Liquidation: SEPARATE ACCOUNT A OF PACIFIC LIFE INSURANCE CO
Form Type: 497
Filing Date: 2025-02-14
Corporate Action: Liquidation
Type: Update
Accession Number: 000110465925013727
Filing Summary: This supplement announces the liquidation of the Invesco Nasdaq 100 Buffer Funds, which include the Invesco V.I. Nasdaq 100 Buffer Fund – September, December, March, and June. Liquidation is scheduled for April 30, 2025, and Account Values will be transferred to the Fidelity VIP Government Money Market Portfolio on that date. The transfer will not incur tax liabilities nor count against annual transfer limits. New allocations to the funds will close for new contract owners on March 3, 2025, and for all contract owners on April 17, 2025. Updated information on underlying fund expenses has also been provided, effective February 3, 2025, with specific expense percentages listed for funds from The Vanguard Group.
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Additional details:
Fund Name: Invesco Nasdaq 100 Buffer Funds
Liquidation Date: 2025-04-30
Closure Date New Owners: 2025-03-03
Closure Date All Owners: 2025-04-17
Transfer Options: Transfers out of funds without tax implications or towards transfer limits
Form Type: 497
Filing Date: 2025-02-14
Corporate Action: Liquidation
Type: New
Accession Number: 000110465925013732
Filing Summary: This supplement announces the liquidation of several Invesco Nasdaq 100 Buffer Funds, effective April 30, 2025. These funds will be closing to new contract owners on March 3, 2025, and to all contract owners on April 17, 2025. Account Value in these funds will be automatically transferred to the Fidelity VIP Government Money Market Portfolio on the liquidation date. The document outlines changes in transfer rights and the potential implications for contract owners, including the absence of tax liability due to the liquidation. It emphasizes the importance of updating allocation instructions for participating in certain systematic transfer programs by the close of the New York Stock Exchange on April 16, 2025. Details regarding the rejection of death benefit claims and coordination with financial professionals are also included.
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Additional details:
Liquidation Date: 2025-04-30
Closure Date New Contract Owners: 2025-03-03
Closure Date All Contract Owners: 2025-04-17
Transfer To Portfolio: Fidelity VIP Government Money Market Portfolio
Account Value Transfer Status: No tax liability and no transfer fees
Form Type: 497
Filing Date: 2025-02-14
Corporate Action: Liquidation
Type: New
Accession Number: 000110465925013739
Filing Summary: This supplement announces various underlying Fund liquidations, specifically the Invesco Nasdaq 100 Buffer Funds, which are set to liquidate on or about April 30, 2025. The Invesco V.I. Nasdaq 100 Buffer Fund options will be closed to new allocations from new contract owners starting March 3, 2025, and closed to all contract owners by April 17, 2025. After the liquidation, any account value remaining allocated to these funds will be transferred to the Fidelity VIP Government Money Market Portfolio, and no tax liability will be incurred by the account owners due to this liquidation. Existing account owners must take action to avoid transfers that would allocate their funds to the Invesco Buffer Funds, as all references to these funds will be removed from the prospectus post-liquidation date. Additional instructions are provided for changes to allocation and investment options, as well as implications for death benefit claims related to these funds.
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Additional details:
Liquidation Date: 2025-04-30
Closure Date New Contract Owners: 2025-03-03
Closure Date All Contract Owners: 2025-04-17
New Allocation Instructions Due: 2025-04-16
Transfer Fee Info: No transfer fees or charges will apply for transfers out before liquidation.
Account Value Transfer Info: Account values will transfer based on net asset values without incurring tax liability.
Form Type: 497
Filing Date: 2025-02-14
Corporate Action: Liquidation
Type: New
Accession Number: 000110465925013745
Filing Summary: This Supplement announces the liquidation of several Invesco Nasdaq 100 Buffer Funds, specifically the Invesco V.I. Nasdaq 100 Buffer Fund – September, December, March, and June, effective April 30, 2025. The investment options will be closed to new contract owners on March 3, 2025, and to all contract owners on April 17, 2025. Funds remaining in the Invesco Nasdaq 100 Buffer Funds as of the liquidation date will be transferred to the Fidelity VIP Government Money Market Portfolio at the net asset values as of that date. This action will not incur tax liability for the affected accounts, and transfers during specified periods will not count towards transfer limits. Contract owners must manage their allocations to avoid liquidations and are advised to update any systematic transfer program instructions before the respective deadlines.
