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SUPPLEMENT DATED DECEMBER 7, 2000 TO
PROSPECTUS DATED MAY 1, 2000 FOR
PACIFIC INNOVATIONS, 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 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 aggregate
Purchase Payments less an adjusted amount for each withdrawal increased at an
effective annual rate of 5% to that day, subject to a maximum of two times the
difference between the aggregate Purchase Payments and 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 following the date the Annuitant reaches his or her 80th birthday;
(ii) the date of death of the sole Annuitant; or (iii) the Annuity Date.
WITHDRAWAL CHARGE
We cannot waive any withdrawal charge on full or partial withdrawals if the
Annuitant has been diagnosed with a medically determinable condition that
results in a life expectancy of twelve (12) months or less and/or has been
confined to an accredited nursing home for 60 days or longer.
Form No. PITXSUP120A
