AllianceBernstein L.P. (AB) announced the addition of Pacific Life as a new insurer to its multi-insurer platform, which delivers lifetime income solutions to large Defined Contribution (DC) plans. This move further expands AB's retirement income capabilities.
AB's lifetime income platform includes the Lifetime Income Strategy (LIS) and the AB Secure Income Portfolio, which together manage approximately $12 billion in assets under management, including $4.5 billion in secured income, as of March 31, 2025.
Pacific Life joins other participating insurers such as Equitable, Jackson National Life Insurance Company, Lincoln National Life Insurance Company, and Nationwide Life Insurance Company. This multi-insurer structure aims to provide more competitive withdrawal rates, mitigate risk, and ensure continued capacity for the future.
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