497 1 d497.txt DEFINITIVE PROSPECTUS SUPPLEMENT Supplement dated July 9, 2001 to Prospectus dated May 1, 2001 for the Pacific Innovations Select, a variable annuity contract issued by Pacific Life Insurance Company --------------------------------------------------------- Capitalized terms used in this Supplement are defined in the Prospectus referred to above unless otherwise defined herein. "We," "us", or "our" refer to Pacific Life Insurance Company; "you" or "your" refer to the Contract Owner. This Supplement which amends the Prospectus describes the optional Guaranteed Income Advantage (GIA) Rider. The AN OVERVIEW OF PACIFIC INNOVATIONS SELECT section under the Optional Riders section on page 5 of the Prospectus is amended as follows: Guaranteed Income Advantage Rider The Guaranteed Income Advantage Rider ("GIA Rider") offers a guaranteed income advantage annuity option. You may buy the GIA Rider on the Contract Date or on any Contract Anniversary. The GIA Rider is not available in all states. Ask your registered representative about its current availability status in your state of delivery. The expense table on page 6 of the Prospectus under the Contract Expenses section has been revised by adding: Guaranteed Income Advantage Rider Charge, (calculated as a percentage of Contract Value) 0.30%/8/ /8/ If you buy the Guaranteed Income Advantage Rider (GIA Rider), which is subject to state availability, we deduct this charge on each Contract Anniversary date and the Annuity Date, and when you make a full withdrawal, if the GIA Rider is in effect on that date, or when you terminate the GIA Rider. The information on page 8 of the Prospectus under the Examples section has been revised as follows: 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 Contract Value starts at $65,000 . the Variable Investment Options have an annual return of 5% . the Annual Fee is deducted even when the Contract Value goes over $50,000 and a waiver would normally apply . our current program to reimburse to Pacific Select Fund Portfolio expenses in excess of the 0.10% expense cap as described in Pacific Select Fund Annual Expenses will continue for at least 10 years. 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), or the Earnings Enhancement Guarantee (EEG) Rider or the Guaranteed Income Advantage (GIA) Rider. with SDBR reflects the expenses you would pay if you bought the optional Stepped-Up Death Benefit Rider, but not the PDBR, EEG or GIA Riders. with SDBR and EEG Rider reflects the expenses you would pay if you bought the optional Stepped-Up Death Benefit Rider and the Earnings Enhancement Guarantee (EEG) Rider. 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 (GIA) Rider. with SDBR, EEG, and GIA Riders reflects the expenses you would pay if you bought the optional Stepped-Up Death Benefit Rider, the Earnings Enhancement Guarantee (EEG) Rider and the Guaranteed Income Advantage (GIA) Rider. with PDBR reflects the expenses you would pay if you bought the optional Premier Death Benefit Rider, but not the PDBR, EEG or GIA Riders. with PDBR and EEG Rider reflects the expenses you would pay if you bought the optional Premier Death Benefit Rider and the Earnings Enhancement Guarantee (EEG) Rider. with PDBR and GIA Rider reflects the expenses you would pay if you bought the optional Premier Death Benefit Rider and the Guaranteed Income Advantage (GIA) Rider. with PDBR, EEG, and GIA Riders reflects the expenses you would pay if you bought the optional Premier Death Benefit Rider, the Earnings Enhancement Guarantee Rider (EEG) and the Guaranteed Income Advantage (GIA) Rider. with EEG Rider reflects the expenses you would pay if you bought the optional Earnings Enhancement Guarantee (EEG) Rider, but not the optional GIA, SDBR, or PDBR riders. with GIA Rider reflects the expenses you would pay if you bought the optional Guaranteed Income Advantage (GIA) Rider, but not the optional EEG, SDBR, or PDBR riders. with EEG and GIA Riders reflects the expenses you would pay if you bought the optional Earnings Enhancement Guarantee (EEG) Rider and the Guaranteed Income Advantage (GIA) Rider. These 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 ---------------------------------------------------------------------------------------------- Blue Chip without any Rider 90 84 143 303 90 120 143 303 27 84 143 303 with SDBR 92 90 153 322 92 126 153 322 29 90 153 322 with SDBR and EEG Rider 95 97 165 346 95 133 165 346 32 97 165 346 with SDBR and GIA Rider 95 99 168 350 95 135 168 350 32 99 168 350 with SDBR, EEG, and GIA Riders 98 106 180 373 98 142 180 373 35 106 180 373 with PDBR 94 94 160 336 94 130 160 336 31 94 160 336 with PDBR and EEG Rider 96 102 172 359 96 138 172 359 33 102 172 359 with PDBR and GIA Rider 97 103 175 364 97 139 175 364 34 103 175 364 with PDBR, EEG, and GIA Riders 99 111 187 387 99 147 187 387 36 111 187 387 with EEG 93 91 155 327 93 127 155 327 30 91 155 327 with GIA 93 93 158 332 93 129 158 332 30 93 158 332 with EEG and GIA Riders 96 100 170 355 96 136 170 355 33 100 170 355 ---------------------------------------------------------------------------------------------- Aggressive