Supplement dated May 8, 2024, to the Initial Summary Prospectus, Updating Summary
Prospectus, and Statutory Prospectus dated May 1, 2024, for the Pacific Advisory Variable
Annuity contracts issued by Pacific Life & Annuity Company

 

The purpose of this supplement is to update certain underlying fund information. 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 & Annuity Company, "you" or "your" refer to the Contract Owner. You can obtain a copy of the current Prospectus by contacting us at (800) 748-6907 or online at http://www.PacificLife.com/Prospectuses. Please retain this supplement for future reference.

 

 

 

Effective May 1, 2024, 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
BlackRock High Yield V.I. Fund Class I; BlackRock Advisors, LLC 0.57%1
BlackRock Total Return V.I. Fund Class I; BlackRock Advisors, LLC 0.48%1

 

 

1To help limit Fund expenses, Fund advisers have contractually agreed to reduce investment advisory fees or otherwise reimburse certain of their Funds which reflect temporary fee reductions. There can be no assurance that Fund expense waivers or reimbursements will be extended beyond their current terms as outlined in each Fund prospectus, and they may not cover certain expenses such as extraordinary expenses. See each Fund prospectus for complete information regarding these arrangements.

  

 

Form No. NYPAVASUP0524

  

 

 

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