Supplement dated May 21, 2025, to the Initial Summary Prospectus, Updating Summary Prospectus and
Statutory Prospectus dated May 1, 2025, for the following variable annuity contracts issued by:
Pacific Life Insurance Company
Pacific Choice Pacific Choice 2 Pacific Choice Income Pacific Destinations Pacific Destinations B Pacific Innovations Pacific Innovations Select Pacific Journey Pacific Journey Select Pacific Journey Select (2013) Pacific Navigator Pacific Odyssey Pacific Odyssey (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 Select Pacific Value Select (2013) Pacific Voyages |
Pacific Life & Annuity Company
Pacific Choice Variable Annuity Pacific Choice 2 Pacific Destinations Pacific Destinations B Pacific Innovations Select Pacific Journey Select Pacific Journey Select (2013) Pacific Navigator Pacific Odyssey Pacific Odyssey (2013) Pacific One Select Pacific Portfolios Pacific Portfolios for Chase Pacific Quest Pacific Value Pacific Value Edge Pacific Value Select Pacific Value Select (2013) Pacific Voyages
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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 "Prospectuses") 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 PacificLife.com/Prospectuses. Please retain this supplement for future reference.
As of May 1, 2025, the underlying fund information related to the Current Expenses in the APPENDIX: INVESTMENT OPTIONS AVAILABLE UNDER THE CONTRACT section have been deleted and replaced with the following:
Fund; Advisor (Subadvisor) | Current Expenses |
Average Annual Total Returns (as of 12/31/2024) | ||
1 yr | 5 yr | 10 yr | ||
BlackRock Global Allocation V.I. Fund Class III; BlackRock Advisors, LLC | 1.02%1 | 8.93% | 5.72% | 5.32% |
Invesco V.I. Balanced-Risk Allocation Fund Series II; Invesco Advisers, Inc. | 1.13%1 | 3.56% | 2.51% | 3.57% |
Lord Abbett Bond Debenture Portfolio Class VC; Lord Abbett & Co. LLC | 0.99% | 6.72% | 1.90% | 3.73% |
1 To 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.
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