EX-99.5(A) 2 a56357a1exv99w5xay.htm EX-99.5(A) exv99w5xay
Exhibit 5 (a)
         
(PACIFIC LIFE LOGO)
  Pacific Life Insurance Company
[P.O. Box 2378, Omaha, NE 68103-2378
or 1299 Farnam Street, 6th Floor, RSD, Omaha, NE 68102
www.PacificLife.com
Contract Owners: (800) 722-4448]
  [Destinations B]
Individual Flexible Premium
Deferred Variable
Annuity Application
1. ANNUITANT(S) Must be an individual. Check product guidelines for maximum issue age.
                 
 
Name (First, Middle, Last)
John, James, Doe
    Birth Date (mo/day/yr)
01/01/1950
    Sex
x M o F

 
 
                 
 
Mailing Address
123 Anystreet

    City, State, ZIP
Anytown, CA 00000
    SSN
123-45-6789
 
 
Residential Address (if different than mailing address)

    City, State, ZIP
       
       
     
Solicited at: State
______    ______

  Complete this box for custodial-owned qualified contracts only. Will not be valid for any other contract types.
Information put here will be used for contract and registered representative appointment purposes.
ADDITIONAL ANNUITANT Not applicable for qualified contracts or contracts with non-natural owners. Check One: o Joint o Contingent
                 
 
Name (First, Middle, Last)
    Birth Date (mo/day/yr)     Sex
o M o F

 
 
                 
 
Mailing Address

    City, State, ZIP
    SSN
 
 
Residential Address (if different than mailing address)

    City, State, ZIP
       
       
2. OWNER(S) If annuitant and owner are the same, do not complete this section. Check product guidelines for maximum issue age.
                 
 
Name (First, Middle, Last)
    Birth Date (mo/day/yr)     Sex
o M o F

 
 
                 
 
Mailing Address

    City, State, ZIP
    SSN/TIN
 
 
Residential Address (if different than mailing address)

    City, State, ZIP
       
       
ADDITIONAL OWNER Not applicable for qualified contracts.
                 
 
Name (First, Middle, Last)
    Birth Date (mo/day/yr)     Sex
o M o F

 
 
                 
 
Mailing Address

    City, State, ZIP
    SSN
 
 
Residential Address (if different than mailing address)

    City, State, ZIP
       
       
3. DEATH BENEFIT COVERAGE
o [Stepped-Up Death Benefit Owner(s) and Annuitant(s) must not be over age 75 at issue.]
If the [stepped-up death benefit] I have selected cannot be added to the contract due to age restrictions or state availability, I understand that the contract will be issued without the [stepped-up death benefit rider.]
         
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4. TELEPHONE/ELECTRONIC AUTHORIZATIONS

       
 
 (GRAPHIC) 
o Yes    TELEPHONE/ELECTRONIC TRANSACTION AUTHORIZATION As the owner, I will receive this privilege automatically.
If a contract has joint owners, each owner may individually make telephone and/or electronic requests. By checking “Yes,” I am also authorizing and directing Pacific Life to act on telephone or electronic instructions from any other person(s) who can furnish proper identification. Pacific Life will use reasonable procedures to confirm that these instructions are authorized and genuine. As long as these procedures are followed, Pacific Life and its affiliates and their directors, trustees, officers, employees, representatives, and/or agents will be held harmless for any claim, liability, loss, or cost.
ELECTRONIC INFORMATION CONSENT By providing the e-mail address below, I consent to receive documents and notices applicable to my contract, including but not limited to prospectuses, prospectus supplements, reports, statements, immediate confirmations, privacy notice and other notices, and documentation in electronic format when available instead of receiving paper copies of these documents by U.S. mail. I will continue to receive paper copies of annual statements if required by state or federal law. Not all contract documentation and notifications may be currently available in electronic format. I consent to receive in electronic format any documents added in the future. For jointly owned contracts, both owners are consenting to receive information electronically. I confirm that I have ready access to a computer with Internet access, an active e-mail account to receive this information electronically, and the ability to read and retain it. I understand that:
    There is no charge for electronic delivery, although my Internet provider may charge for Internet access.
 
    I must provide a current e-mail address and notify Pacific Life promptly when my e-mail address changes.
 
    I must update any e-mail filters that may prevent me from receiving e-mail notifications from Pacific Life.
 
    I may request a paper copy of the information at any time for no charge, even though I consented to electronic delivery, or if I decide to revoke my consent.
 
