<PAGE>
EXHIBIT 7.(d)
ILLUSTRATION 1
PACIFIC SELECT ESTATE PRESERVER IV - GPT (FORM 97-56)
FLEXIBLE PREMIUM VARIABLE LIFE INSURANCE
SECOND
SELECT NON-SMOKER FEMALE AGE 55
CLIENT PREMIUMS ALLOCATED TO VARIABLE ACCOUNT
SELECT NON-SMOKER MALE AGE 55 PRESENTED BY Pacific Life
Producer
SUMMARY PAGE
<TABLE>
<CAPTION>
---CURRENT POLICY CHARGES--- -----------------GUARANTEED POLICY CHARGES---------------
ASSUMING HYPOTHETICAL GROSS ASSUMING HYPOTHETICAL GROSS ASSUMING HYPOTHETICAL GROSS
ANNUAL INVESTMENT RETURN OF ANNUAL INVESTMENT RETURN OF ANNUAL INVESTMENT RETURN OF
-----6.00% (5.09% NET)----- -----0.00% (-0.86% NET)---- -----6.00% (5.09% NET)-----
NET NET NET NET NET NET
PREMIUMS ACCUM'D SURR'R DEATH ACCUM'D SURR'R DEATH ACCUM'D SURR'R DEATH
ANNUALIZED PLUS 5% VALUE VALUE BENEFIT VALUE VALUE BENEFIT VALUE VALUE BENEFIT
YEAR PREMIUM INTEREST (EOY) (EOY) (EOY) (EOY) (EOY) (EOY) (EOY) (EOY) (EOY)
==== ========== ========== ========== ========== ========== ======== ======= ========= ========= ========== ==========
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1 32,931 34,578 27,694 27,694 1,500,000 26,038 26,038 1,500,000 27,693 27,693 1,500,000
2 32,931 70,884 56,463 56,463 1,500,000 51,534 51,534 1,500,000 56,459 56,459 1,500,000
3 32,931 109,006 86,323 86,323 1,500,000 76,454 76,454 1,500,000 86,311 86,311 1,500,000
4 32,931 149,034 117,287 117,287 1,500,000 100,766 100,766 1,500,000 117,265 117,265 1,500,000
5 32,931 191,063 149,370 149,370 1,500,000 124,435 124,435 1,500,000 149,333 149,333 1,500,000
6 32,931 235,193 182,701 182,701 1,500,000 147,533 147,533 1,500,000 182,646 182,646 1,500,000
7 32,931 281,531 217,158 217,158 1,500,000 169,879 169,879 1,500,000 217,078 217,078 1,500,000
8 32,931 330,185 252,718 252,718 1,500,000 191,388 191,388 1,500,000 252,606 252,606 1,500,000
9 32,931 381,272 289,653 289,653 1,500,000 211,947 211,947 1,500,000 289,181 289,181 1,500,000
10 32,931 434,913 328,388 328,388 1,500,000 231,431 231,431 1,500,000 326,748 326,748 1,500,000
15 32,931 746,134 573,523 573,523 1,500,000 326,243 326,243 1,500,000 549,250 549,250 1,500,000
20 32,931 1,143,340 885,761 885,761 1,500,000 366,285 366,285 1,500,000 797,167 797,167 1,500,000
25 32,931 1,650,286 1,292,527 1,292,527 1,500,000 286,581 286,581 1,500,000 1,080,424 1,080,424 1,500,000
30 32,931 2,297,293 1,816,295 1,816,295 1,907,110 0## 0## 0## 1,459,957 1,459,957 1,532,955
35 32,931 3,123,055 2,471,978 2,471,978 2.595,577 0## 0## 0## 1,968,620 1,968,620 2,067,052
</TABLE>
## ADDITIONAL PREMIUM PAYMENTS REQUIRED TO MAINTAIN REQUESTED BENEFITS.
ALL VALUES EXCEPT PREMIUMS, LOANS, LOAN INTEREST AND WITHDRAWALS ARE VALUES AT
THE END OF THE POLICY YEAR. THE 'NET SURRENDER VALUE' IS EQUAL TO THE
ACCUMULATED VALUE, LESS ANY POLICY DEBT AND LESS ANY SURRENDER CHARGES. THE 'NET
DEATH BENEFIT' IS THE POLICY DEATH BENEFIT LESS ANY POLICY DEBT.
THE PREMIUM MODE ASSUMED IN THIS ILLUSTRATION IS ANNUAL.
SUMMARY PAGES
THIS ILLUSTRATION SHOWS HOW THE PERFORMANCE OF THE UNDERLYING VARIABLE
INVESTMENT OPTIONS COULD AFFECT THE POLICY VALUES AND DEATH BENEFIT. THE
INFORMATION IS HYPOTHETICAL AND MAY NOT BE USED TO PREDICT INVESTMENT RESULTS.
PLEASE REFER TO THE SUMMARY PAGE FOR A FULL EXPLANATION OF FEES AND EXPENSES.
PACIFIC LIFE INSURANCE COMPANY
THIS ILLUSTRATION IS NOT VALID UNLESS PRESENTED WITH SUMMARY PAGES
VERSION TIME GPT - NONGI DATE PAGE OF
<PAGE>
PACIFIC SELECT ESTATE PRESERVER IV - GPT (FORM 97-56)
FLEXIBLE PREMIUM VARIABLE LIFE INSURANCE
SECOND
SELECT NON-SMOKER FEMALE AGE 55
CLIENT PREMIUMS ALLOCATED TO VARIABLE ACCOUNT
SELECT NON-SMOKER MALE AGE 55 PRESENTED BY Pacific Life
Producer
ANY LOANS OR WITHDRAWALS ILLUSTRATED ARE BASED ON CURRENT POLICY CHARGE
ASSUMPTIONS AND MIGHT NOT BE AVAILABLE UNDER GUARANTEED POLICY CHARGE
ASSUMPTIONS.
THIS ILLUSTRATION SHOWS A POLICY LOAN. THE LOAN IS AUTOMATICALLY REPAID FROM THE
GROSS DEATH BENEFIT AT THE DEATH OF THE INSURED, RESULTING IN THE ESTIMATED
PAYMENT TO THE BENEFICIARY OF THE NET DEATH BENEFIT ILLUSTRATED. UPON LAPSE OR
SURRENDER, THE LOAN IS AUTOMATICALLY REPAID, RESULTING IN THE ESTIMATED PAYMENT
TO THE POLICYOWNER OF THE NET SURRENDER AMOUNT. THE AUTOMATIC REPAYMENT OF THE
LOAN DURING A LAPSE OR SURRENDER WILL CAUSE THE RECOGNITION OF TAXABLE INCOME,
TO THE EXTENT THAT THE NET SURRENDER VALUE PLUS THE AMOUNT OF THE REPAID LOAN
EXCEEDS THE POLICY OWNER'S BASIS IN THE POLICY.
THE POLICY WILL LAPSE IF THE ACCUMULATED VALUE LESS POLICY DEBT IS INSUFFICIENT
TO COVER THE CURRENT MONTHLY DEDUCTION ON ANY MONTHLY PAYMENT DATE, AND A GRACE
PERIOD EXPIRES WITHOUT THE POLICY OWNER MAKING A SUFFICIENT PAYMENT. IF THE
POLICY IS INSUFFICIENTLY FUNDED IN RELATION TO THE INCOME STREAM FROM THE
POLICY, THE POLICY CAN LAPSE PREMATURELY AND RESULT IN A SIGNIFICANT INCOME TAX
LIABILITY TO THE OWNER IN THE YEAR IN WHICH THE LAPSE OCCURS.
A POLICY OWNER SHOULD BE CAREFUL TO STRUCTURE A POLICY SO THAT THE POLICY WILL
NOT LAPSE PREMATURELY UNDER VARIOUS MARKET SCENARIOS AS A RESULT OF WITHDRAWALS
AND/OR LOANS TAKEN FROM THE POLICY. THE POLICY OWNER SHOULD ALSO REQUEST AT
LEAST ANNUALLY A REVISED ILLUSTRATION THAT REFLECTS CURRENT POLICY VALUES TO
ASSURE THAT THE POLICY IS SUFFICIENTLY FUNDED TO SUPPORT A DESIRED INCOME
STREAM, IF ANY.
INITIAL GUIDELINE SINGLE PREMIUM: $344,370.18
INITIAL GUIDELINE LEVEL PREMIUM: $32,931.22
INITIAL SEVEN PAY PREMIUM: $79,505.41
THIS IS AN ILLUSTRATION AND NOT A CONTRACT. ALTHOUGH THE INFORMATION CONTAINED
IN THIS ILLUSTRATION IS BASED ON CERTAIN TAX AND LEGAL ASSUMPTIONS, IT IS NOT
INTENDED TO BE TAX OR LEGAL ADVICE. SUCH ADVICE SHOULD BE OBTAINED FROM
APPLICANT'S OWN COUNSEL OR OTHER ADVISOR.
THIS ILLUSTRATION MUST BE PRECEDED OR ACCOMPANIED BY THE CURRENT PROSPECTUSES
FOR THE SEPARATE ACCOUNT AND THE FUND. READ THE PROSPECTUSES CAREFULLY BEFORE
INVESTING OR SENDING MONEY.
---ASSUMED TAX BRACKET---
START END AMOUNT
1 35 31.00
THE CURRENT POLICY CHARGES AND COST OF INSURANCE RATES ARE SUBJECT TO CHANGE.
POLICY VALUES WILL VARY FROM THOSE ILLUSTRATED IF ACTUAL RATES DIFFER FROM THOSE
ASSUMED. CURRENT COST OF INSURANCE RATES ARE NOT DEPENDENT UPON FUTURE
IMPROVEMENTS IN UNDERLYING MORTALITY.
VALUES ILLUSTRATED UNDER THE GUARANTEED POLICY CHARGE COLUMNS ASSUME MAXIMUM
COST OF INSURANCE RATES. CURRENT COST OF INSURANCE RATES FOR THE BASE COVERAGE
ARE GUARANTEED FOR THE FIRST 5 YEARS.
HYPOTHETICAL FUTURE VALUES ARE BASED ON CURRENT COST OF INSURANCE RATES AND
HYPOTHETICAL GROSS EARNINGS RATE ASSUMPTIONS AS DESCRIBED BELOW.
THIS ILLUSTRATION ASSUMES THAT ALL PREMIUMS HAVE BEEN ALLOCATED TO THE VARIABLE
ACCOUNTS. THE HYPOTHETICAL RATES OF RETURN AND VALUES SHOWN ARE ILLUSTRATIVE
ONLY AND SHOULD NOT BE DEEMED AS A REPRESENTATION OF PAST OR FUTURE INVESTMENT
RESULTS. THE ILLUSTRATED POLICY VALUES MIGHT NOT BE ACHIEVED IF ACTUAL RATES OF
RETURN OR POLICY CHARGES DIFFER FROM THOSE ASSUMED. ACTUAL RATES OF RETURN MAY
BE MORE OR LESS THAN THOSE SHOWN AND WILL DEPEND ON A NUMBER OF FACTORS
INCLUDING THE INVESTMENT ALLOCATIONS MADE TO THE VARIABLE ACCOUNTS BY AN OWNER
AND THE EXPERIENCE OF THE ACCOUNTS. NO REPRESENTATION CAN BE MADE BY PACIFIC
LIFE, THE SEPARATE ACCOUNT, OR THE FUND THAT THESE HYPOTHETICAL RATES OF RETURN
CAN BE ACHIEVED FOR ANY ONE YEAR OR SUSTAINED OVER ANY PERIOD OF TIME.
SUMMARY PAGES
THIS ILLUSTRATION SHOWS HOW THE PERFORMANCE OF THE UNDERLYING VARIABLE
INVESTMENT OPTIONS COULD AFFECT THE POLICY VALUES AND DEATH BENEFIT. THE
INFORMATION IS HYPOTHETICAL AND MAY NOT BE USED TO PREDICT INVESTMENT RESULTS.
PLEASE REFER TO THE SUMMARY PAGE FOR A FULL EXPLANATION OF FEES AND EXPENSES.
