Pacific Select Exec Separate Account of Pacific Life Insurance has made significant updates to its underlying funds, as detailed in a recent filing with the SEC. This change, effective November 1, 2026, is particularly relevant for holders of variable universal life policies.
The filing reveals that the underlying fund information related to the Current Expenses in the Appendix: Funds Available Under the Policy section has been revised. The adjustments include a change in the subadvisor for the Pacific Select Fund International Small-Cap portfolio, which will now be managed by Wellington Management Company LLP, replacing FIAM LLC.
Background
Pacific Select Exec Separate Account of Pacific Life Insurance, based in Newport Beach, California, operates as an investment company. The firm is known for providing variable universal life insurance products. The company has been active in the market, with multiple recent filings indicating ongoing adjustments and updates to its offerings.
What the Filing Says
The SEC filing, dated October 21, 2026, states, "The purpose of this supplement is to announce various underlying fund changes." It emphasizes the importance of reviewing the updated prospectus, which can be obtained by contacting the company or visiting their website.
Impact
This update is likely to affect policyholders who rely on the Pacific Select Exec Separate Account for their investment strategies. Changes in fund management and expenses can influence the overall performance of these policies, and policyholders may need to reassess their investment choices based on the new information.
What's Next
The filing does not specify what happens next, but policyholders are encouraged to stay informed about any further updates or changes that may arise as the effective date approaches.