Asfiled with the Securities and Exchange Commission on April 24, 2026.

Registration Nos. 333-282283
 

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM N-4

PACIFIC LIFE INSURANCE COMPANY
(Name of Insurance Company)

700 Newport Center Drive
Newport Beach, California 92660
(Address of Insurance Company’s Principal Executive Offices) (Zip Code)

(949) 219-3011
(Insurance Company’s Telephone Number, including Area Code)

Alison Ryan

Assistant Vice President and Managing Assistant General Counsel II
Pacific Life Insurance Company
700 Newport Center Drive
Newport Beach, California 92660
(Name and Address of Agent for Service)

Approximate Date of Proposed Public Offering:

It is proposed that this filing will become effective (check appropriate box)

O immediately upon filing pursuant to paragraph (b) of Rule 485
X on May 1, 2026, pursuant to paragraph (b) of Rule 485
O 60 days after filing pursuant to paragraph (a)(1) of Rule 485
O on ________ pursuant to paragraph (a)(1) of Rule 485

If appropriate, check the following box:

X This post-effective amendment designates a new effective date for a previously filed post-effective amendment.

Check each box that appropriately characterizes the Registrant:

☐ New Registrant (as applicable, a Registered Separate Account or Insurance Company that has not filed a Securities Act registration statement or amendment thereto within 3 years preceding this filing)

☐  Emerging Growth Company (as defined by Rule 12b-2 under the Securities Exchange Act of 1934 (“Exchange Act”))

☐  If an Emerging Growth Company, indicate by check mark if the Registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of Securities Act

☒  Insurance Company relying on Rule 12h-7 under the Exchange Act

☐  Smaller reporting company (as defined by Rule 12b-2 under the Exchange Act)

Title of Securities Being Registered: Pacific Protective Growth Limited Premium Registered Index-Linked Deferred Annuity

Supplement May 1, 2026 to the Statutory Prospectus and Initial Summary Prospectus dated May 1, 2026 for the Pacific Protective Growth limited premium registered index-linked deferred annuity contracts 
issued by Pacific Life Insurance Company

Capitalized terms used in this supplement are defined in the  Pacific Protective Growth contract statutory prospectus (“Prospectus”) unless otherwise defined herein. ‘‘We,’’ ‘‘us,’’ or ‘‘our’’ refer to Pacific Life Insurance Company; ‘‘you’’ or ‘‘your’’ refer to the Contract Owner. 

This Rate Sheet Prospectus Supplement (“Supplement”) should be read, retained, and used in conjunction with the effective Prospectus and replaces and supersedes any previously issued Rate Sheet Prospectus Supplement. If you would like another copy of a current prospectus, you may obtain one by visiting PacificLife.com/Prospectuses or by calling us at (800) 722-4448 to request a free copy. All Rate Sheet Prospectus Supplements are also available on the EDGAR system at www.sec.gov by typing the product name “Pacific Protective Growth,” or by searching the Contract file number “333-282283”- under SEARCH FILINGS - more search options.

We are issuing this Supplement to update the Ongoing Fees and Expenses (annual charges) for the Contract provided in the “KEY INFORMATION” section of the Initial Summary Prospectus, taking into account the current fees for the optional benefits disclosed in this Rate Sheet Prospectus Supplement.

This Rate Sheet Supplement also provides current rate information for the Annual Rider Charge, Deferral Credit, and Withdrawal Percentages for the Income Guard rider in effect on or after the date below. For complete information about the Income Guard rider, see the Prospectus.

The percentages below apply to applications signed on or after May 1, 2026.   

This Supplement has no specified end date and can be superseded at any time subject to certain notice requirements. The rate information in this Supplement may not be superseded or changed until a new Supplement is filed at least 10 business days before the effective date of the new Supplement. Please work with your financial professional, visit www.PacificLife.com/prospectuses or call us at (800) 722-4448 to confirm the most current percentages.  

KEY INFORMATION

The current Deferral Credit percentages are the following: 

*The age range that applies is based on the age of the Designated Life (single option) or the youngest Designated Life (joint option) on the Rider Effective Date, which will be the Contract Issue Date.

Once the Rider is issued, the Deferral Credit percentage will not change, unless the Single/Joint Life Option or the Designated Lives change. Upon a change to the Single/Joint Life Option or Designated Lives, the Deferral Credit will be redetermined based on the attained age of the new Designated Life (youngest Designated Life for Joint Life) on the Rider Effective Date. Upon a re-determination of the initial Withdrawal Percentage and Deferral Credit due to a change to the Single/Joint Life Option or Designated Lives, the Deferral Credit period will not be re-started. See the Deferral Credit subsection under INCOME GUARD — HOW THE RIDER WORKS in the Prospectus.

The current initial Withdrawal Percentages are the following: 

*The age range that applies is based on the age of the Designated Life (single option) or the youngest Designated Life (joint option) on the Rider Effective  Date, which will be the Contract Issue Date. 

Once the Rider is issued, the Withdrawal Percentage will not change for as long as you own the Rider (other than due to Deferral Credits), even if Reset occurs as described in the Reset of Protected Payment Base subsection within the Rider, unless the Single/Joint Life Option or the Designated Lives change. Upon a change to the Single/Joint Life Option or Designated Lives, the initial Withdrawal Percentage will be re-determined based on the attained age of the new Designated Life (youngest Designated Life for Joint Life) on the Rider Effective Date, as described under the INCOME GUARD — WITHDRAWAL PERCENTAGE subsection in the Prospectus. 

In order for you to receive the percentages reflected above, your application must be signed on or after the date referenced above, and we must receive your application with cash or transfer/exchange request, In Proper Form, within 14 calendar days after the application-signed date. For transfer/exchange requests, we must receive, In Proper Form, the initial Purchase Payment within 60 calendar days after the application-signed date. See BUYING THE CONTRACT — RATE LOCK in the Prospectus. 

Subject to meeting the timelines referenced above, on the issue date, if during the 60 calendar day period current percentage rates have changed since the date you signed your application, the following will apply: 

● If the Deferral Credit percentage increased, you will receive the higher percentage in effect on the Contract Issue Date. 

● If the Withdrawal Percentage increased, you will receive the higher percentages in effect on the Contract Issue Date. 

● If the annual Rider charge percentage decreased, you will receive the lower percentage in effect on your Contract Issue Date. 

However, if the Deferral Credit and/or any Withdrawal Percentage decreased, or the annual Rider charge percentage increased, you will receive the Deferral Credit, Withdrawal Percentage, and annual Rider charge percentages in effect on the date you signed your application. The comparison is only made to the applicable Withdrawal Percentage and Deferral Credit percentage based on the Designated Life’s age (youngest Designated Life for Joint Life) on the Rider Effective Date. 

If the necessary paperwork and initial Purchase Payment are not received within the timeframes stated above, you will receive the applicable percentages in effect as of the Contract issue date. 

If you purchased a Rider, review the Rate Sheet Prospectus Supplement provided to you at Contract issue, review the Rider specifications page you receive for your Contract, speak with your financial professional, or call us to confirm the percentages applicable to you. 

Please work with your financial professional or call us at (800) 722-4448 prior to submitting your paperwork if you have any questions. 

RSS-29500-26A

PACIFIC PROTECTIVE GROWTH^®    STATUTORY PROSPECTUS MAY 1, 2026

This prospectus describes the Pacific Protective Growth contract (the “Contract”), a limited premium registered index-linked deferred annuity contract issued by Pacific Life Insurance Company (“Pacific Life”). We do not allow additional Purchase Payments under the Contract after the initial Purchase Payment, except for transfers from other financial products requested at the time your Contract application is submitted and transferred within 60 days after the Contract Issue Date. This means that the investor would no longer be able to increase his or her Contract Value, death benefit or any living benefits through premium payments. The Contract is available for use in connection with non-qualified contracts, individual retirement accounts (“IRAs”), Roth IRAs, SEP IRAs, Inherited IRAs and Roth IRAs, and Post-Death Non-Qualified plans. If the Contract is purchased through a tax-qualified IRA or plan, it provides no additional tax benefit to the investor beyond that already provided under the Internal Revenue Code. The Contract may be offered for use in connection with other types of qualified plans in the future. This prospectus (“Prospectus”) describes all material terms of the Contract, including material state variations. Please read it carefully before investing and keep it for future reference. This Prospectus is not an offer in any state or jurisdiction in which the Contract may not lawfully be sold. The Contract is not available in New York. The Contract is an insurance contract designed to help you accumulate funds for retirement or other long-term financial planning purposes on a tax-deferred basis. Under the Contract, you may invest your money in the various investment options (“Interest Crediting Options”) available under the Contract, which include the fixed interest rate option (the “Fixed Account Option” or “Fixed Account”), which credits a fixed rate of interest guaranteed for 1-year periods, and the Index-Linked Options (“ILOs”) which credit returns based on the performance of a specific market Index(es) during a defined period of time (a “Term”). See APPENDIX A: INTEREST CREDITING OPTIONS AVAILABLE UNDER THE CONTRACT at the end of this Prospectus for additional information about the Interest Crediting Options currently available under the Contract.

The Contract is a complex investment and involves risks, including potential loss of principal and previously-credited earnings in the Contract. Negative Index returns may be limited by the applicable Protection Level for each ILO, which provides limited protection from negative Index performance at the end of each Term (or each Annual Lock Period for the Annual Lock ILOs). Positive Index returns may be limited based on the applicable interest crediting method (“Crediting Strategy” or “strategy”). The ILOs available under your Contract vary depending on the date your Contract was issued.

Currently, each ILO provides a Protection Level in the form of a Floor, Buffer Rate, or Dual Direction Buffer Rate.

For Contracts issued prior to June 1, 2026, if you invest in an ILO with a Buffer (including the Dual Direction Buffer), depending on the Buffer or Dual Direction Buffer rate of the ILO(s) in which you invest, your potential losses at the end of a Term due to negative Index performance are currently limited to a maximum of 80 to 90% of your investment in the ILO for that Term.

For Contracts issued on or after June 1, 2026, if you invest in an ILO with a Buffer (including the Dual Direction Buffer), depending on the Buffer or Dual Direction Buffer rate of the ILO(s) in which you invest, your potential losses at the end of a Term due to negative Index performance are currently limited to a maximum of 0% to almost 100% of your investment in the ILO for that Term.

If you invest in an ILO with a Floor, your potential losses at the end of a Term due to negative Index performance are limited to a maximum of 10% of your investment in the ILO for that Term. Effective June 1, 2026, ILOs with a Floor Protection Level will no longer be available for Purchase Payments and future renewal allocations by new Contract Owners or allocations for renewal Terms by existing Contract Owners.

Cumulative loss over the life of the Contract could be much greater than the guaranteed maximum loss for any ILO’s single Term.

We reserve the right to stop offering all but one ILO. The 1-year S&P 500^® with Cap and 10% Buffer ILO, in addition to the Fixed Account Option, will always be available under your Contract. In the future, this means that we may not offer ILOs with any other Protection Level other than a 10% Buffer and any other Crediting Strategy other than a Cap Rate. We do not guarantee a minimum Dual Direction Buffer Rate, and we do not guarantee that we will always offer ILOs with Dual Direction Buffer. If we stop offering all but one ILO (the 1-year S&P 500^® with Cap and 10% Buffer ILO), you will be limited to investing in only one ILO and the Fixed Account Option. The terms and features of that ILO may not meet your investment objectives or be suitable for your financial goals, and this Contract may not be appropriate for you if you intend to invest solely in ILOs with a Dual Direction Buffer. In the future, any ILOs we offer (in addition to the 1-year S&P 500^® with Cap and 10% Buffer ILO) will always have some level of downside protection but we do not guarantee a minimum level. If you are not satisfied with the available ILOs, you may choose to surrender your Contract, but you may be subject to surrender charges, an MVA, taxes, and tax penalties, and a negative Adjustment.

Currently, each ILO type, as available under your Contract, calculates positive interest based on one of the Crediting Strategies listed below.

Effective June 1, 2026, ILOs with a Performance Triggered Rate strategy will no longer be available for Purchase Payments and future renewal allocations by new Contract Owners or allocations for renewal Terms by existing Contract Owners.

For any Cap Rate strategy ILO, the guaranteed minimum Cap Rate for the life of this Contract is 2% for a 1-year ILO, 4% for a 2-year ILO, 6% for a 3-year ILO, and 12% for a 6-year ILO. Two- and three-year ILOs are available beginning on June 1, 2026 for Purchase Payment allocations by new Contract Owners and renewal allocations by existing Contract Owners.

For any Annual Lock Cap Rate strategy ILO, the guaranteed minimum Annual Lock Cap Rate for the life of this Contract is 2%.

For any Performance Mix strategy ILOs, the Minimum Limits on Index Gain for the life of this Contract are 50% for the Index with the highest return, 30% for the Index with the next best return, and 20% for the Index with the lowest return. For any Performance Mix with Participation Rate strategy ILO, the guaranteed minimum Participation Rate for the life of this Contract is 60%. For any Performance Mix with Participation Rate and Cap Rate strategy ILO, the guaranteed minimum Participation Rate for the life of this Contract is 100% and the guaranteed minimum Cap Rate for the life of this Contract is 12%.

