-----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, I2+7VjpO1No2vcYI+xZr1L9fZpIlobYi4RbYr/SeJOvYxmcSydEPSwtRdREPl/VZ JSSzZBcvIXxpKa7qWbo0rQ== 0001017062-99-002106.txt : 19991221 0001017062-99-002106.hdr.sgml : 19991221 ACCESSION NUMBER: 0001017062-99-002106 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19991220 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: 033-88460 FILM NUMBER: 99777174 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 PAC. PORTFOLIOS SUPP. DATED 12/17/99 PACIFIC PORTFOLIOS Individual Flexible Premium Deferred Variable Annuity Contract Issued by Pacific Life Insurance Company Supplement dated December 17, 1999 to Prospectus dated May 1, 1999 This supplement changes the Prospectus to reflect the following effective January 1, 2000: --------------------------------------------------------------------------------- Two New Variable Investment The two new Variable Investment Options are added to the list on page 1 of the Options Are Available Prospectus. . Diversified Research . International Large-Cap --------------------------------------------------------------------------------- The Growth Variable Account Is As of October 1, 1999, the Growth Variable Account is available as an Added as a Variable Investment additional Variable Investment Option. The Growth Variable Account invests in Option the Growth Portfolio of the Fund. References to the 17 Variable Investment Options or Subaccounts throughout the Prospectus are changed to refer to 20 Variable Investment Options or Subaccounts. --------------------------------------------------------------------------------- The Names of Two Variable The Growth Variable Investment Option is now called the Small-Cap Equity Investment Options Are Changed Variable Investment Option. The International Variable Investment Option is now called the International Value Variable Investment Option. These new names reflect the change in name of the underlying Portfolios of Pacific Select Fund. Throughout the Prospectus or supplement thereof, any reference to the Growth or International Portfolio, Subaccount or Variable Investment Option is changed to refer to the Small-Cap Equity or International Value Portfolio, Subaccount or Variable Investment Option, respectively. --------------------------------------------------------------------------------- An Overview of Pacific Portfolios Is The following is added to the chart under Fees and Expenses Paid by the Amended Pacific Select Fund: --------------------------------------------------------------------------------- Portfolio Advisory Fee Other Expenses Total Expenses+ --------------------------------------------------------------------------------- Diversified Research* 0.90% 0.05% 0.95% International Large-Cap* 1.05% 0.15% 1.20% Small-Cap Equity 0.65% 0.05% 0.70% * Expenses are estimated. There were no actual advisory fees or other expenses for these Portfolios in 1998 because the Portfolios started on January 3, 2000. See page 7 of the Prospectus for information about expense caps through December 31, 2000 for these Portfolios. + Effective January 1, 2000, the Fund will implement 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. The expenses for Equity Index in the chart under Fees and Expenses Paid by the Pacific Select Fund are replaced with the following: --------------------------------------------------------------------------------- Portfolio Advisory Fee Other Expenses Total Expenses+ --------------------------------------------------------------------------------- Equity Index 0.25% 0.05% 0.30% 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 Contract Value starts at $45,000 . the Investment Options have an annual return of 5% . the Annual Fee is deducted even when the Contract Value goes over $50,000 and a waiver would normally apply. without EGMDBR and GIA Rider reflects the expenses you would pay if you did not buy the optional Enhanced Guaranteed Minimum Death Benefit Rider ("EGMDBR") and the Guaranteed Income Advantage ("GIA") Rider. with EGMDBR reflects the expenses you would pay if you bought the optional Enhanced Guaranteed Minimum Death Benefit Rider, but not the GIA Rider. These expenses depend on the age of the youngest Annuitant on the Contract Date. with GIA Rider reflects the expenses you would pay if you bought the optional Guaranteed Income Advantage Rider, but not the Enhanced Guaranteed Minimum Death Benefit Rider. with EGMDBR and GIA Rider reflects the expenses you