Pacific Select Executive Separate Account of Pacific Life Insurance has announced a significant update regarding its variable universal life policies. The company filed a supplement to its statutory prospectus on October 21, 2026, detailing changes that will affect policyholders. This announcement is crucial as it modifies underlying fund information and current expenses associated with the policies.
Pacific Select Executive Separate Account operates under the Pacific Life Insurance Company, a well-established entity in the investment sector. The company is incorporated in California and has a fiscal year ending on December 31. The recent filing, which is part of a series of updates, was made under the 1933 Act and is identified by the accession number 0001104659-26-117697.
The filing states, "The purpose of this supplement is to announce various underlying fund changes." Effective November 1, 2026, the appendix detailing funds available under the contract will be amended. This includes a change of the subadvisor for the Pacific Select Fund International Small-Cap from FIAM LLC to Wellington Management Company LLP. Additionally, the filing provides details about current expenses for various funds, which are essential for policyholders to understand their investment costs.
This update may impact current and potential policyholders of Pacific Select's variable universal life policies. As the company modifies its offerings, existing customers will need to review these changes to understand how they affect their policies. The insurance industry may also react to these amendments, as companies may need to adjust their products in response to Pacific Life's updates.
The filing does not specify what will happen next regarding further updates or additional filings, leaving policyholders and industry observers to monitor the situation closely.