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Supplement dated December 12, 2000 to
Prospectus dated May 1, 2000 for
Pacific Value, a variable annuity contract
issued by Pacific Life Insurance Company
APPENDIX A: STATE LAW VARIATIONS to the Prospectus is amended by adding the
following:
For Contracts delivered to residents of Washington:
The second paragraph under the Optional Premier Death Benefit Rider section is
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, 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 sole Annuitant reaches his or her 81st birthday; (ii) the date of
death of the sole Annuitant; or (iii) the Annuity Date.
Form No. PVWASUP120