For any Tiered Participation Rate strategy ILO, the guaranteed minimum Participation Rate for the life of this Contract is 60% for Tier One and Tier Two. For any Tiered Participation Rate with Cap Rate strategy ILO, the guaranteed minimum Participation Rate for the life of this Contract is 100% and the guaranteed minimum Cap Rate for the life of this Contract is 12%.

For any Performance Triggered Rate strategy ILO, the guaranteed minimum Performance Trigger Rate for the life of this Contract is 2%.

The Contract is not a short-term investment and is not appropriate for investors who need ready access to cash. Withdrawals, including ongoing withdrawals and distributions, or surrenders could result in the imposition of surrender charges or a negative market value adjustment, application of an Interim Value Calculation and negative Adjustment, and possible negative tax consequences, including federal income tax on the taxable portion and a tax penalty of 10% if you have not reached age 591∕2. Withdrawals and surrenders from the ILOs during a Term will reduce your ILO Investment Base, Annual Lock Value (if applicable) and death benefit, and the reductions may be greater than the amount withdrawn. Any such reduction in your Investment Base will reduce the value of any positive gain credited to your ILO Value at the end of the Term.  

The Interim Value is the amount in the ILO(s) that is available for surrenders (including Free Look surrenders), withdrawals (including Required Minimum Distributions (“RMDs”), free withdrawal amounts, pre-authorized withdrawals, rider charges, and guaranteed withdrawal amounts under the GLWB Rider), death benefit payments, and annuitization that occur between the beginning of the Term (the “Term Start Date”) and the end of the Term (the “Term End Date”). We calculate the Interim Value of your investment in each ILO at the end of each Business Day between the Term Start Date and the Term End Date. The Interim Value may be less than your investment in the ILO, even if the Index is performing positively, and may be less than the amount you would receive had you held the investment until the end of the Term. A market value adjustment or Interim Value Calculation and Adjustment could result in the loss of your principal investment and previously credited Contract earnings, and in extreme circumstances, such losses could be as high as 100% of your ILO value. See FEES, CHARGES,

AND ADJUSTMENTS for more information.

The Contract includes a “Performance Lock” feature for all ILOs to lock-in the Interim Value of an ILO before the end of a Term. If you exercise the Performance Lock feature, the value of your investment in an ILO will be credited with a fixed rate of interest until the next Contract Anniversary. You should fully understand the operation and risks of the Performance Lock before choosing to exercise this feature. See PRINCIPAL RISKS OF INVESTING IN THE CONTRACT and PERFORMANCE LOCK in this Prospectus for more information.

For an additional charge, the Contract also provides an optional guaranteed lifetime withdrawal benefit rider (the “GLWB Rider” or the “Rider”), known as the Income Guard rider, which may provide you with guaranteed income for life if certain conditions are met. You should discuss with your financial professional if purchasing the GLWB Rider is appropriate for you. See PRINCIPAL RISKS OF INVESTING IN THE CONTRACT; FEES, CHARGES, AND ADJUSTMENTS; and INCOME GUARD in this Prospectus for more information. When delivered in connection with the offer or sale of a new Contract, this Prospectus must be accompanied by the current Rate Sheet Prospectus Supplement, which specifies terms of the GLWB Rider applicable to new Contracts.

The Contract permits ongoing withdrawals and deductions from the ILOs prior to the Term End Date, such as guaranteed withdrawal amounts under the GLWB Rider, rider charges, systematic withdrawals, and/or required minimum distributions. These withdrawals and deductions may have an adverse effect on the values and benefits under your Contract. If you intend to make such ongoing withdrawals or elect such deductions, you should consult with a financial professional about whether this Contract is appropriate for you.

Certain ILOs, Contract features and benefits described in this Prospectus may vary or may not be available depending on the broker-dealer through which the Contract is sold. See APPENDIX F: FINANCIAL INTERMEDIARY VARIATIONS in this Prospectus for more information.

Investment in the Contract is subject to the risks related to Pacific Life. Any obligations under the Contract are subject to our claims-paying ability and financial strength.

If you are a new investor in the Contract, you may cancel your Contract within 10 days (30 calendar days if you are replacing another annuity contract or life insurance policy) of receiving it without paying fees or penalties, although we may apply an Interim Value Calculation to determine the amount you will receive upon cancellation. In some states, this cancellation period may be longer. Upon cancellation, you will generally receive a return of Purchase Payments minus any prior withdrawals, but in some states, you may receive the Interim Value of your Contract, plus any value in the Fixed Account Option. You should review this Prospectus and consult with your investment professional for additional information about the specific cancellation terms that apply.

Additional information about certain investment products, including index-linked annuity contracts, has been prepared by the Securities and Exchange Commission’s staff and is available at Investor.gov.

Neither the U.S. Securities and Exchange Commission (“SEC”) nor any state securities commission has approved or disapproved of these securities or determined if this Prospectus is accurate or complete. Any representation to the contrary is a criminal offense. The Contracts are not bank deposits, and are not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The Contracts are not obligations of or guaranteed by any banking or financial institution.

All obligations and guarantees under the Contract are subject to the creditworthiness and claims-paying ability of the Company.

Pacific Select Distributors, LLC is the principal underwriter of the Contracts. The offering of the Contracts is intended to be continuous.

TABLE OF CONTENTS

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Where To Go For More Information Back Cover

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SPECIAL TERMS

Some of the terms we’ve used in this Prospectus may be new to you. We have identified these terms and provided explanations of what they mean below. These terms are capitalized throughout the Prospectus except as otherwise noted.

Adjusted Index Return — The percentage rate at which we credit interest to the Index-Linked Option Value at the end of each Term or to the Annual Lock Value at the end of an Annual Lock Period. For Point to Point ILOs, the Adjusted Index Return is determined by comparing the Index Price on the Term Start Date to the Index Price on the Term End Date of a Term. For Annual Lock ILOs, the Adjusted Index Return is determined by comparing the Index Price at the start of an Annual Lock Period to the Index Price at the end of an Annual Lock Period, and applying any applicable adjustment for the Crediting Strategy or Protection Level. The Adjusted Index Return can be positive, negative, or equal to zero. The Adjusted Index Return is multiplied by the Investment Base to get the dollar amount of the Index-Linked Option Credit. For an Annual Lock Cap Rate ILOs, the Adjusted Index Return is multiplied by the current Annual Lock Value at the end of each Annual Lock Period to determine the dollar amount of the Annual Lock Credit. The application of a negative Adjusted Index Return will result in a reduction of the Investment Base or Annual Lock Value by the dollar amount of the Index-Linked Option Credit or Annual Lock Credit. The application of a positive Adjusted Index Return will result in an increase to the Investment Base or Annual Lock Value by the dollar amount of the Index-Linked Option Credit or Annual Lock Credit.

Annual Lock Cap Rate (“Annual Lock”) – A type of Crediting Strategy. The Annual Lock Cap Rate is the maximum amount of positive Index Return that can be credited to the Annual Lock Value at the end of each Annual Lock Period. The Annual Lock Cap Rate declared on a Term Start Date will remain unchanged for the entire Term and apply at the end of each Annual Lock Period during that Term. The Annual Lock Cap Rate limits the potential positive Annual Lock Credit that may be applied to the Annual Lock Value at the end of an Annual Lock Period. Any gains or losses reflected in your Annual Lock Value are not locked in or credited to your Investment Base until the Term End Date when the ILO Credit is applied to your Investment Base. In some cases, we may declare a Cap Rate for an ILO as "uncapped" in which case the amount of positive Index Return than can be credited to your Annual Lock Value at the end of an Annual Lock Period is equal to the Index Return. The Annual Lock Cap Rate Crediting Strategy is only available to Contracts issued on or after June 1, 2026.

Annual Lock Credit – The dollar-value added to or subtracted from the Annual Lock Value, as applicable, on the Contract Anniversary at the end of each 1-year Annual Lock Period. The Annual Lock Credit is determined by multiplying the Adjusted Index Return for the Annual Lock Period by the current Annual Lock Value. The Annual Lock Credit may be positive, negative, or equal to zero. Any gains or losses reflected in your Annual Lock Value due to Annual Lock Credits are not locked in or credited to your Investment Base until the Term End Date. The Annual Lock Cap Rate Crediting Strategy is only available to Contracts issued on or after June 1, 2026.

Annual Lock Period – A 1-year period from one Contract Anniversary to the next Contract Anniversary during a 6-year Annual Lock ILO Term. There are 6 Annual Lock Periods during a Term for an ILO that utilizes the Annual Lock Cap Rate Crediting Strategy. The Annual Lock Cap Rate Crediting Strategy is only available to Contracts issued on or after June 1, 2026.

Annual Lock Value – The value used to determine the ILO Credit at the end of an Annual Lock ILO Term. The Annual Lock Value at the start of the Term is the Investment Base. On the first Contract Anniversary following the start of the Term, the Annual Lock Value is determined by multiplying the Adjusted Index Return for the first Annual Lock Period by the current Annual Lock Value to determine the Annual Lock Credit. This amount is added to, or subtracted from, the Annual Lock Value, and this sum is the Annual Lock Value for the next Annual Lock Period. On each subsequent Contract Anniversary during the Term, the Adjusted Index Return for that Annual Lock Period is multiplied by the current Annual Lock Value to determine the Annual Lock Credit for that Annual Lock Period. The Annual Lock Credit is then added to, or subtracted from, the current Annual Lock Value to determine the new Annual Lock Value for the next Annual Lock Period. The Annual Lock Value is reduced proportionally for any withdrawals that occur during the Term. The Annual Lock Value is not available to you. Any gains or losses reflected in your Annual Lock Value are not locked in or credited to your Investment Base until the Term End Date when the ILO Credit is applied to your Investment Base. The Annual Lock Cap Rate Crediting Strategy is only available to Contracts issued on or after June 1, 2026.

Annuitant — The person on whose life annuity payments may be determined. An Annuitant’s life may also be used to determine death benefits, in the case of a Non- Natural Owner, and to determine the Annuity Date. A Contract may name a

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single (“sole”) Annuitant or two (“Joint”) Annuitants. You may choose a Contingent Annuitant only if you have a sole Annuitant (you cannot have Joint Annuitants and a Contingent Annuitant at the same time). If you name Joint Annuitants or a Contingent Annuitant, “the Annuitant” means the sole surviving Annuitant, unless otherwise stated.

Annuity Date — The date annuity payments are scheduled to begin if the Annuitant (or Joint Annuitants) is (or are) still living and your Contract is in force. The maximum Annuity Date is the Annuitant’s 110th birthday (youngest Annuitant’s 110th birthday if there are Joint Annuitants) and is the latest date we will begin paying you an annuity income. State variations may apply. See APPENDIX E: STATE VARIATIONS. You may contact us if you would like to change your Annuity Date.

Annuity Option — Any one of the income options available for a series of payments after the Annuity Date.

Beneficiary — The person who may have a right to receive any death benefit proceeds before the Annuity Date or any remaining annuity payments after the Annuity Date, if any Owner (or Annuitant in the case of a Non-Natural Owner) dies.

Buffer (Buffer Rate) — A type of Protection Level that provides limited protection against negative Index performance. The Buffer Rate protects against negative Index Return up to the stated Buffer percentage. Any negative Index Return in excess of the Buffer Rate will result in a negative Adjusted Index Return at the end of a Term or Annual Lock Period. The Buffer Rates are guaranteed not to change for as long as we continue to offer those Index-Linked Options. The 1-year S&P 500^® with Cap and 10% Buffer ILO will always be available under your Contract.

Business Day — Each day the New York Stock Exchange (“NYSE”) is open for regular trading. Each Business Day ends when the NYSE closes each day which is typically 4:00 p.m. Eastern Standard Time. In this Prospectus, references to “day” or “date” means Business Day unless otherwise specified. If any transaction or event called for under a Contract is scheduled to occur on a day that is not a Business Day, such transaction or event will be deemed to occur on the next following Business Day unless otherwise specified. If any transaction is requested for a day that does not exist in a given calendar month, it will occur on the last day of such month. Any systematic pre-authorized transaction scheduled to occur on December 30th or December 31st where that day is not a Business Day will be deemed an order for the last Business Day of the calendar year and will be calculated using the applicable values at the close of that Business Day.

Cap Rate — A type of Crediting Strategy. The Cap Rate is the maximum amount of positive Index Return that can be credited to the Investment Base at the end of a Term. The Cap Rate limits the potential positive Index-Linked Option Credit that may be applied at the end of a Term. In some cases, we may declare a Cap Rate for an ILO as "uncapped" in which case the amount of positive Index Return than can be credited to your ILO Value at the end of a Term is equal to the Index Return.

