Pacific Select Exec Separate Account of Pacific Life Insurance Company has announced important updates regarding its variable universal life policies. The company filed a supplement to its statutory prospectus on October 21, 2026, which will take effect on November 1, 2026. This update is significant as it includes various changes to the underlying fund information, which may affect policyholders and the broader insurance industry.
Pacific Select Exec Separate Account is part of Pacific Life Insurance Company, a well-established entity in the investment sector. The company, incorporated in California, focuses on providing a range of investment products. Its recent filings include multiple updates on October 21, 2026, indicating active management and adjustments to its offerings.
The filing states, "The purpose of this supplement is to announce various underlying fund changes." This supplement must be accompanied by the statutory prospectus for the policyholders. The changes outlined in the filing include the deletion and replacement of underlying fund information related to current expenses in the appendix of available funds.
These changes may impact policyholders who rely on the Pacific Select Exec Separate Account for their investment needs. Additionally, the transition of the subadvisor for the Pacific Select Fund International Small-Cap from FIAM LLC to Wellington Management Company LLP is a notable adjustment that could influence fund performance and strategy.
Looking ahead, the filing does not specify what happens next, but it indicates a proactive approach by Pacific Life in managing its investment offerings. Policyholders are encouraged to review the updated prospectus for detailed information regarding these changes.