Pacific Life received funding on
As the volatile market environment and regulatory changes continue to play havoc with the funded status of defined benefit pension plans, more plan sponsors are seeking strategies to reduce and/or eliminate pension risks. Such "de-risking" strategies range from best-efforts investment management approaches that more closely match assets to liabilities, to the use of insurance products that provide guarantees ("pension risk transfer" solutions). For plan sponsors not seeking to immediately terminate their plan and purchase an insurance company terminal funding "buy-out" contract, Pacific Life's Insured LDI product provides a compelling alternative to best-efforts LDI strategies and "buy-in" pension risk transfer solutions currently available.
"Simply put, boards want to focus on their core business, and there is demand for an insurance product that can stabilize a pension plan's funded ratio and its impact on financial statements in any market environment," says
Pacific Life's Insured LDI is a first-of-its-kind solution for just about any plan, whether active or frozen, funded or underfunded, and covering any group of plan participants, and whether or not the plan sponsor desires to ultimately terminate the plan. The company's new Insured LDI client was managing an underfunded pension plan that, through this new solution, was able to cover its complete range of plan participants, and not just retirees.
"The product addresses the pension risk transfer concerns we hear from plan sponsors," says
Marketing materials and additional information regarding Insured LDI are available at www.InsuredLDI.com. About Pacific Life Offering insurance since 1868, Pacific Life provides a wide range of life insurance products, annuities, and mutual funds, and offers a variety of investment products and services to individuals, businesses, and pension plans. Pacific Life counts more than half of the 100 largest U.S. companies as its clients. For additional company information, including current financial strength ratings, visit Pacific Life online at www.PacificLife.com.
Pacific Life refers to
Insurance products are issued by
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