    For jointly owned contracts, both owners are consenting that the primary owner will receive information electronically. (Only the primary owner will receive e-mail notices.)
 
    Electronic delivery will be cancelled if e-mails are returned undeliverable.
 
    This election will be effective for all contracts I currently own or acquire in the future.
 
    This consent will remain in effect until I revoke it.
Pacific Life is not required to deliver this information electronically and may discontinue electronic delivery in whole or in part at any time. Please call (800) 722-4448 if you would like to revoke your consent, wish to receive a paper copy of the information above, or need to update your e-mail address.
     
(GRAPHIC)
 
   E-Mail address:                                                                                                                                                
     
5. HOUSEHOLDING By signing this application I consent to Pacific Life mailing one copy of contract owner documents to multiple contract owners who share the same household address. Such documents will include announcements, and annual and semiannual reports, but will not include contract-specific information such as transaction confirmations and statements. This service, known as “householding,” reduces expenses, environmental waste, and the volume of mail I receive. If I do not wish to participate in this service and prefer to receive my own contract owner documents, I have checked the box below.
  o I elect NOT to participate in householding.
6. BENEFICIARIES If a beneficiary classification is not indicated, the class for that beneficiary will be primary. Multiple beneficiaries will share the death benefit equally, unless otherwise specified. For contracts owned by a non-individual custodian (including IRAs) or other non-natural owners, the beneficiary will be the owner listed on the application and information provided below will not be valid. Use Section 13, Special Requests, to provide additional beneficiary information.
                                   
 
Name (First, Middle, Last)
    Birth Date (mo/day/yr)     o  Primary
o  Contingent
 
    Relationship     SSN/TIN     Percentage  
%   
 
 
Name (First, Middle, Last)
    Birth Date (mo/day/yr)     o  Primary
o  Contingent
 
    Relationship     SSN/TIN     Percentage  
%  
 
 
7. CONTRACT TYPE Select ONE.
                                   
 
[x Non-Qualified1,2
o IRA3
    o SIMPLE IRA4
o SEP-IRA
    o Roth IRA
o TSA/403(b)5
    o 401(a)6
o 401(k)6
    o Individual(k)7
o 457(b) - gov’t. entity6
    o 457(b) - 501(c) tax exempt 6
o Keogh/HR-106]
 
 
[1 For trust-owned contracts, complete Trustee Certification and Disclosure.     2 For non-qualified contracts, if owner is a non-natural person or corporation, complete the Non-Natural or Corporate-Owned Disclosure Statement.     3 For individual-owned or trust-owned Inherited IRA contracts, complete appropriate Inherited IRA Certification.     4 Complete SIMPLE IRA Employer Information.     5 Complete TSA Certification.     6 Complete Qualified Plan and 457(b) Plan Disclosure.      7 Complete Individual(k) Qualified Plan Disclosure.]
         
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8. INITIAL PURCHASE PAYMENT
8A. NON-QUALIFIED CONTRACT PAYMENT TYPE
Indicate type of initial payment.
         
o 1035 exchange(s)/estimated transfer
  $                       
         
x Amount enclosed
  $ 25,000            
         
8B. QUALIFIED CONTRACT PAYMENT TYPE Indicate type of initial payment. If no year is indicated, contribution defaults to current tax year.
     
o Transfer
  $                    
     
o Rollover
  $                    
     
o Contribution
  $                      for tax year            
     


9. REPLACEMENT
9A. EXISTING INSURANCE
     
 
 (GRAPHIC)  
o Yes x No      Do you have any existing life insurance or annuity contracts with this or any other company?
   (Default is “Yes” if neither box is checked.)
9B. REPLACEMENT
     
  (GRAPHIC)   o Yes x No  
Will the purchase of this annuity result in the replacement, termination or change in value of any existing life insurance or annuity in this or any other company? If “Yes,” provide the information below for each policy or contract being replaced and attach any required state replacement and/or 1035 exchange/transfer forms
                 
 
Insurance Company Name
    Policy or Contract Number     Policy or Contract Type Being Replaced
o Life Insurance   o Fixed Annuity   o Variable Annuity

 
 
Insurance Company Name
    Policy or Contract Number     Policy or Contract Type Being Replaced
o Life Insurance   o Fixed Annuity   o Variable Annuity

 
 