Cap Rate with Dual Direction Buffer (“Dual Direction”) — A type of Crediting Strategy. The Adjusted Index Return will equal any positive Index Return up to the Cap Rate, or the absolute value of any negative Index Return up to the Buffer Rate. The absolute value of a number is simply that number without regard to it being positive or negative. For example, the absolute value of -10 is 10. If the positive Index Return exceeds the Cap Rate, the Adjusted Index Return will equal the Cap Rate. If the negative Index Return exceeds the Buffer Rate, the Adjusted Index Return will equal the negative Index Return in excess of the Buffer Rate. In marketing and supplemental materials, we sometimes may refer to the Cap Rate with Dual Direction Buffer Crediting Strategy as simply the “Dual Direction Crediting Strategy.” In some cases, we may declare a Cap Rate for an ILO as "uncapped" in which case the amount of positive Index Return than can be credited to your ILO Value at the end of a Term is equal to the Index Return.

Cash Surrender Value — The amount available upon full surrender of the Contract. The Cash Surrender Value is the Contract Value (which may be the Interim Value), adjusted for any applicable surrender charges, market value adjustment, rider charges, and charges for premium and other taxes.

Code — The Internal Revenue Code of 1986, as amended.

Contingent Annuitant — A person, if named in your Contract, who will become the sole surviving Annuitant if the existing sole Annuitant should die before the Annuity Date.

Contingent Beneficiary — A person, if any, you select to become the Beneficiary if the Beneficiary predeceases the Owner (or Annuitant in the case of a Non-Natural Owner).

Contract Anniversary — The same date, each subsequent year, as your Contract Issue Date.

Contract Issue Date — The date we issue your Contract. The Contract Issue Date will be no later than two Business Days after we receive your initial Purchase Payment and Contract application In Proper Form. Contract Years and Contract Anniversaries are measured from this date.

Contract Owner, Owner, you, or your — Generally, a person who purchases a Contract and makes the investments. A Contract Owner has all rights in the Contract, including the right to make withdrawals, designate and change Beneficiaries, transfer amounts among the Interest Crediting Options, and designate an Annuity Option. If your Contract names Joint Owners, both Joint Owners are

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Contract Owners and share all such rights. Except in the case of a Non-Natural Owner, the Owner’s life is used to determine death benefits.

Contract Value — The total amount attributable to your Contract. The Contract Value is the sum of the Index-Linked Option Values and the Fixed Account Option Value.

Contract Year — The 12-month period beginning on the Contract Issue Date and on each Contract Anniversary date thereafter.

Crediting Strategy (“strategy”) — The method of determining the amount of positive interest, if any, credited to your Index-Linked Option Value for each Term. The Crediting Strategy rate declared on the Term Start Date is guaranteed for the duration of the Term in which you are invested (including for each Annual Lock Period during an Annual Lock Term). The Crediting Strategies offered under the Contract are listed in Appendix A of this Prospectus. Each Index-Linked Option will apply only one type of Crediting Strategy.

Dual Direction Buffer Rate (“Dual Direction Buffer”) —A type of Protection Level. The Dual Direction Buffer is only offered with the Cap Rate with Dual Direction Buffer Crediting Strategy. The Adjusted Index Return will equal the absolute value of any negative Index Return up to the Dual Direction Buffer Rate. The absolute value of a number is simply that number without regard to it being positive or negative. For example, the absolute value of -10 is 10. The positive interest credited by the Dual Direction Buffer may exceed the Cap Rate. If the negative Index Return exceeds the Dual Direction Buffer Rate, the Adjusted Index Return will equal the negative Index Return in excess of the Dual Direction Buffer Rate.

Fixed Account Minimum Value — The minimum value you will receive as the Fixed Account Option Value upon full surrender of the Contract, death, or annuitization. The Fixed Account Minimum Value is equal to all amounts allocated to the Fixed Account Option multiplied by the Guaranteed Minimum Surrender Value Percentage of 87.5% adjusted for any partial withdrawals or transfers from the Fixed Account Option, then accumulated at the non-forfeiture rate, which ranges from 1.00% to 3.00% depending on the applicable state law.

Fixed Account Option (the “Fixed Account”) — An Interest Crediting Option to which Purchase Payments and transfers may be allocated that credits a fixed rate of interest daily at the declared rate, subject to the 0.50% Minimum Guaranteed Rate for the Fixed Account. The Fixed Account Option will always be available under the Contract.

Fixed Account Option Value — The Purchase Payments or value allocated to the Fixed Account Option plus interest credited daily that compounds over one year at the Guaranteed Rate, less transfers and deductions for any withdrawals.

Floor (Floor Rate) — A type of Protection Level that provides limited protection against negative Index performance. The Floor represents the maximum negative Index Return that may be applied at the end of a Term. The Floor Rates are guaranteed not to change for as long as we continue to offer those Index-Linked Options. Index-Linked Options with a Floor Protection Level will no longer be available for Purchase Payments and future renewal allocations by new Contract Owners or allocations for renewal Terms by existing Contract Owners effective June 1, 2026.

Guaranteed Rate for the Fixed Account Option (Guaranteed Rate) — The annual rate of interest that we declare from time to time for the Fixed Account Option and which accrues daily. The Guaranteed Rate for the Fixed Account will be declared on each Contract Anniversary and will never be less than the Minimum Guaranteed Rate for the Fixed Account of 0.50%.

In Proper Form (In Good Order) — This is the standard we apply when we determine whether an instruction is satisfactory to us. An instruction (in writing or by other means that we accept (e.g. via telephone or electronic submission)) is considered to be In Proper Form if it is received at our Service Center in a manner that is satisfactory to us, such that is sufficiently complete and clear so that we do not have to exercise any discretion to follow the instruction, including any information and supporting legal documentation necessary to effect the transaction. Any forms that we provide will identify any necessary supporting documentation. We may, in our sole discretion, determine whether any particular transaction request is In Proper Form, and we reserve the right to change or waive any In Proper Form requirements at any time.

Index — The market index or exchange-traded fund (“ETF”) used to determine the Index Return and any Adjusted Index Return that is credited to an Index-Linked Option at the end of a Term or the Annual Lock Value at the end of an Annual Lock Period. Each Index is a price return index, not a total return index, and therefore its performance does not reflect any dividends or distributions paid by the Index’s component companies. Pacific Life reserves the right to add, remove, or replace an Index.

Index-Linked Option (“ILO”) — An Interest Crediting Option under the Contract to which Purchase Payments and transfers may be allocated that provides for credited interest based on the performance of a particular Index (or Indexes) and the applicable Crediting Strategy and Protection Level. Each ILO varies by Index, Crediting Strategy, Protection Level, and Term length. In marketing and supplemental materials, we sometimes may refer to ILOs as “crediting strategies.” The ILOs available under your Contract vary depending on the date your Contract was issued.

Index-Linked Option (“ILO”) Credit — The dollar amount of interest added to or subtracted from the Index-Linked Option Investment Base at the end of a Term. For Point-to-Point ILOs, the Index-Linked Option Credit is equal to the Investment Base multiplied by the Adjusted Index Return. For Annual Lock ILOs, the Index-Linked Option Credit is equal to the Annual Lock Value minus the Investment Base on the Term End Date. The Index-Linked Option Credit may be positive, negative, or zero

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according to the Adjusted Index Return.

Index-Linked Option (“ILO”) Value — Refers to both the total amount invested in a single Index-Linked Option, or the entire amount of your Contract Value invested in multiple Index-Linked Options. On the Term Start Date, the Index- Linked Option Value is equal to the Investment Base. On all days except for the Term Start Date and the Term End Date, the Index-Linked Option Value is equal to the Interim Value. On the Term End Date, the Index-Linked Option Value is equal to the Investment Base adjusted for the Index-Linked Option Credit(s), which may be positive, negative, or equal to zero.

Index Price — The prices for the Indexes that are published by the Index providers as of the close of the New York Stock Exchange (NYSE) each day that the NYSE is open. On any day that the NYSE is not open, the Index Price from the last NYSE close will apply. The change in the Index Price over the course of a Term or Annual Lock Period is used to determine the Index Return.

Index Return — Represents the price performance of the Index. The Index Return is the percentage change in the Index Price Point to Point (or for Annual Lock ILOs, from the beginning of an Annual Lock Period to the end of the Annual Lock Period), before any applicable adjustment for the Crediting Strategy or Protection Level. The Index Return can be positive, negative, or equal to zero.

Interest Crediting Option(s) — The Index-Linked Options and the Fixed Account Option offered under this Contract to which Purchase Payments and transfers may be allocated and that provides for credited interest.

Interim Value — The value of an Index-Linked Option in which you invest on any date during the Term after the Term Start Date and before the Term End Date.

Interim Value Adjustment (or “Adjustment”) — The proportionate reduction to your ILO Investment Base, Annual Lock Value (if applicable), and death benefit that occurs when a withdrawal is made from the ILOs during a Term based on Interim Values. The Investment Base, Annual Lock Value (if applicable), and death benefit are reduced by the same proportion (rather than on a dollar-for-dollar basis) that the Interim Value is reduced by the withdrawal.

Interim Value Calculation — The calculation of the Interim Value as a result of a withdrawal or surrender from the ILOs during a Term.

Investment Base — The amount that is allocated to an Index- Linked Option on the Term Start Date, reduced thereafter for withdrawals during the Term (including applicable surrender charges and taxes) or optional rider charges during the term, and to which is applied the ILO Credit on the Term End Date.

Joint Annuitant — If your Contract is a Non-Qualified Contract, you may name two Annuitants, called “Joint Annuitants,” in your application for your Contract. Special restrictions may apply for Qualified Contracts.

Market Value Adjustment (“MVA”) — A positive or negative adjustment to the withdrawal or surrender amount from any of the Interest Crediting Options to reflect the change in market interest rates between the start of the MVA Term and the date of a withdrawal or surrender. The MVA will increase or decrease the amount of a withdrawal or surrender based on the total amount requested.

Market Value Adjustment Term (“MVA Term”) — A 6-year period during which a market value adjustment may apply to withdrawals from or surrenders of the Contract. The Initial MVA Term begins on the Contract Issue Date and lasts for 6 Contract Years. Subsequent MVA Terms must be elected by the Contract Owner.

Minimum Guaranteed Rate for the Fixed Account — The minimum Guaranteed Rate for the Fixed Account Option is 0.50%. Once a Contract is issued, the Minimum Guaranteed Rate for the Fixed Account Option under that Contract will not change. The applicable Minimum Guaranteed Rate for the Fixed Account Option can also be found in your Contract.

Minimum Limit on Index Gain — The minimum percentage, for the life of the Index-Linked Option, We may use in any Crediting Strategy to limit the amount of positive Index Return credited on the Term End Date. (In the contracts, We may refer to these Minimum Limits on Index Gains as “guaranteed minimum” rates).

Non-Natural Owner — A corporation, trust or other entity that is not a (natural) person.

Non-Qualified Contract — A Contract other than a Qualified Contract.

Notice Date — The Business Day on which we receive, In Proper Form, proof of death and instructions regarding payment of death benefit proceeds.

Pacific Life (“we,” “us,” and “our”) — Pacific Life Insurance Company

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Performance Mix with Participation Rate— A type of Crediting Strategy that determines the Index Return based on the combined weighted average of the performance of the S&P 500^®, iShares^® Russell 2000 ETF, and MSCI EAFE Indexes. The Participation Rate is the percentage portion of the combined positive Index Return that will be used to determine the Index-Linked Option Credit. The Participation Rate limits the potential positive Index-Linked Option Credit that may be applied at the end of a Term. In some cases, we may declare a Cap Rate for an ILO as "uncapped" in which case the amount of positive Index Return than can be credited to your ILO Value at the end of a Term is equal to the combined Index Return, subject to the Participation Rate. The Performance Mix with Participation Rate Crediting Strategy is only available to Contracts issued prior to June 1, 2026.

Performance Mix with Participation Rate and Cap Rate— A type of Crediting Strategy that determines the Index Return based on the combined weighted average of the performance of the S&P 500^®, iShares^® Russell 2000 ETF, and MSCI EAFE Indexes. The Participation Rate is the percentage portion of the combined positive Index Return that will be used to determine the Index-Linked Option Credit. The Cap Rate is the maximum amount of positive Index Return that can be credited to the Investment Base at the end of a Term and is applied to the Index Return after the Participation Rate. The Participation Rate and Cap Rate limit the potential positive Index-Linked Option Credit that may be applied at the end of a Term. In some cases, we may declare a Cap Rate for an ILO as "uncapped" in which case the amount of positive Index Return than can be credited to your ILO Value at the end of a Term is equal to the combined Index Return, subject to the Participation Rate. (In marketing and supplemental materials, we may refer to the Performance Mix with Participation Rate and Cap Rate simply as the “Performance Mix Crediting Strategy.”) The Performance Mix with Participation Rate and Cap Rate Crediting Strategy is only available to Contracts issued on or after June 1, 2026.

Performance Lock — A feature offered under the Contract for all ILOs that allows you to “lock-in” the Interim Value of an ILO before the Term End Date. If you exercise the Performance Lock feature during a Term, your Index-Linked Option Value will equal the Interim Value on the date the Performance Lock is exercised and will be credited with a fixed rate of interest beginning on the day following the day the Performance Lock was exercised until the next Contract Anniversary. Exercising the Performance Lock will terminate your ability to receive an Index-Linked Option Credit or the protection of the Buffer or Floor to mitigate any loss.