PACIFIC LIFE INSURANCE COMPANY
THIS ILLUSTRATION IS NOT VALID UNLESS PRESENTED WITH SUMMARY PAGES
VERSION TIME GPT - NONGI DATE PAGE OF
<PAGE>
PACIFIC SELECT ESTATE PRESERVER IV - GPT (FORM 97-56)
FLEXIBLE PREMIUM VARIABLE LIFE INSURANCE
SECOND
SELECT NON-SMOKER FEMALE AGE 55
CLIENT PREMIUMS ALLOCATED TO VARIABLE ACCOUNT
SELECT NON-SMOKER MALE AGE 55 PRESENTED BY Pacific Life
Producer
YOU HAVE REQUESTED THAT THIS ILLUSTRATION REFLECT YOUR SELECTION OF UNDERLYING
PORTFOLIOS. THE AMOUNTS SHOWN FOR THE DEATH BENEFITS, ACCUMULATED VALUES AND
CASH SURRENDER VALUES IN THIS ILLUSTRATION REFLECT YOUR SELECTION OF UNDERLYING
PORTFOLIOS AND ACTUAL FUND EXPENSES (EXCLUDING ANY FOREIGN TAXES) INCURRED BY
THE PORTFOLIOS FOR THE YEAR ENDING DECEMBER 31, 1999.
UNDERLYING PORTFOLIOS
<TABLE>
<CAPTION>
Investment
Advisory Other
Portfolio Fee Expenses
--------------------------------------------------
<S> <C> <C>
Money Market 0.35% 0.04%
Managed Bond 0.60% 0.05%
Government Securities 0.60% 0.06%
High Yield 0.60% 0.05%
Small-Cap Equity 0.65% 0.05%
Equity Income 0.65% 0.05%
Multi-Strategy 0.65% 0.05%
International Value 0.85% 0.16%
Equity Index 0.25% 0.04%
Growth LT 0.75% 0.04%
Equity 0.65% 0.04%
Aggressive Equity 0.80% 0.05%
Emerging Markets 1.10% 0.31%
Small-Cap Index 0.50% 0.25%
Mid-Cap Value 0.85% 0.12%
Large-Cap Value 0.85% 0.12%
REIT 1.10% 0.18%
Diversified Research 0.90% 0.05%
International Large-Cap 1.05% 0.15%
I-Net Tollkeeper 1.50% 0.15%
</TABLE>
YOU HAVE SELECTED ALLOCATIONS IN THE UNDERLYING PORTFOLIOS AS STATED ABOVE. THE
AVERAGE ANNUAL EXPENSES WEIGHTED ACCORDING TO YOUR ALLOCATION PERCENTAGES ARE
EQUIVALENT TO AN ANNUAL RATE OF 0.76% FOR INVESTMENT ADVISORY FEES AND 0.10% FOR
OPERATING EXPENSES (AFTER ANY OFFSET FOR CUSTODIAN CREDITS AND EXCLUDING ANY
FOREIGN TAXES) WHICH AMOUNTS TO A TOTAL OF 0.86%. THE OPERATING EXPENSES FOR
THE DIVERSIFIED RESEARCH, INTERNATIONAL LARGE-CAP AND I-NET TOLLKEEPER ARE
ESTIMATED. THE SMALL-CAP EQUITY PORTFOLIO WAS FORMERLY CALLED THE GROWTH
PORTFOLIO. THE INTERNATIONAL VALUE PORTFOLIO WAS FORMERLY CALLED THE
INTERNATIONAL PORTFOLIO. THIS ILLUSTRATION ASSUMES THAT THE ABOVE ALLOCATIONS
REMAIN UNCHANGED. IF YOU CHANGE YOUR ALLOCATIONS, WE RECOMMEND THAT YOU REQUEST
AN ILLUSTRATION REFLECTING THE NEW ALLOCATIONS.
THE AVERAGE ANNUAL EXPENSES FOR ALL AVAILABLE UNDERLYING PORTFOLIOS FOR THE
YEAR ENDING DECEMBER 31, 1999 ARE EQUIVALENT TO AN ANNUAL RATE OF 0.76% FOR
INVESTMENT ADVISORY FEES AND 0.10% FOR OPERATING EXPENSES (AFTER ANY OFFSET
FOR CUSTODIAN CREDITS AND EXCLUDING ANY FOREIGN TAXES) WHICH AMOUNTS TO A
TOTAL OF 0.86%.
THIS ILLUSTRATION SHOWS HOW THE PERFORMANCE OF THE UNDERLYING VARIABLE
INVESTMENT OPTIONS COULD AFFECT THE POLICY VALUES AND DEATH BENEFIT. THE
INFORMATION IS HYPOTHETICAL AND MAY NOT BE USED TO PREDICT INVESTMENT RESULTS.
PLEASE REFER TO THE SUMMARY PAGE FOR A FULL EXPLANATION OF FEES AND EXPENSES.
PACIFIC LIFE INSURANCE COMPANY
THIS ILLUSTRATION IS NOT VALID UNLESS PRESENTED WITH SUMMARY PAGES
VERSION MS7.33 - 3.31 01:20PM GPT - NONGI 3-1-2000 PAGE OF
<PAGE>
PACIFIC SELECT ESTATE PRESERVER EXEC IV - GPT (FORM 97-56)
FLEXIBLE PREMIUM VARIABLE LIFE INSURANCE
SECOND
SELECT NON-SMOKER FEMALE AGE 55
CLIENT PREMIUMS ALLOCATED TO VARIABLE ACCOUNT
SELECT NON-SMOKER MALE AGE 55 PRESENTED BY Pacific Life
Producer
THE HYPOTHETICAL GROSS ANNUAL EARNINGS RATE ASSUMPTION IS AFTER BROKERAGE
EXPENSES AND ANY FOREIGN TAXES. A PORTFOLIO'S FOREIGN INVESTMENTS MAY BE SUBJECT
TO FOREIGN TAXES. FOREIGN TAXES FROM INTEREST AND DIVIDEND INCOME ARE TREATED AS
A DEDUCTION FROM RELEVANT INCOME FOR ACCOUNTING PURPOSES RATHER THAN AS AN
EXPENSE.
THE AMOUNTS SHOWN FOR THE DEATH BENEFITS, ACCUMULATED VALUES AND CASH SURRENDER
VALUES REFLECT THE FACT THAT THE NET INVESTMENT RETURN ON THE VARIABLE ACCOUNTS
IS LOWER THAN THE GROSS RETURN ON THE ASSETS AS A RESULT OF CHARGES LEVIED
AGAINST THE ACCOUNTS.
AFTER DEDUCTION OF THESE AMOUNTS, HYPOTHETICAL ILLUSTRATED GROSS ANNUAL
INVESTMENT RETURNS OF 0.00% AND 6.00% CORRESPOND TO APPROXIMATE NET ANNUAL RATES
OF RETURN OF -0.87% AND 5.08% RESPECTIVELY.
NO CHARGE IS CURRENTLY IMPOSED UPON A TRANSFER OF ACCUMULATED VALUE BETWEEN
ACCOUNTS. HOWEVER, PACIFIC LIFE MAY ASSESS SUCH A CHARGE AT A FUTURE DATE
INTEREST IS CHARGED ON POLICY LOANS AT AN EFFECTIVE ANNUAL RATE OF 3.25% IN
ARREARS. INTEREST IS CREDITED TO THE PORTION OF THE ACCUMULATED VALUE SECURING
THE POLICY LOAN AT AN EFFECTIVE ANNUAL RATE OF 3.00%
POLICY LOANS AND/OR WITHDRAWALS MAY HAVE AN ADVERSE EFFECT ON THE POLICY OWNER'S
BENEFITS.
---DEATH BENEFIT OPTION---
START END OPTION
1 35 LEVEL
---BASE POLICY FACE AMOUNT---
START END AMOUNT
1 35 1,500,000
FUTURE ACTION REQUIRED BY POLICY OWNER
If you want to change the premium amount that you are billed, you must request
the change in writing.
THIS ILLUSTRATION SHOWS HOW THE PERFORMANCE OF THE UNDERLYING VARIABLE
INVESTMENT OPTIONS COULD AFFECT THE POLICY VALUES AND DEATH BENEFIT. THE
INFORMATION IS HYPOTHETICAL AND MAY NOT BE USED TO PREDICT INVESTMENT RESULTS.
PLEASE REFER TO THE SUMMARY PAGE FOR A FULL EXPLANATION OF FEES AND EXPENSES.
PACIFIC LIFE INSURANCE COMPANY
THIS ILLUSTRATION IS NOT VALID UNLESS PRESENTED WITH SUMMARY PAGES
VERSION TIME GPT - NONGI DATE PAGE OF
<PAGE>
PACIFIC SELECT ESTATE PRESERVER IV - GPT (FORM 97-56)
FLEXIBLE PREMIUM VARIABLE LIFE INSURANCE
SECOND
SELECT NON-SMOKER FEMALE AGE 55
CLIENT PREMIUMS ALLOCATED TO VARIABLE ACCOUNT
SELECT NON-SMOKER MALE AGE 55 PRESENTED BY Pacific Life
Producer
DECREASES IN ART RIDER AMOUNTS MUST BE REQUESTED AT THE TIME OF THE DECREASE.
WHEN THE DEATH BENEFIT IS GREATER THAN THE FACE AMOUNT DUE TO ACCUMULATED VALUE
GROWTH, PAYMENT OF ADDITIONAL PREMIUM WILL BE SUBJECT TO APPROVAL.
UNDER CURRENT FEDERAL TAX LAW, THIS POLICY WILL QUALIFY AS LIFE INSURANCE ONLY
IF THE SUM OF PREMIUMS PAID AT ANY TIME DOES NOT EXCEED THE GREATER OF THE
GUIDELINE SINGLE PREMIUM OR THE SUM OF THE GUIDELINE LEVEL PREMIUMS AT SUCH
TIME. THE GUIDELINE PREMIUMS WILL CHANGE WHENEVER THERE IS A CHANGE IN THE FACE
AMOUNT OF INSURANCE OR IN OTHER POLICY BENEFITS
BASED ON OUR UNDERSTANDING OF THE INTERNAL REVENUE CODE AND THE ASSUMPTIONS IN
THIS ILLUSTRATION, THIS POLICY WOULD NOT BECOME A MODIFIED ENDOWMENT CONTRACT
(MEC). THE FEDERAL INCOME TAX CONSEQUENCES OF A MEC CAN BE SIGNIFICANT.
CONSULT YOUR TAX ADVISOR FOR FURTHER DETAILS.
ALL VALUES ASSUME PREMIUMS AND LOAN INTEREST ARE PAID WHEN DUE. IF A PAYMENT IS
RECEIVED WITHOUT BEING DESIGNATED AS A PREMIUM PAYMENT OR LOAN PAYMENT, AND
THERE IS AN OUTSTANDING LOAN, THE PAYMENT WILL BE APPLIED AS A LOAN PAYMENT.
THIS ILLUSTRATION WAS PREPARED FOR PRESENTATION IN THE STATE OF CALIFORNIA.
PACIFIC SELECT ESTATE PRESERVER IV IS DISTRIBUTED BY
Pacific Select Distributors, Inc., (formerly known as Pacific Mutual
Distributors, Inc.)
MEMBER NASD & SIPC, A SUBSIDIARY OF PACIFIC LIFE
THIS ILLUSTRATION SHOWS HOW THE PERFORMANCE OF THE UNDERLYING VARIABLE
INVESTMENT OPTIONS COULD AFFECT THE POLICY VALUES AND DEATH BENEFIT. THE
INFORMATION IS HYPOTHETICAL AND MAY NOT BE USED TO PREDICT INVESTMENT RESULTS.
PLEASE REFER TO THE SUMMARY PAGE FOR A FULL EXPLANATION OF FEES AND EXPENSES.
