Common use of Variable Accounts Clause in Contracts

Variable Accounts. Each Variable Account may invest its assets in a separate class of shares of a designated investment company or companies. The Variable Accounts of our Separate Account that were available for your initial allocations are shown in your application for this policy. From time to time, we may make other Variable Accounts available to you. We will provide you with written notice of all material details including investment objectives and all charges. We reserve the right, subject to compliance with the law then in effect, to: • Change or add designated investment companies • Add, remove or combine Variable Accounts • Add, delete or make substitutions for the securities that are held or purchased by the Separate Account or any Variable Account • Register or deregister any Variable Account under the Investment Company Act of 1940 • Change the classification of any Variable Account • Operate any Variable Account as a managed investment company or as a unit investment trust • Combine the assets of any Variable Account with other separate accounts or subaccounts of ours or our affiliates • Transfer the assets of any Variable Account to other separate accounts or subaccounts of ours or our affiliates • Run any Variable Account under the direction of a committee, board, or other group • Restrict or eliminate any voting rights of policy Owners with respect to any Variable Account, or other persons who have voting rights as to any Variable Account • Change the allocations permitted under the policy • Terminate and liquidate any Variable Account • Make any other change needed to comply with law If any of these changes result in a material change in the underlying investment of a Variable Account of our Separate Account, we will notify you of such change. Unless required by law or regulation, an investment policy may not be changed without our consent. We will not change the investment policy of the Separate Account without the approval of the Insurance Commissioner of our state of domicile. The process for such approval is on file.

Variable Accounts. Each Variable Account may invest its assets in a separate class of shares of a designated investment company or companies. The Variable Accounts of our Separate Account that were available for your initial allocations are shown in your application for this policy. From time to time, we may make other Variable Accounts available to you. We will provide you with written notice of all material details including investment objectives and all charges. We reserve the right, subject to compliance with the law then in effect, to: • Change change or add designated investment companies companies; • Addadd, remove or combine Variable Accounts Accounts; • Addadd, delete or make substitutions for the securities that are held or purchased by the Separate Account or any Variable Account Account; • Register register or deregister any Variable Account under the Investment Company Act of 1940 1940; • Change change the classification of any Variable Account Account; • Operate operate any Variable Account as a managed investment company or as a unit investment trust trust; • Combine combine the assets of any Variable Account with other separate accounts or subaccounts of ours or our affiliates affiliates; • Transfer transfer the assets of any Variable Account to other separate accounts or subaccounts of ours or our affiliates affiliates; • Run run any Variable Account under the direction of a committee, board, or other group group; • Restrict restrict or eliminate any voting rights of policy Owners with respect to any Variable Account, or other persons who have voting rights as to any Variable Account Account; • Change change the allocations permitted under the policy policy; • Terminate terminate and liquidate any Variable Account Account; and • Make make any other change needed to comply with law law. If any of these changes result in a material change in the underlying investment of a Variable Account of our Separate Account, we will notify you of such change. Unless required by law or regulation, an investment policy may not be changed without our consent. We will not change the investment policy of the Separate Account without the approval of the Insurance Commissioner of our state of domicile. The process for such approval is on file.

Variable Accounts. Each Variable Account may invest its assets in a separate class of shares of a designated investment company or companies. The Variable Accounts of our Separate Account that were available for your initial allocations are shown in your application Application for this policy. From time to time, we may make other Variable Accounts available to you. We will provide you with written notice of all material details including investment objectives and all charges. We reserve the right, subject to compliance with the law then in effect, to: • Change or add designated investment companies companies; • Add, remove or combine Variable Accounts Accounts; • Add, delete or make substitutions for the securities that are held or purchased by the Separate Account or any Variable Account Account; • Register or deregister any Variable Account under the Investment Company Act of 1940 1940; • Change the classification of any Variable Account Account; • Operate any Variable Account as a managed investment company or as a unit investment trust trust; • Combine the assets of any Variable Account with other separate accounts or subaccounts of ours or our affiliates affiliates; • Transfer the assets of any Variable Account to other separate accounts or subaccounts of ours or our affiliates affiliates; • Run any Variable Account under the direction of a committee, board, or other group group; • Restrict or eliminate any voting rights of policy Owners owners with respect to any Variable Account, or other persons who have voting rights as to any Variable Account Account; • Change the allocations permitted under the policy policy; • Terminate and liquidate any Variable Account Account; and • Make any other change needed to comply with law law. If any of these changes result in a material change in the underlying investment of a Variable Account of our Separate Account, we will notify you of such change. Unless required by law or regulation, an investment policy may not be changed without our consent. We will not change the investment policy of the Separate Account without the approval of the Insurance Commissioner of our state of domicile. The process for such approval is on file.

