497 1 a23-16388_2497.htm 497

Supplement dated May 22, 2023 to the Updating Summary Prospectus and Statutory Prospectus dated May 1, 2023 for the Destinations and Destinations B variable annuity contracts issued by Pacific Life Insurance Company and Pacific Life & Annuity Company, respectively

The purpose of this supplement is to update certain underlying fund information. This supplement must be preceded or accompanied by the Updating Summary Prospectus, or Statutory Prospectus (collectively, the "Prospectus") for your Contract, as supplemented. Capitalized terms used in this supplement are defined in your Prospectus unless otherwise defined herein. "We'', "us'', or "our" refer to Pacific Life Insurance Company or Pacific Life & Annuity Company, as applicable; "you" or "your" refer to the Contract Owner. You can obtain a copy of the current Prospectus by contacting us at (877) 441-2357 or online at PacificLife.com/Prospectuses. Please retain this supplement for future reference.

In the Statutory Prospectus and Updating Summary Prospectus:

Item 2 in the table that reflects the minimum and maximum Investment Options (Fund fees and expenses) in the IMPORTANT INFORMATION YOU SHOULD CONSIDER ABOUT THE CONTRACT (Ongoing Fees and Expenses (annual charges)) section is deleted and replaced with the following:

ANNUAL FEES

 

MINIMUM

 

MAXIMUM

 

2. Investment Options (Fund fees and expenses)

   

0.28

%2

   

1.48

%2

 

In the Statutory Prospectus:

The table showing the minimum and maximum total annual operating expenses in the Annual Fund Operating Expenses section is deleted and replaced with the following:

   

Minimum

 

Maximum

 
Expenses that are deducted from fund assets, including management
fees, distribution and/or service (12b-1) fees, and other expenses.
  0.28

%

  1.48

%

 

Form No. DEST0523

                DESTNY0523