PACIFIC LIFE INSURANCE COMPANY
THIS ILLUSTRATION IS NOT VALID UNLESS PRESENTED WITH SUMMARY PAGES
VERSION TIME GPT - NONGI DATE PAGE OF
<PAGE>
ILLUSTRATION 2
PACIFIC SELECT ESTATE PRESERVER IV - GPT (FORM 97-56)
FLEXIBLE PREMIUM VARIABLE LIFE INSURANCE
SECOND
SELECT NON-SMOKER FEMALE AGE 55
CLIENT PREMIUMS ALLOCATED TO VARIABLE ACCOUNT
SELECT NON-SMOKER MALE AGE 55 PRESENTED BY Pacific Life
Producer
SUMMARY PAGE
<TABLE>
<CAPTION>
---CURRENT POLICY CHARGES--- -----------------GUARANTEED POLICY CHARGES------------------
ASSUMING HYPOTHETICAL GROSS ASSUMING HYPOTHETICAL GROSS ASSUMING HYPOTHETICAL GROSS
ANNUAL INVESTMENT RETURN OF ANNUAL INVESTMENT RETURN OF ANNUAL INVESTMENT RETURN OF
-----12.00% (11.04% NET)---- ----0.00% (-0.86% NET)---- ----12.00% (11.04% NET)----
NET NET NET NET NET NET
PREMIUMS ACCUM'D SURR'R DEATH ACCUM'D SURR'R DEATH ACCUM'D SURR'R DEATH
ANNUALIZED PLUS 5% VALUE VALUE BENEFIT VALUE VALUE BENEFIT VALUE VALUE BENEFIT
YEAR PREMIUM INTEREST (EOY) (EOY) (EOY) (EOY) (EOY) (EOY) (EOY) (EOY) (EOY)
==== =========== ========== ========== ========== =========== ======== ======== ========== ========= ========= ==========
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1 32,931 34,578 29,350 29,350 1,500,000 26,038 26,038 1,500,000 29,349 29,349 1,500,000
2 32,931 70,884 61,589 61,589 1,500,000 51,534 51,534 1,500,000 61,584 61,584 1,500,000
3 32,931 109,006 96,989 96,989 1,500,000 76,454 76,454 1,500,000 96,977 96,977 1,500,000
4 32,931 149,034 135,855 135,855 1,500,000 100,766 100,766 1,500,000 135,832 135,832 1,500,000
5 32,931 191,063 178,524 178,524 1,500,000 124,435 124,435 1,500,000 178,485 178,485 1,500,000
6 32,931 235,193 225,493 225,493 1,500,000 147,533 147,533 1,500,000 225,432 225,432 1,500,000
7 32,931 281,531 277,051 277,051 1,500,000 169,879 169,879 1,500,000 276,962 276,962 1,500,000
8 32,931 330,185 333,638 333,638 1,500,000 191,388 191,388 1,500,000 333,511 333,511 1,500,000
9 32,931 381,272 396,033 396,033 1,500,000 211,947 211,947 1,500,000 395,555 395,555 1,500,000
10 32,931 434,913 465,223 465,223 1,500,000 231,431 231,431 1,500,000 463,633 463,633 1,500,000
15 32,931 746,134 967,072 967,072 1,500,000 326,243 326,243 1,500,000 945,924 945,924 1,500,000
20 32,931 1,143,340 1,810,703 1,810,703 1,937,452 366,285 366,285 1,500,000 1,756,626 1,756,626 1,879,590
25 32,931 1,650,286 3,245,400 3,245,400 3,407,670 286,581 286,581 1,500,000 3,132,128 3,132,128 3,288,734
30 32,931 2,297,293 5,638,694 5,638,694 5,920,629 0## 0## 0## 5,371,528 5,371,528 5,640,104
35 32,931 3,123,055 9,600,333 9,600,333 10,080,350 0## 0## 0## 8,911,499 8,911,499 9,357,074
</TABLE>
## ADDITIONAL PREMIUM PAYMENTS REQUIRED TO MAINTAIN REQUESTED BENEFITS.
ALL VALUES EXCEPT PREMIUMS, LOANS, LOAN INTEREST AND WITHDRAWALS ARE VALUES AT
THE END OF THE POLICY YEAR. THE 'NET SURRENDER VALUE' IS EQUAL TO THE
ACCUMULATED VALUE, LESS ANY POLICY DEBT AND LESS ANY SURRENDER CHARGES. THE 'NET
DEATH BENEFIT' IS THE POLICY DEATH BENEFIT LESS ANY POLICY DEBT.
THE PREMIUM MODE ASSUMED IN THIS ILLUSTRATION IS ANNUAL.
SUMMARY PAGES
THIS ILLUSTRATION SHOWS HOW THE PERFORMANCE OF THE UNDERLYING VARIABLE
INVESTMENT OPTIONS COULD AFFECT THE POLICY VALUES AND DEATH BENEFIT. THE
INFORMATION IS HYPOTHETICAL AND MAY NOT BE USED TO PREDICT INVESTMENT RESULTS.
PLEASE REFER TO THE SUMMARY PAGE FOR A FULL EXPLANATION OF FEES AND EXPENSES.
PACIFIC LIFE INSURANCE COMPANY
THIS ILLUSTRATION IS NOT VALID UNLESS PRESENTED WITH SUMMARY PAGES
VERSION TIME GPT - NONGI DATE PAGE OF
<PAGE>
PACIFIC SELECT ESTATE PRESERVER IV - GPT (FORM 97-56)
FLEXIBLE PREMIUM VARIABLE LIFE INSURANCE
SECOND
SELECT NON-SMOKER FEMALE AGE 55
CLIENT PREMIUMS ALLOCATED TO VARIABLE ACCOUNT
SELECT NON-SMOKER MALE AGE 55 PRESENTED BY Pacific Life
Producer
ANY LOANS OR WITHDRAWALS ILLUSTRATED ARE BASED ON CURRENT POLICY CHARGE
ASSUMPTIONS AND MIGHT NOT BE AVAILABLE UNDER GUARANTEED POLICY CHARGE
ASSUMPTIONS.
THIS ILLUSTRATION SHOWS A POLICY LOAN. THE LOAN IS AUTOMATICALLY REPAID FROM THE
GROSS DEATH BENEFIT AT THE DEATH OF THE INSURED, RESULTING IN THE ESTIMATED
PAYMENT TO THE BENEFICIARY OF THE NET DEATH BENEFIT ILLUSTRATED. UPON LAPSE OR
SURRENDER, THE LOAN IS AUTOMATICALLY REPAID, RESULTING IN THE ESTIMATED PAYMENT
TO THE POLICYOWNER OF THE NET SURRENDER AMOUNT. THE AUTOMATIC REPAYMENT OF THE
LOAN DURING A LAPSE OR SURRENDER WILL CAUSE THE RECOGNITION OF TAXABLE INCOME,
TO THE EXTENT THAT THE NET SURRENDER VALUE PLUS THE AMOUNT OF THE REPAID LOAN
EXCEEDS THE POLICY OWNER'S BASIS IN THE POLICY.
THE POLICY WILL LAPSE IF THE ACCUMULATED VALUE LESS POLICY DEBT IS INSUFFICIENT
TO COVER THE CURRENT MONTHLY DEDUCTION ON ANY MONTHLY PAYMENT DATE, AND A GRACE
PERIOD EXPIRES WITHOUT THE POLICY OWNER MAKING A SUFFICIENT PAYMENT. IF THE
POLICY IS INSUFFICIENTLY FUNDED IN RELATION TO THE INCOME STREAM FROM THE
POLICY, THE POLICY CAN LAPSE PREMATURELY AND RESULT IN A SIGNIFICANT INCOME TAX
LIABILITY TO THE OWNER IN THE YEAR IN WHICH THE LAPSE OCCURS.
A POLICY OWNER SHOULD BE CAREFUL TO STRUCTURE A POLICY SO THAT THE POLICY WILL
NOT LAPSE PREMATURELY UNDER VARIOUS MARKET SCENARIOS AS A RESULT OF WITHDRAWALS
AND/OR LOANS TAKEN FROM THE POLICY. THE POLICY OWNER SHOULD ALSO REQUEST AT
LEAST ANNUALLY A REVISED ILLUSTRATION THAT REFLECTS CURRENT POLICY VALUES TO
ASSURE THAT THE POLICY IS SUFFICIENTLY FUNDED TO SUPPORT A DESIRED INCOME
STREAM, IF ANY.
INITIAL GUIDELINE SINGLE PREMIUM: $344,370.18
INITIAL GUIDELINE LEVEL PREMIUM: $32,931.22
INITIAL SEVEN PAY PREMIUM: $79,505.41
THIS IS AN ILLUSTRATION AND NOT A CONTRACT. ALTHOUGH THE INFORMATION CONTAINED
IN THIS ILLUSTRATION IS BASED ON CERTAIN TAX AND LEGAL ASSUMPTIONS, IT IS NOT
INTENDED TO BE TAX OR LEGAL ADVICE. SUCH ADVICE SHOULD BE OBTAINED FROM
APPLICANT'S OWN COUNSEL OR OTHER ADVISOR.
THIS ILLUSTRATION MUST BE PRECEDED OR ACCOMPANIED BY THE CURRENT PROSPECTUSES
FOR THE SEPARATE ACCOUNT AND THE FUND. READ THE PROSPECTUSES CAREFULLY BEFORE
INVESTING OR SENDING MONEY.
---ASSUMED TAX BRACKET---
START END AMOUNT
1 35 31.00
THE CURRENT POLICY CHARGES AND COST OF INSURANCE RATES ARE SUBJECT TO CHANGE.
POLICY VALUES WILL VARY FROM THOSE ILLUSTRATED IF ACTUAL RATES DIFFER FROM THOSE
ASSUMED. CURRENT COST OF INSURANCE RATES ARE NOT DEPENDENT UPON FUTURE
IMPROVEMENTS IN UNDERLYING MORTALITY.
VALUES ILLUSTRATED UNDER THE GUARANTEED POLICY CHARGE COLUMNS ASSUME MAXIMUM
COST OF INSURANCE RATES. CURRENT COST OF INSURANCE RATES FOR THE BASE COVERAGE
ARE GUARANTEED FOR THE FIRST 5 YEARS.
HYPOTHETICAL FUTURE VALUES ARE BASED ON CURRENT COST OF INSURANCE RATES AND
HYPOTHETICAL GROSS EARNINGS RATE ASSUMPTIONS AS DESCRIBED BELOW.
THIS ILLUSTRATION ASSUMES THAT ALL PREMIUMS HAVE BEEN ALLOCATED TO THE VARIABLE
ACCOUNTS. THE HYPOTHETICAL RATES OF RETURN AND VALUES SHOWN ARE ILLUSTRATIVE
ONLY AND SHOULD NOT BE DEEMED AS A REPRESENTATION OF PAST OR FUTURE INVESTMENT
RESULTS. THE ILLUSTRATED POLICY VALUES MIGHT NOT BE ACHIEVED IF ACTUAL RATES OF
RETURN OR POLICY CHARGES DIFFER FROM THOSE ASSUMED. ACTUAL RATES OF RETURN MAY
BE MORE OR LESS THAN THOSE SHOWN AND WILL DEPEND ON A NUMBER OF FACTORS
INCLUDING THE INVESTMENT ALLOCATIONS MADE TO THE VARIABLE ACCOUNTS BY AN OWNER
AND THE EXPERIENCE OF THE ACCOUNTS. NO REPRESENTATION CAN BE MADE BY PACIFIC
LIFE, THE SEPARATE ACCOUNT, OR THE FUND THAT THESE HYPOTHETICAL RATES OF RETURN
CAN BE ACHIEVED FOR ANY ONE YEAR OR SUSTAINED OVER ANY PERIOD OF TIME.
SUMMARY PAGES
THIS ILLUSTRATION SHOWS HOW THE PERFORMANCE OF THE UNDERLYING VARIABLE
INVESTMENT OPTIONS COULD AFFECT THE POLICY VALUES AND DEATH BENEFIT. THE
INFORMATION IS HYPOTHETICAL AND MAY NOT BE USED TO PREDICT INVESTMENT RESULTS.
PLEASE REFER TO THE SUMMARY PAGE FOR A FULL EXPLANATION OF FEES AND EXPENSES.