10. OPTIONAL RIDERS Subject to state availability. To qualify for [CoreIncome Advantage5, or Automatic Income Builder rider] benefits, the entire contract value must stay invested in allowable allocation options Pacific Life makes available for the riders. Note: Optional Guaranteed Minimum Withdrawal Benefit Riders are not available with Inherited IRA and Inherited TSA business.
Guaranteed Minimum Withdrawal Benefit Select one.
 [    oCoreIncome Advantage5 Annuitant(s) must not be over age 85 at issue.
 
    oAutomatic Income Builder Annuitant(s) must not be over age 85 at issue.]
If any rider selected in this section cannot be added to the contract due to age and/or other rider restrictions or state availability, the contract will be issued without that rider.
11. DOLLAR COST AVERAGING If elected, 100% of your initial investment will be allocated to the DCA Plus term unless you indicate a different percentage below. If you select a Custom Model in Section 14 and are using DCA Plus, you must allocate 100% of your investment to the DCA Plus term. If you select Portfolio Optimization, Asset Allocations Strategies or Individual Investments and a percentage less than 100% is indicated, the remainder of the purchase payment will be allocated pro rata to the allocations selected. To indicate a source account other than DCA Plus, use Section 13, Special Requests, or the [Transfers and Allocations form]. Note: Only DCA Plus may be used with Custom Models.
DCA Plus Term Select One.
         

  [ o 6 months      o 12 months
 
             % of initial investment. Default will be 100% if not indicated 
   
 
 
or if a Custom Model is selected in Section 14. ]
   
12. REBALANCING Choose one rebalancing frequency. Rebalancing is optional unless you select a Custom Model in Section 14. If you select a Custom Model, rebalancing will be quarterly.
     
 [ o Quarterly†           o Semiannually           o Annually ]  
   
†Required with a Custom Model selected in Section 14.
13. FRAUD NOTICE The following states require insurance companies to provide a fraud warning statement. Refer to the fraud warning statement for your state as indicated below. Please check for state product availability.
District of Columbia: WARNING It is a crime to provide false or misleading information to an insurer for the purpose of defrauding the insurer or any other person. Penalties include imprisonment and/or fines. In addition, an insurer may deny insurance benefits, if false information materially related to a claim was provided by the applicant.
New Jersey: Any person who includes any false or misleading information on an application for an insurance policy is subject to criminal and civil penalties.
All Other States: Any person who knowingly and with intent to defraud any insurance company or other person files an application for insurance or statement of claim containing any materially false information or conceals for the purpose of misleading, information concerning any fact material thereto commits a fraudulent insurance act, which may be a crime and may subject such person to criminal and civil penalties.
         
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14. ALLOCATION OPTIONS Use this section to allocate 100% of your investment. Use whole percentages only. IMPORTANT: To be eligible for an optional rider in Section 10, you must select ONE of the following options:
  I.   Asset Allocation Models & Sample Portfolios: Select one model. 100% of your investment will be allocated to the model selected.
[Note:Model E and the All Equity Sample Portfolio are not an available allocation option for use with Optional Riders in Section 10.]
 
  II.   Asset Allocation Strategies: Indicate the percentage of your investment for each Asset Allocation Strategy. Allocations may be among these strategies and must total 100%.
 
  III.   Custom Models: Indicate no more than 15% in any individual investment. In addition, you must allocate at least 25% into each of Categories A, B, and C. Categories A, B, C, and D must total 100%. Category D is optional provided the previous requirements are met. You may allocate up to 25% into an individual investment in Category D. Custom Models will be rebalanced quarterly to the allocations selected.
If you want to select individual investments and are NOT choosing an optional rider in Section 10, you may indicate any combination of investments in Option III. Allocations must total 100%.
                             
                 
        OPTION I: ASSET ALLOCATION MODELS & SAMPLE PORTFOLIOS Select only one.
 
                 
  Models and
Sample
Portfolios
   
Portfolio Optimization Models:
          [ x Model A     o Model C       o Model E
           o Model B       o Model D
 
Edward Jones Sample Portfolios:
          o Balanced: Growth & Income      o Growth Focus
          o Balanced Toward Growth         o All Equity ]
 
                 
        OPTION II: ASSET ALLOCATION STRATEGIES
       
        100% allocation to one or a combination of these strategies is approved for selection of an optional rider in Section 10.        
 