Growth without any Rider 91 85 145 308 91 121 145 308 28 85 145 308 with SDBR 93 91 155 327 93 127 155 327 30 91 155 327 with SDBR and EEG Rider 95 99 168 350 95 135 168 350 32 99 168 350 with SDBR and GIA Rider 96 100 170 355 96 136 170 355 33 100 170 355 with SDBR, EEG, and GIA Riders 98 108 182 378 98 144 182 378 35 108 182 378 with PDBR 94 96 163 341 94 132 163 341 31 96 163 341 with PDBR and EEG Rider 97 103 175 364 97 139 175 364 34 103 175 364 with PDBR and GIA Rider 97 105 177 369 97 141 177 369 34 105 177 369 with PDBR, EEG, and GIA Riders 100 112 189 391 100 148 189 391 37 112 189 391 with EEG 93 93 158 332 93 129 158 332 30 93 158 332 with GIA 94 94 160 336 94 130 160 336 31 94 160 336 with EEG and GIA Riders 96 102 173 360 96 138 173 360 33 102 173 360 ----------------------------------------------------------------------------------------------
2
------------------------------------------------------------------------------------------------- Expenses if you did not Expenses if you Expenses if you annuitize or surrender, annuitized surrendered but left the money in your Contract ($) your Contract ($) your 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 ------------------------------------------------------------------------------------------------- Aggressive Equity without any Rider 89 79 135 286 89 115 135 286 26 79 135 286 with SDBR 91 85 145 306 91 121 145 306 28 85 145 306 with SDBR and EEG Rider 93 92 157 330 93 128 157 330 30 92 157 330 with SDBR and GIA Rider 94 94 159 335 94 130 159 335 31 94 159 335 with SDBR, EEG, and GIA Riders 96 101 172 358 96 137 172 358 33 101 172 358 with PDBR 92 89 152 320 92 125 152 320 29 89 152 320 with PDBR and EEG Rider 95 97 164 344 95 133 164 344 32 97 164 344 with PDBR and GIA Rider 95 98 167 349 95 134 167 349 32 98 167 349 with PDBR, EEG, and GIA Riders 98 106 179 372 98 142 179 372 35 106 179 372 with EEG 91 86 147 311 91 122 147 311 28 86 147 311 with GIA 92 88 150 316 92 124 150 316 29 88 150 316 with EEG and GIA Riders 94 95 162 340 94 131 162 340 31 95 162 340 ------------------------------------------------------------------------------------------------- Emerging Markets without any Rider 93 93 157 330 93 129 157 330 30 93 157 330 with SDBR 95 98 167 349 95 134 167 349 32 98 167 349 with SDBR and EEG Rider 98 106 179 372 98 142 179 372 35 106 179 372 with SDBR and GIA Rider 98 107 182 377 98 143 182 377 35 107 182 377 with SDBR, EEG, and GIA Riders 101 115 194 399 101 151 194 399 38 115 194 399 with PDBR 97 103 174 363 97 139 174 363 34 103 174 363 with PDBR and EEG Rider 99 110 186 385 99 146 186 385 36 110 186 385 with PDBR and GIA Rider 100 112 189 390 100 148 189 390 37 112 189 390 with PDBR, EEG, and GIA Riders 102 119 201 412 102 155 201 412 39 119 201 412 with EEG 96 100 170 354 96 136 170 354 33 100 170 354 with GIA 96 101 172 359 96 137 172 359 33 101 172 359 with EEG and GIA Riders 99 109 184 381 99 145 184 381 36 109 184 381 ------------------------------------------------------------------------------------------------- Diversified Research without any Rider 90 83 142 300 90 119 142 300 27 83 142 300 with SDBR 92 89 151 319 92 125 151 319 29 89 151 319 with SDBR and EEG Rider 95 96 164 343 95 132 164 343 32 96 164 343 with SDBR and GIA Rider 95 98 166 348 95 134 166 348 32 98 166 348 with SDBR, EEG, and GIA Riders 98 105 178 371 98 141 178 371 35 105 178 371 with PDBR 94 93 159 333 94 129 159 333 31 93 159 333 with PDBR and EEG Rider 96 101 171 357 96 137 171 357 33 101 171 357 with PDBR and GIA Rider 97 102 173 361 97 138 173 361 34 102 173 361 with PDBR, EEG, and GIA Riders 99 110 186 384 99 146 186 384 36 110 186 384 with EEG 93 91 154 324 93 127 154 324 30 91 154 324 with GIA 93 92 156 329 93 128 156 329 30 92 156 329 with EEG and GIA Riders 96 100 169 353 96 136 169 353 33 100 169 353 ------------------------------------------------------------------------------------------------- Small-Cap Equity without any Rider 87 74 127 271 87 110 127 271 24 74 127 271 with SDBR 89 80 137 291 89 116 137 291 26 80 137 291 with SDBR and EEG Rider 92 88 150 316 92 124 150 316 29 88 150 316 with SDBR and GIA Rider 92 89 152 320 92 125 152 320 29 89 152 320 with SDBR, EEG, and GIA Riders 95 97 164 344 95 133 164 344 32 97 164 344 with PDBR 91 85 145 306 91 121 145 306 28 85 145 306 with PDBR and EEG Rider 93 92 157 330 93 128 157 330 30 92 157 330 with PDBR and GIA Rider 94 94 159 335 94 130 159 335 31 94 159 335 with PDBR, EEG, and GIA Riders 96 101 172 358 96 137 172 358 33 101 172 358 with EEG 90 82 140 296 90 118 140 296 27 82 140 296 with GIA 90 83 142 301 90 119 142 301 27 83 142 301 with EEG and GIA Riders 93 91 155 326 93 127 155 326 30 91 155 326 ------------------------------------------------------------------------------------------------- International Large Cap without any Rider 92 89 151 318 92 125 151 318 29 89 151 318 with SDBR 94 95 161 337 94 131 161 337 31 95 161 337 with SDBR and EEG Rider 96 102 173 360 96 138 173 360 33 102 173 360 with SDBR and GIA Rider 97 104 175 365 97 140 175 365 34 104 175 365 with SDBR, EEG, and GIA Riders 99 111 187 388 99 147 187 388 36 111 187 388 with PDBR 95 99 168 351 95 135 168 351 32 99 168 351 with PDBR and EEG Rider 98 106 180 374 98 142 180 374 35 106 180 374 with PDBR and GIA Rider 98 108 182 378 98 144 182 378 35 108 182 378 with PDBR, EEG, and GIA Riders 101 115 194 401 101 151 194 401 38 115 194 401 with EEG 94 96 163 342 94 132 163 342 31 96 163 342 with GIA 95 98 166 347 95 134 166 347 32 98 166 347 with EEG and GIA Riders 98 105 178 370 98 141 178 370 35 105 178 370 -------------------------------------------------------------------------------------------------