PACIFIC LIFE INSURANCE COMPANY
THIS ILLUSTRATION IS NOT VALID UNLESS PRESENTED WITH SUMMARY PAGES
VERSION TIME GPT - NONGI DATE PAGE OF
<PAGE>
PACIFIC SELECT ESTATE PRESERVER IV - GPT (FORM 97-56)
FLEXIBLE PREMIUM VARIABLE LIFE INSURANCE
SECOND
SELECT NON-SMOKER FEMALE AGE 55
CLIENT PREMIUMS ALLOCATED TO VARIABLE ACCOUNT
SELECT NON-SMOKER MALE AGE 55 PRESENTED BY Pacific Life
Producer
YOU HAVE REQUESTED THAT THIS ILLUSTRATION REFLECT YOUR SELECTION OF UNDERLYING
PORTFOLIOS. THE AMOUNTS SHOWN FOR THE DEATH BENEFITS, ACCUMULATED VALUES AND
CASH SURRENDER VALUES IN THIS ILLUSTRATION REFLECT YOUR SELECTION OF UNDERLYING
PORTFOLIOS AND ACTUAL FUND EXPENSES (EXCLUDING ANY FOREIGN TAXES) INCURRED BY
THE PORTFOLIOS FOR THE YEAR ENDING DECEMBER 31, 1999.
UNDERLYING PORTFOLIOS
<TABLE>
<CAPTION>
Investment
Advisory Other
Portfolio Fee Expenses
--------------------------------------------------
<S> <C> <C>
Money Market 0.35% 0.04%
Managed Bond 0.60% 0.05%
Government Securities 0.60% 0.06%
High Yield 0.60% 0.05%
Small-Cap Equity 0.65% 0.05%
Equity Income 0.65% 0.05%
Multi-Strategy 0.65% 0.05%
International Value 0.85% 0.16%
Equity Index 0.25% 0.04%
Growth LT 0.75% 0.04%
Equity 0.65% 0.04%
Aggressive Equity 0.80% 0.05%
Emerging Markets 1.10% 0.31%
Small-Cap Index 0.50% 0.25%
Mid-Cap Value 0.85% 0.12%
Large-Cap Value 0.85% 0.12%
REIT 1.10% 0.18%
Diversified Research 0.90% 0.05%
International Large-Cap 1.05% 0.15%
I-Net Tollkeeper 1.50% 0.15%
</TABLE>
YOU HAVE SELECTED ALLOCATIONS IN THE UNDERLYING PORTFOLIOS AS STATED ABOVE. THE
AVERAGE ANNUAL EXPENSES WEIGHTED ACCORDING TO YOUR ALLOCATION PERCENTAGES ARE
EQUIVALENT TO AN ANNUAL RATE OF 0.76% FOR INVESTMENT ADVISORY FEES AND 0.10% FOR
OPERATING EXPENSES (AFTER ANY OFFSET FOR CUSTODIAN CREDITS AND EXCLUDING ANY
FOREIGN TAXES) WHICH AMOUNTS TO A TOTAL OF 0.86%. THE OPERATING EXPENSES FOR
THE DIVERSIFIED RESEARCH, INTERNATIONAL LARGE-CAP AND I-NET TOLLKEEPER ARE
ESTIMATED. THE SMALL-CAP EQUITY PORTFOLIO WAS FORMERLY CALLED THE GROWTH
PORTFOLIO. THE INTERNATIONAL VALUE PORTFOLIO WAS FORMERLY CALLED THE
INTERNATIONAL PORTFOLIO. THIS ILLUSTRATION ASSUMES THAT THE ABOVE ALLOCATIONS
REMAIN UNCHANGED. IF YOU CHANGE YOUR ALLOCATIONS, WE RECOMMEND THAT YOU REQUEST
AN ILLUSTRATION REFLECTING THE NEW ALLOCATIONS.
THE AVERAGE ANNUAL EXPENSES FOR ALL AVAILABLE UNDERLYING PORTFOLIOS FOR THE
YEAR ENDING DECEMBER 31, 1999 ARE EQUIVALENT TO AN ANNUAL RATE OF 0.76% FOR
INVESTMENT ADVISORY FEES AND 0.10% FOR OPERATING EXPENSES (AFTER ANY OFFSET
FOR CUSTODIAN CREDITS AND EXCLUDING ANY FOREIGN TAXES) WHICH AMOUNTS TO A
TOTAL OF 0.86%.
THIS ILLUSTRATION SHOWS HOW THE PERFORMANCE OF THE UNDERLYING VARIABLE
INVESTMENT OPTIONS COULD AFFECT THE POLICY VALUES AND DEATH BENEFIT. THE
INFORMATION IS HYPOTHETICAL AND MAY NOT BE USED TO PREDICT INVESTMENT RESULTS.
PLEASE REFER TO THE SUMMARY PAGE FOR A FULL EXPLANATION OF FEES AND EXPENSES.
PACIFIC LIFE INSURANCE COMPANY
THIS ILLUSTRATION IS NOT VALID UNLESS PRESENTED WITH SUMMARY PAGES
VERSION MS7.33 - 3.31 01:20PM GPT - NONGI 3-1-2000 PAGE OF
<PAGE>
PACIFIC SELECT ESTATE PRESERVER IV - GPT (FORM 97-56)
FLEXIBLE PREMIUM VARIABLE LIFE INSURANCE
SECOND
SELECT NON-SMOKER FEMALE AGE 55
CLIENT PREMIUMS ALLOCATED TO VARIABLE ACCOUNT
SELECT NON-SMOKER MALE AGE 55 PRESENTED BY Pacific Life
Producer
THE HYPOTHETICAL GROSS ANNUAL EARNINGS RATE ASSUMPTION IS AFTER BROKERAGE
EXPENSES AND ANY FOREIGN TAXES. A PORTFOLIO'S FOREIGN INVESTMENTS MAY BE SUBJECT
TO FOREIGN TAXES. FOREIGN TAXES FROM INTEREST AND DIVIDEND INCOME ARE TREATED AS
A DEDUCTION FROM RELEVANT INCOME FOR ACCOUNTING PURPOSES RATHER THAN AS AN
EXPENSE.
THE AMOUNTS SHOWN FOR THE DEATH BENEFITS, ACCUMULATED VALUES AND CASH SURRENDER
VALUES REFLECT THE FACT THAT THE NET INVESTMENT RETURN ON THE VARIABLE ACCOUNTS
IS LOWER THAN THE GROSS RETURN ON THE ASSETS AS A RESULT OF CHARGES LEVIED
AGAINST THE ACCOUNTS.
AFTER DEDUCTION OF THESE AMOUNTS, HYPOTHETICAL ILLUSTRATED GROSS ANNUAL
INVESTMENT RETURNS OF 0.00% AND 6.00% CORRESPOND TO APPROXIMATE NET ANNUAL RATES
OF RETURN OF -0.87% AND 5.08% RESPECTIVELY.
NO CHARGE IS CURRENTLY IMPOSED UPON A TRANSFER OF ACCUMULATED VALUE BETWEEN
ACCOUNTS. HOWEVER, PACIFIC LIFE MAY ASSESS SUCH A CHARGE AT A FUTURE DATE
INTEREST IS CHARGED ON POLICY LOANS AT AN EFFECTIVE ANNUAL RATE OF 3.25% IN
ARREARS. INTEREST IS CREDITED TO THE PORTION OF THE ACCUMULATED VALUE SECURING
THE POLICY LOAN AT AN EFFECTIVE ANNUAL RATE OF 3.00%
POLICY LOANS AND/OR WITHDRAWALS MAY HAVE AN ADVERSE EFFECT ON THE POLICY OWNER'S
BENEFITS.
---DEATH BENEFIT OPTION---
START END OPTION
1 35 LEVEL
---BASE POLICY FACE AMOUNT---
START END AMOUNT
1 35 1,500,000
FUTURE ACTION REQUIRED BY POLICY OWNER
If you want to change the premium amount that you are billed, you must request
the change in writing.
THIS ILLUSTRATION SHOWS HOW THE PERFORMANCE OF THE UNDERLYING VARIABLE
INVESTMENT OPTIONS COULD AFFECT THE POLICY VALUES AND DEATH BENEFIT. THE
INFORMATION IS HYPOTHETICAL AND MAY NOT BE USED TO PREDICT INVESTMENT RESULTS.
PLEASE REFER TO THE SUMMARY PAGE FOR A FULL EXPLANATION OF FEES AND EXPENSES.
PACIFIC LIFE INSURANCE COMPANY
THIS ILLUSTRATION IS NOT VALID UNLESS PRESENTED WITH SUMMARY PAGES
VERSION TIME GPT - NONGI DATE PAGE OF
<PAGE>
PACIFIC SELECT ESTATE PRESERVER IV - GPT (FORM 97-56)
FLEXIBLE PREMIUM VARIABLE LIFE INSURANCE
SECOND
SELECT NON-SMOKER FEMALE AGE 55
CLIENT PREMIUMS ALLOCATED TO VARIABLE ACCOUNT
SELECT NON-SMOKER MALE AGE 55 PRESENTED BY Pacific Life
Producer
DECREASES IN ART RIDER AMOUNTS MUST BE REQUESTED AT THE TIME OF THE DECREASE.
WHEN THE DEATH BENEFIT IS GREATER THAN THE FACE AMOUNT DUE TO ACCUMULATED VALUE
GROWTH, PAYMENT OF ADDITIONAL PREMIUM WILL BE SUBJECT TO APPROVAL.
UNDER CURRENT FEDERAL TAX LAW, THIS POLICY WILL QUALIFY AS LIFE INSURANCE ONLY
IF THE SUM OF PREMIUMS PAID AT ANY TIME DOES NOT EXCEED THE GREATER OF THE
GUIDELINE SINGLE PREMIUM OR THE SUM OF THE GUIDELINE LEVEL PREMIUMS AT SUCH
TIME. THE GUIDELINE PREMIUMS WILL CHANGE WHENEVER THERE IS A CHANGE IN THE FACE
AMOUNT OF INSURANCE OR IN OTHER POLICY BENEFITS
BASED ON OUR UNDERSTANDING OF THE INTERNAL REVENUE CODE AND THE ASSUMPTIONS IN
THIS ILLUSTRATION, THIS POLICY WOULD NOT BECOME A MODIFIED ENDOWMENT CONTRACT
(MEC). THE FEDERAL INCOME TAX CONSEQUENCES OF A MEC CAN BE SIGNIFICANT.
CONSULT YOUR TAX ADVISOR FOR FURTHER DETAILS.
ALL VALUES ASSUME PREMIUMS AND LOAN INTEREST ARE PAID WHEN DUE. IF A PAYMENT IS
RECEIVED WITHOUT BEING DESIGNATED AS A PREMIUM PAYMENT OR LOAN PAYMENT, AND
THERE IS AN OUTSTANDING LOAN, THE PAYMENT WILL BE APPLIED AS A LOAN PAYMENT.
THIS ILLUSTRATION WAS PREPARED FOR PRESENTATION IN THE STATE OF CALIFORNIA.
PACIFIC SELECT ESTATE PRESERVER IV IS DISTRIBUTED BY
Pacific Select Distributors, Inc., (formerly known as Pacific Mutual
Distributors, Inc.)
MEMBER NASD & SIPC, A SUBSIDIARY OF PACIFIC LIFE
THIS ILLUSTRATION SHOWS HOW THE PERFORMANCE OF THE UNDERLYING VARIABLE
INVESTMENT OPTIONS COULD AFFECT THE POLICY VALUES AND DEATH BENEFIT. THE
INFORMATION IS HYPOTHETICAL AND MAY NOT BE USED TO PREDICT INVESTMENT RESULTS.
PLEASE REFER TO THE SUMMARY PAGE FOR A FULL EXPLANATION OF FEES AND EXPENSES.