would pay if you bought the optional Enhanced Guaranteed Minimum Death Benefit Rider and the Guaranteed Income Advantage Rider. These examples do not show past or future expenses. Your actual expenses in any year may be more or less than those shown here. ------------------------------------------------------------------------------ Expenses if you did not annuitize or Expenses if you Expenses if you surrender, but left annuitized surrendered the money in your your Contract ($) 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 ------------------------------------------------------------------------------ Diversified Research without EGMDBR and GIA Rider 88 76 130 276 88 130 157 276 25 76 130 276 with EGMDBR: age 0-65 89 79 135 286 89 133 162 286 26 79 135 286 with EGMDBR: age 66-75 91 85 145 306 91 139 172 306 28 85 145 306 with GIA Rider 91 85 145 306 91 139 172 306 28 85 145 306 with EGMDBR and GIA Rider: age 60-65 92 88 150 316 92 142 177 316 29 88 150 316 with EGMDBR and GIA Rider: age 66-75 94 94 160 335 94 148 187 335 31 94 160 335 ------------------------------------------------------------------------------ Small-Cap Equity without EGMDBR and GIA Rider 85 68 117 251 85 122 144 251 22 68 117 251 with EGMDBR: age 0-65 86 71 122 261 86 125 149 261 23 71 122 261 with EGMDBR: age 66-75 88 77 132 281 88 131 159 281 25 77 132 281 with GIA Rider 88 77 132 281 88 131 159 281 25 77 132 281 with EGMDBR and GIA Rider: age 60-65 89 81 137 291 89 135 164 291 26 81 137 291 with EGMDBR and GIA Rider: age 66-75 91 87 147 311 91 141 174 311 28 87 147 311 ------------------------------------------------------------------------------
2 ------------------------------------------------------------------------------ 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 ------------------------------------------------------------------------------ International Large-Cap without EGMDBR and GIA Rider 90 83 142 301 90 137 169 301 27 83 142 301 with EGMDBR: age 0-65 91 86 147 310 91 140 174 310 28 86 147 310 with EGMDBR: age 66-75 93 92 157 330 93 146 184 330 30 92 157 330 with GIA Rider 93 92 157 330 93 146 184 330 30 92 157 330 with EGMDBR and GIA Rider: age 60-65 94 95 162 339 94 149 189 339 31 95 162 339 with EGMDBR and GIA Rider: age 66-75 96 101 172 358 96 155 199 358 33 101 172 358 ------------------------------------------------------------------------------ Equity Index without EGMDBR and GIA Rider 81 56 96 209 81 110 123 209 18 56 96 209 with EGMDBR: age 0-65 82 59 102 219 82 113 129 219 19 59 102 219 with EGMDBR: age 66-75 84 65 112 241 84 119 139 241 21 65 112 241 with GIA Rider 84 65 112 241 84 119 139 241 21 65 112 241 with EGMDBR and GIA Rider: age 60-65 85 68 117 251 85 122 144 251 22 68 117 251 with EGMDBR and GIA Rider: age 66-75 87 75 127 272 87 129 154 272 24 75 127 272 ------------------------------------------------------------------------------ -------------------------------------------------------------------------------- The Following Portfolios Have New Alliance Capital Management L.P. is the Portfolio Manager of the Emerging Portfolio Managers Markets Portfolio. Mercury Asset Management US is the Portfolio Manager of the Equity Index and Small-Cap Index Portfolios. -------------------------------------------------------------------------------- Your Investment Options Is Amended The chart on page 10 of the Prospectus is replaced with the chart on page 4 of this supplement. The second sentence under The Investment Adviser is replaced with the following: We and the Fund have retained other portfolio managers, supervised by us, for eighteen of the Portfolios. -------------------------------------------------------------------------------- Charges, Fees and Deductions: The third sentence of How the Charge is Determined is replaced with: Withdrawal Charge Is Amended A Purchase Payment is "age one" from the day it is effective until the beginning of the day preceding your next Contract Anniversary; beginning on the day preceding that Contract Anniversary, your Payment will have an "age of two", and increases in age on the day preceding each Contract Anniversary. -------------------------------------------------------------------------------- Transfers: DCA Plus Is Amended The first sentence of the third paragraph is replaced with: Guaranteed Term and monthly transfer period for DCA Plus Fixed Option is currently 6 months. 3
THE FUND'S PROSPECTUS ACCOMPANIES THIS PROSPECTUS AND SHOULD BE READ CAREFULLY BEFORE INVESTING.