3
------------------------------------------------------------------------------------------------- Expenses if you did not Expenses if you Expenses if you annuitize or surrender, annuitized surrendered but left the money in your Contract ($) your Contract ($) your Contract ($) ------------------------------------------------------------------------------------------------- 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 ------------------------------------------------------------------------------------------------- Equity without any Rider 87 74 127 271 87 110 127 271 24 74 127 271 with SDBR 89 80 137 291 89 116 137 291 26 80 137 291 with SDBR and EEG Rider 92 88 150 316 92 124 150 316 29 88 150 316 with SDBR and GIA Rider 92 89 152 320 92 125 152 320 29 89 152 320 with SDBR, EEG, and GIA Riders 95 97 164 344 95 133 164 344 32 97 164 344 with PDBR 91 85 145 306 91 121 145 306 28 85 145 306 with PDBR and EEG Rider 93 92 157 330 93 128 157 330 30 92 157 330 with PDBR and GIA Rider 94 94 159 335 94 130 159 335 31 94 159 335 with PDBR, EEG, and GIA Riders 96 101 172 358 96 137 172 358 33 101 172 358 with EEG 90 82 140 296 90 118 140 296 27 82 140 296 with GIA 90 83 142 301 90 119 142 301 27 83 142 301 with EEG and GIA Riders 93 91 155 326 93 127 155 326 30 91 155 326 ------------------------------------------------------------------------------------------------- I-Net Tollkeeper without any Rider 96 101 172 358 96 137 172 358 33 101 172 358 with SDBR 98 107 181 376 98 143 181 376 35 107 181 376 with SDBR and EEG Rider 101 115 193 399 101 151 193 399 38 115 193 399 with SDBR and GIA Rider 101 116 196 403 101 152 196 403 38 116 196 403 with SDBR, EEG, and GIA Riders 104 123 207 425 104 159 207 425 41 123 207 425 with PDBR 100 112 188 389 100 148 188 389 37 112 188 389 with PDBR and EEG Rider 102 119 200 411 102 155 200 411 39 119 200 411 with PDBR and GIA Rider 103 120 203 416 103 156 203 416 40 120 203 416 with PDBR, EEG, and GIA Riders 105 128 214 437 105 164 214 437 42 128 214 437 with EEG 99 109 184 381 99 145 184 381 36 109 184 381 with GIA 99 110 186 386 99 146 186 386 36 110 186 386 with EEG and GIA Riders 102 118 198 408 102 154 198 408 39 118 198 408 ------------------------------------------------------------------------------------------------- Financial Services without any Rider 92 90 152 321 92 126 152 321 29 90 152 321 with SDBR 94 95 162 340 94 131 162 340 31 95 162 340 with SDBR and EEG Rider 97 103 174 363 97 139 174 363 34 103 174 363 with SDBR and GIA Rider 97 104 177 368 97 140 177 368 34 104 177 368 with SDBR, EEG, and GIA Riders 100 112 189 390 100 148 189 390 37 112 189 390 with PDBR 96 100 169 354 96 136 169 354 33 100 169 354 with PDBR and EEG Rider 98 107 181 377 98 143 181 377 35 107 181 377 with PDBR and GIA Rider 99 109 184 381 99 145 184 381 36 109 184 381 with PDBR, EEG, and GIA Riders 101 116 196 403 101 152 196 403 38 116 196 403 with EEG 95 97 165 345 95 133 165 345 32 97 165 345 with GIA 95 99 167 349 95 135 167 349 32 99 167 349 with EEG and GIA Riders 98 106 179 373 98 142 179 373 35 106 179 373 ------------------------------------------------------------------------------------------------- Health Sciences without any Rider 92 90 152 321 92 126 152 321 29 90 152 321 with SDBR 94 95 162 340 94 131 162 340 31 95 162 340 with SDBR and EEG Rider 97 103 174 363 97 139 174 363 34 103 174 363 with SDBR and GIA Rider 97 104 177 368 97 140 177 368 34 104 177 368 with SDBR, EEG, and GIA Riders 100 112 189 390 100 148 189 390 37 112 189 390 with PDBR 96 100 169 354 96 136 169 354 33 100 169 354 with PDBR and EEG Rider 98 107 181 377 98 143 181 377 35 107 181 377 with PDBR and GIA Rider 99 109 184 381 99 145 184 381 36 109 184 381 with PDBR, EEG, and GIA Riders 101 116 196 403 101 152 196 403 38 116 196 403 with EEG 95 97 165 345 95 133 165 345 32 97 165 345 with GIA 95 99 167 349 95 135 167 349 32 99 167 349 with EEG and GIA Riders 98 106 179 373 98 142 179 373 35 106 179 373 ------------------------------------------------------------------------------------------------- Technology without any Rider 92 89 151 319 92 125 151 319 29 89 151 319 with SDBR 94 95 161 338 94 131 161 338 31 95 161 338 with SDBR and EEG Rider 97 102 173 361 97 138 173 361 34 102 173 361 with SDBR and GIA Rider 97 104 176 366 97 140 176 366 34 104 176 366 with SDBR, EEG, and GIA Riders 100 111 188 389 100 147 188 389 37 111 188 389 with PDBR 96 99 168 352 96 135 168 352 33 99 168 352 with PDBR and EEG Rider 98 107 181 375 98 143 181 375 35 107 181 375 with PDBR and GIA Rider 99 108 183 379 99 144 183 379 36 108 183 379 with PDBR, EEG, and GIA Riders 101 116 195 402 101 152 195 402 38 116 195 402 with EEG 95 96 164 343 95 132 164 343 32 96 164 343 with GIA 95 98 166 348 95 134 166 348 32 98 166 348 with EEG and GIA Riders 98 105 178 371 98 141 178 371 35 105 178 371 -------------------------------------------------------------------------------------------------
