Pacific Select Exec Separate Account of Pacific Life Insurance has announced changes to its variable universal life policies through a recent filing. This update, dated October 21, 2026, includes significant adjustments to the underlying funds associated with these policies. Such changes are crucial as they can enhance the company's product offerings and potentially attract more policyholders.
Pacific Select Exec Separate Account is part of Pacific Life Insurance Company, which is incorporated in California. The company focuses on providing investment products and services to its clients. The recent filing is part of a series of updates, with multiple filings made on the same day, indicating a proactive approach to managing their investment offerings.
The filing states that the purpose of this supplement is to announce various underlying fund changes. It mentions that effective November 1, 2026, the underlying fund information related to current expenses will be amended. For instance, the subadvisor for the Pacific Select Fund International Small-Cap will change from FIAM LLC to Wellington Management Company LLP.
This update may affect existing policy owners and potential investors in variable universal life policies, as the changes could influence their investment strategies and outcomes. The adjustments highlight Pacific Life's commitment to maintaining competitive and relevant investment options in a dynamic market.
The filing does not specify what happens next, but it emphasizes the importance of reviewing the updated prospectus for more detailed information regarding these changes.