Grow Savings Faster
Imagine that you start pouring water into two empty glasses—but one has a leak. In which glass will the
water rise faster? Annual taxation is like a leak in your retirement savings. Every year, taxes drain away a
portion of those savings. However, a variable annuity is tax-deferred. Taxes are not due until you withdraw
funds or use them for retirement income. This can help the account value rise faster than money in a
taxable investment, as illustrated by the example on the next page.
Make Time Work for You
The longer you allow tax deferral to work, the more powerful it can be. In our hypothetical example,
the after-tax difference between the two investments is approximately $2,850 after 10 years
($145,280 – $142,429). But if held for 20 years, the difference is more than $16,000 ($219,037 – $202,859).
Make Decisions without Tax Consequences
Transfers among variable annuity investment options are tax-free. So as your life and needs change, your
investment strategy can change also. Rebalancing your portfolio is also tax-free, enabling you to keep your
investments in-line with your original asset allocation strategy.
6

The Power of Tax Deferral
These glasses illustrate the way a hypothetical investment of $100,000 would grow in a taxed versus
tax-deferred investment if each earns 5% per year and is taxed at a 28% ordinary income tax rate.
The amount inside the glass represents the growth in the hypothetical $100,000 after 10 and 20 years.
10 Years
After 10 Years
Taxed
Tax-Deferred
Amount after taxes
are paid annually
for 10 years.
$142,429
$162,889
$145,280
Full amount before taxes.
Amount withdrawn
after taxes paid at
the end of 10 years.
10 Years
Taxed
After 20 Years
Tax-Deferred
$265,330
Full amount before taxes.
Amount after taxes
are paid annually
for 20 years.
$202,859
$219,037
Amount withdrawn
after taxes paid at
the end of 20 years.
Actual tax rates may vary for different taxpayers and assets from those illustrated (for example, capital gains and qualified dividend income).
Actual performance of your investment will also vary. Lower maximum tax rates on capital gains and dividends would make the investment
return for the taxable investment more favorable, thereby reducing the difference in performance between the examples shown. Consider
your personal investment time horizon and income tax brackets, both current and anticipated, when making an investment decision.
Hypothetical returns are not guaranteed and do not represent performance of any particular investment. If Pacific Destinations charges were
included [0.60% mortality and expense risk, 0.15% administrative fee, underlying fund expenses, a $30 annual contract fee (waived if contract
value is $50,000 or more), and a 5.5% up-front maximum sales charge], the tax-deferred performance would be significantly lower.
The value of the variable investment options will fluctuate and, when redeemed, may be worth more or less than the original cost. Annuity
withdrawals and other distributions of taxable amounts, including death benefit payouts, will be subject to ordinary income tax. For nonqualified
contracts, an additional 3.8% federal tax may apply on net investment income. If withdrawals and other distributions are taken prior to age 59½,
an additional 10% federal tax may apply. Withdrawals will reduce the contract value and the value of the death benefits, and also may reduce
the value of any optional benefits.
IRAs and qualified plans—such as 401(k)s and 403(b)s—are already tax-deferred. Therefore, a deferred annuity should be used only to fund
an IRA or qualified plan to benefit from the annuity’s features other than tax deferral. These include lifetime income, death benefit options,
and the ability to transfer among investment options without sales or withdrawal charges. 7

Steady Income Payments
After the first contract anniversary, you are automatically entitled to one of the following four standard
annuity income options including some that pay for life. Choosing appropriately for your retirement strategy
is important because once you convert your contract to annuity income, you cannot switch options. Amounts
will differ based on the payout period selected. Usually, the longer the possible payout period, the lower the
periodic payment amount. The minimum periodic income payment is $250 ($20 in New York), and your contract
value must be at least $10,000 ($2,000 in New York). For qualifed contracts, the period chosen may not be
longer than your life expectancy.
Annuity Income Option
Life Only
Life with Period Certain
Joint and Survivor Life
Period Certain Only
You Receive
Guaranteed income you can’t outlive
Periodic payments for life are guaranteed.
Guaranteed income you can’t outlive with beneficiary protection
Periodic payments will be made for life and guaranteed for a minimum
period of 5 to 30 years. If you die before the end of the period certain, your
beneficiary will receive the remaining income. If you live longer than the
period certain, you will continue to receive the income until you die.
Income you and another person can’t outlive
Periodic payments are guaranteed over your lifetime (as the primary
annuitant) and the lifetime of another person (as the secondary annuitant).
Guaranteed income over time
Guaranteed periodic payments will be made over a specific period, from
5 to 30 years.
Guarantees are backed by the financial strength and claims-paying ability of the issuing insurance company.
You can determine whether you want a fixed-dollar amount and/or a variable payout amount and how
frequently you’ll receive your payments.
8