Variable Accounts. Each Variable Account may invest its assets in a separate class of shares of a designated investment company or companies. The Variable Accounts of our Separate Account that were available for your initial allocations are shown in your application for this policy. From time to time, we may make other Variable Accounts available to you. We will provide you with written notice of all material details including investment objectives and all charges. We reserve the right, subject to compliance with the law then in effect, to: • Change change or add designated investment companies companies; • Addadd, remove or combine Variable Accounts Accounts; • Addadd, delete or make substitutions for the securities that are held or purchased by the Separate Account or any Variable Account Account; • Register register or deregister any Variable Account under the Investment Company Act of 1940 1940; • Change change the classification of any Variable Account Account; • Operate operate any Variable Account as a managed investment company or as a unit investment trust trust; • Combine combine the assets of any Variable Account with other separate accounts or subaccounts of ours or our affiliates affiliates; • Transfer transfer the assets of any Variable Account to other separate accounts or subaccounts of ours or our affiliates affiliates; • Run run any Variable Account under the direction of a committee, board, or other group group; • Restrict restrict or eliminate any voting rights of policy Owners with respect to any Variable Account, or other persons who have voting rights as to any Variable Account Account; • Change change the allocations permitted under the policy policy; • Terminate terminate and liquidate any Variable Account Account; and • Make make any other change needed to comply with law law. In spite of the above, we will not transfer any investment, or asset held for investment, between separate accounts or between separate and other accounts, provided that the superintendent of the New York Insurance Department may authorize transfers in circumstances where such transfers would not be inequitable. If any of these changes result in a material change in the underlying investment of a Variable Account of our Separate Account, we will notify you of such change. Unless required by law or regulation, an investment policy may not be changed without our consent. We will not change the investment policy of the Separate Account without the approval of the Insurance Commissioner of the state of Arizona, our state of domicile, and without the approval of the Insurance Department of the state of New York. The process for such approval is on file.

Variable Accounts. Each Variable Account may invest its assets in a separate class of shares of a designated investment company or companies. The Variable Accounts of our Separate Account that were available for your initial allocations are shown in your application for this policythe Policy Specifications. From time to time, we may make other Variable Accounts available to you. We will provide you with written notice of all material details including investment objectives and all charges. We reserve the right, subject to compliance with the law then in effect, to: • Change · change or add designated investment companies • Addcompanies; · add, remove or combine Variable Accounts • AddAccounts; · add, delete or make substitutions for the securities that are held or purchased by the Separate Account or any Variable Account • Register Account; · register or deregister any Variable Account under the Investment Company Act of 1940 • Change 1940; · change the classification of any Variable Account • Operate Account; · operate any Variable Account as a managed investment company or as a unit investment trust • Combine trust; · combine the assets of any Variable Account with other separate accounts Separate Accounts or subaccounts of ours or our affiliates • Transfer affiliates; · transfer the assets of any Variable Account to other separate accounts Separate Accounts or subaccounts of ours or our affiliates • Run affiliates; · run any Variable Account under the direction of a committee, board, or other group • Restrict group; · restrict or eliminate any voting rights of policy Owners with respect to any Variable Account, or other persons who have voting rights as to any Variable Account • Change Account; · change the allocations permitted under the policy • Terminate policy; · terminate and liquidate any Variable Account • Make Account; and · make any other change needed to comply with law law. If any of these changes result in a material change in the underlying investment of a Variable Account of our Separate Account, we will notify you of such change. Unless required by law or regulation, an investment policy may not be changed without our consent. We will not change the investment policy of the Separate Account without the approval of the Insurance Commissioner of our in the state of domicile. The California, and the approval process for such approval is on filefile with the Commissioner.