Performance Triggered Rate — A type of Crediting Strategy. The Performance Trigger Rate is a fixed rate of interest that will be credited to the Investment Base on the Term End Date if the Index Return is equal to zero or positive. Index-Linked Options with a Performance Triggered Rate strategy will no longer be available for Purchase Payments and future renewal allocations by new Contract Owners or allocations for renewal Terms by existing Contract Owners effective June 1, 2026.

Point to Point — The Index Return for any Index-Linked Option (except for the Annual Lock Cap Rate Crediting Strategy ILOs) is determined by comparing the Index Price on the Index Term Start Date to the Index Price on the Index Term End Date.

Protection Level — The Protection Level provides limited protection to your ILO Value against negative Index Returns. There are three types of Protection Levels: Buffer Rates, Dual Direction Buffer Rates, and Floors. Each ILO will apply only one type of Protection Level. Index-Linked Options with a Floor Protection Level will no longer be available for Purchase Payments and future renewal allocations by new Contract Owners or allocations for renewal Terms by existing Contract Owners effective June 1, 2026.

Purchase Payment — An amount paid to us by or on behalf of a Contract Owner as consideration for the benefits provided under the Contract and invested into the Interest Crediting Options offered under the Contract.

Qualified Contract — A Contract that qualifies under the Code as an individual retirement annuity or account (IRA), or form thereof, or a Contract purchased by a Qualified Plan, qualifying for special tax treatment under the Code Sections 401, 403, 408A and 457.

Service Center — Pacific Life Insurance Company

P.O. Box 2378

Omaha, Nebraska 68103-2378

(800) 722-4448

For more complete contact information, see ADDITIONAL INFORMATION — INQUIRIES AND SUBMITTING FORMS AND REQUESTS in this Prospectus.

Subsequent Purchase Payment(s) — Additional Purchase Payments submitted after the initial Purchase Payment. Subsequent Purchase Payments are permitted only for 60 calendar days after your Contract Issue Date and are only permitted as a result of transfers or exchanges from other financial products requested at the time your Contract application is submitted. No other Purchase Payments are permitted under the Contract.

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Subsequent Term (“renewal Term”) — A Term that starts on a Contract Anniversary.

Term — For Point to Point ILOs, the period of time over which the change in Index performance is measured to determine the Index Return and the Index-Linked Option Credit(s). For Annual Lock ILOs, the Index performance is measured over the course of each Annual Lock Period. The Term begins on the Term Start Date and ends on the Term End Date.

Term End Date. The Contract Anniversary on the last day of the Term. On this date, the Index-Linked Option Credit, which may be positive, negative, or zero, is calculated and applied to your Investment Base. All Purchase Payments in an ILO will have the same Term End Date regardless of the date they were received.

Term Start Date — The Term Start Date is the date that a new Term begins. On this date, Contract Value (or your Purchase Payment) is allocated to the ILO and the starting Index Price is determined. The Term Start Date for your initial Purchase Payment is the Contract Issue Date. The Term Start Date for any Subsequent Purchase Payments will be the Business Day the Subsequent Purchase Payment is received prior to market close (typically 4:00 pm Eastern Time). All future Term Start Dates will be on a Contract Anniversary, on which date you will transfer or reinvest Contract Value into a new Term. State Variations may apply. See APPENDIX E: STATE VARIATIONS.

Tiered Participation Rate — A type of Crediting Strategy. The Tiered Participation Rates are a percentage of positive Index Return that will be used to determine the Index-Linked Option Credit. Tiered Participation Rates include a Tier One Participation Rate and a Tier Two Participation Rate. Positive Index Return less than or equal to the Tier Level is multiplied by the Tier One Participation Rate. Positive Index Return in excess of the Tier Level is multiplied by the Tier Two Participation Rate. The Adjusted Index Return is equal to the sum of these two values. The Tiered Participation Rates may limit the potential positive Index-Linked Option Credit that may be applied at the end of a Term. The Tiered Participation Rate Crediting Strategy is only available to Contracts issued prior to June 1, 2026.

Tiered Participation Rate with Cap Rate — A type of Crediting Strategy. The Tiered Participation Rates are a percentage of positive Index Return that will be used to determine the Index- Linked Option Credit. Tiered Participation Rates include a Tier One Participation Rate and a Tier Two Participation Rate. Positive Index Return less than or equal to the Tier Level is multiplied by the Tier One Participation Rate. Positive Index Return in excess of the Tier Level is multiplied by the Tier Two Participation Rate. The Adjusted Index Return is equal to the sum of these two values subject to the Cap Rate. The Cap Rate is the maximum amount of positive Index Return that can be credited to the Investment Base at the end of a Term. The Tiered Participation Rates and Cap Rate may limit the potential positive Index-Linked Option Credit that may be applied at the end of a Term. In some cases, we may declare a Cap Rate for an ILO as "uncapped" in which case the amount of positive Index Return than can be credited to your ILO Value at the end of a Term is equal to the Index Return, subject to the Tiered Participation Rates. The Tiered Participation Rate with Cap Rate Crediting Strategy is only available to Contracts issued on or after June 1, 2026.

Total Adjusted Purchase Payments — The Total Adjusted Purchase Payments is equal to the sum of all Purchase Payments made into the Contract, reduced by a Pro Rata Reduction for each prior withdrawal. The Pro Rata Reduction is the reduction percentage that is calculated at the time of a withdrawal by dividing the amount of the withdrawal by the Contract Value immediately prior to the withdrawal.

You and Your — The Owner(s) of this Contract.

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OVERVIEW OF THE CONTRACT

The Contract is a limited premium registered index-linked deferred annuity contract issued by us that is designed to help you accumulate funds for retirement or other long-term financial planning purposes on a tax-deferred basis. The Contract also includes a death benefit to help financially protect your Beneficiaries. This Contract may be appropriate for you if you have a long-term investment horizon and are looking to supplement your retirement income or you want to meet other long-term financial objectives. The Contract is not designed to be a short-term investment and may be inappropriate for you if you intend to take frequent withdrawals prior to annuitization (or prior to the Income Commencement Date if you have elected the GLWB Rider), withdrawals during the 6-year surrender charge period, or withdrawals from the ILOs before the end of a Term.

It is possible to lose up to 100% of your principal and previously credited Contract earnings. You should discuss with your financial professional whether an index-linked annuity contract, the optional living and death benefits, and which Interest Crediting Options are appropriate for you, taking into consideration your age, income, net worth, tax status, insurance needs, financial objectives, investment goals, liquidity needs, investment time horizon, risk tolerance and other relevant information. Together, you can decide if the Pacific Protective Growth contract is right for you.

We offer a variety of annuity contracts. Not every contract we issue is available through every selling broker-dealer. Upon request, your financial professional can provide information regarding our other annuity contracts that his or her broker-dealer makes available. You can also contact us to find out more about the availability of any of our annuity contracts.

Please note that the Contract permits ongoing withdrawals and deductions from the ILOs prior to the Term End Date, such as guaranteed withdrawal amounts under the GLWB Rider, rider charges, systematic withdrawals, and/or required minimum distributions. These withdrawals and deductions may have an adverse effect on the values and benefits under your Contract. If you intend to make such ongoing withdrawals or elect such deductions, you should consult with a financial professional about whether this Contract is appropriate for you.

PHASES OF THE CONTRACT

This Contract has two phases: the accumulation (savings) phase and the annuitization (income) phase.

Accumulation Phase

The accumulation phase begins on your Contract Issue Date and continues until your Annuity Date. During this phase, you invest in the Contract’s Interest Crediting Options, which include the ILOs and the Fixed Account Option, each of which has its own risks. Any earnings accumulate on a tax-deferred basis. Additional information about each of the Interest Crediting Options available under the Contract is provided in an appendix to this Prospectus. See APPENDIX A: INTEREST CREDITING OPTIONS AVAILABLE UNDER THE CONTRACT.

Index-Linked Options. The ILOs are a type of Interest Crediting Option available under the Contract to which Purchase Payments and transfers may be allocated. We will credit interest (which may be positive, negative, or zero) at the end of each Term to amounts allocated to an ILO (the “ILO Value”) based, in part, on the performance of a particular Index (or Indexes). Each ILO varies by Index, Crediting Strategy, Protection Level, and Term length. Crediting Strategies and Protection Levels only apply at the end of each Term (or at the end of each Annual Lock Period). You could lose a significant amount of money if the Index of an ILO in which you are invested declines in value. The ILOs available under your Contract vary depending on the date your Contract was issued. The following table describes the types of ILOs available under your Contract.

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• Protection Levels. We limit the negative Index Return used in calculating the interest credited to an ILO at the end of each Term (or to the Annual Lock Value at the end of each Annual Lock Period) through the applicable Protection Level of each ILO. There are three types of Protection Levels that we use to limit negative Index Returns: Buffer Rates, Dual Direction Buffer Rates, and Floors. Each ILO will have only one type of Protection Level. The Protection Level type and rate for each ILO is guaranteed not to change for as long as we offer the ILO.

 Effective June 1, 2026, ILOs with a Floor Protection Level will no longer be available for Purchase Payments and future renewal allocations by new Contract Owners or allocations for renewal Terms by existing Contract Owners.

 For Contracts issued on or after June 1, 2026, ILOs with a Buffer Rate of 100% will be available for Purchase Payment allocations and renewal Terms.

The 1-year S&P 500^® with Cap and 10% Buffer ILO (in addition to the Fixed Account) will always be available under your Contract. In the future, this means that we may not offer ILOs with any other Protection Level other than a 10% Buffer and any other Crediting Strategy other than a Cap Rate. We do not guarantee a minimum Dual Direction Buffer Rate, and we do not guarantee that we will always offer ILOs with a Dual Direction Buffer If we stop offering all but one ILO (the 1-year S&P 500^® with Cap and 10% Buffer ILO), you will be limited to investing in only one ILO and the Fixed Account Option. The terms and features of that ILO may not meet your investment objectives or be suitable for your financial goals, and this Contract may not be appropriate for you if you intend to invest solely in ILOs with a Dual Direction Buffer.

In the future, any ILOs we offer (in addition to the 1-year S&P 500^® with Cap and 10% Buffer ILO) will always have some level of downside protection, but we do not guarantee a minimum level. If, in the future, you are not satisfied with the available ILOs, you may choose to surrender your Contract, but you may be subject to surrender charges, an MVA, taxes, and tax penalties, and a negative Adjustment.

1. Buffer Rate. The Buffer protects against negative Index Return up to the stated Buffer percentage. Any negative Index Return in excess of the Buffer Rate will result in negative interest being credited to your ILO Value at the end of a Term or to your Annual Lock Value at the end of an Annual Lock Period. For example, if the Buffer Rate of the ILO is 10%, and the Index Return is -15%, we will credit your ILO Value with -5% (the amount of the negative Index Return that exceeds the Buffer Rate) at the end of the Term, meaning your ILO Value will decrease by 5%. Using the same example but with a Buffer Rate of 100%, we will credit your ILO Value with 0% because the negative Index Return does not exceed the Buffer Rate.

2. Dual Direction Buffer Rate. The Dual Direction Buffer protects against negative Index Return up to the stated Dual Direction Buffer percentage. The Dual Direction Buffer is only offered with the Cap Rate with Dual Direction Buffer Crediting Strategy. Any negative Index Return up to and including the Dual Direction Buffer Rate will result in positive interest equal to the absolute value of the Index Return being credited to your ILO Value at the end of the Term. The absolute value of a number is simply the value of a number without regard to it being positive or negative. For example, the absolute value of -10 is 10. Positive interest credited by the Dual Direction Buffer may exceed the Cap Rate. Any negative Index Return in excess of the Dual Direction Buffer Rate will result in negative interest being credited to your ILO Value at the end of a Term in the amount that the negative Index Return exceeds the Dual Direction Buffer Rate.

3. Floor Rate (not available for Purchase Payments or renewal allocations beginning June 1, 2026). The Floor Rate represents the maximum amount of negative Index Return that may be applied to your ILO Value at the end of a Term. You will not incur any negative Index Return in excess of the Floor Rate. For example, if the Floor Rate of the ILO is -10%, and

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The Crediting Strategy rate declared on the Term Start Date is guaranteed for the duration of the Term in which you are invested (including for each Annual Lock Period during an Annual Lock Term). We will declare new rates for Subsequent Terms, which may differ from current rates, subject to the Minimum Limits on Index Gain for each Crediting Strategy type.