Asset
Allocation
Strategies
    [              %
              %
              %
              %

              %
  Pacific Dynamix-Conservative Growth Portfolio
Pacific Dynamix-Moderate Growth Portfolio
Pacific Dynamix-Growth Portfolio
AllianceBernstein VPS Balanced
Wealth Strategy
BlackRock Global Allocation V.I. Fund
                %
              %
              %

              %
              %
  Franklin Templeton VIP Founding Funds
GE Investments Total Return Fund
Invesco Van Kampen V.I. Global Tactical
Asset Allocation Fund
Invesco V.I. Global Multi-Asset Fund
PIMCO Global Multi-Asset Portfolio]
    ___% Total  
                 
        OPTION III Select one: o CUSTOM MODEL o INDIVIDUAL INVESTMENTS
       
        Custom Models: For Custom Models only, Categories A, B, and C indicate no more than 15% in any individual investment. In addition, you must allocate at least 25% into each of Categories A, B, and C. Categories A, B, C, and D must total 100%. Category D is optional provided the previous requirements are met. You may allocate up to 25% into an individual investment in Category D.        
        Individual Investments: If you want to select individual investments and are not choosing an optional rider in Section 10, you may indicate any combination of investments. Allocations must total 100%.        
                 
 
Category A
Fixed-
Income
Portfolios
    [              %

              %
              %
              %
  Franklin Templeton – Templeton Global Bond
                                   Securities Fund
Goldman Sachs – Short Duration Bond
Lord Abbett – Total Return Portfolio-VC
PAM – Cash Management
                    %     PAM – High Yield Bond
              %     PIMCO – Managed Bond
              %     PIMCO – Inflation Managed
              %     Western Asset Management –
Diversified Bond]
    ___% Total  
                 
 
Category B
Domestic
Equity
Portfolios
    [              %
              %
              %
              %
              %
              %
              %
              %
              %
  Alger – Small-Cap Growth
BlackRock – Capital Appreciation V.I. Fund
BlackRock – Equity Index
BlackRock – Mid-Cap Value
BlackRock – Small-Cap Index
ClearBridge – Large-Cap Value
Franklin Templeton/BlackRock – Small-Cap Equity
Invesco – Comstock
Janus – Growth LT
                    %     Janus – Focused 30
              %     Lazard – Mid-Cap Equity
              %     MFS – Investors Growth Stock Series
              %     MFS – MFS Value Series
              %     Morgan Stanley – Mid-Cap Growth
              %     NFJ – Small-Cap Value
              %     Oppenheimer – Main Street® Core
              %     T. Rowe Price – Dividend Growth
              %     UBS – Large-Cap Growth]
    ___% Total  
                 
 
Category C International
Equity and
Sector
Portfolios
    [              %
              %
              %

              %
  AllianceBernstein – International Value
Batterymarch – International Small-Cap
Franklin Templeton – Mutual Global Discovery                                     Securities Fund
Lord Abbett – International Core Equity Portfolio-VC
                    %     MFS – International Large-Cap
              %     Morgan Stanley – Real Estate
              %     Oppenheimer – Emerging Markets]
    ___% Total  
                 
 
Category D
Asset
Allocation
Strategies
    [              %
              %
              %
              %

              %
  Pacific Dynamix-Conservative Growth Portfolio
Pacific Dynamix-Moderate Growth Portfolio
Pacific Dynamix-Growth Portfolio
AllianceBernstein VPS Balanced
Wealth Strategy
BlackRock Global Allocation V.I. Fund
                %
              %
              %

              %
              %
  Franklin Templeton VIP Founding Funds
GE Investments Total Return Fund
Invesco Van Kampen V.I. Global Tactical
Asset Allocation Fund
Invesco V.I. Global Multi-Asset Fund
PIMCO Global Multi-Asset Portfolio ]
    ___% Total  
                 
 
 
                         
                CATEGORIES A – D MUST TOTAL 100%         ___% Total  
                 
         
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15. SPECIAL REQUESTS If additional space is needed, attach a letter signed and dated by the owner(s).
      
