Liquidation: PACIFIC SELECT EXEC SEPARATE ACCT PACIFIC LIFE INS

Form Type: 497

Filing Date: 2025-02-14

Corporate Action: Liquidation

Type: New

Accession Number: 000110465925013722

Filing Summary: This document serves as a supplement to the Statutory Prospectus dated May 1, 2024, for the M Vision Pacific Life SVUL flexible premium variable universal life insurance policy issued by Pacific Life Insurance Company. The supplement announces the liquidation of the Goldman Sachs VIT Multi-Strategy Alternatives Portfolio, which will take effect on April 11, 2025. All policy owners should be aware that allocations to this investment option will close as of April 7, 2025, preventing any new investments or transfers into this portfolio after that date. If any requests for allocations are received after the market closes on April 4, 2025, they will be rejected if no new instructions can be obtained. Upon liquidation, all funds allocated to this portfolio will be transitioned to the Fidelity VIP Government Money Market Investment Option at the close of trading on the Liquidation Date, without incurring tax liabilities associated with the transfer. Policy owners have the right to transfer funds from the Goldman Sachs VIT Multi-Strategy Alternatives Portfolio to other options without these transfers counting against annual limits until the liquidation. Any existing systematic transfers or allocations to the Goldman Sachs portfolio must be updated by the Liquidation Date to avoid automatic termination or redirection to the Fidelity portfolio.

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