Variable Annuity Performance

These returns reflect performance of the underlying investment options from a sample Pacific Choice 2 (with contract value less than $500,000) variable annuity contract, first available on 7/18/22. In addition to the expenses for each investment option noted below (Net Exp Ratio %), the variable product has the following additional annual expenses: 0.85% mortality and expense risk charge (standard death benefit), 0.25% administrative charge, $50 contract fee (waived if net contract value > $50,000 on contract anniversary). Withdrawal charges and optional rider charges, if deducted, would further reduce performance. Your actual performance may vary. The inception date is when the fund became available from the investment manager and may predate when the investment option was available in the Pacific Life variable product. This performance is hypothetical assuming the investment option was available during the period. Assumptions: $1,000 allocated 100% to an investment option. Initial $100,000 contract used. 

All investment options and optional benefits may not be available at all firms, or with all products.

 - Eligible for an optional living benefit.

 - Additional eligible investment option available for Protected Investment Benefit

 - Eligible investment option for Investment Guard and Future Income Generator issued on or after 11/1/2023
 

For products without credit enhancements, the Fidelity VIP Government Money Market Portfolio is only available to California applicants Age 60 or older during the Right to Cancel "Free Look" period.

You could lose money by investing in the Fidelity VIP Government Money Market. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. An investment in the Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The Fund's sponsor has no legal obligation to provide financial support to the Fund, and you should not expect that the sponsor will provide financial support to the Fund at any time. The 7-day yield (Yld) is net of all recurring contract fees and charges, is prorated and more closely reflects the current earnings of the Fidelity VIP Government Money Market Portfolio than the total return.

Returns of less than one year are not annualized.

No bank guarantee

Not a deposit

Not FDIC/NCUA insured

May lose value

Not insured by any federal government agency

 

Returns are as of the last business day and do not reflect reinvestment of dividends or any applicable premium taxes. Please see accompanying information for returns as of the last business day in the prior quarter. Visit www.PacificLife.com/AnnuitiesPerformance for performance data current to the most recent month-end.

Standardized Performance-- Reflects the performance of the investment options within the variable annuity after the deduction of all product fees and withdrawal charges, including any surrender charge that would apply if you terminated the contract at the end of each period indicated. Optional rider charges are not deducted.

Nonstandardized Performance-- Reflects the performance of the investment options within the variable annuity after the deduction of product fees. Withdrawal and optional rider charges are not deducted.
 

These funds have a fee waiver that expire on April 28, 2026:
Janus Henderson VIT Flexible Bond Portfolio

These funds have a fee waiver that expire on April 29, 2026:
Fidelity VIP FundsManager 60% Portfolio

These funds have a fee waiver that expire on April 30, 2025:
American Century Value Portfolio
Avantis Balanced Allocation Portfolio
Avantis Small-Cap Value Portfolio
BlackRock Mid-Cap Equity Portfolio
Delaware Mid-Cap Growth Portfolio
FIAM LLC International Small-Cap Portfolio
FIAM LLC Large-Cap Growth Portfolio
FIAM LLC Technology Portfolio
Franklin Allocation VIP Fund
Franklin Income VIP Fund
Franklin Rising Dividends VIP Fund
Franklin/BlackRock Small-Cap Equity Portfolio
Invesco V.I. Balanced-Risk Allocation Fund
Invesco Oppenheimer V.I. International Growth Fund
JPMorgan Value Advantage Portfolio
Macquarie VIP Asset Strategy Series
Macquarie VIP Energy Series
MFS International Large-Cap Portfolio
MFS Total Return Series
MFS Utilities Series
PIMCO Managed Bond Portfolio
PIMCO VIT CommodityRealReturn Strategy Portfolio
PLFA ESG Diversified Portfolio
PLFA ESG Diversified Growth Portfolio
PLFA Pacific Dynamix Aggressive Growth Portfolio
PLFA Pacific Dynamix Conservative-Growth Portfolio
PLFA Pacific Dynamix Growth Portfolio
PLFA Pacific Dynamix Moderate-Growth Portfolio
Principal Emerging Markets Debt Portfolio
Principal Real Estate Portfolio
T. Rowe Price Dividend Growth Portfolio
Templeton Global Bond VIP Fund

These funds have a fee waiver that expire on May 1, 2025:

American Funds IS American High-Income Trust
American Funds IS Capital Income Builder Fund
American Funds IS Capital World Growth and Income Fund
American Funds IS Global Balanced Fund
American Funds IS Global Growth Fund
American Funds IS Global Small Capitalization Fund
American Funds IS Managed Risk Asset Allocation Fund
American Funds IS New World Fund
American Funds IS The Bond Fund of America
American Funds IS US Government Securities Fund
American Funds IS Washington Mutual Investors Fund
First Trust/Dorsey Wright Tactical Core Portfolio