PACIFIC LIFE INSURANCE COMPANY
THIS ILLUSTRATION IS NOT VALID UNLESS PRESENTED WITH SUMMARY PAGES
VERSION TIME GPT - NONGI DATE PAGE OF
<PAGE>
ILLUSTRATION 3
PACIFIC SELECT ESTATE PRESERVER IV - GPT (FORM 97-56)
FLEXIBLE PREMIUM VARIABLE LIFE INSURANCE
SECOND
SELECT NON-SMOKER FEMALE AGE 55
CLIENT PREMIUMS ALLOCATED TO VARIABLE ACCOUNT
SELECT NON-SMOKER MALE AGE 55 PRESENTED BY Pacific Life
Producer
SUMMARY PAGE
<TABLE>
<CAPTION>
---CURRENT POLICY CHARGES--- -----------------GUARANTEED POLICY CHARGES---------------
ASSUMING HYPOTHETICAL GROSS ASSUMING HYPOTHETICAL GROSS ASSUMING HYPOTHETICAL GROSS
ANNUAL INVESTMENT RETURN OF ANNUAL INVESTMENT RETURN OF ANNUAL INVESTMENT RETURN OF
-----6.00% (5.28% NET)----- -----0.00% (-0.68% NET)---- -----6.00% (5.28% NET)-----
NET NET NET NET NET NET
PREMIUMS ACCUM'D SURR'R DEATH ACCUM'D SURR'R DEATH ACCUM'D SURR'R DEATH
ANNUALIZED PLUS 5% VALUE VALUE BENEFIT VALUE VALUE BENEFIT VALUE VALUE BENEFIT
YEAR PREMIUM INTEREST (EOY) (EOY) (EOY) (EOY) (EOY) (EOY) (EOY) (EOY) (EOY)
==== ========== ========== ========== ========== ========== ======== ========= ========= ========= ========== ========
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1 32,931 34,578 27,747 27,747 1,500,000 26,088 26,088 1,500,000 27,746 27,746 1,500,000
2 32,931 70,884 56,625 56,625 1,500,000 51,680 51,680 1,500,000 56,620 56,620 1,500,000
3 32,931 109,006 86,652 86,652 1,500,000 76,741 76,741 1,500,000 86,641 86,641 1,500,000
4 32,931 149,034 117,849 117,849 1,500,000 101,237 101,237 1,500,000 117,828 117,828 1,500,000
5 32,931 191,063 150,236 150,236 1,500,000 125,131 125,131 1,500,000 150,199 150,199 1,500,000
6 32,931 235,193 183,947 183,947 1,500,000 148,496 148,496 1,500,000 183,891 183,891 1,500,000
7 32,931 281,531 218,867 218,867 1,500,000 171,146 171,146 1,500,000 218,786 218,786 1,500,000
8 32,931 330,185 254,980 254,980 1,500,000 192,998 192,998 1,500,000 254,867 254,867 1,500,000
9 32,931 381,272 292,565 292,565 1,500,000 213,937 213,937 1,500,000 292,092 292,092 1,500,000
10 32,931 434,913 332,054 332,054 1,500,000 233,836 233,836 1,500,000 330,414 330,414 1,500,000
15 32,931 746,134 582,969 582,969 1,500,000 331,286 331,286 1,500,000 558,741 558,741 1,500,000
20 32,931 1,143,340 905,550 905,550 1,500,000 374,883 374,883 1,500,000 817,574 817,574 1,500,000
25 32,931 1,650,286 1,330,178 1,330,178 1,500,000 300,056 300,056 1,500,000 1,122,894 1,122,894 1,500,000
30 32,931 2,297,293 1,881,081 1,881,081 1,975,135 0## 0## 0## 1,548,016 1,548,016 1,625,417
35 32,931 3,123,055 2,576,582 2,576,582 2,705,411 0## 0## 0## 2,095,338 2,095,338 2,200,105
</TABLE>
## ADDITIONAL PREMIUM PAYMENTS REQUIRED TO MAINTAIN REQUESTED BENEFITS.
ALL VALUES EXCEPT PREMIUMS, LOANS, LOAN INTEREST AND WITHDRAWALS ARE VALUES AT
THE END OF THE POLICY YEAR. THE 'NET SURRENDER VALUE' IS EQUAL TO THE
ACCUMULATED VALUE, LESS ANY POLICY DEBT AND LESS ANY SURRENDER CHARGES. THE 'NET
DEATH BENEFIT' IS THE POLICY DEATH BENEFIT LESS ANY POLICY DEBT.
THE PREMIUM MODE ASSUMED IN THIS ILLUSTRATION IS ANNUAL.
SUMMARY PAGES
THIS ILLUSTRATION SHOWS HOW THE PERFORMANCE OF THE UNDERLYING VARIABLE
INVESTMENT OPTIONS COULD AFFECT THE POLICY VALUES AND DEATH BENEFIT. THE
INFORMATION IS HYPOTHETICAL AND MAY NOT BE USED TO PREDICT INVESTMENT RESULTS.
PLEASE REFER TO THE SUMMARY PAGE FOR A FULL EXPLANATION OF FEES AND EXPENSES.
PACIFIC LIFE INSURANCE COMPANY
THIS ILLUSTRATION IS NOT VALID UNLESS PRESENTED WITH SUMMARY PAGES
VERSION TIME GPT - NONGI DATE PAGE OF
<PAGE>
PACIFIC SELECT ESTATE PRESERVER IV - GPT (FORM 97-56)
FLEXIBLE PREMIUM VARIABLE LIFE INSURANCE
SECOND
SELECT NON-SMOKER FEMALE AGE 55
CLIENT PREMIUMS ALLOCATED TO VARIABLE ACCOUNT
SELECT NON-SMOKER MALE AGE 55 PRESENTED BY Pacific Life
Producer
ANY LOANS OR WITHDRAWALS ILLUSTRATED ARE BASED ON CURRENT POLICY CHARGE
ASSUMPTIONS AND MIGHT NOT BE AVAILABLE UNDER GUARANTEED POLICY CHARGE
ASSUMPTIONS.
THIS ILLUSTRATION SHOWS A POLICY LOAN. THE LOAN IS AUTOMATICALLY REPAID FROM THE
GROSS DEATH BENEFIT AT THE DEATH OF THE INSURED, RESULTING IN THE ESTIMATED
PAYMENT TO THE BENEFICIARY OF THE NET DEATH BENEFIT ILLUSTRATED. UPON LAPSE OR
SURRENDER, THE LOAN IS AUTOMATICALLY REPAID, RESULTING IN THE ESTIMATED PAYMENT
TO THE POLICYOWNER OF THE NET SURRENDER AMOUNT. THE AUTOMATIC REPAYMENT OF THE
LOAN DURING A LAPSE OR SURRENDER WILL CAUSE THE RECOGNITION OF TAXABLE INCOME,
TO THE EXTENT THAT THE NET SURRENDER VALUE PLUS THE AMOUNT OF THE REPAID LOAN
EXCEEDS THE POLICY OWNER'S BASIS IN THE POLICY.
THE POLICY WILL LAPSE IF THE ACCUMULATED VALUE LESS POLICY DEBT IS INSUFFICIENT
TO COVER THE CURRENT MONTHLY DEDUCTION ON ANY MONTHLY PAYMENT DATE, AND A GRACE
PERIOD EXPIRES WITHOUT THE POLICY OWNER MAKING A SUFFICIENT PAYMENT. IF THE
POLICY IS INSUFFICIENTLY FUNDED IN RELATION TO THE INCOME STREAM FROM THE
POLICY, THE POLICY CAN LAPSE PREMATURELY AND RESULT IN A SIGNIFICANT INCOME TAX
LIABILITY TO THE OWNER IN THE YEAR IN WHICH THE LAPSE OCCURS.
A POLICY OWNER SHOULD BE CAREFUL TO STRUCTURE A POLICY SO THAT THE POLICY WILL
NOT LAPSE PREMATURELY UNDER VARIOUS MARKET SCENARIOS AS A RESULT OF WITHDRAWALS
AND/OR LOANS TAKEN FROM THE POLICY. THE POLICY OWNER SHOULD ALSO REQUEST AT
LEAST ANNUALLY A REVISED ILLUSTRATION THAT REFLECTS CURRENT POLICY VALUES TO
ASSURE THAT THE POLICY IS SUFFICIENTLY FUNDED TO SUPPORT A DESIRED INCOME
STREAM, IF ANY.
INITIAL GUIDELINE SINGLE PREMIUM: $344,370.18
INITIAL GUIDELINE LEVEL PREMIUM: $32,931.22
INITIAL SEVEN PAY PREMIUM: $79,505.41
THIS IS AN ILLUSTRATION AND NOT A CONTRACT. ALTHOUGH THE INFORMATION CONTAINED
IN THIS ILLUSTRATION IS BASED ON CERTAIN TAX AND LEGAL ASSUMPTIONS, IT IS NOT
INTENDED TO BE TAX OR LEGAL ADVICE. SUCH ADVICE SHOULD BE OBTAINED FROM
APPLICANT'S OWN COUNSEL OR OTHER ADVISOR.
THIS ILLUSTRATION MUST BE PRECEDED OR ACCOMPANIED BY THE CURRENT PROSPECTUSES
FOR THE SEPARATE ACCOUNT AND THE FUND. READ THE PROSPECTUSES CAREFULLY BEFORE
INVESTING OR SENDING MONEY.
---ASSUMED TAX BRACKET---
START END AMOUNT
1 35 31.00
THE CURRENT POLICY CHARGES AND COST OF INSURANCE RATES ARE SUBJECT TO CHANGE.
POLICY VALUES WILL VARY FROM THOSE ILLUSTRATED IF ACTUAL RATES DIFFER FROM THOSE
ASSUMED. CURRENT COST OF INSURANCE RATES ARE NOT DEPENDENT UPON FUTURE
IMPROVEMENTS IN UNDERLYING MORTALITY.
VALUES ILLUSTRATED UNDER THE GUARANTEED POLICY CHARGE COLUMNS ASSUME MAXIMUM
COST OF INSURANCE RATES. CURRENT COST OF INSURANCE RATES FOR THE BASE COVERAGE
ARE GUARANTEED FOR THE FIRST 5 YEARS.
HYPOTHETICAL FUTURE VALUES ARE BASED ON CURRENT COST OF INSURANCE RATES AND
HYPOTHETICAL GROSS EARNINGS RATE ASSUMPTIONS AS DESCRIBED BELOW.
THIS ILLUSTRATION ASSUMES THAT ALL PREMIUMS HAVE BEEN ALLOCATED TO THE VARIABLE
ACCOUNTS. THE HYPOTHETICAL RATES OF RETURN AND VALUES SHOWN ARE ILLUSTRATIVE
ONLY AND SHOULD NOT BE DEEMED AS A REPRESENTATION OF PAST OR FUTURE INVESTMENT
RESULTS. THE ILLUSTRATED POLICY VALUES MIGHT NOT BE ACHIEVED IF ACTUAL RATES OF
RETURN OR POLICY CHARGES DIFFER FROM THOSE ASSUMED. ACTUAL RATES OF RETURN MAY
BE MORE OR LESS THAN THOSE SHOWN AND WILL DEPEND ON A NUMBER OF FACTORS
INCLUDING THE INVESTMENT ALLOCATIONS MADE TO THE VARIABLE ACCOUNTS BY AN OWNER
AND THE EXPERIENCE OF THE ACCOUNTS. NO REPRESENTATION CAN BE MADE BY PACIFIC
LIFE, THE SEPARATE ACCOUNT, OR THE FUND THAT THESE HYPOTHETICAL RATES OF RETURN
CAN BE ACHIEVED FOR ANY ONE YEAR OR SUSTAINED OVER ANY PERIOD OF TIME.
SUMMARY PAGES
THIS ILLUSTRATION SHOWS HOW THE PERFORMANCE OF THE UNDERLYING VARIABLE
INVESTMENT OPTIONS COULD AFFECT THE POLICY VALUES AND DEATH BENEFIT. THE
INFORMATION IS HYPOTHETICAL AND MAY NOT BE USED TO PREDICT INVESTMENT RESULTS.
PLEASE REFER TO THE SUMMARY PAGE FOR A FULL EXPLANATION OF FEES AND EXPENSES.