Variable Accounts. Each Variable Account may invest its assets in a separate class of shares of a designated investment company or companies. The Variable Accounts of our Separate Account that were available for your initial allocations are shown in your application for this policy. From time to time, we may make other Variable Accounts available to you. We will provide you with written notice of all material details including investment objectives and all charges. We reserve the right, subject to compliance with the law then in effect, to: • Change change or add designated investment companies companies; • Addadd, remove or combine Variable Accounts Accounts; • Addadd, delete or make substitutions for the securities that are held or purchased by the Separate Account or any Variable Account Account; • Register register or deregister any Variable Account under the Investment Company Act of 1940 1940; • Change change the classification of any Variable Account Account; • Operate operate any Variable Account as a managed investment company or as a unit investment trust trust; • Combine combine the assets of any Variable Account with other separate accounts or subaccounts of ours or our affiliates affiliates; • Transfer transfer the assets of any Variable Account to other separate accounts or subaccounts of ours or our affiliates affiliates; • Run run any Variable Account under the direction of a committee, board, or other group group; • Restrict restrict or eliminate any voting rights of policy Owners with respect to any Variable Account, or other persons who have voting rights as to any Variable Account Account; • Change change the allocations permitted under the policy policy; • Terminate terminate and liquidate any Variable Account Account; and • Make make any other change needed to comply with law law. In spite of the above, we will not transfer any investment, or asset held for investment, between separate accounts or between separate and other accounts, provided that the superintendent of the New York Insurance Department may authorize transfers in circumstances where such transfers would not be inequitable. If any of these changes result in a material change in the underlying investment of a Variable Account of our Separate Account, we will notify you of such change. Unless required by law or regulation, an investment policy may not be changed without our consent. We will not change the investment policy of the Separate Account without the approval of the Insurance Commissioner of the state of Arizona, our state of domicile, and without the approval of the Insurance Department of the state of New York. The process for such approval is on file. OWNER AND BENEFICIARY Owner — The Owner of this policy is as shown in the Policy Specifications or in a later Written Request. If you change the Owner, the change is effective on the date the Written Request is signed, subject to our receipt of it. If there are two or more Owners, they will own this contract as joint tenants with right of survivorship.

Variable Accounts. Each Variable Account may invest its assets in a separate class of shares of a designated investment company or companies. The Variable Accounts of our Separate Account that were available for your initial allocations are shown in your application Application for this policyPolicy. From time to time, we may make other Variable Accounts available to you. We will provide you with written notice of all material details including investment objectives and all charges. We reserve the right, subject to compliance with the law then in effect, to: • Change or add designated investment companies • Add, remove or combine Variable Accounts • Add, delete or make substitutions for the securities that are held or purchased by the Separate Account or any Variable Account • Register or deregister any Variable Account under the Investment Company Act of 1940 • Change the classification of any Variable Account • Operate any Variable Account as a managed investment company or as a unit investment trust ICC13 P13SVL Page 40 • Combine the assets of any Variable Account with other separate accounts or subaccounts of ours or our affiliates • Transfer the assets of any Variable Account to other separate accounts or subaccounts of ours or our affiliates • Run any Variable Account under the direction of a committee, board, or other group • Restrict or eliminate any voting rights of policy Policy Owners with respect to any Variable Account, or other persons who have voting rights as to any Variable Account • Change the allocations permitted under the policy Policy • Terminate and liquidate any Variable Account • Make any other change needed to comply with law If any of these changes result in a material change in the underlying investment of a Variable Account of our Separate Account, we will notify you of such change. Unless required by law or regulation, an investment policy may not be changed without our consent. We will not change the investment policy of the Separate Account without the approval of the Insurance Commissioner of our state of domicile. The process for such approval is on file.