These funds have a fee waiver that expire on June 30, 2025:
BlackRock Global Allocation V.I. Fund
BlackRock 60/40 Target Allocation ETF V.I. Fund  

These funds have a fee waiver that expire on April 30, 2026:
LVIP American Century Mid Cap Value

Investment Category is determined by Pacific Life and used to broadly organize funds into peer groups along asset class orientation (Alternative Strategies Portfolio, Asset Allocation/Balanced Portfolios, Non-U.S. Equity Portfolios, Non-U.S. Fixed Income Portfolios, U.S. Equity Portfolios, and U.S. Fixed Income Portfolios).

Pacific Life Insurance Company contracts Morningstar Inc., for a fee, as a third-party advisor. In this capacity, Morningstar independently provides performance metrics on the underlying investment options for Pacific Life. Pacific Life and its affiliates have not independently verified this information.

©2024 Morningstar, Inc. All Rights Reserved. The Morningstar Category information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

Annuities are long-term contract designed for retirement. All guarantees are subject to the claims-paying ability and financial strength of the issuing insurance company and do not protect the value of the variable investment options, which are subject to market risk.

This material must be preceded or accompanied by the product prospectus. Contact your financial professional or visit PacificLife.com for more information, including product and underlying fund prospectuses that contain more complete information about Pacific Life and a variable annuity's risks, charges, limitations, and expenses, as well as the risks, charges, expenses, and investment goals of the underlying investment options. Read them carefully before investing.

Pacific Life is a product provider. It is not a fiduciary and therefore does not give advice or make recommendations regarding insurance or investment products.

 

All investing involves risk, including the possible loss of the principal amount invested. The performance quoted represents past performance and does not guarantee future results; and current performance may be lower or higher than the performance quoted. The value of the variable investment options will fluctuate so that shares, when redeemed, may be worth more or less than the original cost. Please see the prospectus for a description of investment risks. For most recent month-end performance, please call (800) 722-2333 or click on the dropdown above.

Net fund expenses are as of the most recent fund prospectus (adjusted for any fee waivers/reimbursements). For more information, including the gross expense ratio, waivers, and/or expense reimbursements, see the applicable fund prospectus. Expenses are subject to change, and there is no guarantee that the investment advisors will continue to waive and/or reimburse fund fees beyond their current terms as outlined in each fund prospectus. In addition, please refer to the variable annuity product prospectus for additional product fees and charges.

Annuity withdrawals and other distributions of taxable amounts, including death benefit payouts, will be subject to ordinary income tax. For nonqualified contracts, an additional 3.8% federal tax may apply on net investment income. If withdrawals and other distributions are taken prior to age 59 1/2, an additional 10% federal income tax may apply. A withdrawal charge also may apply. Withdrawals will reduce the contract value and the value of the death benefit, and also may reduce the value of any benefits, including the guaranteed minimum withdrawal benefit. Taxes are due upon distribution of earnings.

Credit enhancements are not counted as purchase payments and are treated as additional earnings for tax purposes when distributed. These enhancements will be subject to market risk when invested in the variable investment options. In certain scenarios, the credit enhancement will be recaptured; see the prospectus for more information. Contracts with credit enhancements may have higher fees and expenses and longer surrender periods than contracts that do not provide credit enhancements.

Although some funds may have names or investment goals that resemble retail mutual funds managed by the same money manager, these funds may not have the same underlying holdings or performance as the retail mutual funds. Investment results may be higher or lower.

Pacific Life Fund Advisors LLC (PLFA), a wholly owned subsidiary of Pacific Life Insurance Company, is the investment adviser to the Pacific Select Fund (PSF). PLFA directly manages certain PSF funds-of-funds.

The Fidelity, the Fidelity Investments Logo, and FundsManager, are service marks of FMR LLC.

Russell® is a trademark of the London Stock Exchange Group plc and its companies ("LSE Group") and has been licensed for use by Pacific Select Fund (PSF). The LSE Group makes no claim, prediction, warranty or representation as to the results to be obtained from a PSF portfolio or to the content of this communication. The Statement of Additional Information of Pacific Select Fund contains additional information on the limited relationship between Russell/LSE Group and PSF.