PACIFIC LIFE INSURANCE COMPANY
THIS ILLUSTRATION IS NOT VALID UNLESS PRESENTED WITH SUMMARY PAGES
VERSION TIME GPT - NONGI DATE PAGE OF
<PAGE>
PACIFIC SELECT ESTATE PRESERVER IV - GPT (FORM 97-56)
FLEXIBLE PREMIUM VARIABLE LIFE INSURANCE
SECOND
SELECT NON-SMOKER FEMALE AGE 55
CLIENT PREMIUMS ALLOCATED TO VARIABLE ACCOUNT
SELECT NON-SMOKER MALE AGE 55 PRESENTED BY Pacific Life
Producer
YOU HAVE REQUESTED THAT THIS ILLUSTRATION REFLECT YOUR SELECTION OF UNDERLYING
PORTFOLIOS. THE AMOUNTS SHOWN FOR THE DEATH BENEFITS, ACCUMULATED VALUES AND
CASH SURRENDER VALUES IN THIS ILLUSTRATION REFLECT YOUR SELECTION OF UNDERLYING
PORTFOLIOS AND ACTUAL FUND EXPENSES (EXCLUDING ANY FOREIGN TAXES) INCURRED BY
THE PORTFOLIOS FOR THE YEAR ENDING DECEMBER 31, 1999.
UNDERLYING PORTFOLIOS
<TABLE>
<CAPTION>
Investment
Advisory Other
Portfolio Fee Expenses
---------------------------------------------------
<S> <C> <C>
Money Market 0.35% 0.04%
Managed Bond 0.60% 0.05%
Government Securities 0.60% 0.06%
High Yield 0.60% 0.05%
Small-Cap Equity 0.65% 0.05%
Equity Income 0.65% 0.05%
Multi-Strategy 0.65% 0.05%
International Value 0.85% 0.16%
Equity Index 0.25% 0.04%
Growth LT 0.75% 0.04%
Equity 0.65% 0.04%
Aggressive Equity 0.80% 0.05%
Emerging Markets 1.10% 0.31%
Small-Cap Index 0.50% 0.25%
Mid-Cap Value 0.85% 0.12%
Large-Cap Value 0.85% 0.12%
REIT 1.10% 0.18%
Diversified Research 0.90% 0.05%
International Large-Cap 1.05% 0.15%
I-Net Tollkeeper 1.50% 0.15%
</TABLE>
YOU HAVE SELECTED ALLOCATIONS IN THE UNDERLYING PORTFOLIOS AS STATED ABOVE. THE
AVERAGE ANNUAL EXPENSES WEIGHTED ACCORDING TO YOUR ALLOCATION PERCENTAGES ARE
EQUIVALENT TO AN ANNUAL RATE OF 0.62% FOR INVESTMENT ADVISORY FEES AND 0.06% FOR
OPERATING EXPENSES (AFTER ANY OFFSET FOR CUSTODIAN CREDITS AND EXCLUDING ANY
FOREIGN TAXES) WHICH AMOUNTS TO A TOTAL OF 0.68%. THE OPERATING EXPENSES FOR
THE DIVERSIFIED RESEARCH, INTERNATIONAL LARGE-CAP AND I-NET TOLLKEEPER ARE
ESTIMATED. THE SMALL-CAP EQUITY PORTFOLIO WAS FORMERLY CALLED THE GROWTH
PORTFOLIO. THE INTERNATIONAL VALUE PORTFOLIO WAS FORMERLY CALLED THE
INTERNATIONAL PORTFOLIO. THIS ILLUSTRATION ASSUMES THAT THE ABOVE ALLOCATIONS
REMAIN UNCHANGED. IF YOU CHANGE YOUR ALLOCATIONS, WE RECOMMEND THAT YOU REQUEST
AN ILLUSTRATION REFLECTING THE NEW ALLOCATIONS.
THE AVERAGE ANNUAL EXPENSES FOR ALL AVAILABLE UNDERLYING PORTFOLIOS FOR THE
YEAR ENDING DECEMBER 31, 1999 ARE EQUIVALENT TO AN ANNUAL RATE OF 0.76% FOR
INVESTMENT ADVISORY FEES AND 0.10% FOR OPERATING EXPENSES (AFTER ANY OFFSET
FOR CUSTODIAN CREDITS AND EXCLUDING ANY FOREIGN TAXES) WHICH AMOUNTS TO A
TOTAL OF 0.86%.
THIS ILLUSTRATION SHOWS HOW THE PERFORMANCE OF THE UNDERLYING VARIABLE
INVESTMENT OPTIONS COULD AFFECT THE POLICY VALUES AND DEATH BENEFIT. THE
INFORMATION IS HYPOTHETICAL AND MAY NOT BE USED TO PREDICT INVESTMENT RESULTS.
PLEASE REFER TO THE SUMMARY PAGE FOR A FULL EXPLANATION OF FEES AND EXPENSES.
PACIFIC LIFE INSURANCE COMPANY
THIS ILLUSTRATION IS NOT VALID UNLESS PRESENTED WITH SUMMARY PAGES
VERSION MS7.33 - 3.31 01:20PM GPT - NONGI 3-1-2000 PAGE OF
<PAGE>
PACIFIC SELECT ESTATE PRESERVER IV - GPT (FORM 97-56)
FLEXIBLE PREMIUM VARIABLE LIFE INSURANCE
SECOND
SELECT NON-SMOKER FEMALE AGE 55
CLIENT PREMIUMS ALLOCATED TO VARIABLE ACCOUNT
SELECT NON-SMOKER MALE AGE 55 PRESENTED BY Pacific Life
Producer
THE HYPOTHETICAL GROSS ANNUAL EARNINGS RATE ASSUMPTION IS AFTER BROKERAGE
EXPENSES AND ANY FOREIGN TAXES. A PORTFOLIO'S FOREIGN INVESTMENTS MAY BE SUBJECT
TO FOREIGN TAXES. FOREIGN TAXES FROM INTEREST AND DIVIDEND INCOME ARE TREATED AS
A DEDUCTION FROM RELEVANT INCOME FOR ACCOUNTING PURPOSES RATHER THAN AS AN
EXPENSE.
THE AMOUNTS SHOWN FOR THE DEATH BENEFITS, ACCUMULATED VALUES AND CASH SURRENDER
VALUES REFLECT THE FACT THAT THE NET INVESTMENT RETURN ON THE VARIABLE ACCOUNTS
IS LOWER THAN THE GROSS RETURN ON THE ASSETS AS A RESULT OF CHARGES LEVIED
AGAINST THE ACCOUNTS.
AFTER DEDUCTION OF THESE AMOUNTS, HYPOTHETICAL ILLUSTRATED GROSS ANNUAL
INVESTMENT RETURNS OF 0.00% AND 6.00% CORRESPOND TO APPROXIMATE NET ANNUAL RATES
OF RETURN OF -0.87% AND 5.08% RESPECTIVELY.
NO CHARGE IS CURRENTLY IMPOSED UPON A TRANSFER OF ACCUMULATED VALUE BETWEEN
ACCOUNTS. HOWEVER, PACIFIC LIFE MAY ASSESS SUCH A CHARGE AT A FUTURE DATE
INTEREST IS CHARGED ON POLICY LOANS AT AN EFFECTIVE ANNUAL RATE OF 3.25% IN
ARREARS. INTEREST IS CREDITED TO THE PORTION OF THE ACCUMULATED VALUE SECURING
THE POLICY LOAN AT AN EFFECTIVE ANNUAL RATE OF 3.00%
POLICY LOANS AND/OR WITHDRAWALS MAY HAVE AN ADVERSE EFFECT ON THE POLICY OWNER'S
BENEFITS.
---DEATH BENEFIT OPTION---
START END OPTION
1 35 LEVEL
---BASE POLICY FACE AMOUNT---
START END AMOUNT
1 35 1,500,000
FUTURE ACTION REQUIRED BY POLICY OWNER
If you want to change the premium amount that you are billed, you must request
the change in writing.
THIS ILLUSTRATION SHOWS HOW THE PERFORMANCE OF THE UNDERLYING VARIABLE
INVESTMENT OPTIONS COULD AFFECT THE POLICY VALUES AND DEATH BENEFIT. THE
INFORMATION IS HYPOTHETICAL AND MAY NOT BE USED TO PREDICT INVESTMENT RESULTS.
PLEASE REFER TO THE SUMMARY PAGE FOR A FULL EXPLANATION OF FEES AND EXPENSES.
PACIFIC LIFE INSURANCE COMPANY
THIS ILLUSTRATION IS NOT VALID UNLESS PRESENTED WITH SUMMARY PAGES
VERSION TIME GPT - NONGI DATE PAGE OF
<PAGE>
PACIFIC SELECT ESTATE PRESERVER IV - GPT (FORM 97-56)
FLEXIBLE PREMIUM VARIABLE LIFE INSURANCE
SECOND
SELECT NON-SMOKER FEMALE AGE 55
CLIENT PREMIUMS ALLOCATED TO VARIABLE ACCOUNT
SELECT NON-SMOKER MALE AGE 55 PRESENTED BY Pacific Life
Producer
DECREASES IN ART RIDER AMOUNTS MUST BE REQUESTED AT THE TIME OF THE DECREASE.
WHEN THE DEATH BENEFIT IS GREATER THAN THE FACE AMOUNT DUE TO ACCUMULATED VALUE
GROWTH, PAYMENT OF ADDITIONAL PREMIUM WILL BE SUBJECT TO APPROVAL.
UNDER CURRENT FEDERAL TAX LAW, THIS POLICY WILL QUALIFY AS LIFE INSURANCE ONLY
IF THE SUM OF PREMIUMS PAID AT ANY TIME DOES NOT EXCEED THE GREATER OF THE
GUIDELINE SINGLE PREMIUM OR THE SUM OF THE GUIDELINE LEVEL PREMIUMS AT SUCH
TIME. THE GUIDELINE PREMIUMS WILL CHANGE WHENEVER THERE IS A CHANGE IN THE FACE
AMOUNT OF INSURANCE OR IN OTHER POLICY BENEFITS
BASED ON OUR UNDERSTANDING OF THE INTERNAL REVENUE CODE AND THE ASSUMPTIONS IN
THIS ILLUSTRATION, THIS POLICY WOULD NOT BECOME A MODIFIED ENDOWMENT CONTRACT
(MEC). THE FEDERAL INCOME TAX CONSEQUENCES OF A MEC CAN BE SIGNIFICANT.
CONSULT YOUR TAX ADVISOR FOR FURTHER DETAILS.
ALL VALUES ASSUME PREMIUMS AND LOAN INTEREST ARE PAID WHEN DUE. IF A PAYMENT IS
RECEIVED WITHOUT BEING DESIGNATED AS A PREMIUM PAYMENT OR LOAN PAYMENT, AND
THERE IS AN OUTSTANDING LOAN, THE PAYMENT WILL BE APPLIED AS A LOAN PAYMENT.
THIS ILLUSTRATION WAS PREPARED FOR PRESENTATION IN THE STATE OF CALIFORNIA.
PACIFIC SELECT ESTATE PRESERVER IV IS DISTRIBUTED BY
Pacific Select Distributors, Inc., (formerly known as Pacific Mutual
Distributors, Inc.)
MEMBER NASD & SIPC, A SUBSIDIARY OF PACIFIC LIFE
THIS ILLUSTRATION SHOWS HOW THE PERFORMANCE OF THE UNDERLYING VARIABLE
INVESTMENT OPTIONS COULD AFFECT THE POLICY VALUES AND DEATH BENEFIT. THE
INFORMATION IS HYPOTHETICAL AND MAY NOT BE USED TO PREDICT INVESTMENT RESULTS.
PLEASE REFER TO THE SUMMARY PAGE FOR A FULL EXPLANATION OF FEES AND EXPENSES.