 Cap Rate Strategy. The Cap Rate is the maximum amount of positive Index Return that can be credited to your ILO Value at the end of a Term. You will not incur any positive Index Return in excess of the Cap Rate. For example, if the Cap Rate of the ILO is 15%, and the Index Return is 20%, we will credit your ILO Value with 15% (the positive Index Return up to the Cap Rate) at the end of the Term, meaning that your ILO Value will increase by 15%. For any Cap Rate strategy ILO, the guaranteed minimum Cap Rate for the life of this Contract is 2% for a 1-year ILO, 4% for a 2-year ILO, 6% for a 3-year ILO, and 12% for a 6-year ILO. Two- and three-year ILOs are available beginning on June 1, 2026 for Purchase Payment allocations by new Contract Owners and renewal allocations by existing Contract Owners.

 Annual Lock Cap Rate Strategy. The Annual Lock Cap Rate is applied annually at the end of each Annual Lock Period. Similar to a Cap Rate, the Annual Lock Cap Rate is the maximum amount of positive Index Return that can be credited to the Annual Lock Value at the end of each Annual Lock Period. However, any gains (or losses) reflected in your Annual Lock Value are not locked in or credited to your Investment Base until the Term End Date when the ILO Credit is applied to your Investment Base. The Annual Lock Cap Rate declared on the Term Start Date will apply at the end of each Annual Lock Period during that Term. You will not incur any positive Index Return at the end of an Annual Lock Period in excess of the Annual Lock Cap Rate. For example, if the Annual Lock Cap Rate of the ILO is 15%, and the Index Return is 20%, we will credit your Annual Lock Value with 15% (the positive Index Return up to the Cap Rate) at the end of the Annual Lock Period, meaning that your Annual Lock Value will increase by 15%. For any Annual Lock Cap Rate strategy ILO, the guaranteed minimum Annual Lock Cap Rate for the life of this Contract is 2%.

 Performance Mix Strategies. The Performance Mix with Participation Rate strategy and the Performance Mix with Participation Rate and Cap Rate strategy measures the performance of a combination of three Indexes: The S&P 500^®, the iShares^® Russell 2000 ETF, and the MSCI EAFE. The Index Return of the Performance Mix is determined based on the combined weighted average of those stated Indexes: 50% is based on the Index with the highest return, 30% is based on the Index with the next best return, and 20% is based on the Index with the lowest return. The Participation Rate is the percentage portion of the positive Index Return that will be used in calculating the interest credited to your ILO Value at the end of a Term.

Performance Mix with Participation Rate Crediting Strategy. For the Performance Mix with Participation Rate strategy, the Participation Rate is multiplied by the combined Index Return to yield the interest credited to your ILO Value. For example, if the Participation Rate of the ILO is 80%, and the combined Index Return of the three Indexes is 20%, we will credit your ILO Value with 16% (.20 x 80, or 80% of the Index Return) at the end of the Term, meaning that your ILO Value will increase by 16%.

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Return that can be credited to the Investment Base at the end of a Term. Both the Cap Rate and the Participation Rate limit the potential positive Index-Linked Option Credit that may be applied at the end of a Term. For example, if the Participation Rate of the ILO is 100% and the Cap Rate is 80%, and the combined Index Return of the three Indexes is 20%, we will credit your ILO Value with 20% (1.00 x 20, or 100% of the Index Return) at the end of the Term, meaning that your ILO Value will increase by 20%. If the combined Index Return of the three Indexes is 85%, we will credit your ILO with 80% at the end of the Term.

 Tiered Participation Rate Strategies. The Tiered Participation Rate is a percentage portion of positive Index Return that will be used in calculating the interest credited to your ILO Value at the end of a Term. The Tiered Participation Rate Crediting Strategy has three components: the Tier One Participation Rate, the Tier Two Participation Rate, and the Tier Level. The Tiered Participation Rate with Cap Rate Crediting Strategy has these same components, in addition to a Cap Rate.

Tiered Participation Rate Crediting Strategy. For the Tiered Participation Rate Crediting Strategy, positive Index Return less than or equal to the Tier Level is multiplied by the Tier One Participation Rate. The amount of positive Index Return in excess of the Tier Level is multiplied by the Tier Two Participation Rate. The positive interest credited to your ILO Value is equal to the sum of these two values. For example, assume that the Index Return is 40%, and the Tiered Participation Rate for the ILO includes the following values: Tier 1 Participation Rate — 100%; Tier 2 Participation Rate — 125%; Tier Level — 25%. We will credit your ILO Value with 43.75%, which is the sum of 25% (the Tier One Participation Rate 100% multiplied by the Index Return up to the Tier Level 25%), plus 18.75% (the Tier Two Participation Rate 125% multiplied by the amount of Index Return in excess of the Tier Level 15%). This means that your ILO Value will increase by 43.75%.

Tiered Participation Rate with Cap Rate Crediting Strategy. The Tiered Participation Rate with Cap Rate Crediting Strategy operates in the same manner, except that the positive interest credited to your ILO Value is also subject to the Cap Rate. The Cap Rate is the maximum amount of positive Index Return that can be credited to the Investment Base at the end of a Term. The Participation Rates and the Cap Rate limit the potential positive Index-Linked Option Credit that may be applied at the end of a Term. For example, assume that the Index Return is 48%, and the Tiered Participation Rate for the ILO includes the following values: Tier 1 Participation Rate — 100%; Tier 2 Participation Rate — 125%; Tier Level — 25% and the Cap Rate is 50%. The percentage portion of positive Index Return is 53.75%. which is the sum of 25% (the Tier One Participation Rate 100% multiplied by the Index Return up to the Tier Level 25%), plus 28.75% (the Tier Two Participation Rate 125% multiplied by the amount of Index Return in excess of the Tier Level 23%). Since the Index Return is greater than or equal to the Cap Rate, we will credit your ILO Value with 50%.

 Performance Triggered Rate Strategy (not available for Purchase Payments or renewal allocations beginning June 1, 2026). The Performance Triggered Rate is a fixed rate of interest that will be credited to your ILO Value at the end of a Term if the Index Return is greater than or equal to zero. For example, if the Performance Triggered Rate of the ILO is 15%, and the positive Index Return is 0%, 5%, or 25%, in each circumstance, we will credit your ILO Value with 15% (the Performance Triggered Rate) at the end of the Term, meaning that your ILO Value will increase by 15%. For any Performance Triggered Rate strategy ILO, the guaranteed minimum Performance Trigger Rate for the life of this Contract is 2%.

Transition Rules for Applications Signed Prior to June 1, 2026

Effective June 1, 2026, there will be changes to the Interest Crediting Options available for Pacific Protective Growth. The following transition rules will apply:

● If an application or transmission is dated prior to June 1, 2026 and is received In Good Order within 14 calendar days

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from the application/transmission sign-date, then the contract will be issued as applied for with the Interest Crediting Options available prior to June 1, 2026. Funds must be received within 60 calendar days after June 1, 2026.

o If the funds are received after 60 calendar days from June 1, 2026, the contract will not be issued and a new post-June 1, 2026, application will need to be signed and submitted.

o Any application/transmission sign-date of June 1, 2026 or later, may only elect the new interest crediting options as indicated on the post-June 1, 2026 application.

Fixed Account Option. The Fixed Account is a type of Interest Crediting Option available under the Contract to which Purchase Payments and transfers may be allocated. The Fixed Account credits a fixed rate of interest daily at the Guaranteed Rate to the amount invested in the Fixed Account (the “Fixed Account Option Value”). The Guaranteed Rate for the Fixed Account will be declared on each Contract Anniversary, and will never be less than the Minimum Guaranteed Rate for the Fixed Account, which is 0.50%. Surrenders, death benefit payments, and annuitization from the Fixed Account Option are subject to the Fixed Account Minimum Value. The Fixed Account Option will always be available for the life of your Contract.

Annuitization Phase

The annuitization (income) phase occurs when you annuitize your Contract. If you annuitize your Contract, you will turn your Contract Value into a stream of income payments over a fixed period or for life. Annuity payments will be in a fixed-dollar amount. If you annuitize, you will be unable to make withdrawals and death benefits and the GLWB Rider will terminate. You are not required to annuitize until the maximum Annuity Date, which is the Annuitant’s (youngest Annuitant if there are Joint Annuitants) 110th birthday. Some states’ laws may require a different Annuity Date. See APPENDIX E: STATE VARIATIONS.

If you choose the GLWB Rider, upon the maximum Annuity Date, we guarantee that your annuity payment stream will be at least the greater of your Protected Payment Amount under the GLWB Rider for remainder of your life, or payments calculated using your Contract Value based on the Life Only Annuity Option (or the Joint and Survivor Life for joint option). See INCOME GUARD — ANNUITIZATION for more information. If you prefer a different Annuity Option at the maximum Annuity Date, the GLWB Rider will terminate, and your annuity payments will be determined based on your Contract Value pursuant to the chosen Annuity Option. If you choose the GLWB Rider and you annuitize the Contract at any time before the maximum Annuity Date, the GLWB Rider will terminate, and your annuity payments will be determined based on your Contract Value as described under ANNUITIZATION later in this Prospectus.

In general, if you choose the GLWB Rider, it may not be appropriate for you to annuitize the Contract before the maximum Annuity Date because the GLWB Rider already provides for lifetime income in the form of the Protected Payment Amount while also allowing for the accumulation of Contract Value and a death benefit. If you choose to annuitize the Contract, you will be giving up your Contract Value, death benefit, and GLWB guarantees, and it is possible that the annuity payment amount will be less than the Protected Payment Amount. Nonetheless, it is possible that the income stream provided by an annuity benefit payment option (e.g., payments for a period certain) may be more appropriate for you based on your personal circumstances and financial goals. As such, before annuitizing or selecting a payment option, you should consult with a financial professional and/or contact us at our Service Center to obtain information on what the annuity payment would be prior to annuitizing. Please note that if you annuitize, you will be unable to make withdrawals from the Contract.

CONTRACT FEATURES

Accessing Your Money. Before you annuitize, you can withdraw money from your Contract at any time. Withdrawing only a portion of your Contract Value is referred to as a “withdrawal.” Withdrawing your entire Contract Value is referred to as a “surrender” and will terminate your Contract. Withdrawals or surrenders taken during the surrender charge period, which is the first 6 Contract Years, may be subject to a surrender charge. Withdrawals and surrenders may also be subject to a market value adjustment (“MVA”), taxes, and tax penalties. Withdrawals and surrenders from the ILOs before the end of a Term will result in an Interim Value Calculation and Adjustment being applied to your ILO Value.

Preauthorized Withdrawals. If your Contract Value is at least $5,000, for no additional cost, you may elect to automatically withdraw money from your Contract on a regular basis at any time before your Annuity Date. You may choose monthly, quarterly, semi-annual or annual withdrawals. Preauthorized withdrawals may be subject to surrender charges, an Interim Value Calculation and Adjustment, MVA, taxes, and tax penalties.

Free Withdrawal Amount. Each Contract Year, you may withdraw a portion of your Contract Value without incurring a surrender charge or MVA, as applicable. The annual free withdrawal amount will still trigger an Interim Value Calculation and Adjustment if taken from the ILOs before the end of a Term, and be subject to taxes and tax penalties.

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Nursing Home and Terminal Illness Waivers. These waivers are included in the Contract for no additional charge. Under these waivers, surrender charges and MVAs will be waived for all withdrawals and surrenders of the Contract if the Annuitant or Owner is diagnosed with a terminal illness, as defined by the Waiver, or is confined to an accredited nursing home, and certain other conditions are met. Withdrawals and surrenders under these waivers may still trigger an Interim Value Calculation and Adjustment, taxes, and tax penalties.

Death Benefits. The Contract provides a death benefit payout, at no additional cost, to help protect your Beneficiaries during the accumulation phase. Depending on your age at the Contract Issue Date, the standard Death Benefit Amount is either (a) the greater of the Contract Value or the Total Adjustment Purchase Payments, reduced by any taxes, or (b) the Contract Value, reduced by any taxes. For an additional cost, Contract Owners between the ages of 81 and 85 on the Contract Issue Date may purchase the optional death benefit rider, the Return of Purchase Payments Death Benefit Rider (the “ROP Death Benefit Rider,” or the “Rider”), which can increase the amount of money payable to your Beneficiaries.

Tax Treatment. Your Purchase Payments accumulate value on a tax-deferred basis. Your earnings generally are not taxed until money is withdrawn from the Contract, such as when you make a withdrawal from or surrender your Contract, or receive an annuity payment from the Contract, or a death benefit is paid.

Performance Lock. For no additional cost, the Contract includes a “Performance Lock” feature for all ILOs which enables you to “lock-in” the Interim Value of an ILO before the end of a Term. If you exercise the Performance Lock feature, the value of your investment in an ILO will equal the Interim Value on the date the Performance Lock is exercised and will be credited with a fixed rate of interest until the next Contract Anniversary. See PERFORMANCE LOCK for more information.

Guaranteed Lifetime Withdrawal Benefit. For an additional cost, the Contract also provides an optional guaranteed lifetime withdrawal benefit rider, known as the Income Guard rider, which may provide you with guaranteed income for life, as long as certain conditions are met. Guaranteed withdrawal amounts taken from the ILOs under the Rider may trigger an Interim Value Calculation and Adjustment and will be subject to taxes and tax penalties, but will not be subject to an MVA or surrender charge. See INCOME GUARD for more information about the Income Guard rider.

