1210-AC38 comment 0772 Pacific Life 05222026

Summary: Pacific Life Insurance Company supports the Department of Labor's proposed rule, which aims to provide fiduciaries with clearer, process-oriented guidance for selecting investment alternatives. The company argues that the rule should emphasize prudent decision-making and documentation while ensuring that retirement income features, such as guaranteed lifetime income from annuities, are not unfairly disadvantaged by rigid benchmarking or liquidity standards.