4
------------------------------------------------------------------------------------------------- Expenses if you did not Expenses if you Expenses if you annuitize or surrender, annuitized surrendered but left the money in your Contract ($) your Contract ($) your 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 ------------------------------------------------------------------------------------------------- Telecommunications without any Rider 92 89 151 319 92 125 151 319 29 89 151 319 with SDBR 94 95 161 338 94 131 161 338 31 95 161 338 with SDBR and EEG Rider 97 102 173 361 97 138 173 361 34 102 173 361 with SDBR and GIA Rider 97 104 176 366 97 140 176 366 34 104 176 366 with SDBR, EEG, and GIA Riders 100 111 188 389 100 147 188 389 37 111 188 389 with PDBR 96 99 168 352 96 135 168 352 33 99 168 352 with PDBR and EEG Rider 98 107 181 375 98 143 181 375 35 107 181 375 with PDBR and GIA Rider 99 108 183 379 99 144 183 379 36 108 183 379 with PDBR, EEG, and GIA Riders 101 116 195 402 101 152 195 402 38 116 195 402 with EEG 95 96 164 343 95 132 164 343 32 96 164 343 with GIA 95 98 166 348 95 134 166 348 32 98 166 348 with EEG and GIA Riders 98 105 178 371 98 141 178 371 35 105 178 371 ------------------------------------------------------------------------------------------------- Multi-Strategy without any Rider 87 74 127 271 87 110 127 271 24 74 127 271 with SDBR 89 80 137 291 89 116 137 291 26 80 137 291 with SDBR and EEG Rider 92 88 150 316 92 124 150 316 29 88 150 316 with SDBR and GIA Rider 92 89 152 320 92 125 152 320 29 89 152 320 with SDBR, EEG, and GIA Riders 95 97 164 344 95 133 164 344 32 97 164 344 with PDBR 91 85 145 306 91 121 145 306 28 85 145 306 with PDBR and EEG Rider 93 92 157 330 93 128 157 330 30 92 157 330 with PDBR and GIA Rider 94 94 159 335 94 130 159 335 31 94 159 335 with PDBR, EEG, and GIA Riders 96 101 172 358 96 137 172 358 33 101 172 358 with EEG 90 82 140 296 90 118 140 296 27 82 140 296 with GIA 90 83 142 301 90 119 142 301 27 83 142 301 with EEG and GIA Riders 93 91 155 326 93 127 155 326 30 91 155 326 ------------------------------------------------------------------------------------------------- Equity Income without any Rider 87 74 127 271 87 110 127 271 24 74 127 271 with SDBR 89 80 137 291 89 116 137 291 26 80 137 291 with SDBR and EEG Rider 92 88 150 316 92 124 150 316 29 88 150 316 with SDBR and GIA Rider 92 89 152 320 92 125 152 320 29 89 152 320 with SDBR, EEG, and GIA Riders 95 97 164 344 95 133 164 344 32 97 164 344 with PDBR 91 85 145 306 91 121 145 306 28 85 145 306 with PDBR and EEG Rider 93 92 157 330 93 128 157 330 30 92 157 330 with PDBR and GIA Rider 94 94 159 335 94 130 159 335 31 94 159 335 with PDBR, EEG, and GIA Riders 96 101 172 358 96 137 172 358 33 101 172 358 with EEG 90 82 140 296 90 118 140 296 27 82 140 296 with GIA 90 83 142 301 90 119 142 301 27 83 142 301 with EEG and GIA Riders 93 91 155 326 93 127 155 326 30 91 155 326 ------------------------------------------------------------------------------------------------- Strategic Value without any Rider 91 85 145 307 91 121 145 307 28 85 145 307 with SDBR 93 91 155 326 93 127 155 326 30 91 155 326 with SDBR and EEG Rider 95 99 167 349 95 135 167 349 32 99 167 349 with SDBR and GIA Rider 96 100 170 354 96 136 170 354 33 100 170 354 with SDBR, EEG, and GIA Riders 98 107 182 377 98 143 182 377 35 107 182 377 with PDBR 94 95 162 340 94 131 162 340 31 95 162 340 with PDBR and EEG Rider 97 103 174 363 97 139 174 363 34 103 174 363 with PDBR and GIA Rider 97 104 177 368 97 140 177 368 34 104 177 368 with PDBR, EEG, and GIA Riders 100 112 189 390 100 148 189 390 37 112 189 390 with EEG 93 93 157 331 93 129 157 331 30 93 157 331 with GIA 94 94 160 336 94 130 160 336 31 94 160 336 with EEG and GIA Riders 96 102 172 359 96 138 172 359 33 102 172 359 ------------------------------------------------------------------------------------------------- Growth LT without any Rider 88 77 132 281 88 113 132 281 25 77 132 281 with SDBR 90 83 142 301 90 119 142 301 27 83 142 301 with SDBR and EEG Rider 93 91 154 325 93 127 154 325 30 91 154 325 with SDBR and GIA Rider 93 92 157 330 93 128 157 330 30 92 157 330 with SDBR, EEG, and GIA Riders 96 100 169 354 96 136 169 354 33 100 169 354 with PDBR 92 88 149 315 92 124 149 315 29 88 149 315 with PDBR and EEG Rider 94 95 162 339 94 131 162 339 31 95 162 339 with PDBR and GIA Rider 95 97 164 344 95 133 164 344 32 97 164 344 with PDBR, EEG, and GIA Riders 97 104 176 367 97 140 176 367 34 104 176 367 with EEG 91 85 145 306 91 121 145 306 28 85 145 306 with GIA 91 86 147 311 91 122 147 311 28 86 147 311 with EEG and GIA Riders 94 94 160 335 94 130 160 335 31 94 160 335 -------------------------------------------------------------------------------------------------