16. STATEMENT OF OWNER(S) I understand that federal law requires all financial institutions to obtain the name, residential address, date of birth, Social Security or taxpayer identification number, and any other information necessary to sufficiently verify the identity of each customer. I understand that failure to provide this information could result in the annuity contract not being issued, delayed or unprocessed transactions, or annuity contract termination. I, the owner(s), understand that I have applied for a variable annuity contract (“contract”) issued by Pacific Life Insurance Company (“company”). I received prospectuses for this variable annuity contract. After reviewing my financial background with my registered representative, I believe this contract, including the benefits of its insurance features, will meet my financial objectives based in part upon my age, income, net worth, and tax status, and any existing investments, annuities, or other insurance products I own. If applicable, I considered the appropriateness of full or partial replacement of any existing life insurance or annuity. I also considered my liquidity needs, risk tolerance, and investment time horizon when selecting variable investment options. I understand the terms and conditions related to any optional rider applied for and believe that the rider(s) meet(s) my insurable needs and financial objectives. I have discussed all fees and charges for this contract with my registered representative, including withdrawal charges, if applicable. I understand that if I cancel a contract issued as a result of this application without penalty during the Right to Cancel initial review period, depending upon the state where my contract is issued, it is possible the amount refunded may be less than the initial amount I invested due to the investment experience of my selected investment options. If I am an active duty member of the United States Armed Forces (including active duty military reserve personnel), I confirm that this application was not solicited and/or signed on a military base or installation, and I have received from the registered representative the disclosure required by Section 10 of the Military Personnel Financial Services Protection Act. I certify, under penalties of perjury, that I am a U.S. person (including a U.S. resident alien) and that the taxpayer identification number is correct. All answers to questions and statements made on this application are to the best of my knowledge and belief. I UNDERSTAND THAT BENEFITS AND VALUES PROVIDED UNDER THE CONTRACT MAY BE ON A VARIABLE BASIS. AMOUNTS DIRECTED INTO ONE OR MORE VARIABLE INVESTMENT OPTIONS WILL REFLECT THE INVESTMENT EXPERIENCE OF THOSE INVESTMENT OPTIONS. THESE AMOUNTS MAY INCREASE OR DECREASE AND ARE NOT GUARANTEED AS TO DOLLAR AMOUNT.
                       
                       
 
Owner’s Signature
    Date (mo/day/yr)     Signed at: City     State      CA  
 
(GRAPHIC)
    (GRAPHIC)    01/01/2011     (GRAPHIC)   Anytown     (GRAPHIC)    ___ ___  
                       
 
Joint Owner’s Signature (if applicable)
    Date (mo/day/yr)              
 
(GRAPHIC)
    (GRAPHIC)              
                       
17. REGISTERED REPRESENTATIVE’S STATEMENT
               
       
 
17A.
 
(GRAPHIC)
  o Yes x No  
Do you have any reason to believe that the applicant has any existing life insurance policies or annuity contracts? (Default is “Yes” if neither box is checked.)
Do you have reason to believe that any existing life insurance policy or annuity contract has been (or will be) surrendered, withdrawn from, loaned against, changed or otherwise reduced in value, or replaced in connection with this transaction assuming the contract applied for will be issued?
     
 
17B.
 
(GRAPHIC)
  o Yes x No  
     
If “Yes,” I affirm that I have instructed the applicant to answer “Yes” to the replacement question in Section 9B of this application.
I hereby certify that I have used only Pacific Life’s approved sales material in connection with this sale and that copies of all sales materials used were left with the applicant. Any insurer-approved electronically presented sales materials will be provided in printed form to the applicant no later than at the time of the policy or contract delivery. I further certify that I have discussed the appropriateness of replacement and followed Pacific Life’s written replacement guidelines. I have explained to the owner(s) how the annuity will meet their insurable needs and financial objectives. I certify that I have reviewed this application and have determined that its proposed purchase is suitable as required under law, based in part on information provided by the owner, as applicable, including age, income, net worth, and tax status, and any existing investments and insurance program. I further certify that I have also considered the owner’s liquidity needs, risk tolerance, and investment time horizon; that I followed my broker/dealer’s suitability guidelines in both the recommendation of this annuity and the choice of investment options; and that this application is subject to review for suitability by my broker/dealer. I further certify that I have truly and accurately recorded on the application the information provided to me by the applicant. If the applicant is an active duty member of the United States Armed Forces (including active duty military reserve personnel), I certify that this application was not solicited and/or signed on a military base or installation, and I provided to the applicant the disclosure required by Section 10 of the Military Personnel Financial Services Protection Act. I further certify that, prior to soliciting the contract applied for, I have completed all state mandated annuity, insurance, and/or product training and agree to provide documentation of such completion upon request by Pacific Life.
                 
                 
 
Soliciting Registered Representative’s Signature
(GRAPHIC)
    Print Registered Representative’s Full Name
John Brown
    Insurance License Number
123AAA
 
                 
 
Registered Representative’s Telephone Number
(123) 333-3333
    Registered Representative’s E-Mail Address
jbrown@internet.net
    Option
[ x A ]
 
                 
 
Broker/Dealer’s Name
Brown & Co.
    Brokerage Account Number (optional)        
                 
         
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