Variable Accounts. Each Variable Account may invest its assets in a separate class of shares of a designated investment company or companies. The Variable Accounts of our Separate Account that were available for your initial allocations are shown in your application Application for this policyPolicy. From time to time, we may make other Variable Accounts available to you. We will provide you with written notice of all material details including investment objectives and all charges. We reserve the right, subject to compliance with the law then in effect, to: • Change or add designated investment companies companies; • Add, remove or combine Variable Accounts Accounts; • Add, delete or make substitutions for the securities that are held or purchased by the Separate Account or any Variable Account Account; • Register or deregister any Variable Account under the Investment Company Act of 1940 1940; • Change the classification of any Variable Account Account; • Operate any Variable Account as a managed investment company or as a unit investment trust trust; • Combine the assets of any Variable Account with other separate accounts or subaccounts of ours or our affiliates affiliates; • Transfer the assets of any Variable Account to other separate accounts or subaccounts of ours or our affiliates affiliates; • Run any Variable Account under the direction of a committee, board, or other group group; • Restrict or eliminate any voting rights of policy Policy Owners with respect to any Variable Account, or other persons who have voting rights as to any Variable Account Account; • Change the allocations permitted under the policy Policy; • Terminate and liquidate any Variable Account Account; and • Make any other change needed to comply with law law. If any of these changes result in a material change in the underlying investment of a Variable Account of our Separate Account, we will notify you of such change. Unless required by law or regulation, an investment policy may not be changed without our consent. We will not change the investment policy of the Separate Account without the approval of the Insurance Commissioner of our state of domicile. The process for such approval is on file.

Variable Accounts. Each Variable Account may invest its assets in a separate class of shares of a designated investment company or companies. The Variable Accounts of our Separate Account that were available for your initial allocations are shown in your application Application for this policyPolicy. From time to time, we may make other Variable Accounts available to you. We will provide you with written notice of all material details including investment objectives and all charges. We reserve the right, subject to compliance with the law then in effect, to: • · Change or add designated investment companies • companies; · Add, remove or combine Variable Accounts • Accounts; · Add, delete or make substitutions for the securities that are held or purchased by the Separate Account or any Variable Account • Account; · Register or deregister any Variable Account under the Investment Company Act of 1940 • 1940; · Change the classification of any Variable Account • Account; · Operate any Variable Account as a managed investment company or as a unit investment trust • trust; · Combine the assets of any Variable Account with other separate accounts or subaccounts of ours or our affiliates • affiliates; · Transfer the assets of any Variable Account to other separate accounts or subaccounts of ours or our affiliates • affiliates; · Run any Variable Account under the direction of a committee, board, or other group • group; · Restrict or eliminate any voting rights of policy Policy Owners with respect to any Variable Account, or other persons who have voting rights as to any Variable Account • Account; · Change the allocations permitted under the policy • Policy; · Terminate and liquidate any Variable Account • Account; and · Make any other change needed to comply with law law. If any of these changes result in a material change in the underlying investment of a Variable Account of our Separate Account, we will notify you of such change. Unless required by law or regulation, an investment policy may not be changed without our consent. We will not change the investment policy of the Separate Account without the approval of the Insurance Commissioner of our state of domicile. The process for such approval is on file.