5
------------------------------------------------------------------------------------------------- Expenses if you did not Expenses if you Expenses if you annuitize or surrender, annuitized surrendered but left the money in your Contract ($) your Contract ($) your Contract ($) ------------------------------------------------------------------------------------------------- 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 ------------------------------------------------------------------------------------------------- Focused 30 without any Rider 91 85 145 307 91 121 145 307 28 85 145 307 with SDBR 93 91 155 326 93 127 155 326 30 91 155 326 with SDBR and EEG Rider 95 99 167 349 95 135 167 349 32 99 167 349 with SDBR and GIA Rider 96 100 170 354 96 136 170 354 33 100 170 354 with SDBR, EEG, and GIA Riders 98 107 182 377 98 143 182 377 35 107 182 377 with PDBR 94 95 162 340 94 131 162 340 31 95 162 340 with PDBR and EEG Rider 97 103 174 363 97 139 174 363 34 103 174 363 with PDBR and GIA Rider 97 104 177 368 97 140 177 368 34 104 177 368 with PDBR, EEG, and GIA Riders 100 112 189 390 100 148 189 390 37 112 189 390 with EEG 93 93 157 331 93 129 157 331 30 93 157 331 with GIA 94 94 160 336 94 130 160 336 31 94 160 336 with EEG and GIA Riders 96 102 172 359 96 138 172 359 33 102 172 359 ------------------------------------------------------------------------------------------------- Mid-Cap Value without any Rider 89 80 137 290 89 116 137 290 26 80 137 290 with SDBR 91 86 146 310 91 122 146 310 28 86 146 310 with SDBR and EEG Rider 94 94 159 334 94 130 159 334 31 94 159 334 with SDBR and GIA Rider 94 95 161 338 94 131 161 338 31 95 161 338 with SDBR, EEG, and GIA Riders 97 102 174 362 97 138 174 362 34 102 174 362 with PDBR 93 90 154 324 93 126 154 324 30 90 154 324 with PDBR and EEG Rider 95 98 166 348 95 134 166 348 32 98 166 348 with PDBR and GIA Rider 96 99 169 352 96 135 169 352 33 99 169 352 with PDBR, EEG, and GIA Riders 98 107 181 375 98 143 181 375 35 107 181 375 with EEG 92 88 149 315 92 124 149 315 29 88 149 315 with GIA 92 89 152 319 92 125 152 319 29 89 152 319 with EEG and GIA Riders 95 97 164 343 95 133 164 343 32 97 164 343 ------------------------------------------------------------------------------------------------- International Value without any Rider 90 82 141 298 90 118 141 298 27 82 141 298 with SDBR 92 88 150 317 92 124 150 317 29 88 150 317 with SDBR and EEG Rider 94 96 163 341 94 132 163 341 31 96 163 341 with SDBR and GIA Rider 95 97 165 346 95 133 165 346 32 97 165 346 with SDBR, EEG, and GIA Riders 97 105 177 369 97 141 177 369 34 105 177 369 with PDBR 93 93 158 331 93 129 158 331 30 93 158 331 with PDBR and EEG Rider 96 100 170 355 96 136 170 355 33 100 170 355 with PDBR and GIA Rider 96 102 172 360 96 138 172 360 33 102 172 360 with PDBR, EEG, and GIA Riders 99 109 185 382 99 145 185 382 36 109 185 382 with EEG 92 90 153 322 92 126 153 322 29 90 153 322 with GIA 93 91 156 327 93 127 156 327 30 91 156 327 with EEG and GIA Riders 95 99 168 351 95 135 168 351 32 99 168 351 ------------------------------------------------------------------------------------------------- Capital Opportunities without any Rider 89 79 136 288 89 115 136 288 26 79 136 288 with SDBR 91 85 145 308 91 121 145 308 28 85 145 308 with SDBR and EEG Rider 93 93 158 332 93 129 158 332 30 93 158 332 with SDBR and GIA Rider 94 94 160 336 94 130 160 336 31 94 160 336 with SDBR, EEG, and GIA Riders 96 102 173 360 96 138 173 360 33 102 173 360 with PDBR 92 90 153 322 92 126 153 322 29 90 153 322 with PDBR and EEG Rider 95 97 165 346 95 133 165 346 32 97 165 346 with PDBR and GIA Rider 95 99 168 350 95 135 168 350 32 99 168 350 with PDBR, EEG, and GIA Riders 98 106 180 373 98 142 180 373 35 106 180 373 with EEG 91 87 148 313 91 123 148 313 28 87 148 313 with GIA 92 89 151 318 92 125 151 318 29 89 151 318 with EEG and GIA Riders 94 96 163 341 94 132 163 341 31 96 163 341 ------------------------------------------------------------------------------------------------- Mid-Cap Growth without any Rider 90 82 141 298 90 118 141 298 27 82 141 298 with SDBR 92 88 150 317 92 124 150 317 29 88 150 317 with SDBR and EEG Rider 94 96 163 341 94 132 163 341 31 96 163 341 with SDBR and GIA Rider 95 97 165 346 95 133 165 346 32 97 165 346 with SDBR, EEG, and GIA Riders 97 105 177 369 97 141 177 369 34 105 177 369 with PDBR 93 93 158 331 93 129 158 331 30 93 158 331 with PDBR and EEG Rider 96 100 170 355 96 136 170 355 33 100 170 355 with PDBR and GIA Rider 96 102 172 360 96 138 172 360 33 102 172 360 with PDBR, EEG, and GIA Riders 99 109 185 382 99 145 185 382 36 109 185 382 with EEG 92 90 153 322 92 126 153 322 29 90 153 322 with GIA 93 91 156 327 93 127 156 327 30 91 156 327 with EEG and GIA Riders 95 99 168 351 95 135 168 351 32 99 168 351 -------------------------------------------------------------------------------------------------
6
