Investor Presentaiton

1 FA-Backed Structure Overview Pacific Life Legal Entity Overview Pacific Mutual Holding Company Funding Agreement Pacific LifeCorp Pacific Life Insurance Company Cash Cash Pacific Life Global Funding II Institutional Investors FA-Backed Notes Rating based on note issuance in January 2023 PACIFIC LIFE • FA-Backed Note Mechanics Pacific Life Global Funding II, a Delaware statutory trust, issues global medium-term notes Each series of notes will be secured by one or more Funding Agreements from Pacific Life Insurance Company When Pacific Life Global Funding Il issues a series of notes, the proceeds from the issuance will be used to purchase a Funding Agreement from Pacific Life Insurance Company, which will in turn use the cash to invest in a portfolio of assets The Funding Agreement will mirror Pacific Life Global Funding II's interest and principal payments on the notes Under Nebraska statutory law, the funding agreement securing the notes will rank pari passu with policyholder claims in the event of an insolvency of Pacific Life Insurance Company Pacific Life Global Funding II's FA-Backed Notes program ratings as of March 21, 2023 are: • Moody's: S&P¹. Aa3 AA- • Fitch: AA- PLGFII - Investor Presentation (Q4 2022) 6 of 35

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