The Invesco ® V.I. NASDAQ 100 Buffer Fund is not sponsored, endorsed, sold or promoted by the Nasdaq or its affiliates (Nasdaq, with its affiliates, are referred to as the "Corporations"). The Corporations have no liability in connection with the administration, marketing or trading of the Defined Outcome Funds. "Nasdaq®" is a registered trademark and is used under license.

The S&P 500® index is a product of S&P Dow Jones Indices LLC or its affiliates ("SPDJI") and has been licensed for use by Pacific Life Insurance Company. S&P ®, S&P 500 ®, US 500, The 500, iBoxx ®, iTraxx ®, and CDX ® are trademarks of S&P Global, Inc., or its affiliates ("S&"); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC ("Dow Jones "); and these trademarks have been licensed for use by SPDJI and sublicensed for certain purposes by Pacific Life Insurance Company. The product is not sponsored, endorsed, sold, or promoted by SPDJI, Dow Jones, S&P, their respective affiliates, and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of the S&P 500 ® index.

Prior to 12/1/2016 State Street Total Return V.I.S. Fund was named GE Investments Total Return Fund.

Prior to 5/1/2017 Wellington International Value Portfolio was named JPMorgan International Value Portfolio. QS Batterymarch has changed their name to QS Investors, consequently QS BM International Small Cap is now QS Investors International Small-Cap.

As of 5/1/2017 Neuberger Berman AMT Absolute Return Multi-Manager Portfolio will be renamed Neuberger Berman U.S. Equity Index PutWrite Strategy Portfolio.

Prior to May 30, 2017 Janus Henderson VIT Balanced Portfolio was named Janus Aspen Balanced Portfolio and Janus Henderson VIT Flexible Bond Portfolio was named Janus Aspen Flexible Bond Portfolio.

Prior to 11/1/2017 Barings Inflation Strategy was named Western Asset Management Inflation Strategy Portfolio. Due to this transition certain principal investment strategies and/or principal risks changed.

As of 3/29/2018 BlackRock iShares Equity Appreciation V.I. Fund and Dynamic Fixed Income V.I. Fund were liquidated and transferred to Fidelity VIP Government Money Market Portfolio.

As of 3/29/2018 Lord Abbett International Core Equity Portfolio VC was renamed Lord Abbett International Equity Portfolio VC.

As of 5/1/2018 Morgan Stanley Real Estate was renamed Principal Real Estate.

As of 5/1/2018 JPMorgan Long/Short Large-Cap was closed to new investors.

As of 6/29/2018 JPM Long/Short Large-Cap was merged into Oppenheimer Main Street Core.

As of 8/29/2018 BlackRock iShares Alternative Strategies V.I. Fund was liquidated and all remaining assets were transferred into the Fidelity VIP Government Money Market Portfolio.

As of 10/16/2018 UBS will be the sole subadvisor for the Currency Strategies Portfolio. MCG is no longer a subadvisor for the Currency Strategies Portfolio.

As of 3/15/2019 Eaton Vance Floating Rate Loan was liquidated and all remaining assets were transferred to Pacific Asset Management Floating Rate Income.

As of 5/1/2019 BlackRock iShares Dynamic Allocation V.I. Fund was renamed to BlackRock 60/40 Target Allocation ETF V.I. Fund.

As of 5/1/2019 Franklin Founding Funds Allocation VIP Fund was renamed to Franklin Allocation VIP Fund. Due to this transition certain principal investment strategies and/or principal risks have changed.

As of 5/1/2019 Neuberger Berman was added as co-subadvisor to the Currency Strategies Portfolio. The fund is now managed by Neuberger Berman and UBS.

As of 5/1/2019 Lord Abbett International Equity Portfolio was liquidated and the remaining assets were transferred into Fidelity VIP Government Money Market Portfolio.

As of 5/1/2019 Eaton Vance Global Absolute Return Portfolio was liquidated and the remaining assets were transferred into Fidelity VIP Government Money Market Portfolio.

As of 5/29/2019 Oppenheimer Emerging Markets was renamed Invesco Oppenheimer Emerging Markets.

As of 5/29/2019 Oppenheimer Global Fund/VA was renamed Invesco Oppenheimer V.I. Global Fund.

As of 5/29/2019 Oppenheimer International Growth Fund/VA was renamed Invesco Oppenheimer V.I. International Growth Fund.

As of 5/29/2019 Oppenheimer Main Street ® Core was renamed Invesco Oppenheimer Main Street ® Core.

As of 10/31/2019 Pacific Select Fund Diversified Alternatives Portfolio was liquidated and the remaining assets were transferred to the Fidelity VIP Government Money Market Portfolio.

