�����紫ý

��

Media Contact:
Jesse Page
(949) 219-4575
jpage@pacificlife.com

��

�����紫ý Continues Strategic Focus on Lifetime Income and Pension Risk Transfer Solutions

Karen Neeley Joins Growing Institutional Business Team as Vice President and
Head of the Institutional Retirement Solutions Group
��

NEWPORT BEACH, Calif. – November 15, 2023 –��A recent study by The Alliance for Lifetime Income indicates that . Launched in early 2020, �����紫ý’s Institutional Business team remains focused on providing innovative retirement solutions to help pave the way for more successful retirement journeys. To continue growth in this area, Karen Neeley recently joined �����紫ý as vice president and head of the Institutional Retirement Solutions Group, reporting to Executive Vice President and Head of Institutional Business Brian Woolfolk. Neeley’s team will focus on defined contribution lifetime income (DCLI) and pension risk transfer (PRT) solutions.

On a recent episode of �����紫ý’s , Neeley on innovative product development and relationship building. “�����紫ý has done an amazing job in this space, and we have a wonderful opportunity to help people realize the potential of lifetime income to help improve the quality of their retirement outcomes.”

DCLI and PRT are key growth initiatives for �����紫ý as the company meets the accelerating demand for guaranteed retirement income solutions as part of employer-sponsored, defined contribution plans. In addition to DCLI and PRT, �����紫ý’s Institutional Business also includes stable value wrap and capital markets.

“This is a critical time for retirement preparedness, and we're committed to developing innovative lifetime income solutions,” said Woolfolk. “With Karen's broad experience, depth of knowledge, and thorough understanding of financial services, we look forward to seeing the value she brings to our team and our customers.”

With the addition of Neeley, �����紫ý builds upon its commitment to lifetime income through continuing investments in thought leadership and product innovation. The hire comes at a time when many struggle with retirement education and preparedness, and U.S. and sound the alarm about an overall lack of retirement readiness. Under Neeley’s leadership, �����紫ý’s Institutional Business is expanding its focus on a solutions-based approach to address the need to better connect product design and delivery with participant education.

Neeley joins �����紫ý with an extensive financial services background, previously holding leadership positions at three Fortune 500 companies. A proven innovator, Neeley was named a 2023 Twin Cities Business Notable Leader in Banking & Finance and was previously recognized as LIMRA’s Top 25 Rising Stars of Innovation under 40. She holds an MBA from the University of Memphis and has a Bachelor of Science in Accounting. Neeley has served on several nonprofit and industry boards throughout her career, including the American Savings Education Council, and is a member of WIPN (formerly known as the National Women in Pensions Network).

For more information about The Wave Strength podcast, please visit the series playlist .

To learn more about the Institutional Business, please visit .

About �����紫ý
�����紫ý provides a variety of products and services designed to help individuals and businesses in the retail, institutional, workplace benefits, and reinsurance markets achieve financial security. Whether your goal is to protect loved ones or grow your assets for retirement, �����紫ý offers innovative life insurance and annuity solutions, as well as mutual funds, that provide value and financial security for current and future generations. Supporting our policyholders for more than 150 years, �����紫ý is a Fortune 500 company headquartered in Newport Beach, California. For additional company information, including current financial strength ratings, visit .

�����紫ý, its affiliates, their distributors, and respective representatives do not provide tax, accounting, or legal advice. Any taxpayer should seek advice based on the taxpayer’s particular circumstances from an independent tax advisor or attorney.

�����紫ý is a product provider. It is not a fiduciary and therefore does not give advice or make recommendations regarding insurance or investment products.

Guarantees are subject to the claims-paying ability and financial strength of the issuing insurance company.

�����紫ý refers to �����紫ý and its affiliates, including �����紫ý & Annuity Company. Insurance products can be issued in all states, except New York, by �����紫ý or �����紫ý & Annuity Company. In New York, insurance products are only issued by �����紫ý & Annuity Company. Product availability and features may vary by state. Each insurance company is solely responsible for the financial obligations accruing under the products it issues.

###