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Additional details:
Item Name: liquidation_date
Item Value: 2025-04-30
Item Name: closure_new_contract_owners_date
Item Value: 2025-03-03
Item Name: closure_all_contract_owners_date
Item Value: 2025-04-17
Item Name: transfers_to_fidelity_date
Item Value: 2025-04-30
Item Name: contact_information
Item Value: 800-722-4448
Form Type: 497
Filing Date: 2025-02-14
Corporate Action: Liquidation
Type: Update
Accession Number: 000110465925013751
Filing Summary: This document serves as a supplement dated February 14, 2025, to the prospectuses for various variable annuity contracts issued by Pacific Life Insurance Company. The main focus is the announcement of liquidations for several Invesco Nasdaq 100 Buffer Funds, which are scheduled to occur on or about April 30, 2025. Effective March 3, 2025, these funds will be closed to new allocations by contract owners, meaning that only existing contract owners can make additional investments until the liquidation date. After April 17, 2025, no new allocations for any contract owners will be permitted. On the liquidation date, any remaining account values allocated to these funds will be automatically transferred to the Fidelity VIP Government Money Market Portfolio without incurring any tax liability for the contract owners. Additionally, contract owners are permitted to transfer their account value to other options without it counting towards annual transfer limits until the liquidation date, and these funds will be removed from the prospectus afterward. Owners are encouraged to consult their financial professionals to evaluate their investment strategies before these changes take effect.
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Additional details:
Liquidation Date: 2025-04-30
Funds Liquidating: ["Invesco V.I. Nasdaq 100 Buffer Fund \u2013 September","Invesco V.I. Nasdaq 100 Buffer Fund \u2013 December","Invesco V.I. Nasdaq 100 Buffer Fund \u2013 March","Invesco V.I. Nasdaq 100 Buffer Fund \u2013 June"]
Closure Date New Contract Owners: 2025-03-03
Closure Date All Contract Owners: 2025-04-17
Transfers Without Fees: Yes
After Liquidation Transfers Without Fees: Yes
Form Type: 497VPI
Filing Date: 2025-02-14
Corporate Action: Liquidation
Type: Update
Accession Number: 000110465925013757
Filing Summary: This supplement is an update to the Statutory Prospectus for the Pacific Advisory Variable Annuity contracts, announcing the liquidation of the Invesco Nasdaq 100 Buffer Funds effective April 30, 2025. New allocations to these funds will be closed to new contract owners from March 3, 2025, and to all contract owners from April 17, 2025. Account Values allocated to these funds will automatically transfer to the Fidelity VIP Government Money Market Portfolio at the close of trading on the liquidation date, with no tax implications. The document outlines specific procedures for handling account values, including transfer rights and restrictions on purchase payments after specific dates. It also notes that references to the Invesco funds will be removed from the prospectus following the liquidation.
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Additional details:
Liquidation Date: 2025-04-30
Closed To New Contract Owners: 2025-03-03
Closed To All Contract Owners: 2025-04-17
Funds Liquidated: Invesco V.I. Nasdaq 100 Buffer Fund – September, Invesco V.I. Nasdaq 100 Buffer Fund – December, Invesco V.I. Nasdaq 100 Buffer Fund – March, Invesco V.I. Nasdaq 100 Buffer Fund – June
Form Type: 497VPI
Filing Date: 2025-02-14
Corporate Action: Liquidation
Type: Update
Accession Number: 000110465925013766
Filing Summary: This document serves as a supplement detailing the upcoming liquidations of various Invesco Nasdaq 100 Buffer Funds, which are scheduled to occur on or about April 30, 2025. It outlines that the Invesco V.I. Nasdaq 100 Buffer Fund Investment Options will be closed to new allocations starting March 3, 2025, and will close to all contract owners by April 17, 2025. All account values in the Invesco Nasdaq 100 Buffer Funds will be transferred to the Fidelity VIP Government Money Market Portfolio on the Liquidation Date. The document reassures holders that no tax liability will arise from this transfer and encourages contract owners to manage their account values accordingly before the Liquidation Date. The implications for existing contracts and additional services related to systematic transfer programs are also addressed, especially in relation to updated allocation instructions.
