Supplement dated
and Initial Summary Prospectus dated May 1, 2023 for the following
variable annuity contracts:
Issued by Pacific Life Insurance Company |
Issued by Pacific Life & Annuity Company |
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Pacific Choice Variable Annuity Pacific Choice 2 Pacific Innovations Pacific Innovations Select Pacific Journey Pacific Journey Select (Offered before October 1, 2013) Pacific Journey Select (Offered on and after October 1, 2013) Pacific Navigator Pacific Odyssey (Offered before October 1, 2013) Pacific Odyssey (Offered on and after October 1, 2013) Pacific One Pacific One Select Pacific Portfolios Pacific Portfolios for Chase Pacific Quest Pacific Select Variable Annuity Pacific Value Pacific Value Edge Pacific Value for Prudential Pacific Value Select (Offered before October 1, 2013) Pacific Value Select (Offered on and after October 1, 2013) Pacific Select Variable Annuity Pacific Voyages |
Pacific Choice Variable Annuity Pacific Choice 2 Pacific Innovations Select Pacific Journey Select (Offered before October 1, 2013) Pacific Journey Select (Offered on and after October 1, 2013) Pacific Odyssey (Offered before October 1, 2013) Pacific Odyssey (Offered on and after October 1, 2013) Pacific One Select Pacific Navigator Pacific Portfolios Pacific Portfolios for Chase Pacific Quest Pacific Value Pacific Value Select (Offered before October 1, 2013) Pacific Value Select (Offered on and after October 1, 2013) Pacific Voyages Pacific Value Edge |
The purpose of this supplement is to announce various underlying fund changes. This supplement must be preceded or accompanied by the Initial Summary Prospectus, Updating Summary Prospectus, or Statutory Prospectus, as applicable, (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 (800) 722-4448 or (800) 748-6907 for New York contracts, or online at http://www.PacificLife.com/Prospectuses. Please retain this supplement for future reference.
Pacific Select Fund Portfolio Investment Advisor (Subadvisor)
Effective November 1, 2023, the APPENDIX: FUNDS AVAILABLE UNDER THE CONTRACT is amended to reflect that the Investment Advisor (Subadvisor) for the Diversified Bond Portfolio will change from Western Asset Management Company, LLC to Loomis Sayles & Company, L.P. The Investment Advisor (Subadvisor) for the Mid-Cap Equity Portfolio will change from Scout Investments to Blackrock Investment Management, LLC.
Effective November 1, 2023, the underlying fund information related to the Current Expenses in the APPENDIX: FUNDS AVAILABLE UNDER THE CONTRACT section will be deleted and replaced with the following:
Fund; Advisor (Subadvisor) |
Current Expenses |
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Advisors LLC |
|
%1 |
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Advisors LLC |
|
%1 |
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Life Fund Advisors LLC |
|
%1 |
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(formerly called PSF DFA Balanced Allocation Class D); Advisors LLC |
|
%1 |
1
Form No. VASUP1023
NYSUP1023