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Supplement dated September 10, 1999 to
Prospectus and Statement of Additional Information Dated May 1, 1999
for Pacific Value Variable Annuity
Issued by Pacific Life Insurance Company ("Prospectus" and "SAI")
APPENDIX A: STATE LAW VARIATIONS to the Prospectus is amended by adding the
following:
For Contracts delivered to residents of Texas:
If, at the time your application is completed, you purchase the optional Premier
Death Benefit Rider ("PDBR"), the Death Benefit Amount stated in the Death
Benefit Amounts and Optional Premier Death Benefit Rider sections are replaced
with the following:
The Death Benefit Amount as of any day (prior to the Annuity Date) is equal to
the greater of (a) your Contract Value as of that day, or (b) your Purchase
Payments less any withdrawals, including withdrawal charges, increased at an
effective annual rate of 5% to that day (and subject to a maximum of two times
the aggregate Purchase Payments less any withdrawals, including withdrawal
charges). The 5% effective annual rate of growth will take into account the
timing of when each Purchase Payment and withdrawal occurred by applying a daily
factor of 1.00013368 to each day's balance. The 5% effective annual rate of
growth will stop accruing as of the earlier of: (i) the Contract Anniversary
before the date the Annuitant reaches his or her 81st birthday; (ii) the date of
death of the sole Annuitant; or (iii) the Annuity Date.
Form No. PV-TX0999