PACIFIC LIFE INSURANCE COMPANY
THIS ILLUSTRATION IS NOT VALID UNLESS PRESENTED WITH SUMMARY PAGES
VERSION TIME GPT - NONGI DATE PAGE OF
<PAGE>
ILLUSTRATION 4
PACIFIC SELECT ESTATE PRESERVER IV - GPT (FORM 97-56)
FLEXIBLE PREMIUM VARIABLE LIFE INSURANCE
SECOND
SELECT NON-SMOKER FEMALE AGE 55
CLIENT PREMIUMS ALLOCATED TO VARIABLE ACCOUNT
SELECT NON-SMOKER MALE AGE 55 PRESENTED BY Pacific Life
Producer
SUMMARY PAGE
<TABLE>
<CAPTION>
---CURRENT POLICY CHARGES--- -----------------GUARANTEED POLICY CHARGES---------------
ASSUMING HYPOTHETICAL GROSS ASSUMING HYPOTHETICAL GROSS ASSUMING HYPOTHETICAL GROSS
ANNUAL INVESTMENT RETURN OF ANNUAL INVESTMENT RETURN OF ANNUAL INVESTMENT RETURN OF
----12.00% (11.24% NET)---- -----0.00% (-0.68% NET)---- ----12.00% (11.24% NET)----
NET NET NET NET NET NET
PREMIUMS ACCUM'D SURR'R DEATH ACCUM'D SURR'R DEATH ACCUM'D SURR'R DEATH
ANNUALIZED PLUS 5% VALUE VALUE BENEFIT VALUE VALUE BENEFIT VALUE VALUE BENEFIT
YEAR PREMIUM INTEREST (EOY) (EOY) (EOY) (EOY) (EOY) (EOY) (EOY) (EOY) (EOY)
==== ========== ========== =========== =========== =========== ======== ======= ========== ========= ========= ==========
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1 32,931 34,578 29,406 29,406 1,500,000 26,088 26,088 1,500,000 29,405 29,405 1,500,000
2 32,931 70,884 61,766 61,766 1,500,000 51,680 51,680 1,500,000 61,761 61,761 1,500,000
3 32,931 109,006 97,365 97,365 1,500,000 76,741 76,741 1,500,000 97,353 97,353 1,500,000
4 32,931 149,034 136,523 136,523 1,500,000 101,237 101,237 1,500,000 136,499 136,499 1,500,000
5 32,931 191,063 179,593 179,593 1,500,000 125,131 125,131 1,500,000 179,554 179,554 1,500,000
6 32,931 235,193 227,094 227,094 1,500,000 148,496 148,496 1,500,000 227,033 227,033 1,500,000
7 32,931 281,531 279,337 279,337 1,500,000 171,146 171,146 1,500,000 279,247 279,247 1,500,000
8 32,931 330,185 336,789 336,789 1,500,000 192,998 192,998 1,500,000 336,662 336,662 1,500,000
9 32,931 381,272 400,262 400,262 1,500,000 213,937 213,937 1,500,000 399,783 399,783 1,500,000
10 32,931 434,913 470,775 470,775 1,500,000 233,836 233,836 1,500,000 469,188 469,188 1,500,000
15 32,931 746,134 984,746 984,746 1,500,000 331,286 331,286 1,500,000 963,782 963,782 1,500,000
20 32,931 1,143,340 1,856,391 1,856,391 1,986,338 374,883 374,883 1,500,000 1,803,052 1,803,052 1,929,266
25 32,931 1,650,286 3,351,598 3,351,598 3,519,178 300,056 300,056 1,500,000 3,237,974 3,237,974 3,399,873
30 32,931 2,297,293 5,868,686 5,868,686 6,162,121 0## 0## 0## 5,595,920 5,595,920 5,875,716
35 32,931 3,123,055 10,073,695 10,073,695 10,577,379 0## 0## 0## 9,359,065 9,359,065 9,827,018
</TABLE>
## ADDITIONAL PREMIUM PAYMENTS REQUIRED TO MAINTAIN REQUESTED BENEFITS.
ALL VALUES EXCEPT PREMIUMS, LOANS, LOAN INTEREST AND WITHDRAWALS ARE VALUES AT
THE END OF THE POLICY YEAR. THE 'NET SURRENDER VALUE' IS EQUAL TO THE
ACCUMULATED VALUE, LESS ANY POLICY DEBT AND LESS ANY SURRENDER CHARGES. THE 'NET
DEATH BENEFIT' IS THE POLICY DEATH BENEFIT LESS ANY POLICY DEBT.
THE PREMIUM MODE ASSUMED IN THIS ILLUSTRATION IS ANNUAL.
SUMMARY PAGES
THIS ILLUSTRATION SHOWS HOW THE PERFORMANCE OF THE UNDERLYING VARIABLE
INVESTMENT OPTIONS COULD AFFECT THE POLICY VALUES AND DEATH BENEFIT. THE
INFORMATION IS HYPOTHETICAL AND MAY NOT BE USED TO PREDICT INVESTMENT RESULTS.
PLEASE REFER TO THE SUMMARY PAGE FOR A FULL EXPLANATION OF FEES AND EXPENSES.
PACIFIC LIFE INSURANCE COMPANY
THIS ILLUSTRATION IS NOT VALID UNLESS PRESENTED WITH SUMMARY PAGES
VERSION TIME GPT - NONGI DATE PAGE OF
<PAGE>
PACIFIC SELECT ESTATE PRESERVER IV - GPT (FORM 97-56)
FLEXIBLE PREMIUM VARIABLE LIFE INSURANCE
SECOND
SELECT NON-SMOKER FEMALE AGE 55
CLIENT PREMIUMS ALLOCATED TO VARIABLE ACCOUNT
SELECT NON-SMOKER MALE AGE 55 PRESENTED BY Pacific Life
Producer
ANY LOANS OR WITHDRAWALS ILLUSTRATED ARE BASED ON CURRENT POLICY CHARGE
ASSUMPTIONS AND MIGHT NOT BE AVAILABLE UNDER GUARANTEED POLICY CHARGE
ASSUMPTIONS.
THIS ILLUSTRATION SHOWS A POLICY LOAN. THE LOAN IS AUTOMATICALLY REPAID FROM THE
GROSS DEATH BENEFIT AT THE DEATH OF THE INSURED, RESULTING IN THE ESTIMATED
PAYMENT TO THE BENEFICIARY OF THE NET DEATH BENEFIT ILLUSTRATED. UPON LAPSE OR
SURRENDER, THE LOAN IS AUTOMATICALLY REPAID, RESULTING IN THE ESTIMATED PAYMENT
TO THE POLICYOWNER OF THE NET SURRENDER AMOUNT. THE AUTOMATIC REPAYMENT OF THE
LOAN DURING A LAPSE OR SURRENDER WILL CAUSE THE RECOGNITION OF TAXABLE INCOME,
TO THE EXTENT THAT THE NET SURRENDER VALUE PLUS THE AMOUNT OF THE REPAID LOAN
EXCEEDS THE POLICY OWNER'S BASIS IN THE POLICY.
THE POLICY WILL LAPSE IF THE ACCUMULATED VALUE LESS POLICY DEBT IS INSUFFICIENT
TO COVER THE CURRENT MONTHLY DEDUCTION ON ANY MONTHLY PAYMENT DATE, AND A GRACE
PERIOD EXPIRES WITHOUT THE POLICY OWNER MAKING A SUFFICIENT PAYMENT. IF THE
POLICY IS INSUFFICIENTLY FUNDED IN RELATION TO THE INCOME STREAM FROM THE
POLICY, THE POLICY CAN LAPSE PREMATURELY AND RESULT IN A SIGNIFICANT INCOME TAX
LIABILITY TO THE OWNER IN THE YEAR IN WHICH THE LAPSE OCCURS.
A POLICY OWNER SHOULD BE CAREFUL TO STRUCTURE A POLICY SO THAT THE POLICY WILL
NOT LAPSE PREMATURELY UNDER VARIOUS MARKET SCENARIOS AS A RESULT OF WITHDRAWALS
AND/OR LOANS TAKEN FROM THE POLICY. THE POLICY OWNER SHOULD ALSO REQUEST AT
LEAST ANNUALLY A REVISED ILLUSTRATION THAT REFLECTS CURRENT POLICY VALUES TO
ASSURE THAT THE POLICY IS SUFFICIENTLY FUNDED TO SUPPORT A DESIRED INCOME
STREAM, IF ANY.
INITIAL GUIDELINE SINGLE PREMIUM: $344,370.18
INITIAL GUIDELINE LEVEL PREMIUM: $32,931.22
INITIAL SEVEN PAY PREMIUM: $79,505.41
THIS IS AN ILLUSTRATION AND NOT A CONTRACT. ALTHOUGH THE INFORMATION CONTAINED
IN THIS ILLUSTRATION IS BASED ON CERTAIN TAX AND LEGAL ASSUMPTIONS, IT IS NOT
INTENDED TO BE TAX OR LEGAL ADVICE. SUCH ADVICE SHOULD BE OBTAINED FROM
APPLICANT'S OWN COUNSEL OR OTHER ADVISOR.
THIS ILLUSTRATION MUST BE PRECEDED OR ACCOMPANIED BY THE CURRENT PROSPECTUSES
FOR THE SEPARATE ACCOUNT AND THE FUND. READ THE PROSPECTUSES CAREFULLY BEFORE
INVESTING OR SENDING MONEY.
---ASSUMED TAX BRACKET---
START END AMOUNT
1 35 31.00
THE CURRENT POLICY CHARGES AND COST OF INSURANCE RATES ARE SUBJECT TO CHANGE.
POLICY VALUES WILL VARY FROM THOSE ILLUSTRATED IF ACTUAL RATES DIFFER FROM THOSE
ASSUMED. CURRENT COST OF INSURANCE RATES ARE NOT DEPENDENT UPON FUTURE
IMPROVEMENTS IN UNDERLYING MORTALITY.
VALUES ILLUSTRATED UNDER THE GUARANTEED POLICY CHARGE COLUMNS ASSUME MAXIMUM
COST OF INSURANCE RATES. CURRENT COST OF INSURANCE RATES FOR THE BASE COVERAGE
ARE GUARANTEED FOR THE FIRST 5 YEARS.
HYPOTHETICAL FUTURE VALUES ARE BASED ON CURRENT COST OF INSURANCE RATES AND
HYPOTHETICAL GROSS EARNINGS RATE ASSUMPTIONS AS DESCRIBED BELOW.
THIS ILLUSTRATION ASSUMES THAT ALL PREMIUMS HAVE BEEN ALLOCATED TO THE VARIABLE
ACCOUNTS. THE HYPOTHETICAL RATES OF RETURN AND VALUES SHOWN ARE ILLUSTRATIVE
ONLY AND SHOULD NOT BE DEEMED AS A REPRESENTATION OF PAST OR FUTURE INVESTMENT
RESULTS. THE ILLUSTRATED POLICY VALUES MIGHT NOT BE ACHIEVED IF ACTUAL RATES OF
RETURN OR POLICY CHARGES DIFFER FROM THOSE ASSUMED. ACTUAL RATES OF RETURN MAY
BE MORE OR LESS THAN THOSE SHOWN AND WILL DEPEND ON A NUMBER OF FACTORS
INCLUDING THE INVESTMENT ALLOCATIONS MADE TO THE VARIABLE ACCOUNTS BY AN OWNER
AND THE EXPERIENCE OF THE ACCOUNTS. NO REPRESENTATION CAN BE MADE BY PACIFIC
LIFE, THE SEPARATE ACCOUNT, OR THE FUND THAT THESE HYPOTHETICAL RATES OF RETURN
CAN BE ACHIEVED FOR ANY ONE YEAR OR SUSTAINED OVER ANY PERIOD OF TIME.
SUMMARY PAGES
THIS ILLUSTRATION SHOWS HOW THE PERFORMANCE OF THE UNDERLYING VARIABLE
INVESTMENT OPTIONS COULD AFFECT THE POLICY VALUES AND DEATH BENEFIT. THE
INFORMATION IS HYPOTHETICAL AND MAY NOT BE USED TO PREDICT INVESTMENT RESULTS.
PLEASE REFER TO THE SUMMARY PAGE FOR A FULL EXPLANATION OF FEES AND EXPENSES.
