PSF Portfolio Optimization Growth QQQQ Out of 2057 ...

1 Release Date: 03-31-2018 PSF Portfolio Optimization Growth Available through Pacific Life Variable Annuity ProductsBenchmark: S&P 500 TR USDO verall Morningstar Rating Morningstar ReturnMorningstar RiskQQQA verageLowOut of 2014 Allocation--70% to 85% Equity VA subaccounts. An investment's overall Morningstar Rating, basedon its risk-adjusted return, is a weighted average of its applicable 3-, 5-, and 10-year Ratings. See disclosure Strategy from underlying investment's prospectusThe investment seeks moderately high, long-term capital appreciation with low, current income. The fund is a "fund of funds" that seeks to achieve its investment goal by investing in other funds of the Trust (the "underlying funds"). Under normal market conditions, the fund targets the following approximate exposure to the two broad asset classes: 25% in debt and 75% in Description: Allocation--70% to 85% EquityFunds in allocation categories seek to provide both income andcapital appreciation by investing in multiple asset classes,including stocks, bonds, and cash.

2 These portfolios aredominated by domestic holdings and have equity exposuresbetween 70% and 85%.Morningstar Proprietary Statistics as of 03-31-18 Fund RankMorningstarout of # Year15 QQQQ20145 Year41 QQQ163710 Incp Date05-02-11 Management CompanyPacific Life Fund Advisors LLC(PLFA) Manager(s)Howard Hirakawa. Since Muench. Since Park. Since Gokhman. Since AnalysisComposition as of 03-31-18% Equity Style Box as of 03-31-18 LargeMidSmallValue Blend GrowthMorningstar Sectors as of 03-31-18% Fundh Basic Consumer Financial Real Communication Consumer Holdings as of 03-31-18% AssetsPacific Select International Large-Cap Select International Value Select Emerging Markets Select Diversified Bond Select Large-Cap Value Select Large-Cap Growth Select Equity Long/Short Select Mid-Cap Value Select Value Advantage Select Growth Select Currency Strats Select Emerging Markets Debt Select Global Absolute Ret Select Managed Bond Select International Small-Cap Number of Holdings33 Annual Turnover Ratio % Cost Ratio 3 Fund Assets ($mil)9, as of 03-31-18 Port AvgRel S&P 500 Rel CatP/E ($mil)

3 31, Measures as of 03-31-18 Port AvgRel S&P 500 Rel Cat3 Yr Std Yr Yr Sharpe Yr Yr Information investment option is available only through variableannuities from Pacific Life. Variable annuities are long-terminvestments designed for retirement. The value of the variableinvestment options will fluctuate so that shares, whenredeemed, may be worth more or less than the original withdrawals and other distributions of taxable amounts,including death benefit payouts, will be subject to ordinaryincome tax. For nonqualified contracts, an additional tax of apply on net investment income. If withdrawals and otherdistributions are taken prior to age 59 1/2, an additional 10%federal tax may apply. A withdrawal charge also may will reduce the contract value and the value of thedeath benefits, and also may reduce the value of any Life refers to Pacific Life Insurance Company and itsaffiliates, including Pacific Life & Annuity Company.

4 Insuranceproducts are issued by Pacific Life Insurance Company in allstates except New York and in New York by Pacific Life & AnnuityCompany. Product availability and features may vary by insurance company is solely responsible for the financialobligations accruing under the products it issues. Insuranceproduct and rider guarantees, including optional benefits andany fixed subaccount crediting rates or annuity payout rates, arebacked by the financial strength and claims-paying ability of theissuing insurance company and do not protect the value of thevariable investment options. They are not backed by the broker/dealer from which this annuity is purchased, by the insuranceagency from which this annuity is purchased, or any affiliates ofthose entities, and none makes any representations orguarantees regarding the claims-paying ability of the issuinginsurance company. Variable annuities and shares of the PacificSelect Fund are distributed by Pacific Select Distributors,LLC (member FINRA & SIPC), a subsidiary of Pacific LifeInsurance Company (Newport Beach, CA) and an affiliate ofPacific Life & Annuity Company, and are available throughlicensed third fact sheet must be preceded or accompanied by theproduct and underlying fund prospectuses which areavailable from your financial advisor.

5 Theseprospectuses contain more complete information aboutPacific Life and a variable annuity's risks, charges,limitations, and expenses, as well as the risks, charges,expenses, and investment objectives of the underlyinginvestment options. Read the prospectuses carefullybefore page must be accompanied by all disclosure 2018 Morningstar, Inc., Morningstar Investment Profiles 312-696-6000. All rights reserved. The information contained herein: (1) is proprietary toMorningstar and/or its content providers; (2) may not be copied or distributed and (3) is not warranted to be accurate, complete or timely. Neither Morningstarnor its content providers are responsible for any damages or losses arising from any use of information. Past performance is no guarantee of futureperformance. Visit our investment website at Page 1 of 4 Pacific Life Insurance Company contracts Morningstar Inc., fora fee, as a third-party advisor to produce this fact sheet.