As of 10/31/2019 AQR Equity Long/Short Portfolio was liquidated and the remaining assets were transferred to the Fidelity VIP Government Money Market Portfolio.

As of 5/1/2020 Barings Inflation Strategy Portfolio was liquidated and the remaining assets were transferred to the Fidelity VIP Government Money Market Portfolio.

As of 5/1/2020 UBS/Neuberger Berman Currency Strategies Portfolio was liquidated and the remaining assts were transferred to the Fidelity VIP Government Money Market Portfolio.

As of 5/1/2020 American Funds IS World Bond Fund was renamed American Funds IS Capital World Bond Fund.

As of 5/1/2020 MFS replaced Lord Abbett as the subadvisor for the Developing Growth Portfolio, and the portfolio was renamed Small-Cap Growth.

As of 6/1/2020 PIMCO VIT All Asset All Authority was liquidated, and the remaining assets were transferred to the PIMCO VIT All Asset Portfolio.

As of 11/2/2020 Cadence Capital International Equity Income Portfolio was liquidated, and the remaining assets were transferred to the Fidelity VIP Government Money Market Portfolio.

As of 11/2/2020 American Century replaced Invesco as the subadvisor for the Comstock Portfolio, and the portfolio was renamed Value Portfolio.

As of 5/1/2021 American Funds IS Blue Chip Income and Growth Fund was renamed American Funds IS Washington Mutual Investors Fund.

As of 5/1/2021 American Funds IS Global Growth and Income Fund was renamed American Funds IS Capital World Growth and Income Fund.

As of 5/1/2021 American Funds IS High-Income Bond Fund was renamed American Funds IS American High-Income Trust.

As of 5/1/2021 American Funds IS Bond Fund was renamed American Funds IS The Bond Fund of America.

As of 5/1/2021 American Funds IS U.S. Government/AAA-Rated Securities Fund was renamed American Funds IS U.S. Government Securities Fund.

As of 5/1/2021 VanEck VIP Global Hard Assets Fund will be renamed VanEck VIP Global Resources Fund.

As of 5/1/2021 Invesco Oppenheimer V.I. Global Fund will be renamed Invesco V.I. Global Fund.

As of 5/1/2021 Invesco Oppenheimer Emerging Markets Portfolio will be renamed Invesco Emerging Markets Portfolio.

As of 5/1/2021 Invesco Oppenheimer Main Street Core Portfolio will be renamed Invesco Main Street Core Portfolio.

As of 7/1/2021 Ivy Mid-Cap Growth Portfolio was renamed Delaware Mid-Cap Growth Portfolio.

As of 7/1/2021 Ivy VIP Energy was renamed Delaware Ivy VIP Energy.

As of 7/1/2021 Ivy VIP Asset Strategy was renamed Delaware Ivy VIP Asset Strategy.

As of 11/1/2021 FIAM LLC replaced QS Investors as subadvisor for the International Small-Cap Portfolio.

As of 11/1/2021 Principal replaced Ashmore as subadvisor for the Emerging Market Debt Portfolio.

As of 5/1/2022 JPMorgan replaced Invesco as the subadvisor for the Main Street Core portfolio, and the portfolio was renamed Large-Cap Core.

As of 11/1/2022 PLFA reallocated the underlying funds of the DFA Balanced Allocation Portfolio out of those managed by DFA and into mutual funds and exchange-traded funds managed by American Century and/or Avantis and renamed the portfolio the Avantis Balanced Allocation Portfolio.

As of 4/17/2023 Aristotle Pacific replaced Pacific Asset Management as the subadvisor for the High Yield Bond.

As of 4/17/2023 Aristotle Pacific replaced Pacific Asset Management as the subadvisor for the Core Income Portfolio.

As of 4/17/2023 Aristotle Pacific replaced Pacific Asset Management as the subadvisor for the Floating Rate Income Portfolio.

As of 5/1/2023 FIAM LLC replaced BlackRock as the subadvisor for the Large-Cap Growth Portfolio.

As of 5/1/2023 JPMorgan Insurance Trust Global Allocation is liquidated, and the remaining assets were transferred to the Fidelity VIP Government Money Market Portfolio.

As of 5/1/2023 JPMorgan Insurance Trust Income Builder is liquidated, and the remaining assets were transferred to the Fidelity VIP Government Money Market Portfolio.

As of 11/1/2023 Loomis Sayles replaced Western Asset Management as the subadvisor for the Diversified Bond Portfolio.

As of 11/1/2023 BlackRock replaced Scout Investments as the subadvisor for the Mid-Cap Equity Portfolio.