------------------------------------------------------------------------------------------------- Expenses if you did not Expenses if you Expenses if you annuitize or surrender, annuitized surrendered but left the money in your Contract ($) your Contract ($) your 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 ------------------------------------------------------------------------------------------------- Global Growth without any Rider 93 92 157 329 93 128 157 329 30 92 157 329 with SDBR 95 98 166 348 95 134 166 348 32 98 166 348 with SDBR and EEG Rider 98 106 179 371 98 142 179 371 35 106 179 371 with SDBR and GIA Rider 98 107 181 376 98 143 181 376 35 107 181 376 with SDBR, EEG, and GIA Riders 101 114 193 398 101 150 193 398 38 114 193 398 with PDBR 97 103 174 362 97 139 174 362 34 103 174 362 with PDBR and EEG Rider 99 110 186 385 99 146 186 385 36 110 186 385 with PDBR and GIA Rider 100 111 188 389 100 147 188 389 37 111 188 389 with PDBR, EEG, and GIA Riders 102 119 200 411 102 155 200 411 39 119 200 411 with EEG 96 100 169 353 96 136 169 353 33 100 169 353 with GIA 96 101 171 358 96 137 171 358 33 101 171 358 with EEG and GIA Riders 99 109 184 381 99 145 184 381 36 109 184 381 ------------------------------------------------------------------------------------------------- Equity Index without any Rider 83 62 107 230 83 98 107 230 20 62 107 230 with SDBR 85 68 117 251 85 104 117 251 22 68 117 251 with SDBR and EEG Rider 88 76 130 276 88 112 130 276 25 76 130 276 with SDBR and GIA Rider 88 77 132 282 88 113 132 282 25 77 132 282 with SDBR, EEG, and GIA Riders 91 85 145 306 91 121 145 306 28 85 145 306 with PDBR 87 73 125 266 87 109 125 266 24 73 125 266 with PDBR and EEG Rider 89 80 137 291 89 116 137 291 26 80 137 291 with PDBR and GIA Rider 90 82 140 296 90 118 140 296 27 82 140 296 with PDBR, EEG, and GIA Riders 92 89 152 321 92 125 152 321 29 89 152 321 with EEG 86 70 120 256 86 106 120 256 23 70 120 256 with GIA 86 71 122 261 86 107 122 261 23 71 122 261 with EEG and GIA Riders 89 79 135 287 89 115 135 287 26 79 135 287 ------------------------------------------------------------------------------------------------- Small-Cap Index without any Rider 86 72 123 262 86 108 123 262 23 72 123 262 with SDBR 88 78 133 282 88 114 133 282 25 78 133 282 with SDBR and EEG Rider 91 85 145 307 91 121 145 307 28 85 145 307 with SDBR and GIA Rider 91 87 148 312 91 123 148 312 28 87 148 312 with SDBR, EEG, and GIA Riders 94 94 160 336 94 130 160 336 31 94 160 336 with PDBR 90 82 140 297 90 118 140 297 27 82 140 297 with PDBR and EEG Rider 92 90 153 321 92 126 153 321 29 90 153 321 with PDBR and GIA Rider 93 91 155 326 93 127 155 326 30 91 155 326 with PDBR, EEG, and GIA Riders 95 99 167 350 95 135 167 350 32 99 167 350 with EEG 89 79 135 287 89 115 135 287 26 79 135 287 with GIA 89 81 138 292 89 117 138 292 26 81 138 292 with EEG and GIA Riders 92 88 150 317 92 124 150 317 29 88 150 317 ------------------------------------------------------------------------------------------------- REIT without any Rider 92 88 149 315 92 124 149 315 29 88 149 315 with SDBR 94 94 159 334 94 130 159 334 31 94 159 334 with SDBR and EEG Rider 96 101 171 358 96 137 171 358 33 101 171 358 with SDBR and GIA Rider 97 103 174 362 97 139 174 362 34 103 174 362 with SDBR, EEG, and GIA Riders 99 110 186 385 99 146 186 385 36 110 186 385 with PDBR 95 98 166 348 95 134 166 348 32 98 166 348 with PDBR and EEG Rider 98 106 179 371 98 142 179 371 35 106 179 371 with PDBR and GIA Rider 98 107 181 376 98 143 181 376 35 107 181 376 with PDBR, EEG, and GIA Riders 101 114 193 398 101 150 193 398 38 114 193 398 with EEG 94 95 162 339 94 131 162 339 31 95 162 339 with GIA 95 97 164 344 95 133 164 344 32 97 164 344 with EEG and GIA Riders 97 104 176 367 97 140 176 367 34 104 176 367 ------------------------------------------------------------------------------------------------- Inflation Managed (formerly called Government Securities) without any Rider 86 72 124 264 86 108 124 264 23 72 124 264 with SDBR 88 78 134 284 88 114 134 284 25 78 134 284 with SDBR and EEG Rider 91 86 146 309 91 122 146 309 28 86 146 309 with SDBR and GIA Rider 91 87 149 314 91 123 149 314 28 87 149 314 with SDBR, EEG, and GIA Riders 94 95 161 338 94 131 161 338 31 95 161 338 with PDBR 90 83 141 299 90 119 141 299 27 83 141 299 with PDBR and EEG Rider 92 90 154 323 92 126 154 323 29 90 154 323 with PDBR and GIA Rider 93 92 156 328 93 128 156 328 30 92 156 328 with PDBR, EEG, and GIA Riders 96 99 168 352 96 135 168 352 33 99 168 352 with EEG 89 80 136 289 89 116 136 289 26 80 136 289 with GIA 89 81 139 294 89 117 139 294 26 81 139 294 with EEG and GIA Riders 92 89 151 319 92 125 151 319 29 89 151 319 -------------------------------------------------------------------------------------------------
7