6 In thiscapacity, Morningstar independently provides analysis on theunderlying investment options for Pacific Life. Pacific Life and itsaffiliates have not independently verified this information. The Morningstar Fact Sheet is provided to help you furtherevaluate the investment options available within Pacific Lifevariable annuities. This information (including MorningstarRating) does not reflect expenses and charges that are, or maybe, imposed under your variable annuity contract. Forinformation on these charges, please refer to the applicablevariable annuity contract or variable annuity prospectus. Morningstar chooses the applicable benchmark for eachportfolio. This index may differ from the benchmark index or theindices in the underlying prospectuses. The index is anunmanaged Portfolio of specified securities and the index doesnot reflect any initial or ongoing expenses. Indexes cannot beinvested in directly. See the underlying prospectuses for moreinformation on benchmarks and definitions.

7 Pacific Life Fund Advisors, LLC (PLFA), is the investmentadviser to the Pacific Select Fund (PSF) and the manager ofcertain PSF portfolios. PLFA also does business under the namePacific Asset Management and manages certain PSF portfoliosunder that name. For PSF investment options, the information presented isabout subaccounts funded by corresponding Pacific Select Fundportfolios. Pacific Select Fund is an underlying investmentvehicle to Pacific Life variable products. The PSF DFA Balanced Allocation Portfolio , Pacific Dynamix-Conservative Growth , Pacific Dynamix-Moderate Growth ,Pacific Dynamix- Growth , Portfolio Optimization Conservative, Portfolio Optimization Moderate-Conservative, PortfolioOptimization Moderate, Portfolio Optimization Growth , andPortfolio Optimization Aggressive- Growth portfolios are eachstructured as a fund-of-funds , and assumes investment in avariety of underlying funds. It also involves direct expenses foreach fund and indirect expenses for the underlying funds, whichtogether can be higher than expenses incurred when investingdirectly in an underlying fund.

8 For more information on thesecharges, please refer to the applicable variable annuityprospectus. American Century Investment Services, Inc., American FundsDistributors, Inc., BlackRock Distributors, Inc., FidelityDistributors Corporation, First Trust Portfolios , FranklinTempleton Distributors, Inc., Invesco Distributors, Inc., IvyDistributors, Inc., Janus Henderson Distributors LLC, JPMorganDistribution Services, Inc., Legg Mason Investor Services,LLC, Lord Abbett Distributor LLC, MFS Fund Distributors,Inc., Neuberger Berman Management LLC, OppenheimerFundsDistributor, Inc., PIMCO Investments LLC, State Street GlobalMarkets, VanEck Securities Corporation, and the products eachdistributes are not affiliated with Pacific Life or Pacific SelectDistributors, LLC. Third-party trademarks and service marks arethe property of their respective to Franklin Templeton FundsBecause the Franklin Templeton Founding Funds Allocation VIPFund invests in underlying funds that may engage in a variety ofinvestment strategies involving certain risks, this fund may besubject to those same risks.

9 It also involves direct expenses foreach fund and indirect expenses for the underlying funds, whichtogether can be higher than expenses incurred when investingdirectly in an underlying fund. Investments in stocks offer thepotential for long-term gains but can be subject to short-termprice fluctuations. Because the underlying funds invest in bondsand other debt obligations, the fund s share price and yield willbe affected by interest rate movements. Bond prices generallymove in the opposite direction from interest rates. Thus, as theprices of bonds in the fund adjust to a rise in interest rates, thefund s share price may decline. High yield, lower-rated (junk)bonds generally have greater price swings and higher defaultrisks than investment-grade bonds. Foreign investing, especiallyin emerging markets, involves additional risks, includingcurrency fluctuations, economic instability, market volatility, andpolitical and social instability.

10 These and other risks aredescribed more fully in the fund s prospectus. The fund is a seriesof Franklin Templeton Variable Insurance Products Trust (FTVIP).Shares are generally sold only to insurance company separateaccounts. The fund is distributed by Franklin TempletonDistributors, Inc., One Franklin Parkway, San Mateo, CA94403-1906. Franklin Advisers, Inc. serves as the fund sinvestment manager. Templeton Global Advisors Limited servesas the fund s investment manager. Franklin Mutual Advisers,LLC serves as the fund s investment manager. Applicable to Russell IndexesThe Russell 2000 Index and Russell 2000 Value Index (together,the Indexes ) are calculated by Russell or its agent, aretrademarks of Frank Russell Company ( Russell ), and have beenlicensed for use by Pacific Select Fund ( PSF ). Neither Russellnor the London Stock Exchange Group companies (together the Licensor Parties ) sponsor, endorse, sell or promote anyportfolios of PSF, the content of this communication, or makeany claim, prediction, warranty or representation whatsoever,expressly or impliedly, either as to (i) the results to be obtainedfrom the use of the Indexes, or (ii) the suitability of the Indexesfor the purpose to which they are being put.