-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, CRQ0VokVNHytAW0DmKl29otoLIXSRu0RRUJgn+hOpbDW00PJ8NLSr82m+hirbmh2 ySC4XaBMg9Gw6onlvR0JYQ== 0001017062-00-000626.txt : 20000307 0001017062-00-000626.hdr.sgml : 20000307 ACCESSION NUMBER: 0001017062-00-000626 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20000302 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SEPARATE ACCOUNT A OF PACIFIC LIFE INSURANCE CO CENTRAL INDEX KEY: 0000935823 STANDARD INDUSTRIAL CLASSIFICATION: [] FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 497 SEC ACT: SEC FILE NUMBER: 333-60833 FILM NUMBER: 560158 BUSINESS ADDRESS: STREET 1: P O BOX 7500 CITY: NEWPORT BEACH STATE: CA ZIP: 92658-7500 BUSINESS PHONE: 7146403743 MAIL ADDRESS: STREET 1: P O BOX 7500 CITY: NEWPORT BEACH STATE: CA ZIP: 92658-7500 FORMER COMPANY: FORMER CONFORMED NAME: SEPARATE ACCOUNT A OF PACIFIC MUTUAL LIFE INS CO DATE OF NAME CHANGE: 19950119 497 1 PACIFIC LIFE VALUE SUPPLEMENT ++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++ +A registration statement for Pacific Select Fund relating to shares of the I- + +Net Tollkeeper Portfolio have been filed with the Securities and Exchange + +Commission, but has not yet become effective. The information in the + +prospectuses is not complete and may be changed. Interests in the new + +Investment Option and shares of the I-Net Tollkeeper Portfolio may not be + +sold until the Fund's registration statement is effective. This supplement + +and preliminary prospectus are not an offer to sell interests in the + +Investment Option or shares of the I-Net Tollkeeper Portfolio and do not + +solicit an offer to buy interests or shares in any state where the offer or + +sale is not permitted. + + + ++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++ Supplement to Prospectuses Dated May 1, 1999 for Pacific Value, a variable annuity contract issued by Pacific Life Insurance Company Date of Supplement: February 29, 2000 This supplement changes the Prospectuses to reflect the following: --------------------------------------------------------- A new Variable The new Investment Option will invest in a new Investment Option Portfolio of the Pacific Select Fund called the I-Net will be available Tollkeeper Portfolio. Below is information summarizing May 1, 2000 the new Portfolio: . I-Net Tollkeeper
--------------------------------------------------------------------------------- Primary Investments Portfolio Manager Objective (under normal circumstances) --------------------------------------------------------------------------------- Pacific Life Insurance Long-term growth of capital. Equity securities of Company, the adviser, companies which use, and the Fund have support, or relate retained Goldman Sachs directly or indirectly Asset Management as to use of the Internet. portfolio manager Such companies include those in the media, telecommunications, and technology sectors. ---------------------------------------------------------------------------------
This chart is only a summary. For more complete information on the Portfolio, including a discussion of the Portfolio's investment techniques and the risks associated with its investments, see the accompanying Fund Preliminary Prospectus. You should read the prospectus carefully. --------------------------------------------------------- An overview of The following is added to the chart under Fees and Pacific Value is Expenses Paid by the Pacific Select Fund: amended
-------------------------------------------------------------- Portfolio Advisory Fee Other Expenses Total Expenses+ -------------------------------------------------------------- I-Net Tollkeeper* 1.50% 0.15% 1.65%
* Expenses are estimated. There were no actual advisory fees or other expenses for this Portfolio in 1999 because the Portfolio has not yet started. See page 7 of the Prospectus for information about expense caps through December 31, 2000 for this Portfolio. + The Fund has implemented a brokerage enhancement 12b-1 plan, under which brokerage transactions may be placed with broker-dealers in return for credits that may be used to help promote distribution of Fund shares. There are no fees or charges to any Portfolio under this plan, although the Fund's Distributor may defray expenses which it would otherwise incur for distribution. If you assume the credits are a direct Fund expense, the expense would have no effect on Other Expenses shown above. 