Pacific Select Executive Separate Account of Pacific Life Insurance Company has announced a significant update to its statutory prospectus. The supplement, dated October 21, 2026, corrects the name of its variable universal life policy and provides updated information regarding its underlying funds. This move is vital for maintaining clarity and transparency for policyholders and potential investors.
The company, incorporated in California, operates under the investment company category. Its recent filings include multiple updates on October 21, 2026, all under the form type 497, indicating a focus on enhancing investor communications.
According to the filing, "The purpose of this supplement is to correct the Policy name used in prior prospectuses and to announce various underlying fund changes." The policy name correction from Pacific Harbor VUL to Pacific Select Harbor VUL does not affect the policy's benefits, features, charges, rights, or obligations.
As of November 1, 2026, the company will also update the underlying fund information related to current expenses in the appendix of the prospectus. This includes a change in the subadvisor for the Pacific Select Fund International Small-Cap from FIAM LLC to Wellington Management Company LLP, along with other fund adjustments.
This update may impact current policyholders and potential investors who rely on accurate and up-to-date information when making decisions about their insurance and investment options. The insurance industry, particularly in the variable life insurance sector, may need to take note of these changes as they reflect a broader trend toward transparency and accountability in financial products.
The filing does not specify what happens next regarding further updates or additional filings, but the company encourages policyholders to retain this supplement for future reference. For more information, policyholders can contact Pacific Life at (800) 347-7787 or visit their website.