Index-Linked Annuity Payment Adjustment Rider (ILAPA)
ILAPA is an optional rider that offers the potential for increased payment amounts for a structured settlement annuity while preserving the current benefit level. By adding ILAPA to a structured settlement contract issue, changes to the payment amount have the potential to increase—but never decrease.
How ILAPA Works
An Opportunity for Your Clients' Payments to Grow
Payments can increase by up to 5%, but they will never decrease.
The ILAPA rider is not a security and does not participate directly in the stock market or any index, so it is not an investment. It is an insurance product designed to help you prepare for your future. Selecting the ILAPA rider may result in a varying benefit amount based on the annuity type and period selected.
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If the S&P 500® index rises over a period of 12 months (referred to as the "Index Measurement Period'), your payments also will rise (subject to an annual maximum of 5%). |
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If the S&P 500® index decreases or nets zero return, there is no reduction to the payment amount. |
Hypothetical ILAPA Illustration
Provides Growth and Protection
You can earn additional payment amounts based on any positive movement of the S&P 500® index.
Assumptions:
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The four-year returns for the S&P 500® index are for hypothetical purposes only.
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The rider was added when the annuity was purchased.
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Initial structured settlement annuity payment amount is $1,500 for the first year.
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The annual maximum annuity payment adjustment is 5%.
ILAPA Performance Tracking
Average Declared Rate for Years Shown at Month Anniversary
| Average | Date | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 3.64% | 15-Jan | 5.00% | 0.00% |
5.00% | 5.00% | 0.00% | 5.00% | 5.00% | 5.00% | 0.00% | 5.00% | 5.00% |
| 3.78% | 15-Feb | 5.00% | 0.00% | 5.00% | 5.00% | 1.63% | 5.00% | 5.00% | 5.00% | 0.00% | 5.00% | 5.00% |
| 3.43% | 15-Mar | 5.00% | 0.00% | 5.00% | 5.00% | 2.74% | 0.00% | 5.00% | 5.00% | 0.00% | 5.00% | 5.00% |
| 5.00% | 15-Apr | 5.00% | 0.00% | 5.00% | 5.00% | 5.00% | 0.00% | 5.00% | 5.00% | 0.00% | 5.00% | 5.00% |
| 3.48% | 15-May | 5.00% | 0.00% | 5.00% | 5.00% | 5.00% | 0.45% | 5.00% | 0.00% | 2.79% | 5.00% | 5.00% |
| 3.99% | 15-Jun | 5.00% | 0.00% | 5.00% | 5.00% | 3.86% | 5.00% | 5.00% | 0.00% | 5.00% | 5.00% | 5.00% |
| 4.33% | 15-Jul | 5.00% | 2.58% | 5.00% | 5.00% | 5.00% | 5.00% | 5.00% | 0.00% | 5.00% | 5.00% | 5.00% |
| 3.90% | 15-Aug | 5.00% | 4.71% | 5.00% | 5.00% | 1.04% | 5.00% | 5.00% | 0.00% | 3.27% | 5.00% | |
| 3.85% | 15-Sep | 0.00% | 5.00% | 5.00% | 5.00% | 3.53% | 5.00% | 5.00% | 0.00% | 5.00% | 5.00% | |
| 4.50% | 15-Oct | 5.00% | 5.00% | 5.00% | 5.00% | 5.00% | 5.00% | 5.00% | 0.00% | 5.00% | 5.00% | |
| 4.00% | 15-Nov | 0.00% | 5.00% | 5.00% | 5.00% | 5.00% | 5.00% | 5.00% | 0.00% | 5.00% | 5.00% | |
| 3.77% | 15-Dec | 2.70% | 5.00% | 5.00% | 0.00% | 5.00% | 5.00% | 5.00% | 0.00% | 5.00% | 5.00% |
For Use with Clients
Pacific Life Insurance Company
25-317
SSQ4624-00 7/25 E728
Contract Form Series: ICC11:10-1213 Rider Form Series: ICC13:20-1280 State variations to contract form and series may apply.