------------------------------------------------------------------------------------------------- Expenses if you did not Expenses if you Expenses if you annuitize or surrender, annuitized surrendered but left the money in your Contract ($) your Contract ($) your Contract ($) ------------------------------------------------------------------------------------------------- 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 ------------------------------------------------------------------------------------------------- Managed Bond without any Rider 87 73 125 266 87 109 125 266 24 73 125 266 with SDBR 89 79 135 286 89 115 135 286 26 79 135 286 with SDBR and EEG Rider 91 86 147 311 91 122 147 311 28 86 147 311 with SDBR and GIA Rider 92 88 150 316 92 124 150 316 29 88 150 316 with SDBR, EEG, and GIA Riders 94 95 162 340 94 131 162 340 31 95 162 340 with PDBR 90 83 142 301 90 119 142 301 27 83 142 301 with PDBR and EEG Rider 93 91 154 325 93 127 154 325 30 91 154 325 with PDBR and GIA Rider 93 92 157 330 93 128 157 330 30 92 157 330 with PDBR, EEG, and GIA Riders 96 100 169 354 96 136 169 354 33 100 169 354 with EEG 89 80 137 291 89 116 137 291 26 80 137 291 with GIA 90 82 140 296 90 118 140 296 27 82 140 296 with EEG and GIA Riders 92 89 152 321 92 125 152 321 29 89 152 321 ------------------------------------------------------------------------------------------------- Money Market without any Rider 84 65 111 240 84 101 111 240 21 65 111 240 with SDBR 86 71 122 260 86 107 122 260 23 71 122 260 with SDBR and EEG Rider 89 79 134 285 89 115 134 285 26 79 134 285 with SDBR and GIA Rider 89 80 137 290 89 116 137 290 26 80 137 290 with SDBR, EEG, and GIA Riders 92 88 149 315 92 124 149 315 29 88 149 315 with PDBR 88 76 129 275 88 112 129 275 25 76 129 275 with PDBR and EEG Rider 90 83 142 300 90 119 142 300 27 83 142 300 with PDBR and GIA Rider 91 85 144 305 91 121 144 305 28 85 144 305 with PDBR, EEG, and GIA Riders 93 92 157 329 93 128 157 329 30 92 157 329 with EEG 87 73 124 265 87 109 124 265 24 73 124 265 with GIA 87 74 127 271 87 110 127 271 24 74 127 271 with EEG and GIA Riders 90 82 139 296 90 118 139 296 27 82 139 296 ------------------------------------------------------------------------------------------------- High Yield Bond without any Rider 87 73 125 266 87 109 125 266 24 73 125 266 with SDBR 89 79 135 286 89 115 135 286 26 79 135 286 with SDBR and EEG Rider 91 86 147 311 91 122 147 311 28 86 147 311 with SDBR and GIA Rider 92 88 150 316 92 124 150 316 29 88 150 316 with SDBR, EEG, and GIA Riders 94 95 162 340 94 131 162 340 31 95 162 340 with PDBR 90 83 142 301 90 119 142 301 27 83 142 301 with PDBR and EEG Rider 93 91 154 325 93 127 154 325 30 91 154 325 with PDBR and GIA Rider 93 92 157 330 93 128 157 330 30 92 157 330 with PDBR, EEG, and GIA Riders 96 100 169 354 96 136 169 354 33 100 169 354 with EEG 89 80 137 291 89 116 137 291 26 80 137 291 with GIA 90 82 140 296 90 118 140 296 27 82 140 296 with EEG and GIA Riders 92 89 152 321 92 125 152 321 29 89 152 321 ------------------------------------------------------------------------------------------------- Large-Cap Value without any Rider 89 81 138 292 89 117 138 292 26 81 138 292 with SDBR 91 87 147 311 91 123 147 311 28 87 147 311 with SDBR and EEG Rider 94 94 160 335 94 130 160 335 31 94 160 335 with SDBR and GIA Rider 94 96 162 340 94 132 162 340 31 96 162 340 with SDBR, EEG, and GIA Riders 97 103 175 364 97 139 175 364 34 103 175 364 with PDBR 93 91 155 326 93 127 155 326 30 91 155 326 with PDBR and EEG Rider 95 99 167 349 95 135 167 349 32 99 167 349 with PDBR and GIA Rider 96 100 170 354 96 136 170 354 33 100 170 354 with PDBR, EEG, and GIA Riders 98 107 182 377 98 143 182 377 35 107 182 377 with EEG 92 88 150 317 92 124 150 317 29 88 150 317 with GIA 92 90 153 321 92 126 153 321 29 90 153 321 with EEG and GIA Riders 95 97 165 345 95 133 165 345 32 97 165 345 -------------------------------------------------------------------------------------------------
The purpose of the preceding table is to help you understand the various costs and expenses that you may bear directly or indirectly. The table reflects expenses of the Separate Account as well as those of the underlying Portfolios. Premium taxes may also be applicable. For more information on fees and expenses, see CHARGES, FEES AND DEDUCTIONS, WITHDRAWALS and Pacific Select Fund Annual Expenses in this Prospectus and see the Fund's SAI. 8 The following is added to the PURCHASING YOUR CONTRACT section on Page 15 of the Prospectus: Purchasing the Guaranteed Income Advantage Rider (Optional) You may purchase the GIA Rider on the Contract Date or on any Contract Anniversary. You may purchase the GIA Rider only if the age of each Annuitant is 80 years or younger on the date the GIA Rider is purchased. The GIA Rider will remain in effect until the earlier of: . a full withdrawal of the amount available for withdrawal under the Contract; . a death benefit becomes payable under the Contract; . any termination of the Contract in accordance with the terms of the Contract; . the Annuity Date; or . termination of the GIA Rider. You may terminate the GIA Rider on the fifth Contract Anniversary or on any later Contract Anniversary. If you buy the GIA Rider within 30 days after the Contract Date or Contract Anniversary, we will make the effective date of the GIA Rider to coincide with that Contract Date or Contract Anniversary. The following is added to the CHARGES, FEES AND DEDUCTIONS section on Page 22 of the Prospectus: Annual Guaranteed Income Advantage Charge (Optional Rider) If you purchase the GIA Rider, we deduct annually a Guaranteed