Tax Advantages
When you begin taking annuity income payments under one of the standard annuity income options, each
income payment is composed of money that you’ve paid into the annuity plus any earnings. For qualified
contracts, taxes will generally be due on the entire payout. For nonqualified contracts, taxes will be due only
on the earnings portion. A formula unique to annuities determines the nontaxable portion of each payout
until all the money you put into the contract has been taken out. Due to the formula, nonqualified income
payments are tax-advantaged—which means that your tax liability is spread out over time. The actual tax
impact will depend on your annuity income option, gender, age, and tax bracket.
Access to Your Money
Instead of taking annuity income payments, you can remain invested and take withdrawals as needed. Because
you can never predict the future, it’s comforting to have the ability to access your contract value when you
need it. Withdrawals may begin as soon as 30 days after the date the contract was issued.
You can set up a schedule of ongoing withdrawals or make periodic withdrawals, as needed, without charge.
• Withdraw a minimum of $500 at any time.
• Withdraw the full contract value, minus any applicable contract fees, charges, and debt.
Annuity withdrawals and other distributions of taxable amounts, including death benefit payouts, will be
subject to ordinary income tax. For nonqualified contracts, an additional 3.8% federal tax may apply on net
investment income. If withdrawals and other distributions are taken prior to age 59½, an additional 10%
federal tax may apply. Withdrawals will reduce the contract value and the value of the death benefits, and
also may reduce the value of any optional benefits. Withdrawals cease after age 95 (the later of age 90 or
the tenth contract anniversary in New York), and the contract must be converted to annuity payouts.
9

Help Provide
for Your Heirs
While you’re probably focusing on how to enjoy your retirement savings, it’s important to think ahead and
plan how to provide for your loved ones if you were to die unexpectedly. Pacific Destinations can help
protect your beneficiaries with a guaranteed death benefit that can help you leave a financial legacy and may
avoid the cost and delays of probate. The death benefit is payable prior to annuitization upon the death of
a contract owner. For contracts owned by a non-natural owner (for example, a trust), the death benefit is
payable upon the death of the first annuitant.
Standard Death Benefit Payout
At no additional cost, this death benefit offers the greater of:
1. The contract value.
2. The total of all purchase payments into the contract, adjusted for withdrawals. The adjustment is
proportionate and may be more or less than the actual amount withdrawn.
Stepped-Up Death Benefit
For an additional annual fee of 0.20% (deducted daily), and available only at contract issue for owners
and annuitants age 75 or younger, this optional death benefit offers the greater of the standard death
benefit detailed above or the highest step-up, which is the highest contract value on any previous contract
anniversary prior to the oldest owner or annuitant’s 81 st birthday. The death benefit amount is increased
for additional purchase payments and decreased by an adjustment for withdrawals. The adjustment is
proportionate and may be more or less than the actual amount withdrawn.
Earnings Enhancement Death Benefit (EEDB)
For an additional annual fee of 0.25% (deducted annually), and available only at contract issue for owners
and annuitants age 75 or younger, this optional death benefit may provide an enhancement to death benefit
payouts. When EEDB is purchased, an additional 40% of earnings (oldest owner or annuitant age 0–69
at issue) or 25% of earnings (oldest owner or annuitant age 70–75 at issue) is added to the death benefit
amount. Earnings are equal to the contract value on the date of death minus remaining purchase payments.
10

If you purchase this optional benefit, an annual charge will be deducted from your contract value on each
contract anniversary. The contract must have growth in excess of the remaining purchase payments in order
for EEDB to be applicable. If there are no earnings in the contract, no benefit will be paid, and you will have
incurred the charge but not received a benefit. The EEDB amount is treated as earnings and may be taxable.
In addition, the EEDB amount may affect the beneficiary’s adjusted gross income and marginal income-tax
bracket. Withdrawals from the contract will reduce any earnings and decrease the EEDB amount. EEDB is
not available in California or New York.
Note that ownership changes may adversely affect the death benefit amounts detailed on pages
10-11. See the prospectus for more information.
The Pacific Life death benefits will be calculated on the Notice Date, which is the date we receive, in proper
form, proof of death and instructions regarding payment of death benefit proceeds.
11

