Supplement dated September 16, 2021 to the Prospectus dated May 1, 2021 for the
Pacific Advisory Variable Annuity (an individual flexible premium deferred variable annuity) contracts
issued by Pacific Life Insurance Company
The purpose of this supplement is to add additional Investment Options. This supplement must be preceded or accompanied by the Prospectus, as supplemented (the “Prospectus”). All information in the Prospectus dated May 1, 2021, remains in effect unless otherwise supplemented. Capitalized terms used in this supplement are defined in the Prospectus unless otherwise defined herein. ‘‘We,’’ ‘‘us,’’ or ‘‘our’’ refer to Pacific Life Insurance Company; ‘‘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 online at www.PacificLife.com. Please retain it for future reference.
The Variable Investment Options table in the YOUR INVESTMENT OPTIONS section is amended to include the following:
|
AIM VARIABLE INSURANCE |
INVESTMENT GOAL |
MANAGER/INVESTMENT |
|
Effective on or about October 1, 2021, the following Investment Options will be available for investment: | ||
|
Invesco® V.I. Nasdaq 100 Buffer Fund - September Series I |
Seeks, over a specified annual outcome period, to provide investors with returns that match those of the Nasdaq 100 Index (the “Underlying Index”) up to an upside cap, while providing a buffer against the first 10% (prior to taking into account any fees and expenses of the fund) of Underlying Index losses. |
Invesco Advisers, Inc. |
|
Invesco® V.I. S&P 500 Buffer |
Seeks, over a specified annual outcome period, to provide investors with returns that match those of the S&P 500 Index (the “Underlying Index”) up to an upside cap, while providing a buffer against the first 10% (prior to taking into account any fees and expenses of the fund) of Underlying Index losses. |
Invesco Advisers, Inc. |
|
Effective on or about January 1, 2022, the following Investment Options will be available for investment: | ||
|
Invesco® V.I. Nasdaq 100 Buffer Fund - December Series I |
Seeks, over a specified annual outcome period, to provide investors with returns that match those of the Nasdaq 100 Index (the “Underlying Index”) up to an upside cap, while providing a buffer against the first 10% (prior to taking into account any fees and expenses of the fund) of Underlying Index losses. |
Invesco Advisers, Inc. |
|
Invesco® V.I. S&P 500 Buffer |
Seeks, over a specified annual outcome period, to provide investors with returns that match those of the S&P 500 Index (the “Underlying Index”) up to an upside cap, while providing a buffer against the first 10% (prior to taking into account any fees and expenses of the fund) of Underlying Index losses. |
Invesco Advisers, Inc. |
|
Effective on or about April 1, 2022, the following Investment Options will be available for investment: | ||
|
Invesco® V.I. Nasdaq 100 Buffer Fund - March Series I |
Seeks, over a specified annual outcome period, to provide investors with returns that match those of the Nasdaq 100 Index (the “Underlying Index”) up to an upside cap, while providing a buffer against the first 10% (prior to taking into account any fees and expenses of the fund) of Underlying Index losses. |
Invesco Advisers, Inc. |
|
AIM VARIABLE INSURANCE |
INVESTMENT GOAL |
MANAGER/INVESTMENT |
|
Invesco® V.I. S&P 500 Buffer |
Seeks, over a specified annual outcome period, to provide investors with returns that match those of the S&P 500 Index (the “Underlying Index”) up to an upside cap, while providing a buffer against the first 10% (prior to taking into account any fees and expenses of the fund) of Underlying Index losses. |
Invesco Advisers, Inc. |
|
Effective on or about July 1, 2022, the following Investment Options will be available for investment: | ||
|
Invesco® V.I. Nasdaq 100 Buffer Fund - June Series I |
Seeks, over a specified annual outcome period, to provide investors with returns that match those of the Nasdaq 100 Index (the “Underlying Index”) up to an upside cap, while providing a buffer against the first 10% (prior to taking into account any fees and expenses of the fund) of Underlying Index losses. |
Invesco Advisers, Inc. |
|
Invesco® V.I. S&P 500 Buffer |
Seeks, over a specified annual outcome period, to provide investors with returns that match those of the S&P 500 Index (the “Underlying Index”) up to an upside cap, while providing a buffer against the first 10% (prior to taking into account any fees and expenses of the fund) of Underlying Index losses. |
Invesco Advisers, Inc. |
For more information, including a discussion of the investment techniques, charges and expenses, and risks associated with each fund’s investments, see the applicable fund prospectus. You can obtain a prospectus by contacting your financial professional or online at www.PacificLife.com.
Form No. PAVASUP0921