Separate Account A of Pacific Life Insurance Co has made significant updates to its variable annuity contracts, as detailed in a recent filing. This change is crucial as it reflects adjustments in underlying fund management and expense structures, which could impact both current and prospective contract holders.
Pacific Life Insurance Co, known for its investment products and services, operates under the entity type of investment. The company has a history of providing various financial products, including variable annuities. The recent filing, dated October 21, 2026, is part of a series of submissions that highlight ongoing changes in the company’s offerings.
The filing states, "The purpose of this supplement is to announce various underlying fund changes." It also specifies that effective November 1, 2026, the underlying fund information related to the Current Expenses will be updated. This includes a change in the subadvisor for the Pacific Select Fund International Small-Cap Portfolio from FIAM LLC to Wellington Management Company LLP.
Additionally, the filing notes that as of September 14, 2026, Citigroup Global Markets, Inc. will no longer impose specific maximum issue age restrictions for contract issuance or the election of optional benefits. This change may broaden access to the company's variable annuity products for older clients.
These updates may affect current contract holders, potential investors, and financial advisors who work with Pacific Life's products. The changes in fund management and expense structures could lead to different performance outcomes for the variable annuities offered by the company.
Looking ahead, it remains unclear if there will be further filings or additional changes announced. The filing does not specify what happens next, leaving stakeholders to await further updates from Pacific Life.