Primary Investments Portfolio Objective (under normal circumstances) Portfolio Manager - --------------------------------------------------------------------------------------------------- Aggressive Equity Capital appreciation. Equity securities of small Alliance Capital emerging-growth companies Management L.P. and medium-sized companies. - --------------------------------------------------------------------------------------------------- Emerging Markets Long-term growth of capital. Equity securities of Alliance Capital companies that are located Management L.P. in countries generally regarded as "emerging market" countries. - --------------------------------------------------------------------------------------------------- Diversified Re- Long-term growth of capital. Equity securities of U.S. Capital Guardian search companies and securities Trust Company whose principal markets are in the U.S. - --------------------------------------------------------------------------------------------------- Small-Cap Equity Growth of capital. Equity securities of Capital Guardian (formerly called smaller and medium-sized Trust Company Growth) companies. - --------------------------------------------------------------------------------------------------- International Long-term growth of capital. Equity securities of non- Capital Guardian Large-Cap U.S. companies and Trust Company securities whose principal markets are outside of the U.S. - --------------------------------------------------------------------------------------------------- Bond and Income Total return and income A wide range of fixed Goldman Sachs consistent with prudent income securities with Asset Management investment management. varying terms to maturity, with an emphasis on long- term bonds. - --------------------------------------------------------------------------------------------------- Equity Capital appreciation. Equity securities of large Goldman Sachs Current income is of U.S. growth-oriented Asset Management secondary importance. companies. - --------------------------------------------------------------------------------------------------- Multi-Strategy High total return. A mix of equity and fixed J.P. Morgan income securities. Investment Management Inc. - --------------------------------------------------------------------------------------------------- Equity Income Long-term growth of capital Equity securities of large J.P. Morgan and income. and medium-sized dividend- Investment Management paying U.S. companies. Inc. - --------------------------------------------------------------------------------------------------- Growth LT Long-term growth of capital Equity securities of a Janus Capital consistent with the large number of companies Corporation preservation of capital. of any size. - --------------------------------------------------------------------------------------------------- Mid-Cap Value Capital appreciation. Equity securities of Lazard Asset medium-sized U.S. Management companies believed to be undervalued. - --------------------------------------------------------------------------------------------------- Equity Index Investment results that Equity securities of Mercury Asset correspond to the total companies that are Management US return of common stocks included in the Standard & publicly traded in the U.S. Poor's 500 Composite Stock Price Index. - --------------------------------------------------------------------------------------------------- Small-Cap Index Investment results that Equity securities of Mercury Asset correspond to the total companies that are Management US return of an index of small included in the Russell capitalization companies. 2000 Small Stock Index. - --------------------------------------------------------------------------------------------------- REIT Current income and long-term Equity securities of real Morgan Stanley Asset capital appreciation. estate investment trusts. Management - --------------------------------------------------------------------------------------------------- International Long-term capital Equity securities of Morgan Stanley Asset Value appreciation primarily companies of any size Management (formerly called through investment in equity located in developed International) securities of corporations countries outside of the domiciled in countries other U.S. than the United States. - --------------------------------------------------------------------------------------------------- Government Maximize total return Fixed income securities Pacific Investment Securities consistent with prudent that are issued or Management Company investment management. guaranteed by the U.S. government, its agencies or government-sponsored enterprises. - --------------------------------------------------------------------------------------------------- Managed Bond Maximize total return Medium and high-quality Pacific Investment consistent with prudent fixed income securities Management Company investment management. with varying terms to maturity. - --------------------------------------------------------------------------------------------------- Money Market Current income consistent Highest quality money Pacific Life with preservation of market instruments capital. believed to have limited credit risk. - --------------------------------------------------------------------------------------------------- High Yield Bond High level of current Fixed income securities Pacific Life income. with lower and medium- quality credit ratings and intermediate to long terms to maturity. - --------------------------------------------------------------------------------------------------- Large-Cap Value Long-term growth of capital. Equity securities of large Salomon Brothers Current income is of U.S. companies. Asset Management Inc secondary importance. - ---------------------------------------------------------------------------------------------------
4 Form No. PP121799 -----END PRIVACY-ENHANCED MESSAGE-----