Separate Account A of Pacific Life Insurance Co

05/08/2024 | Press release | Distributed by Public on 05/08/2024 14:44

Updating Summary Prospectus - Form 497VPU

Supplement dated May 8, 2024, to the Statutory Prospectus and Updating Summary Prospectus dated
May 1, 2024, for the Pacific Odyssey (Offered before October 1, 2013) individual flexible premium deferred
variable annuity contracts issued by Pacific Life Insurance Company

The purpose of this supplement is to update certain changes to fees, expenses, and examples. This supplement must be preceded or accompanied by the Updating Summary Prospectus, or the Statutory Prospectus, as applicable, (collectively, the "Prospectus") for your Contract, as supplemented. Capitalized terms used in this supplement are defined in your Prospectus unless otherwise defined herein. "We'', "us'', or "our" refer to Pacific Life Insurance Company; "you" or "your" refer to the Contract Owner. You can obtain a copy of the current Prospectus by contacting us at (800) 722-4448, or online at http://www.PacificLife.com/Prospectuses. Please retain this supplement for future reference.  

Effective May 1, 2024, the ANNUAL FEES table under IMPORTANT INFORMATION YOU SHOULD CONSIDER ABOUT THE CONTRACT will be deleted and replaced with the following:

ANNUAL FEES MINIMUM MAXIMUM
1. Base Contract 0.40%1 0.40%1
2. Investment Options (Fund fees and expenses) 0.28%2 2.21%2
3. Optional Benefits (for a single optional benefit, if elected) 0.20%3 1.90%3
Because your Contract is customizable, the choices you make affect how much you will pay. To help you understand the cost of owning your Contract, the following table shows the lowest and highest cost you could pay each year based on current charges.
Lowest Annual Cost: $642.66 Highest Annual Cost: $5,627.58

1 As a percentage of the average daily Variable Account Value. This percentage includes the Mortality and Expense Risk Charge and the Administrative Fee.

2 As a percentage of Fund net assets.

3 As a percentage of the Protected Base or Guaranteed Protection Amount (depending on the optional living benefits selected), and average daily Variable Account Value (for an optional death benefit).

Effective May 1, 2024, the Minimum and Maximum operating expense under Annual Fund Expenses and associated Examples will be deleted and replaced with the following:

Annual Fund Expenses

Minimum Maximum
Expenses that are deducted from fund assets, including management fees, distribution and/or service (12b-1) fees, and other expenses. 0.28% 2.21%

Examples

· If you surrendered or annuitized your Contract at the end of the applicable time period, or left your money in your Contract:
1 Year 3 Years 5 Years 10 Years
$8,778 $26,114 $43,147 $84,320

Form No. ODYSUP0524