Pacific Select Executive Separate Account of Pacific Life Insurance has announced changes to its underlying funds within its variable universal life policies. This update is significant as it aims to enhance the value offered to policyholders.
The company, based in Newport Beach, California, operates under the Central Index Key 0000832908. It primarily focuses on investment products, particularly in the insurance sector. The recent filing, dated October 21, 2026, highlights the company's commitment to adapting its investment strategies to meet evolving market conditions.
The filing states, "The purpose of this supplement is to announce various underlying fund changes." Effective November 1, 2026, the underlying fund information related to the current expenses will be amended. Notably, the subadvisor for the Pacific Select Fund International Small-Cap will change from FIAM LLC to Wellington Management Company LLP.
This update may affect policyholders who have invested in the variable universal life policies offered by Pacific Life. The changes could lead to different performance outcomes based on the new fund management strategies.
The filing does not specify what happens next, but it indicates a proactive approach by Pacific Life to optimize its investment offerings.
Additional Fund Changes
In addition to the subadvisor change for the Pacific Select Fund International Small-Cap, the filing outlines modifications to the underlying fund expenses. The current expenses for the Pacific Select Fund Dividend Growth Portfolio Class P will also be detailed, with the new expense ratio listed as 0.83%.
Furthermore, the Invesco V.I. American Value Fund Series II, managed by Invesco Advisers, Inc., will have a current expense ratio of 1.01%. These adjustments are part of Pacific Life's strategy to ensure that the funds remain competitive and aligned with market conditions.
"To help limit Fund expenses, Fund advisers have contractually agreed to reduce investment advisory fees and/or otherwise reimburse certain of their Funds which reflect temporary fee reductions."
This proactive approach reflects Pacific Life's commitment to providing value to its policyholders and ensuring that the investment options available under its variable universal life policies are well-positioned for future performance.
Contact Information
Policyholders seeking more information about these changes can contact Pacific Life at (800) 347-7787 or (800) 748-6907 for New York contracts. Additionally, the updated prospectus can be accessed online at PacificLife.com/Prospectuses.