Variable Accounts. Each Variable Account may invest its assets in a separate class of shares of a designated investment company or companies. The Variable Accounts of our Separate Account that were available for your initial allocations are shown in your application Application for this policyPolicy. From time to time, we may make other Variable Accounts available to you. We will provide you with written notice of all material details including investment objectives and all charges. We reserve the right, subject to compliance with the law then in effect, to: • Change or add designated investment companies • Add, remove or combine Variable Accounts • Add, delete or make substitutions for the securities that are held or purchased by the Separate Account or any Variable Account • Register or deregister any Variable Account under the Investment Company Act of 1940 • Change the classification of any Variable Account • Operate any Variable Account as a managed investment company or as a unit investment trust • Combine the assets of any Variable Account with other separate accounts or subaccounts of ours or our affiliates • Transfer the assets of any Variable Account to other separate accounts or subaccounts of ours or our affiliates • Run any Variable Account under the direction of a committee, board, or other group • Restrict or eliminate any voting rights of policy Policy Owners with respect to any Variable Account, or other persons who have voting rights as to any Variable Account • Change the allocations permitted under the policy Policy • Terminate and liquidate any Variable Account • Make any other change needed to comply with law If any of these changes result in a material change in the underlying investment of a Variable Account of our Separate Account, we will notify you of such change. Unless required by law or regulation, an investment policy may not be changed without our consent. We will not change the investment policy of the Separate Account without the approval of the Insurance Commissioner of our state of domicile. The process for such approval is on file.

Variable Accounts. Each Variable Account may invest its assets in a separate class of shares of a designated investment company or companies. The Variable Accounts of our Separate Account that were available for your initial allocations allocations, are shown in your on the policy specifications pages. The allocations that you initially choose are shown on the copy of the application for attached to this policyPolicy. From time to time, time we may make other Variable Accounts available to you. We will provide you with written notice of all material details including investment objectives and all charges. We reserve the right, subject to compliance with the law then in effect, to: • Change - change or add designated investment companies • Addcompanies; - add, remove or combine Variable Accounts • AddAccounts; - add, delete or make substitutions for the securities that are held or purchased by the Separate Account or any Variable Account • Register Account; - register or deregister any Variable Account under the Investment Company Act of 1940 • Change 1940; - to change the classification of any Variable Account • Operate Account; - operate any Variable Account as a managed investment company or as a unit investment trust • Combine trust; - combine the assets of any Variable Account with other separate accounts or subaccounts thereof of ours PM or our affiliates • Transfer an affiliate thereof; - transfer the assets of any Variable Account to other separate accounts or subaccounts thereof of ours PM or our affiliates • Run an affiliate thereof; - run any Variable Account under the direction of a committee, board, or other group • Restrict group; - restrict or eliminate any voting rights of policy Owners owners with respect to any Variable Account, or other persons who have voting rights as to any Variable Account • Change Account. Also, unless required by law or regulation, an investment policy may not be changed without our consent; - change the allocations permitted under the policy • Terminate policy; - terminate and liquidate any Variable Account • Make any other change needed to Account; and - comply with law law. If any of these changes result in a material change in the underlying investment investments of a Variable Account of our Separate Account, we will notify you of such change. Unless required by law or regulation, an investment policy may not be changed without our consent. We will not change the investment policy of the Separate Account without following the approval filing and other procedures of the Insurance Commissioner in the State of our California and without following the filing and other procedures established by insurance regulators of the state of domicileissue. The process for such approval is on file.[LETTERHEAD OF PACIFIC MUTUAL LIFE INSURANCE COMPANY]

Variable Accounts. Each Variable Account may invest its assets in a separate class of shares of a designated investment company or companies. The Variable Accounts of our Separate Account that were available for your initial allocations are shown in your application for this policy. From time to time, we may make other Variable Accounts available to you. We will provide you with written notice of all material details including investment objectives and all charges. We reserve the right, subject to compliance with the law then in effect, to: • Change · change or add designated investment companies • Addcompanies; · add, remove or combine Variable Accounts • AddAccounts; · add, delete or make substitutions for the securities that are held or purchased by the Separate Account or any Variable Account • Register Account; · register or deregister any Variable Account under the Investment Company Act of 1940 • Change 1940; · change the classification of any Variable Account • Operate Account; · operate any Variable Account as a managed investment company or as a unit investment trust • Combine trust; · combine the assets of any Variable Account with other separate accounts or subaccounts of ours or our affiliates • Transfer affiliates; · transfer the assets of any Variable Account to other separate accounts or subaccounts of ours or our affiliates • Run affiliates; · run any Variable Account under the direction of a committee, board, or other group • Restrict group; · restrict or eliminate any voting rights of policy Owners with respect to any Variable Account, or other persons who have voting rights as to any Variable Account • Change Account; · change the allocations permitted under the policy • Terminate policy; · terminate and liquidate any Variable Account • Make Account; and · make any other change needed to comply with law law. In spite of the above, we will not transfer any investment, or asset held for investment, between separate accounts or between separate and other accounts, provided that the superintendent of the New York Insurance Department may authorize transfers in circumstances where such transfers would not be inequitable. If any of these changes result in a material change in the underlying investment of a Variable Account of our Separate Account, we will notify you of such change. Unless required by law or regulation, an investment policy may not be changed without our consent. We will not change the investment policy of the Separate Account without the approval of the Insurance Commissioner of the state of Arizona, our state of domicile, and without the approval of the Insurance Department of the state of New York. The process for such approval is on file.