As of 5/1/2024 Avantis replaced AB as the subadvisor for the Small Cap Portfolio.

As of 5/1/2024 FIAM LLC replaced MFS as subadvisor for the Technology Portfolio.

As of 5/1/2024 American Century VP Mid Cap Value is renamed LVIP American Century Fund.

As of 5/1/2024 Delaware Ivy VP Asset Strategy is renamed Macquarie VIP Asset Strategy Series.

 As of 5/1/2024 Delaware Ivy VP Energy  is renamed Macquarie VIP Energy  Series.

As of 5/1/2024 Neuberger Berman AMT US Equity Index PutWrite Strategy was liquidated into the Fidelity VIP Government Money Market Portfolio.

As of 5/1/2024 First Trust Multi Income was liquidated into Franklin Income VIP.

As of 5/1/2024 ClearBridge Variable Aggressive Growth was liquidated into American Funds IS Growth.

As of 5/1/2024 PIMCO VIT All Asset was liquidated into Invesco Balanced Risk Asset Allocation.

As of 5/1/2024 PSF Mid Cap Growth was liquidated into American Funds IS Growth.

As of 5/1/2024 PSF PGIM Jennison Growth was liquidated into American Funds IS Growth.

As of 5/1/2024 PSF PGIM Jennison Value was liquidated and liquidated into American Funds IS Washington Mutual Investors.

As of 5/1/2024 State Street Total Return was liquidated into American Funds IS Asset Allocation.

As of 11/1/2024 PLFA replaced BlackRock as the subadvisor for the Mid-Cap Equity Portfolio, and the fund was renamed Mid-Cap Plus Bond Alpha Portfolio.

As of 11/1/2024 Putnam replaced American Century as the subadvisor for the Value Portfolio. 

All investment options may not be available at all firms.

Unless otherwise noted, all aforementioned fund managers/sub-advisors, their distributors, and affiliates are unaffiliated with Pacific Life and Pacific Select Distributors, LLC.

Inactive products are no longer available for new sales. Performance data is intended for in force contracts only. Pacific Choice Income (Contract Form Series: ICC20:10-1020), Pacific Choice 2 (Contract Form Series: ICC22:10-1352), Pacific Choice (Contract Form Series: ICC12:10-1252), Pacific Advisory Variable Annuity (Contract Form Series: ICC12:10-1225), Pacific Odyssey (Contract Form Series: 10-17800, 10-178OR), Pacific Destinations O-Series (ICC11:10-1212), Schwab Retirement Income Variable Annuity (ICC12:10-1225), Pacific Quest (ICC20:10-1025), Pacific Life Retirement Growth and Income Annuity (ICC22:10-1021).  State variations to contract form series and rider series may apply.

Investment Guard is named "Guaranteed Minimum Accumulation Benefit" in the contract rider (Rider Series ICC22:20-1356-A, ICC22:20-1356-B, ICC22:20-1357-A, ICC22:20-1357-B, ICC22:20-1358-A, ICC22:20-1358-B, ICC22:20-1359-A, ICC22:20-1359-B, ICC22:20-1360-A, ICC22:20-1360-B, ICC22:20-1361-A, ICC22:20-1361-B), Protected Investment Benefit is named "Guaranteed Minimum Accumulation Benefit" in the contract rider. (Rider Series: 20-1354, 20-1355, ICC20:20-1355). State variations to contract form series and rider series may apply.

Pacific Life refers to Pacific Life Insurance Company and its subsidiary Pacific Life & Annuity Company. Insurance products can be issued in all states, except New York, by Pacific Life Insurance Company and in all states by Pacific Life & Annuity Company. Product/material availability and features may vary by state. Each insurance company is solely responsible for the financial obligations accruing under the products it issues.

Insurance product and rider guarantees, including optional benefits and any fixed crediting rates or annuity payout rates, are backed by the financial strength and claims-paying ability of the issuing insurance company and do not protect the value of the variable investment options. They are not backed by the broker/dealer from which this annuity is purchased, by the insurance agency from which this annuity is purchased, or any affiliates of those entities, and none makes any representations or guarantees regarding the claims-paying ability of the issuing insurance company.

Variable insurance products are distributed by Pacific Select Distributors, LLC (member FINRA & SIPC), a subsidiary of Pacific Life Insurance Company and an affiliate of Pacific Life & Annuity Company.

The home office for Pacific Life & Annuity Company is located in Phoenix, Arizona. The home office for Pacific Life Insurance Company is located in Omaha, Nebraska.

02/24

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