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Additional details:
Invesco Nasdaq Buffer Funds Liquidation Date: 2025-04-30
New Contract Owners Close Date: 2025-03-03
All Contract Owners Close Date: 2025-04-17
Transfer Without Tax Liability: true
Account Value Transfer After Liquidation: true
Form Type: 497VPI
Filing Date: 2025-02-14
Corporate Action: Liquidation
Type: Update
Accession Number: 000110465925013770
Filing Summary: This document serves as a supplement dated February 14, 2025, updating the Statutory Prospectus and notifying stakeholders of the impending liquidation of specific funds under the Invesco Nasdaq 100 Buffer Funds series. The scheduled liquidation date for these funds is April 30, 2025. As of March 3, 2025, new contract owners will be prohibited from making allocations into the affected funds, although existing owners may continue to make withdrawals. Furthermore, from April 17, 2025, all contract owners will be barred from allocating any Account Value to the funds. Any remaining Account Value in the funds on the Liquidation Date will automatically transfer to the Fidelity VIP Government Money Market Portfolio. This will not incur any tax liability for the contract owners, and these transfers will not count against the annual transfer limits. Stakeholders are encouraged to act before the deadlines to avoid complications associated with the liquidations.
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Additional details:
Liquidation Date: 2025-04-30
Closure Date New Contract Owners: 2025-03-03
Closure Date All Contract Owners: 2025-04-17
Transfer Post Liquidation: Fidelity VIP Government Money Market Portfolio
Tax Liability: none
Transfer Restrictions: none
Form Type: 497VPU
Filing Date: 2025-02-14
Corporate Action: Liquidation
Type: Update
Accession Number: 000110465925013772
Filing Summary: This supplement to the Statutory Prospectus, dated February 14, 2025, announces the liquidation of specific Invesco Nasdaq 100 Buffer Funds, effective April 30, 2025. The affected funds include the Invesco V.I. Nasdaq 100 Buffer Fund – September, December, March, and June. New contract owners will be prohibited from allocating to these funds starting March 3, 2025, with all contract owners facing restrictions from April 17, 2025. On the liquidation date, remaining account values will be transferred to the Fidelity VIP Government Money Market Portfolio without incurring tax liability or counting towards transfer limits. Deadlines for submitting transfer requests are specified, and individuals participating in systematic transfer programs must update their allocation instructions by April 16, 2025. Updates regarding current expenses for available funds are also included.
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Additional details:
Liquidation Fund Names: Invesco V.I. Nasdaq 100 Buffer Fund – September, Invesco V.I. Nasdaq 100 Buffer Fund – December, Invesco V.I. Nasdaq 100 Buffer Fund – March, Invesco V.I. Nasdaq 100 Buffer Fund – June
Liquidation Date: 2025-04-30
Closure Date New Contracts: 2025-03-03
Closure Date All Contracts: 2025-04-17
Transfer To: Fidelity VIP Government Money Market Portfolio
Account Value Transfer Conditions: No tax liability; equal value before and after liquidation
Form Type: 497VPU
Filing Date: 2025-02-14
Corporate Action: Liquidation
Type: Update
Accession Number: 000110465925013777
Filing Summary: This supplement, dated February 14, 2025, updates the statutory prospectus for the Pacific Odyssey, Pacific Choice Variable Annuity, and Pacific Choice 2 variable annuity contracts. It announces the liquidation of the Invesco Nasdaq 100 Buffer Funds, which is scheduled for April 30, 2025. The announcement specifies that accounts allocated to these funds will be transferred to the Fidelity VIP Government Money Market Portfolio upon liquidation, ensuring no tax liability for account owners. Effective March 3, 2025, new allocations to these funds will be closed to new contract owners, followed by a complete shutdown of allocations for all contract owners by April 17, 2025. It also details transfer rights and implications for systematic transfer programs, emphasizing the necessity for updated allocation instructions before the final liquidation date.