Getting Started
Discuss with your financial advisor whether a variable annuity, optional benefit, and underlying investment
options are appropriate for you. Consider your age, annual income, financial situation and needs,
investment experience, investment objectives, intended use of the annuity, investment time horizon, existing
assets (including investment holdings and life insurance), liquidity needs, liquid net worth, risk tolerance,
tax status, and other information used or considered to be reasonable by your financial advisor in making
recommendations to you.
Follow three simple steps to get started:
1. Choose your investment strategy.
2. Decide what type of money to invest and the amount.
Type
Minimum Purchase Payment
Nonqualified $5,000
Qualified $2,000
You may contribute a lump sum or make systematic payments over 12 months to meet the minimum
purchase payment by authorizing our automatic investment plan to transfer money from your
financial institution.
This material is not intended to be used, nor can it be used by any taxpayer, for the purpose of avoiding
U.S. federal, state, or local tax penalties. This material is written to support the promotion or marketing
of the transaction(s) or matter(s) addressed by this material. Pacific Life, its affiliates, their distributors, and
respective representatives do not provide tax, accounting, or legal advice. Any taxpayer should seek advice
based on the taxpayer’s particular circumstances from an independent tax advisor or attorney.
This material must be preceded or accompanied by the product prospectus. Contact your financial
advisor or visit www.PacificLife.com for more information, including product and underlying fund
prospectuses that contain more complete information about Pacific Life and a variable annuity’s
risks, charges, limitations, and expenses, as well as the risks, charges, expenses, and investment goals
of the underlying investment options. Read them carefully before investing.
12

3. Purchase your variable annuity.
Your up-front sales charges are based on the amount you invest, as shown in the table below. The more
you invest into your contract, the lower your sales charge will be.
Breakpoints
(Total Purchase Payments)
Sales
Charge
Less than $50,000 5.5%
$50,000–$99,999 4.5%
$100,000–$249,999 3.5%
$250,000–$499,999 2.5%
$500,000–$999,999 2.0%
$1,000,000 and more 0.5%
The sales charge percentage may be reduced if you
provide a Letter of Intent, which is written notification
of your intention to invest more within 13 months
to help you reach another breakpoint. By submitting
the Letter of Intent along with your application,
you will qualify for the sales charge based on the
promised amount of purchase payments. If this
amount is not reached by the end of the thirteenth
month, your sales charge will be adjusted accordingly.
Pacific Life refers to Pacific Life Insurance Company and its affiliates, including Pacific Life & Annuity Company. Insurance products are issued by
Pacific Life Insurance Company in all states except New York and in New York by Pacific Life & Annuity Company. Product availability and features
may vary by state. Each insurance company is solely responsible for the financial obligations accruing under the products it issues. Insurance
product and rider guarantees, including optional benefits and any fixed subaccount crediting rates or annuity payout rates, are backed by the
financial strength and claims-paying ability of the issuing insurance company and do not protect the value of the variable investment options.
Variable insurance products are distributed by Pacific Select Distributors, LLC (member FINRA & SIPC), a subsidiary of Pacific Life Insurance
Company (Newport Beach, CA) and an affiliate of Pacific Life & Annuity Company, and are available through licensed third-party broker/dealers.

Our Focus Is
on You
Award-winning service and support
to help you achieve your investment goals.
Website
www.PacificLife.com
Go online and select “Annuities” under the heading
Client Account Sign-In to view your account balance
or make other transactions.
Get your statements, prospectuses, and other
documents online at any time.
Personal Customer Service
(800) 722-4448 or in New York (800) 748-6907
Call our toll-free number to speak directly with an
annuity information specialist or to access account
information via our automated line.
Choose Telephone Authorization
You and your financial advisor can elect step-ups,
resets, and investment option transfers by phone.
Some restrictions may apply.
Talk to your financial advisor today about a Pacific Destinations
variable annuity or visit our website for more information.
Mailing addresses:
Pacific Life Insurance Company
P.O. Box 2378
Omaha, NE 68103-2378
(800) 722-4448
www.PacificLife.com
In New York, Pacific Life & Annuity Company
P.O. Box 2829
Omaha, NE 68103-2829
(800) 748-6907
Contract Form Series: 10-1170, ICC09:10-1170,
10-2170, 10-2170-1-13
Rider Series: 20-1306-2, ICC14:20-1306-2,
20-2306-2, 20-1307-2, ICC14:20-1307-2
33001-15A