Pacific Select Exec Separate Account of Pacific Life Insurance has made a significant update to its statutory prospectus, which is crucial for its variable universal life policies. This supplement, filed on October 21, 2026, outlines changes to the underlying funds associated with its policies. Such adjustments are essential as they can impact policyholders and the overall investment landscape.
Pacific Select Exec Separate Account operates under Pacific Life Insurance Company, which is known for providing various life insurance and annuity products. The company is based in Newport Beach, California, and is classified as an investment entity. Recent filings indicate that the company is actively managing its offerings to ensure they meet the evolving needs of its clients.
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 current expenses will be updated. This includes a change in the subadvisor for the Pacific Select Fund International Small-Cap, shifting from FIAM LLC to Wellington Management Company LLP. Such changes are intended to enhance fund performance and align with the company's strategic goals.
This update may affect policyholders who hold variable universal life policies, as the changes in underlying funds could influence their investment returns. Additionally, the broader investment industry may feel the impact as other companies assess their fund management strategies in response to these adjustments.
Details were not available in the SEC filing regarding future actions or additional filings related to these changes. However, the company encourages policyholders to review the updated prospectus and contact them for further information.