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Additional details:
Liquidation Date: 2025-04-30
Closure Date For New Contract Owners: 2025-03-03
Closure Date For All Contract Owners: 2025-04-17
Transfer To Portfolio: Fidelity VIP Government Money Market Portfolio
Form Type: 497VPU
Filing Date: 2025-02-14
Corporate Action: Liquidation
Type: Update
Accession Number: 000110465925013783
Filing Summary: This supplement serves to announce the impending liquidation of several Invesco Nasdaq 100 Buffer Funds, effective April 30, 2025. It delineates that as of this date, any Account Value remaining allocated to these funds will be transferred to the Fidelity VIP Government Money Market Portfolio. New contract owners will be restricted from making allocations to the funds starting March 3, 2025, while all contract owners will face a total closure to allocations on April 17, 2025. Contract owners will be able to continue making withdrawals until the Liquidation Date without incurring tax liabilities. Transfers from the funds to other investment options will not be counted toward annual transfer limits. The document also emphasizes the need for contract owners to update their allocation instructions to avoid automatic terminations of systematic transfer programs. Furthermore, it outlines the handling of death benefit claims related to these funds post the April 16, 2025 deadline.
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Additional details:
Liquidation Date: 2025-04-30
Closed To New Contract Owners Date: 2025-03-03
Closed To All Contract Owners Date: 2025-04-17
Transfer Rights Details: Contract owners may transfer out of the Invesco Nasdaq 100 Buffer Funds to other Investment Options without incurring transfer fees or counting toward transfer limits.
Implication Of Liquidation: No tax liability will occur due to the liquidation.
Funds Involved: Invesco V.I. Nasdaq 100 Buffer Fund – September, Invesco V.I. Nasdaq 100 Buffer Fund – December, Invesco V.I. Nasdaq 100 Buffer Fund – March, Invesco V.I. Nasdaq 100 Buffer Fund – June
Form Type: 497VPU
Filing Date: 2025-02-14
Corporate Action: Liquidation
Type: Update
Accession Number: 000110465925013787
Filing Summary: This document is a supplement dated February 14, 2025, detailing the liquidation of several Invesco Nasdaq 100 Buffer Funds effective April 30, 2025. It specifies that the funds will close to new allocations for contract owners on March 3, 2025, and will be completely closed on April 17, 2025. Account values in the funds on the liquidation date will be transferred to the Fidelity VIP Government Money Market Portfolio without incurring tax liabilities. Furthermore, contract owners can make withdrawals from the funds until the liquidation date and are given transfer rights without affecting annual transfer limits. The document also emphasizes that any allocation instructions related to the funds need to be updated before the cut-off dates.
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Additional details:
Liquidation Date: 2025-04-30
Closure New Contract Owners Date: 2025-03-03
Closure All Contract Owners Date: 2025-04-17
Transfer To: Fidelity VIP Government Money Market Portfolio
Transfer Limit Exception: none
Form Type: 497VPU
Filing Date: 2025-02-14
Corporate Action: Liquidation
Type: Update
Accession Number: 000110465925013789
Filing Summary: This supplement dated February 14, 2025, announces the liquidation of several Invesco Nasdaq 100 Buffer Funds effective April 30, 2025. The funds affected include the Invesco V.I. Nasdaq 100 Buffer Fund for September, December, March, and June. Investors are informed that these liquidations do not affect their contracts directly but outline the procedure for reallocating account values. From March 3, 2025, allocations to these funds will be closed to new contract owners, and effective April 17, 2025, all allocations will be restricted. Remaining account values in these funds will transfer to the Fidelity VIP Government Money Market Portfolio on the liquidation date, with no tax liabilities resulting from this transfer. The document emphasizes the need for contract owners to update their allocation instructions and highlights transfer rights and deadlines for liquidating assets from these funds, including extensions that allow transfers without penalty. Any existing automatic programs linked to these funds need updated instructions or face termination. Additionally, death benefit claims related to these funds may face restrictions if not properly submitted before the liquidation date.
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Additional details:
Funds Liquidated: Invesco V.I. Nasdaq 100 Buffer Fund – September
Funds Liquidated: Invesco V.I. Nasdaq 100 Buffer Fund – December
Funds Liquidated: Invesco V.I. Nasdaq 100 Buffer Fund – March
Funds Liquidated: Invesco V.I. Nasdaq 100 Buffer Fund – June
Liquidation Date: 2025-04-30
Closure To New Contract Owners Date: 2025-03-03
Closure To All Contract Owners Date: 2025-04-17
Transfer To Portfolio: Fidelity VIP Government Money Market Portfolio
Transfer Deadline: 2025-04-30
Death Benefit Claim Policy: Claims received after April 16, 2025, will be rejected if not in proper form.
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