CONTRACT ADJUSTMENTS

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KEY INFORMATION

Important information you should consider about the Pacific Protective Growth Contract

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FEES, CHARGES, AND ADJUSTMENTS

SURRENDER CHARGE

Withdrawals and surrenders from the Contract during the first 6 Contract Years (the surrender charge period) in excess of the annual free withdrawal amount are generally subject to a surrender charge, in addition to an MVA, taxes, and tax penalties. See the list below, and ACCESS TO YOUR MONEY — WITHDRAWALS AND SURRENDERS — Withdrawals Free of a Surrender Charge and Market Value Adjustment for information regarding withdrawals and surrenders that are not subject to a surrender charge. The surrender charge is taken as a percentage of the amount withdrawn or surrendered in excess of the annual free withdrawal amount, in addition to any MVA and taxes. During the first Contract Year, the surrender charge is 7%, and declines to 0% by the 7th Contract Year. The amount of the surrender charge depends on the Contract Year in which you take the withdrawal and the amount you withdraw. The Contract is in year 1 from the Contract Issue Date until the day preceding the first Contract Anniversary. Beginning on the day preceding your first Contract Anniversary, your Contract will be in year 2, and will increase in Contract Years on the day preceding each subsequent Contract Anniversary.

When you withdraw or surrender an amount subject to the surrender charge, your Contract Year determines the surrender charge percentage according to the following schedule:

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You may choose which Interest Crediting Options to withdraw money from. The surrender charge is deducted proportionately from all the Interest Crediting Options from which your withdrawal occurs. A withdrawal amount requested will be processed as a “gross” amount, which means that applicable surrender charges, MVA, taxes, and tax penalties will be deducted from the requested amount.

Example of a Gross Withdrawal: Contract Year: 3

Surrender charge percentage: 6%
Gross withdrawal amount: $10,000

Free withdrawal amount prior to withdrawal: $4,000
Surrender charge: $360 (($10,000 – $4,000) x 6%)
MVA: $120

Tax withholding: $1,500

Amount Received: $8,020 ($10,000 – $360 – $120 – $1,500)

The surrender charge is designed to reimburse us for sales commissions and other expenses associated with the promotion and solicitation of offers for the Contracts, although our actual expenses may be greater or less than the surrender charge amount. See ADDITIONAL INFORMATION — DISTRIBUTION ARRANGEMENTS for information regarding commissions and other amounts paid to broker-dealers in connection with Contract distribution.

No surrender charge is imposed on the following withdrawals and surrenders. These transactions are also not subject to an MVA. These transactions may still be subject to taxes, tax penalties, and an Interim Value adjustment if taken from the ILOs before the end of a Term:

• cancellations of the Contract during the Free Look period. See RIGHT TO CANCEL (“FREE LOOK”);

• the annual free withdrawal amount. See ACCESS TO YOUR MONEY — WITHDRAWALS AND SURRENDERS — Withdrawals Free of a Surrender Charge and Market Value Adjustment;

• withdrawals and surrenders after the surrender charge period (unless the MVA Term is renewed, in which case, such withdrawals and surrenders would be subject to an MVA);

• death benefit proceeds, except as provided under the DEATH BENEFIT — Non-Natural Owner section for certain Non-Natural Owners;

• amounts converted to an Annuity Option. See ANNUITIZATION — CHOOSING YOUR ANNUITY OPTION;

• withdrawals by Owners to meet the RMD rules (Owners must be enrolled in Pacific Life’s RMD program) for IRAs and Qualified Contracts as they apply to amounts held under the Contract (except for any new Inherited Qualified Contracts);

• withdrawals and surrenders after the 1st Contract Anniversary under the Terminal Illness Waiver. See SURRENDER CHARGE — Terminal Illness Waiver;

• withdrawals and surrenders after 90 calendar days from the Contract Issue Date under the Nursing Home Waiver. See

SURRENDER CHARGE — Nursing Home Waiver;

• Rider charges; and

• Compliant Withdrawals under the GLWB Rider, if elected. See INCOME GUARD — WITHDRAWALS for more information.

Nursing Home Waiver

The nursing home waiver applies to waive the surrender charge on withdrawals and surrenders made after 90 calendar days from the Contract Issue Date while the Owner (or Annuitant in the case of a Non-Natural Owner) has been confined in an accredited nursing home for at least 30 calendar days, or within 90 calendar days after the Owner (or Annuitant in the case of a Non- Natural Owner) leaves the nursing home. The nursing home confinement period for which you seek the waiver must begin after the Contract Issue Date. In order to use this waiver, you must submit with your withdrawal request the following documents:

• an admittance form which shows the type of facility the Owner (or Annuitant in the case of a Non-Natural Owner) entered, and

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• a bill from the nursing home which shows that the Owner (or Annuitant in the case of a Non-Natural Owner) met the 30 calendar day nursing home confinement requirement.

An accredited nursing home is defined as a home or facility that:

• is operating in accordance with the law of jurisdiction in which it is located,

• is primarily engaged in providing, in addition to room and board, skilled nursing care under the supervision of a duly licensed physician, and

• provides continuous 24-hour-a-day nursing service by or under the supervision of a registered nurse and maintains a daily record of the patient.

Withdrawals from the ILOs during the Term under the nursing home waiver are based on Interim Values. Such withdrawals will cause a reduction in your Interim Value and an Interim Value Adjustment in your Investment Base, Annual Lock Value (if applicable), and death benefit. The Interim Value Adjustment to the Investment Base, Annual Lock Value, and death benefit may be greater than the dollar amount of the withdrawal and will reduce the Investment Base and Annual Lock Value for the remainder of the Term, and may significantly reduce the value of any positive ILO Credit at the end of the Term (or Annual Lock Credit at the end of an Annual Lock Period). Withdrawals under the nursing home waiver will also not be subject to an MVA, but may still be subject to taxes and tax penalties.

Terminal Illness Waiver

The terminal illness waiver applies to waive the surrender charge on withdrawals and surrenders made after the 1st Contract Anniversary if the Owner (or Annuitant in the case of a Non-Natural Owner) has been diagnosed on or after the Contract Issue Date with a medically determinable condition that results in a life expectancy of 12 months or less, and we are provided with medical evidence In Proper Form. In order to submit this waiver, you must submit with your withdrawal request a Terminal Illness Certification Form signed by a physician. State restrictions may apply. Please See APPENDIX E: STATE VARIATIONS.

Withdrawals from the ILOs during the Term under the terminal illness waiver are based on Interim Values. Such withdrawals will cause a reduction in your Interim Value and an Interim Value Adjustment in your Investment Base, Annual Lock Value (if applicable), and death benefit. The Interim Value Adjustment to the Investment Base, Annual Lock Value, and death benefit may be greater than the dollar amount of the withdrawal and will reduce the Investment Base and Annual Lock Value for the remainder of the Term, and may significantly reduce the value of any positive ILO Credit at the end of the Term (or Annual Lock Credit at the end of an Annual Lock Period). Withdrawals under the terminal illness waiver will also not be subject to an MVA, but may still be subject to taxes and tax penalties.

INCOME GUARD RIDER CHARGE

See INCOME GUARD for more information about the GLWB Rider.

The Rider charge will be assessed in arrears as a percentage of the Protected Payment Base as of the Contract Anniversary date, and will be deducted annually each Contract Anniversary after the Rider Effective Date, which will be the Contract Issue Date. You will find the current annual Rider charge percentage in the Rate Sheet Prospectus Supplement applicable to your Contract. The maximum Rider charge is 4.00%. The dollar amount of the charge is equal to the Rider charge percentage multiplied by the Protected Payment Base on the day the charge is deducted.

The charge amount will be deducted from all Interest Crediting Options on a pro-rata basis relative to the Contract Value in each Interest Crediting Option. The portion of the Rider charge deducted from each of the 1-year ILOs on the Contract Anniversary (which will be a Term End Date) and the Fixed Account Option will reduce the Investment Base and death benefit by the amount of the charge in the same manner as a withdrawal. Any portion of the Rider charge deducted from an ILO on a Contract Anniversary prior to the Term End Date will reduce the ILO Interim Value dollar-for-dollar and result in an Interim Value Adjustment to the Investment Base and death benefit in the same manner as a withdrawal. The deduction of the Rider charge will not be subject to an MVA or surrender charge. Rider charges will be assessed after the application of the ILO Credit when assessed on the Term End Date. Accordingly, the ILO Credit will be reduced by the deduction of Rider charges.

The Rider charge will apply each year that the Rider is in effect, and upon termination of the Contract or Rider. If the charge is assessed upon Rider or Contract termination before the Contract Anniversary, the charge may be prorated. If the terminating event happens on the Contract Anniversary, then the full-year charge will apply. If the charge is prorated, it will be based on the Protected Payment Base at the time the Rider terminates, and will be deducted from the Contract Value on the earlier of the date the Contract or Rider terminates or the next Contract Anniversary.

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RETURN OF PURCHASE PAYMENTS DEATH BENEFIT RIDER CHARGE

The Rider charge will be assessed in arrears as a percentage of the Contract Value on the date of the charge, and deducted each Contract Anniversary after the Contract Issue Date. The maximum annual Rider charge is 1.50%. The current annual Rider charge is 0.30%. The charge amount will be deducted from all Interest Crediting Options on a pro-rata basis relative to the Contract Value in each Interest Crediting Option. The portion of the Rider charge deducted from each of the ILOs on a Term End Date and the Fixed Account will reduce the Investment Base, Annual Lock Value (if applicable), and the death benefit by the amount of the charge in the same manner as a withdrawal. Any portion of the Rider charge deducted from an ILO on a Contract Anniversary prior to the Term End Date will reduce the ILO Interim Value dollar-for-dollar and result in an Interim Value Adjustment to the Investment Base, Annual Lock Value, and death benefit in the same manner as a withdrawal. The deduction of the Rider charge will not be subject to an MVA or surrender charge. Rider charges assessed on a Term End Date will be assessed after the application of the ILO Credit. Accordingly, the ILO Credit will be reduced by the deduction of Rider charges. As noted above, the ROP Death Benefit Rider charge may be deducted from the ILOs on a date prior to the Term End Date. The ongoing deduction of the Rider charge on such dates may have an adverse effect on values and benefits under the Contract. If you intend to elect the ROP Death Benefit Rider, you should consult with a financial professional to discuss whether the Rider or this Contract is appropriate for you. See DEATH BENEFIT — OPTIONAL DEATH BENEFIT RIDER for more information about the ROP Death Benefit Rider.

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Interim Value Calculation

TAXES

Depending on your state of residence (among other factors), a tax may be imposed at the time your Purchase Payment is made, at the time of a surrender or withdrawal, at the time any death benefit proceeds are paid, at annuitization or at such other time as required by your state (“premium tax”). State tax rates ranging from 0% to 3.5% are currently in effect, but may change in the future. If a premium tax is charged at the time of annuitization, the rate is determined by your state of

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residence at the time of annuitization. Premium taxes are subject to state requirements. Some local jurisdictions also impose a tax. If we pay any premium taxes attributable to your Contract, we will impose a similar charge against your Contract Value. We normally will charge you when you annuitize some or all of your Contract Value. We reserve the right to impose this charge for applicable premium taxes and/or other taxes when you make a surrender or withdrawal, at the time any death benefit proceeds are paid, or when those taxes are incurred. For these purposes, “premium taxes” include any state or local premium or retaliatory taxes and any federal, state or local income, excise, business or any other type of tax (or component thereof) imposed due to the purchase or annuitization of your Contract. We currently base this charge on your Contract Value, but we reserve the right to base this charge on the transaction amount, the aggregate amount of Purchase Payments we receive under your Contract, or any other amount, that in our sole discretion we deem appropriately reimburses us for premium taxes paid on this Contract.

BUYING THE CONTRACT

PURCHASING THE CONTRACT

To purchase a Contract, you must work with your financial professional to complete an application and submit it along with your initial Purchase Payment to Pacific Life Insurance Company at P.O. Box 2290, Omaha, Nebraska 68103-2290. Your initial Purchase Payment and any subsequent Purchase Payments, in aggregate, must be greater than or equal to $25,000. In those instances when we receive electronic transmission of the information on the application from your financial professional’s distribution firm and our administrative procedures with your distribution firm so provide, we consider the application to be received on the Business Day we receive the transmission. If your application and Purchase Payment are complete when received, or once they have become complete, we will issue your Contract within 2 Business Days. The date that we issue your Contract is your Contract Issue Date. If some information is missing from your application, we may delay issuing your Contract while we obtain the missing information. However, we will not hold your initial Purchase Payment for more than 5 Business Days without your permission. In any case, we will not hold your initial Purchase Payment after 20 Business Days.

You may also purchase a Contract by exchanging your existing annuity. All contract exchange and transfer requests must be submitted with the Contract application, and no subsequent exchange or transfer requests may be initiated. Some financial professionals may have a financial incentive to offer you this Contract in place of the one you already own. You should only exchange your existing contract for this Contract if you determine, after comparing the features, fees, and risks of both contracts, and any fees or penalties to terminate the existing contract, that it is preferable for you to purchase this Contract rather than continue your existing contract. Call your financial professional or call us at (800) 722-4448 if you are interested in this option. Financial professionals may call us at (833) 953-1863.

