Pacific Select Exec Separate Account of Pacific Life Insurance has made notable updates to its underlying funds, as detailed in a recent SEC filing. This change is significant for the company and its policyholders, particularly those involved with variable universal life policies. The adjustments aim to enhance fund performance and manage costs effectively, reflecting ongoing trends within the investment industry.
Background
Pacific Select Exec Separate Account of Pacific Life Insurance operates under the investment sector, focusing on providing variable universal life insurance products. The company is based in Newport Beach, California, and has been active in the market for several years. Recent filings show a series of updates on October 21, 2026, including multiple submissions of Form 497, which outlines changes to their investment offerings.
What the Filing Says
The SEC filing states, "The purpose of this supplement is to announce various underlying fund changes." Effective November 1, 2026, specific updates will take place regarding the underlying funds associated with the policies. Notably, the subadvisor for the Pacific Select Fund International Small-Cap will transition from FIAM LLC to Wellington Management Company LLP.
Impact
This update will primarily affect policyholders of the variable universal life policies issued by Pacific Life. Investors and clients who utilize these funds may experience changes in fund management and performance metrics. The adjustments are part of a broader strategy to optimize fund expenses and enhance overall investment returns.
What's Next
The filing does not specify what happens next beyond the announced changes. However, policyholders are encouraged to review the updated prospectus for detailed information on the new fund structures and management.