PACIFIC LIFE INSURANCE COMPANY
THIS ILLUSTRATION IS NOT VALID UNLESS PRESENTED WITH SUMMARY PAGES
VERSION TIME GPT - NONGI DATE PAGE OF
<PAGE>
PACIFIC SELECT ESTATE PRESERVER IV - GPT (FORM 97-56)
FLEXIBLE PREMIUM VARIABLE LIFE INSURANCE
SECOND
SELECT NON-SMOKER FEMALE AGE 55
CLIENT PREMIUMS ALLOCATED TO VARIABLE ACCOUNT
SELECT NON-SMOKER MALE AGE 55 PRESENTED BY Pacific Life
Producer
YOU HAVE REQUESTED THAT THIS ILLUSTRATION REFLECT YOUR SELECTION OF UNDERLYING
PORTFOLIOS. THE AMOUNTS SHOWN FOR THE DEATH BENEFITS, ACCUMULATED VALUES AND
CASH SURRENDER VALUES IN THIS ILLUSTRATION REFLECT YOUR SELECTION OF UNDERLYING
PORTFOLIOS AND ACTUAL FUND EXPENSES (EXCLUDING ANY FOREIGN TAXES) INCURRED BY
THE PORTFOLIOS FOR THE YEAR ENDING DECEMBER 31, 1999.
UNDERLYING PORTFOLIOS
<TABLE>
<CAPTION>
Investment
Advisory Other
Portfolio Fee Expenses
---------------------------------------------------
<S> <C> <C>
Money Market 0.35% 0.04%
Managed Bond 0.60% 0.05%
Government Securities 0.60% 0.06%
High Yield 0.60% 0.05%
Small-Cap Equity 0.65% 0.05%
Equity Income 0.65% 0.05%
Multi-Strategy 0.65% 0.05%
International Value 0.85% 0.16%
Equity Index 0.25% 0.04%
Growth LT 0.75% 0.04%
Equity 0.65% 0.04%
Aggressive Equity 0.80% 0.05%
Emerging Markets 1.10% 0.31%
Small-Cap Index 0.50% 0.25%
Mid-Cap Value 0.85% 0.12%
Large-Cap Value 0.85% 0.12%
REIT 1.10% 0.18%
Diversified Research 0.90% 0.05%
International Large-Cap 1.05% 0.15%
I-Net Tollkeeper 1.50% 0.15%
</TABLE>
YOU HAVE SELECTED ALLOCATIONS IN THE UNDERLYING PORTFOLIOS AS STATED ABOVE. THE
AVERAGE ANNUAL EXPENSES WEIGHTED ACCORDING TO YOUR ALLOCATION PERCENTAGES ARE
EQUIVALENT TO AN ANNUAL RATE OF 0.62% FOR INVESTMENT ADVISORY FEES AND 0.06% FOR
OPERATING EXPENSES (AFTER ANY OFFSET FOR CUSTODIAN CREDITS AND EXCLUDING ANY
FOREIGN TAXES) WHICH AMOUNTS TO A TOTAL OF 0.68%. THE OPERATING EXPENSES FOR
THE DIVERSIFIED RESEARCH, INTERNATIONAL LARGE-CAP AND I-NET TOLLKEEPER ARE
ESTIMATED. THE SMALL-CAP EQUITY PORTFOLIO WAS FORMERLY CALLED THE GROWTH
PORTFOLIO. THE INTERNATIONAL VALUE PORTFOLIO WAS FORMERLY CALLED THE
INTERNATIONAL PORTFOLIO. THIS ILLUSTRATION ASSUMES THAT THE ABOVE ALLOCATIONS
REMAIN UNCHANGED. IF YOU CHANGE YOUR ALLOCATIONS, WE RECOMMEND THAT YOU REQUEST
AN ILLUSTRATION REFLECTING THE NEW ALLOCATIONS.
THE AVERAGE ANNUAL EXPENSES FOR ALL AVAILABLE UNDERLYING PORTFOLIOS FOR THE
YEAR ENDING DECEMBER 31, 1999 ARE EQUIVALENT TO AN ANNUAL RATE OF 0.76% FOR
INVESTMENT ADVISORY FEES AND 0.10% FOR OPERATING EXPENSES (AFTER ANY OFFSET
FOR CUSTODIAN CREDITS AND EXCLUDING ANY FOREIGN TAXES) WHICH AMOUNTS TO A
TOTAL OF 0.86%.
THIS ILLUSTRATION SHOWS HOW THE PERFORMANCE OF THE UNDERLYING VARIABLE
INVESTMENT OPTIONS COULD AFFECT THE POLICY VALUES AND DEATH BENEFIT. THE
INFORMATION IS HYPOTHETICAL AND MAY NOT BE USED TO PREDICT INVESTMENT RESULTS.
PLEASE REFER TO THE SUMMARY PAGE FOR A FULL EXPLANATION OF FEES AND EXPENSES.
PACIFIC LIFE INSURANCE COMPANY
THIS ILLUSTRATION IS NOT VALID UNLESS PRESENTED WITH SUMMARY PAGES
VERSION MS7.33 - 3.31 01:20PM GPT - NONGI 3-1-2000 PAGE OF
<PAGE>
PACIFIC SELECT ESTATE PRESERVER IV - GPT (FORM 97-56)
FLEXIBLE PREMIUM VARIABLE LIFE INSURANCE
SECOND
SELECT NON-SMOKER FEMALE AGE 55
CLIENT PREMIUMS ALLOCATED TO VARIABLE ACCOUNT
SELECT NON-SMOKER MALE AGE 55 PRESENTED BY Pacific Life
Producer
THE HYPOTHETICAL GROSS ANNUAL EARNINGS RATE ASSUMPTION IS AFTER BROKERAGE
EXPENSES AND ANY FOREIGN TAXES. A PORTFOLIO'S FOREIGN INVESTMENTS MAY BE SUBJECT
TO FOREIGN TAXES. FOREIGN TAXES FROM INTEREST AND DIVIDEND INCOME ARE TREATED AS
A DEDUCTION FROM RELEVANT INCOME FOR ACCOUNTING PURPOSES RATHER THAN AS AN
EXPENSE.
THE AMOUNTS SHOWN FOR THE DEATH BENEFITS, ACCUMULATED VALUES AND CASH SURRENDER
VALUES REFLECT THE FACT THAT THE NET INVESTMENT RETURN ON THE VARIABLE ACCOUNTS
IS LOWER THAN THE GROSS RETURN ON THE ASSETS AS A RESULT OF CHARGES LEVIED
AGAINST THE ACCOUNTS.
AFTER DEDUCTION OF THESE AMOUNTS, HYPOTHETICAL ILLUSTRATED GROSS ANNUAL
INVESTMENT RETURNS OF 0.00% AND 6.00% CORRESPOND TO APPROXIMATE NET ANNUAL RATES
OF RETURN OF -0.87% AND 5.08% RESPECTIVELY.
NO CHARGE IS CURRENTLY IMPOSED UPON A TRANSFER OF ACCUMULATED VALUE BETWEEN
ACCOUNTS. HOWEVER, PACIFIC LIFE MAY ASSESS SUCH A CHARGE AT A FUTURE DATE
INTEREST IS CHARGED ON POLICY LOANS AT AN EFFECTIVE ANNUAL RATE OF 3.25% IN
ARREARS. INTEREST IS CREDITED TO THE PORTION OF THE ACCUMULATED VALUE SECURING
THE POLICY LOAN AT AN EFFECTIVE ANNUAL RATE OF 3.00%
POLICY LOANS AND/OR WITHDRAWALS MAY HAVE AN ADVERSE EFFECT ON THE POLICY OWNER'S
BENEFITS.
---DEATH BENEFIT OPTION---
START END OPTION
1 35 LEVEL
---BASE POLICY FACE AMOUNT---
START END AMOUNT
1 35 1,500,000
FUTURE ACTION REQUIRED BY POLICY OWNER
If you want to change the premium amount that you are billed, you must request
the change in writing.
THIS ILLUSTRATION SHOWS HOW THE PERFORMANCE OF THE UNDERLYING VARIABLE
INVESTMENT OPTIONS COULD AFFECT THE POLICY VALUES AND DEATH BENEFIT. THE
INFORMATION IS HYPOTHETICAL AND MAY NOT BE USED TO PREDICT INVESTMENT RESULTS.
PLEASE REFER TO THE SUMMARY PAGE FOR A FULL EXPLANATION OF FEES AND EXPENSES.
PACIFIC LIFE INSURANCE COMPANY
THIS ILLUSTRATION IS NOT VALID UNLESS PRESENTED WITH SUMMARY PAGES
VERSION TIME GPT - NONGI DATE PAGE OF
<PAGE>
PACIFIC SELECT ESTATE PRESERVER IV - GPT (FORM 97-56)
FLEXIBLE PREMIUM VARIABLE LIFE INSURANCE
SECOND
SELECT NON-SMOKER FEMALE AGE 55
CLIENT PREMIUMS ALLOCATED TO VARIABLE ACCOUNT
SELECT NON-SMOKER MALE AGE 55 PRESENTED BY Pacific Life
Producer
DECREASES IN ART RIDER AMOUNTS MUST BE REQUESTED AT THE TIME OF THE DECREASE.
WHEN THE DEATH BENEFIT IS GREATER THAN THE FACE AMOUNT DUE TO ACCUMULATED VALUE
GROWTH, PAYMENT OF ADDITIONAL PREMIUM WILL BE SUBJECT TO APPROVAL.
UNDER CURRENT FEDERAL TAX LAW, THIS POLICY WILL QUALIFY AS LIFE INSURANCE ONLY
IF THE SUM OF PREMIUMS PAID AT ANY TIME DOES NOT EXCEED THE GREATER OF THE
GUIDELINE SINGLE PREMIUM OR THE SUM OF THE GUIDELINE LEVEL PREMIUMS AT SUCH
TIME. THE GUIDELINE PREMIUMS WILL CHANGE WHENEVER THERE IS A CHANGE IN THE FACE
AMOUNT OF INSURANCE OR IN OTHER POLICY BENEFITS
BASED ON OUR UNDERSTANDING OF THE INTERNAL REVENUE CODE AND THE ASSUMPTIONS IN
THIS ILLUSTRATION, THIS POLICY WOULD NOT BECOME A MODIFIED ENDOWMENT CONTRACT
(MEC). THE FEDERAL INCOME TAX CONSEQUENCES OF A MEC CAN BE SIGNIFICANT.
CONSULT YOUR TAX ADVISOR FOR FURTHER DETAILS.
ALL VALUES ASSUME PREMIUMS AND LOAN INTEREST ARE PAID WHEN DUE. IF A PAYMENT IS
RECEIVED WITHOUT BEING DESIGNATED AS A PREMIUM PAYMENT OR LOAN PAYMENT, AND
THERE IS AN OUTSTANDING LOAN, THE PAYMENT WILL BE APPLIED AS A LOAN PAYMENT.
THIS ILLUSTRATION WAS PREPARED FOR PRESENTATION IN THE STATE OF CALIFORNIA.
PACIFIC SELECT ESTATE PRESERVER IV IS DISTRIBUTED BY
Pacific Select Distributors, Inc., (formerly known as Pacific Mutual
Distributors, Inc.)
MEMBER NASD & SIPC, A SUBSIDIARY OF PACIFIC LIFE
THIS ILLUSTRATION SHOWS HOW THE PERFORMANCE OF THE UNDERLYING VARIABLE
INVESTMENT OPTIONS COULD AFFECT THE POLICY VALUES AND DEATH BENEFIT. THE
INFORMATION IS HYPOTHETICAL AND MAY NOT BE USED TO PREDICT INVESTMENT RESULTS.
PLEASE REFER TO THE SUMMARY PAGE FOR A FULL EXPLANATION OF FEES AND EXPENSES.
PACIFIC LIFE INSURANCE COMPANY
THIS ILLUSTRATION IS NOT VALID UNLESS PRESENTED WITH SUMMARY PAGES
VERSION TIME GPT - NONGI DATE PAGE OF