We reserve the right to reject any application or Purchase Payment for any reason, subject to any applicable nondiscrimination laws and to our own standards and guidelines. On your application, you must provide us with a valid U.S. tax identification number for federal, state, and local tax reporting purposes.

The maximum age of a Contract Owner/Annuitant, including Joint Owners, Joint Annuitants, and Contingent Annuitants, for which a Contract will be issued is 85. The Contract Owner’s age is calculated as of his or her last birthday. If any Contract Owner (or any Annuitant in the case of a Non-Natural Owner) named in the application for a Contract dies and we are notified of the death before we issue the Contract, then we will return the amount we received. If we issue the Contract and are subsequently notified after Contract issuance that the death occurred prior to issue, then the application for the Contract and/or any Contract issued will be deemed cancelled and a refund will be issued. The refund amount will be the Contract Value based on the Fixed Account Option Value and the ILO Value (which may include Interim Value(s)) next determined after we receive proof of death, In Proper Form, of the Contract Owner (or Annuitant in the case of a Non-Natural Owner), plus a refund of any amount used to pay premium taxes and/or any other taxes. Any refunded assets may be subject to probate.

We offer a variety of annuity contracts. Not every contract we issue is available through every selling broker-dealer. Upon request, your financial professional can provide information regarding our other annuity contracts that his or her broker-dealer makes available. You can also contact us to find out more about the availability of any of our annuity contracts.

Transition Rules for Applications Signed Prior to June 1, 2026

Effective June 1, 2026, there will be changes to the Interest Crediting Options available for Pacific Protective Growth. The following transition rules will apply:

● If an application or transmission is dated prior to June 1, 2026 and is received In Good Order within 14 calendar days from the application/transmission sign-date, then the contract will be issued as applied for with the Interest Crediting

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Options available prior to June 1, 2026. Funds must be received within 60 calendar days after June 1, 2026.

o If the funds are received after 60 calendar days from June 1, 2026, the contract will not be issued and a new post-June 1, 2026, application will need to be signed and submitted.

o Any application/transmission sign-date of June 1, 2026 or later, may only elect the new interest crediting options as indicated on the post-June 1, 2026 application.

Making Your Initial Purchase Payment

We reserve the right to reject additional Purchase Payments. Your initial Purchase Payment and any subsequent Purchase Payments, in aggregate, must be at least $25,000 for both Non-Qualified and Qualified Contracts. Your Contract requires that you must obtain our consent before making an initial or additional Purchase Payment that will bring your aggregate Purchase Payments over $1,000,000. Currently, our administrative practice allows for aggregate Purchase Payments up to $2,000,000 without our consent. We reserve the right to change this administrative practice in the future. The aggregate amount is based on all contracts where you are either the owner and/or annuitant.

When Your Purchase Payment is Effective

Your initial Purchase Payment is effective on your Contract Issue Date, which will be no later than 2 Business Days after we receive your initial Purchase Payment and Contract application In Proper Form. Any Subsequent Purchase Payment is effective on the Business Day we receive it In Proper Form. See ADDITIONAL INFORMATION — INQUIRIES AND SUBMITING FORMS AND REQUESTS. On the Contract Issue Date, we will allocate your initial Purchase Payment, minus any applicable taxes, to the Interest Crediting Options you selected according to the initial allocation instructions submitted with your application In Proper Form. Allocation instructions must be in whole percentages only. If we do not receive instructions allocating your initial Purchase Payment, your application is not In Proper Form and we will not issue your Contract.

METHODS OF PAYMENT

All Purchase Payments may be sent by personal or bank check or by wire transfer. Purchase Payments must be made in a form acceptable to us before we can process it. Acceptable forms of Purchase Payments are:

• personal checks or cashier’s checks drawn on a U.S. bank,

• money orders and traveler’s checks in single denominations of more than $10,000 if they originate in a U.S. bank,

• third party payments when there is a clear connection of the third party to the underlying transaction, and

• wire transfers that originate in U.S. banks.

We will not accept Purchase Payments in the following forms:

• cash,

• credit cards or checks drawn against a credit card account,

• money orders or traveler’s checks in single denominations of $10,000 or less,

• starter checks,

• home equity checks,

• eChecks,

• cashier’s checks, money orders, traveler’s checks or personal checks drawn on non-U.S. banks, even if the payment may be

• effected through a U.S. bank,

• third party payments if there is not a clear connection of the third party to the underlying transaction, and

• wire transfers that originate from foreign bank accounts.

All unacceptable forms of Purchase Payments will be returned to the payor along with a letter of explanation. We reserve the right to reject or accept any form of payment. Any unacceptable Purchase Payment inadvertently invested may be returned and the amount returned may be more or less than the amount submitted. If a Purchase Payment is made by check other than a cashier’s check, we may hold the check and the payment of any withdrawal proceeds and any refund during the “Right to Cancel” period may be delayed until we receive confirmation in our Service Center that your check

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has cleared. In general, a delay of the payment of withdrawal proceeds or any refund during the check hold period will not exceed 10 Business Days after we receive your withdrawal or “Right to Cancel” request In Proper Form. We will calculate the value of your proceeds as of the end of the Business Day we received your withdrawal or “Right to Cancel” request In Proper Form. See BUYING THE CONTRACT — RIGHT TO CANCEL (“FREE LOOK”).

SUBSEQUENT PURCHASE PAYMENTS

Subsequent Purchase Payments are permitted only for 60 calendar days after your Contract Issue Date and are only permitted as a result of transfers or exchanges from other financial products requested at the time your Contract application is submitted. No other Purchase Payments are permitted. Your Contract requires that you must obtain our consent before making an initial or additional Purchase Payment that will bring your aggregate Purchase Payments over $1,000,000. Currently, our administrative practice allows for aggregate Purchase Payments up to $2,000,000 without our consent. We reserve the right to change this administrative practice in the future. The aggregate amount is based on all contracts where you are either the owner and/or annuitant. Each Subsequent Purchase Payment must be at least $1,000. Subsequent Purchase Payments will be allocated according to the same allocation instructions as the initial Purchase Payment, and will receive the same interest rates and ILO crediting rates that were applied to the initial Purchase Payment on the Contract Issue Date.

Initial Term. For the initial Term, each Subsequent Purchase Payment will receive the Index Price as of the date the payment is received. Each Subsequent Purchase Payment allocated into the same ILO will constitute a different “segment” in the initial ILO Term, and the investment performance of each ILO segment will be tracked separately. Each ILO segment in the same ILO Term has its own associated Interim Value, Annual Lock Value (if applicable), and Investment Base during the initial Term.

The ending Index Price for all ILO segments will be the Index Price determined on the Contract Anniversary that falls on the initial Term End Date or end date of an Annual Lock Period. Each ILO segment will also receive a separate ILO Credit applied to each respective Investment Base at the end of the initial Term. Each Annual Lock ILO segment will receive a separate Annual Lock Credit applied to each respective Annual Lock Value at the end of each Annual Lock Period. The ILO Credit is applied before the deduction of charges for any optional riders. This means that any positive ILO Credit will be reduced by those charges, and any negative ILO Credit will be increased by those charges.

Example: Subsequent Purchase Payments (Assuming No Withdrawals) Initial payment (received 12/1/2024) = $100,000

Index Linked Option = 100% allocated to the S&P 500^® Cap Rate with 10% Buffer Starting Index Price (as of 12/1/2024) = 4,400

Segment 1 Investment Base = $100,000

Subsequent Payment (received 12/20/2024) = $25,000

Index Linked Option = 100% allocated to the S&P 500^® Cap Rate with 10% Buffer Starting Index Price (as of 12/20/2024) = 4,315

Segment 2 Investment Base = $25,000

For Subsequent Terms, all Contract Value allocated to same ILO will be combined into one segment and will receive the same starting Index Price determined on the Contract Anniversary that falls on the Term Start Date.

See INVESTING IN THE CONTRACT — INDEX-LINKED OPTION CREDIT FORMULA below for more information on how the Index Price is used to determine the Index Return and the ILO Credit.

RATE LOCK

Typically, we declare Guaranteed Rates for the Fixed Account and Crediting Strategy rates twice a month. Pacific Life reserves the right to declare rates more frequently. We will make the current interest rates and Crediting Strategy rates available online at www.pacificliferates.com. Information about current interest rates and Crediting Strategy rates for the ILOs is incorporated into this Prospectus by reference from www.pacificliferates.com. The initial Crediting Strategy rates (Cap Rates, Annual Lock Cap Rates, Performance Triggered Rates, Performance Mix with Participation Rates, Performance Mix with Participation Rates and Cap Rates, Tiered Participation Rates, and/or Tiered Participation Rates

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with Cap Rates) for the ILOs available under your Contract are applied on the Contract Issue Date and are guaranteed for the length of the initial Term, and the initial Guaranteed Rate for the Fixed Account Option is guaranteed for one Contract Year. The initial Guaranteed Rate and Crediting Strategy rates will also apply to all Subsequent Purchase Payments.

Rate Lock Guidelines

The initial interest rates and ILO Crediting Strategy rates applicable on the Contract Issue Date are determined as follows:

For paper applications, if the application with cash or transfer/exchange request is received In Proper Form at Pacific Life by the 14th calendar day after the date the application is signed (the “application-signed date”), the Contract will receive the higher of the interest rates and Crediting Strategy rates in effect on (1) the application-signed date, or (2) the Contract Issue Date.

For electronic applications, the same rules apply, except that the application-signed date will be the date the application is submitted by your financial professional to their respective office. If this date is not provided to us, we will use the date that Pacific Life receives the application.

If the application with cash or transfer/exchange request is not received by the 14th calendar day after the application-signed date, then the Contract will receive the interest rates and Crediting Strategy rates in effect on the Contract Issue Date.

For transfer/exchange requests, the initial Purchase Payment must be received within 60 days of the application receipt date for the rate lock to apply. If these conditions are not met, the Contract will receive the interest rates and Crediting Strategy rates in effect on the date the Contract is issued.

RIGHT TO CANCEL (“FREE LOOK”)

You may return your Contract for cancellation and a refund during your Free Look period. Your Free Look period is generally 10 calendar days beginning on the calendar day you receive your Contract, but may vary according to state law. See APPENDIX E: STATE VARIATIONS. If you return your Contract during the Free Look period, we reserve the right to prohibit you from purchasing another Pacific Life registered index-linked annuity (“RILA”) contract for 6 months. We also reserve the right to rescind the Contract if you purchased it within 6 months of exercising the Free Look provision under another Pacific Life RILA.

If you return your Contract and provide cancellation instructions, and it is post-marked during the Free Look period, it will be cancelled as of the Business Day we receive your Contract and cancellation instructions In Proper Form. The amount of your refund will generally be the Contract Value determined as of the date of cancellation, plus a refund of any fees or charges deducted. If you invested in the ILOs when you purchase the Contract, your refund amount will be the Interim Value. This means that you will be subject to the risk of loss during the Free Look period. You may contact us at our Service Center to obtain your Interim Value(s) for any ILO in which you are invested, although your Interim Value(s) may change by the time your Free Look cancellation is effective. See PRINCIPAL RISKS OF INVESTING IN THE CONTRACT — LIQUIDITY RISK and ACCESS TO YOUR MONEY. The amount of the refund may vary according to state law, plan type, and when the Free Look is requested. Please reach out to your financial professional for more details. Your refund amount may be subject to income tax consequences, which includes tax penalties, but will not be subject to surrender charges or an MVA. You should consult with a qualified tax advisor before cancelling your Contract for a refund.

In some states we are required to refund your Purchase Payments. If your Contract was issued in such a state and you cancel your Contract during the Free Look period, we will return the greater of your Purchase Payments (less any withdrawals made) or the Contract Value. In addition, if your Contract was issued as an IRA and you return your Contract within 7 calendar days after you receive it, we will return the greater of your Purchase Payments (less any withdrawals made) or the Contract Value, plus any amount that may have been deducted as Contract fees and charges.

State Variations may apply to your Contract. See APPENDIX E: STATE VARIATIONS.

If a Purchase Payment is made by check other than a cashier’s check, we may hold the check and the payment of any refund during the Free Look period may be delayed until we receive confirmation in our Service Center that your check has cleared. If you return your Contract and provide cancellation instructions and it is post-marked during the Free Look period, your Contract will be cancelled as of the Business Day we receive your Contract and cancellation instructions In Proper Form.

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For replacement business, the Free Look period may be extended and the amount returned (Purchase Payment versus Contract Value) may be different than for non-replacement business. Please consult with your financial professional if you have any questions regarding your state’s Free Look period and the amount of any refund. See ADDITIONAL INFORMATION — REPLACEMENT OF LIFE INSURANCE OR ANNUITIES.