Variable Accounts. Each Variable Account may invest its assets in a separate class of shares of a designated investment company or companies. The Variable Accounts of our Separate Account that were available for your initial allocations are shown in your application Application for this policyPolicy. From time to time, we may make other Variable Accounts available to you. We will provide you with written notice of all material details including investment objectives and all charges. We reserve the right, subject to compliance with the law then in effect, to: • Change or add designated investment companies • Add, remove or combine Variable Accounts • Add, delete or make substitutions for the securities that are held or purchased by the Separate Account or any Variable Account • Register or deregister any Variable Account under the Investment Company Act of 1940 • Change the classification of any Variable Account • Operate any Variable Account as a managed investment company or as a unit investment trust ICC13 P13MS3 Page 32 • Combine the assets of any Variable Account with other separate accounts or subaccounts of ours or our affiliates • Transfer the assets of any Variable Account to other separate accounts or subaccounts of ours or our affiliates • Run any Variable Account under the direction of a committee, board, or other group • Restrict or eliminate any voting rights of policy Policy Owners with respect to any Variable Account, or other persons who have voting rights as to any Variable Account • Change the allocations permitted under the policy Policy • Terminate and liquidate any Variable Account • Make any other change needed to comply with law If any of these changes result in a material change in the underlying investment of a Variable Account of our Separate Account, we will notify you of such change. Unless required by law or regulation, an investment policy may not be changed without our consent. We will not change the investment policy of the Separate Account without the approval of the Insurance Commissioner of our state of domicile. The process for such approval is on file.

Variable Accounts. Each Variable Account may invest its assets in a separate class of shares of a designated investment company or companies. The Variable Accounts of our Separate Account that were available for your initial allocations are shown in your application for this policythe Policy Specifications. From time to time, we may make other Variable Accounts available to you. We will provide you with written notice of all material details including investment objectives and all charges. We reserve the right, subject to compliance with the law then in effect, to: • Change change or add designated investment companies companies; • Addadd, remove or combine Variable Accounts Accounts; • Addadd, delete or make substitutions for the securities that are held or purchased by the Separate Account or any Variable Account Account; • Register register or deregister any Variable Account under the Investment Company Act of 1940 1940; • Change change the classification of any Variable Account Account; • Operate operate any Variable Account as a managed investment company or as a unit investment trust trust; • Combine combine the assets of any Variable Account with other separate accounts Separate Accounts or subaccounts of ours or our affiliates affiliates; • Transfer transfer the assets of any Variable Account to other separate accounts Separate Accounts or subaccounts of ours or our affiliates affiliates; • Run run any Variable Account under the direction of a committee, board, or other group group; • Restrict restrict or eliminate any voting rights of policy Owners with respect to any Variable Account, or other persons who have voting rights as to any Variable Account Account; • Change change the allocations permitted under the policy policy; • Terminate terminate and liquidate any Variable Account Account; and • Make make any other change needed to comply with law law. If any of these changes result in a material change in the underlying investment of a Variable Account of our Separate Account, we will notify you of such change. Unless required by law or regulation, an investment policy may not be changed without our consent. We will not change the investment policy of the Separate Account without the approval of the Insurance Commissioner of our in the state of domicile. The California, and the approval process for such approval is on filefile with the Commissioner.