1 --------------------------------------------------------- The following is added to Examples: The following table shows the expenses you would pay on each $1,000 you invested if, at the end of each period, you: annuitized your Contract, surrendered your Contract and withdrew the Contract Value, or did not annuitize or surrender, but left the money in your Contract. These examples assume the following: . the Investment Options have an annual return of 5% without any rider reflects the expenses you would pay if you did not buy the optional Stepped-Up Death Benefit Rider (SDBR) or Premier Death Benefit Rider (PDBR) and the Guaranteed Income Advantage (GIA) Rider. with SDBR reflects the expenses you would pay if you bought the Stepped-Up Death Benefit Rider, but not the GIA Rider. These expenses depend on the age of the youngest Annuitant on the Contract Date. with GIA Rider reflects the expenses you would pay if you bought the optional Guaranteed Income Advantage Rider, but not the optional SDBR or PDBR. with SDBR and GIA Rider reflects the expenses you would pay if you bought the optional Stepped-Up Death Benefit Rider and the Guaranteed Income Advantage Rider. with PDBR reflects the expenses you would pay if you bought the Premier Death Benefit Rider, but not the GIA Rider. These expenses depend on the age of the youngest Annuitant on the Contract Date. The examples do not show past or future expenses. Your actual expenses in any year may be more or less than those shown here.
--------------------------------------------------------------------------------------- Expenses if you did not annuitize or Expenses if you Expenses if you surrender, but left annuitized surrendered the money in your your Contract ($) your Contract ($) Contract ($) --------------------------------------------------------------------------------------- Variable Account 1 yr 3 yr 5 yr 10 yr 1 yr 3 yr 5 yr 10 yr 1 yr 3 yr 5 yr 10 yr --------------------------------------------------------------------------------------- I-Net Tollkeeper without any Rider 94 94 160 336 94 157 205 336 31 94 160 336 with SDBR 96 100 170 354 96 163 215 354 33 100 170 354 with PDBR 97 104 177 368 97 167 222 368 34 104 177 368 with GIA Rider 97 103 175 364 97 166 220 364 34 103 175 364 with SDBR and GIA Rider 99 109 184 382 99 172 229 382 36 109 184 382 with PDBR and GIA Rider 100 113 191 395 100 176 236 395 37 113 191 395 ---------------------------------------------------------------------------------------
--------------------------------------------------------- Choosing Your This information is added to the discussion in the Investment Options prospectus on Choosing Your Investment Options. is amended You may instruct us to allocate all or part of your Purchase Payments to the I-Net Tollkeeper Investment Option on or after May 1, 2000. You may not allocate your Purchase Payments to this Investment Option prior to May 1, 2000, when the Option first becomes available. 2 --------------------------------------------------------- Transfers is This information is added to the discussion in the amended prospectus on Transfers. You may instruct us to transfer Accumulated Value to a Variable Investment Option and specify a future date on which the Accumulated Value is to be transferred. This instruction may cover any Variable Investment Option currently available under your contract and the I-Net Tollkeeper Investment Option. For the I-Net Tollkeeper Investment Option, you may not specify a date prior to May 1, 2000, when the Option first becomes available. If you specify May 1, 2000 for the I-Net Tollkeeper Investment Option, and we receive the instructions prior to that date, the requested amount will be transferred effective as of the close of business on May 1, 2000. You may revoke your transfer instructions at any time before we transfer Accumulated Value by providing us with a revocation in proper form, which we must receive not later than 4:00 p.m. Eastern time on the last Business Day before the date you have specified for a transfer. While highly remote, there is a possibility that the I-Net Tollkeeper Investment Option will not become effective on May 1, 2000, in which case we would not effect the transfer to this Option, and your Accumulated Value would remain in the Investment Option from which you requested it be transferred until the day the I-Net Tollkeeper becomes effective, if ever, unless you instruct us otherwise. --------------------------------------------------------- Choosing Your This information is added to the discussion in the Annuity Option prospectus on Choosing Your Annuity Option. is amended If you select a variable annuity, after the Annuity Date the I-Net Tollkeeper is available as a Variable Investment Option effective May 1, 2000. 3 -----END PRIVACY-ENHANCED MESSAGE-----