INVESTING IN THE CONTRACT

ALLOCATING YOUR PURCHASE PAYMENTS

You may allocate your Purchase Payments and Contract Value among any of the available Interest Crediting Options, which include the ILOs and the Fixed Account Option. Allocations of your initial Purchase Payment to the Interest Crediting Options you select will be effective on your Contract Issue Date. Each Subsequent Purchase Payment will be allocated to the Interest Crediting Options according to the same allocation instructions as the initial Purchase Payment, and will receive the same ILO crediting rates. Transfers of Contract Value into a new ILO, or reallocations of Contract Value into the same ILO for a new Term are only permitted on the Term End Dates, which occur on a Contract Anniversary, by providing new allocation instructions to us. See TRANSFERS AND REALLOCATIONS for more information.

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INDEX-LINKED OPTION VALUE

Your ILO Value reflects the portion of your Contract Value attributable to the ILO(s) at any given time. You will have a separate ILO Value for each ILO in which you are invested. For the initial ILO Term, if you invest Subsequent Purchase Payments in the same ILO, each Purchase Payment will constitute a different segment in the ILO. Each segment will have a separate ILO Value in the same ILO Term. The performance of each segment will be tracked separately, and each segment will earn a separate ILO Credit on the initial ILO Term End Date.

Term Start Date. On the Term Start Date (which will be your Contract Issue Date for the initial Term), your ILO Value for a specific ILO is equal to your Investment Base. Your Investment Base is the initial investment allocated to the ILO on the Term Start Date after any applicable withdrawals or transfers. Each ILO you invest in will have a separate Investment Base for each Term. In the initial Term, each segment in the same ILO will each have a separate Investment Base. Your Investment Base in an ILO will not change for the remainder of the Term unless a transaction results in a withdrawal or surrender from that ILO, a death benefit is paid, or the Contract is annuitized. For more information about the Investment Base, including how the Investment Base is affected by withdrawals, please see CONTRACT VALUE; ACCESS TO YOUR MONEY; and FEES, CHARGES, AND ADJUSTMENTS — INTERIM VALUE ADJUSTMENT.

Term End Date. If you do not exercise the Performance Lock feature during the Term, then on the Term End Date, your Value in an ILO will be equal to the Investment Base plus or minus the ILO Credit determined on the Term End Date. In the initial Term, a separate ILO Credit will be determined for each segment in the same ILO, and will be added to or subtracted from the respective Investment Base.

Interim Value. On any Business Day during the Term after the Term Start Date and before the Term End Date, your ILO Value is equal to your Interim Value. Each ILO will have a separate Interim Value. In the initial Term, each segment in an ILO will have a separate Interim Value. The Interim Value is the amount in that ILO available for full surrenders (including Free Look surrenders), withdrawals (including RMDs, free withdrawal amounts, pre-authorized withdrawals, rider charges, and guaranteed withdrawal amounts under the GLWB Rider), death benefit payments, and annuitization during the Term. All of these transactions, if taken during the Term, will be based on Interim Value(s) and will trigger an Interim Value Calculation and Adjustment to your ILO Value. We calculate the Interim Value of your investment in each ILO at the end of each Business Day between the Term Start Date and the Term End Date. Your Interim Value fluctuates each Business Day independent of the value of your Investment Base in that ILO or your Annual Lock Value (if applicable). The Interim Value calculated could be less than your investment in the ILO even if the Index is performing positively, and may be less than the amount you would receive had you held the investment until the end of the Term. For Annual Lock ILOs, the Interim Value is distinct from the Annual Lock Value. The Annual Lock Value is not available to you. Your ILO Value is the Interim Value until the Term End Date. If you take a withdrawal from an Annual Lock ILO prior to the end of the Term, your withdrawal will be based on the Interim Value on the date of the withdrawal, and not the gains or losses locked-in for the completed Annual Lock Periods during the Term. The Interim Value calculated may be less than the Annual Lock Value at any point during the Term, even if the Index is performing positively. Any gains or losses reflected in your Annual Lock Value are not locked in or credited to your Investment Base until the Term End Date when the ILO Credit is applied. See INDEX-LINKED OPTION VALUE – Annual Lock Index-Linked Options for more information.

An Interim Value Calculation could cause you to lose a significant amount of money if amounts are withdrawn or surrendered from the ILOs before the end of a Term, or a death benefit is paid or the Contract is annuitized. Withdrawals from an ILO during the Term will reduce your Interim Value by the amount requested, and will cause an Interim Value Adjustment to your ILO Investment Base, Annual Lock Value (if applicable), and the death benefits, assuming the Contract is not annuitized or terminated. Such reduction could be greater than the dollar amount of the withdrawal. Any applicable surrender charge, MVA, taxes, and tax penalties will subsequently be deducted from the amount you receive from the withdrawal. The Interim Value Calculation and Adjustment could result in the loss of principal and previously-credited earnings in the Contract, and in extreme circumstances, such losses could be as high as 100%. You may contact us at our Service Center to obtain your Interim Value(s) for any ILO in which you are invested, although your Interim Value(s) may change by the time a transaction is executed. If you intend to take ongoing withdrawals or elect features with ongoing deductions, you should consult with a financial professional to discuss any potential adverse impact of such ongoing withdrawals and deductions and whether this Contract is appropriate for you. For more information about Interim Values and how withdrawals and other transactions based on Interim Values will affect your Contract, see FEES, CHARGES, AND ADJUSTMENTS — INTERIM VALUE ADJUSTMENT; CONTRACT VALUE; and ACCESS TO YOUR MONEY — EFFECT OF WITHDRAWALS AND SURRENDERS. See the SAI for detailed explanations and examples of how we calculate the Interim Value in various scenarios.

Performance Lock Feature. If you choose to exercise the Performance Lock feature for an ILO during a Term, your entire ILO Value (or segment in the ILO) will be “locked-in” at the Interim Value calculated at the end of the Business

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The starting and ending Index Prices are determined based on the following rules: for the starting Index Price in the initial Term, each Purchase Payment invested in the same ILO will constitute a different segment and will use the Index Price on the date the payment is received. For Subsequent Terms, all amounts allocated to an ILO Term will constitute one segment and the starting Index Price will be the Index Price on the Term Start Date, which will be a Contract Anniversary. If the Contract Anniversary is not a Business Day, the starting Index Price will be the Index Price of the most recent Business Day prior to the Contract Anniversary. The ending Index Price for all amounts in the initial Term and Subsequent Terms will be the Index Price determined on the Term End Date, which will be a Contract Anniversary. If the Contract Anniversary is not a Business Day, the ending Index Price will be the Index Price from the most recent Business Day prior to the Contract Anniversary.

Annual Lock. The Index Return for an Annual Lock ILO is calculated in the same manner as for a Point to Point ILO, except that we compare the Index Price at the beginning and end of each 1-year period during the Term to calculate a separate Index Return for each year during the Term. Each 1-year period ending on a Contract Anniversary during the Term is an “Annual Lock Period.” The Index Return for each Annual Lock Period is determined by comparing the Index Price at the start of each Annual Lock Period to the Index Price at the end of the Annual Lock Period using the formula above. See INDEX-LINKED OPTION VALUE – Annual Lock Index-Linked Options for more information.

Adjusted Index Return

After the Index Return is calculated, we next determine the Adjusted Index Return. The Adjusted Index Return is a percentage of interest determined at the end of each ILO Term or Annual Lock Period by applying the ILO Crediting Strategy, or the Protection Level, as applicable, to the Index Return. The Adjusted Index Return may be positive, negative or zero.

Point to Point. For Point to Point ILOs, the Adjusted Index Return is multiplied by the Investment Base (adjusted for any withdrawals) to yield the dollar value of the ILO Credit at the end of each ILO Term. The ILO Credit is then added to or subtracted from the Investment Base on the Term End Date to determine the ending ILO Value. The application of a negative Adjusted Index Return will result in a reduction of the Investment Base by the dollar amount of the ILO Credit. The application of a positive Adjusted Index Return will result in an increase to the Investment Base by the dollar amount of the ILO Credit.

ILO Credit = Investment Base x Adjusted Index Return

Example: Calculation of the ILO Credit (assuming no withdrawals)

Annual Lock. For 6-year Annual Lock ILOs, a separate Adjusted Index Return is determined at the end of each of the six Annual Lock Periods on the Contract Anniversary. The Adjusted Index Return for each Annual Lock Period is multiplied by the current Annual Lock Value to determine the Annual Lock Credit for that Annual Lock Period. The Annual Lock Credit, which may be positive, negative, or equal to zero, is added to or subtracted from the current Annual Lock Value to determine the new Annual Lock Value for the next Annual Lock Period. The Annual Lock Value is not available to you. Your ILO Value is the Interim Value until the Term End Date. If you take a withdrawal from an Annual Lock ILO prior to the end of the Term, your withdrawal will be based on the Interim Value on the date of the withdrawal, and not the gains or losses locked-in for the completed Annual Lock Periods during the Term. The Interim Value may be less than the Annual Lock Value even if the

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Index is performing positively. Any gains or losses reflected in your Annual Lock Value are not locked in or credited to your Investment Base until the Term End Date when the ILO Credit is applied. On the Term End Date, the ILO Credit is determined by subtracting the Investment Base from the final Annual Lock Value according to the formula below, and the ILO Credit is added to or subtracted from the Investment Base to determine the ending ILO Value.

ILO Credit = final Annual Lock Value – Investment Base

See “INDEX-LINKED OPTION VALUE – Annual Lock Index-Linked Options” below for more information and examples.

Crediting Strategies & Protection Levels

The Contract offers ILOs with one of the following Crediting Strategies and related Protection Level. Each Crediting Strategy and Protection Level is further explained below. Crediting Strategies and Protection Levels only apply on the Term End Date with the exception of Annual Lock ILOs, which apply the Crediting Strategy and Protections Level to determine the Annual Lock Value at the end of each Annual Lock Period. See APPENDIX A — INTEREST CREDITING OPTIONS AVAILABLE UNDER THE CONTRACT for more information about each of the available ILOs. The types of ILOs available under your Contract vary depending on the date your Contract was issued according to the following table. See APPENDIX A: INTEREST CREDITING OPTIONS AVAILABLE UNDER THE CONTRACT for more information.

Crediting Strategies

We will limit the positive Index Return used in calculating the Adjusted Index Return credited to an ILO through the use of the applicable Crediting Strategy. The Crediting Strategy is a method of determining how much positive interest, if any, will be credited to your ILO Investment Base or Annual Lock Value (if applicable). Each ILO will apply only one type of Crediting Strategy. The Crediting Strategy is applied to the Index Return to determine the positive Adjusted Index Return. Except for the Cap Rate with Dual Direction Buffer Crediting Strategy, Crediting Strategies are not applied if the Index Return is negative. The Contract offers ILOs with the following Crediting Strategies, as applicable: Cap Rate, Annual Lock Cap Rate, Performance Mix with Participation Rate, Performance Mix with Participation Rate and Cap Rate, Tiered Participation Rate, Tiered Participation Rate with Cap Rate, and Performance Triggered Rate.

See APPENDIX A: INTEREST CREDITING OPTIONS AVAILABLE UNDER THE CONTRACT for more information. Effective June 1, 2026, ILOs with a Performance Triggered Rate Crediting Strategy will no longer be available for Purchase Payments and future renewal allocations by new Contract Owners or allocations for renewal Terms by existing Contract Owners.

For multi-year ILOs (except for Annual Lock ILOs), the Crediting Strategy rates are applied on a Point to Point basis and are not annualized (except for the Annual Lock ILOs, which apply the Cap Rate to the Index Return each 1-year Annual Lock Period during the Term). This means that for multi-year Point to Point ILOs, the Crediting Strategies are applied to the Index Return for the entire Term, not on an annual basis.

The Crediting Strategy rates declared at the beginning of each Term are guaranteed for the length of the Term (including for

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Lock Period, upon which future gains (if any) will be calculated.

Withdrawals. Your ILO Value between the Term Start Date and the Term End Date of an Annual Lock Term is the Interim Value. If you take a withdrawal from an Annual Lock ILO prior to the end of the Term, your withdrawal will be based on the Interim Value on the date of the withdrawal, and not the gains or losses locked into your Annual Lock Value for the completed Annual Lock Periods during the Term. Withdrawals will reduce your Annual Lock Value for that Annual Lock Period and the Investment Base in the same proportion that the withdrawal reduces the Interim Value, which will result in a lower Annual Lock Value for the next Annual Lock Period. Withdrawals from the ILO taken before the end of an Annual Lock period could result in a greater loss or lower gain than would otherwise be provided at the end of the Annual Lock Period. Withdrawals from the ILO before the end of an Annual Lock Period may also significantly reduce any positive Annual Lock Credit applied at the end of the Annual Lock Period, and any positive ILO Credit applied at the end of the Term. You should consult with your financial professional about the appropriateness of taking withdrawals under the ILO before the end of a Term. Please see the example below, which illustrates the risk of taking withdrawals from an Annual Lock ILO.

Example: Calculation of Annual Lock Value (Assuming No Withdrawals)

● Investment Base: $100,000