Pacific Life Insurance Company of Newport, Calif. is adding 12 mutual funds to its line up of life insurance and annuity products, according to a preliminary proxy statement filed with the Securities and Exchange Commission.

The new funds will be clones of variable annuity portfolios offered by Pacific Life and run by the existing sub-advisers. The funds cover a spectrum of investment styles including value and aggressive growth and including a bond and money market fund, according to the filing.

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