Income Advantage Charge ("GIA Charge") for expenses related to the GIA Rider. The GIA Charge is equal to 0.30% multiplied by your Contract Value on the date the Charge is deducted. We will deduct the GIA Charge from your Investment Options on a proportionate basis: . on each Contract Anniversary the GIA Rider remains in effect; . on the Annuity Date, if the GIA Rider is still in effect; . when the GIA Rider is terminated. Any portion of the GIA Charge we deduct from the Fixed Option will not be greater than the annual interest credited in excess of 3%. If you terminate the GIA Rider, we will charge your Contract for the annual GIA Charge on the effective date of termination. If you make a full withdrawal of the amount available for withdrawal during a Contract Year, we will deduct the entire GIA Charge for the Contract Year from the final payment made to you. The following is added to the RETIREMENT BENEFITS AND OTHER PAYOUTS section under Choosing Your Annuity Option starting on page 24 of the Prospectus: Guaranteed Income Advantage Annuity Option If you purchase the GIA Rider, you may choose any of the Annuity Options described in the Prospectus, or you may choose the Guaranteed Income Advantage Annuity Option if 10 years have passed since the GIA Rider was purchased and the GIA Rider is still in effect. You must choose fixed annuity payments under this Guaranteed Income Advantage Annuity Option. 9 The guaranteed income purchased per $1,000 of the net amount applied to the annuity payments will be based on an annual interest rate of 2.5% and the 1983a Annuity Mortality Table with the age set back 10 years. The net amount applied to the annuity payments under the Guaranteed Income Advantage Annuity Option will be based on the higher of the following Guaranteed Income Base or the Enhanced Income Base, which are described below. 1. Guaranteed Income Base - If you purchase the GIA Rider on the Contract Date, the Guaranteed Income Base is equal to the Purchase Payments less an adjustment for each withdrawal, increased at a 5% effective annual rate of interest. We calculate the adjustment for each withdrawal by multiplying the Guaranteed Income Base prior to a withdrawal by the ratio of the amount of the withdrawal, including applicable withdrawal charges, to the Contract Value immediately prior to withdrawal. If you purchase the GIA Rider on a Contract Anniversary after the Contract Date, the Guaranteed Income Base is equal to the Contract Value on the date the GIA Rider is purchased, plus all Purchase Payments made after the GIA Rider is purchased, less an adjustment for each withdrawal occurring after the GIA is purchased, increased at a 5% effective annual rate of interest. We calculate the adjustment for each withdrawal by multiplying the Guaranteed Income Base prior to the withdrawal by the ratio of the amount of the withdrawal, including applicable withdrawal charges, to the Contract Value immediately prior to the withdrawal. The effective annual rate of interest will take into account the timing of when each Purchase Payment and withdrawal occurred. We accomplish this by applying a daily factor of 1.000133681 to each day's Guaranteed Income Base balance. The 5% effective annual rate of interest will stop accruing as of the earlier of: . the Contract Anniversary following the date the youngest Annuitant reaches his or her 80th birthday; . a full withdrawal of the amount available for withdrawal under the Contract; . a death benefit becomes payable under the Contract; . any termination of the Contract in accordance with the provisions of the Contract; . the Annuity Date; or . termination of the GIA Rider. On the Annuity Date and if the GIA Rider has not terminated, the net amount we apply to the annuity payments will be the Guaranteed Income Base reduced by any remaining withdrawal charges associated with additional Purchase Payments added to the Contract, any applicable state premium tax, and any outstanding Contract Debt. 2. Enhanced Income Base - The Enhanced Income Base is equal to your Net Contract Value on the Annuity Date plus an additional 15% of the amount equal to: . the Net Contract Value on the Annuity Date; . less the sum of all Purchase Payments applied to the Contract in the 12 months prior to the Annuity Date. On the Annuity Date, the net amount we apply to the annuity payments will be the Enhanced Income Base reduced by any withdrawal charges associated with additional Purchase Payments added to the Contract and any applicable state premium tax. 10 The structure of the annuity payments that may be elected under the Guaranteed Income Advantage Annuity Option are: . 15 years or more Period Certain; . Life; . Joint and Survivor Life; . Life with 10 Years or More Period Certain. If you elect the Guaranteed Income Advantage (GIA) Annuity Option, the waiver of withdrawal charges upon annuitization will not apply. We will reduce the net amount applied to the annuity payments under the Guaranteed Income Advantage Annuity Option by any remaining withdrawal charges. The rider contains annuity tables for each GIA Annuity Option available. 11