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<!--Generated by DFIN XBRL Instance Document - http://www.dfinsolutions.com/ - Version R3.0 - on 13-July-2026 [08:40:11] {PM}-->
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          <link:loc xlink:type="locator" xlink:href="abl-20260713.xsd#abl_RepurchasePolicyRiskMember" xlink:label="loc_abl_RepurchasePolicyRiskMember" />
          <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_abl_RepurchasePolicyRiskMember" xml:lang="en-US">Repurchase Policy Risk [Member]</link:label>
          <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_abl_RepurchasePolicyRiskMember" xlink:to="lab_abl_RepurchasePolicyRiskMember" />
          <link:loc xlink:type="locator" xlink:href="abl-20260713.xsd#abl_RiskThatCurrentAssumptionsAndExpectationsCouldBecomeOutdatedAsAResultOfAGlobalEconomicShockMember" xlink:label="loc_abl_RiskThatCurrentAssumptionsAndExpectationsCouldBecomeOutdatedAsAResultOfAGlobalEconomicShockMember" />
          <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_abl_RiskThatCurrentAssumptionsAndExpectationsCouldBecomeOutdatedAsAResultOfAGlobalEconomicShockMember" xml:lang="en-US">Risk that Current Assumptions and Expectations Could Become Outdated As a Result of a Global Economic Shock [Member]</link:label>
          <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_abl_RiskThatCurrentAssumptionsAndExpectationsCouldBecomeOutdatedAsAResultOfAGlobalEconomicShockMember" xlink:to="lab_abl_RiskThatCurrentAssumptionsAndExpectationsCouldBecomeOutdatedAsAResultOfAGlobalEconomicShockMember" />
          <link:loc xlink:type="locator" xlink:href="abl-20260713.xsd#abl_ServiceProviderRisksMember" xlink:label="loc_abl_ServiceProviderRisksMember" />
          <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_abl_ServiceProviderRisksMember" xml:lang="en-US">Service Provider Risks [Member]</link:label>
          <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_abl_ServiceProviderRisksMember" xlink:to="lab_abl_ServiceProviderRisksMember" />
          <link:loc xlink:type="locator" xlink:href="abl-20260713.xsd#abl_StructuredFinanceProductsRisksMember" xlink:label="loc_abl_StructuredFinanceProductsRisksMember" />
          <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_abl_StructuredFinanceProductsRisksMember" xml:lang="en-US">Structured Finance Products Risks [Member]</link:label>
          <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_abl_StructuredFinanceProductsRisksMember" xlink:to="lab_abl_StructuredFinanceProductsRisksMember" />
          <link:loc xlink:type="locator" xlink:href="abl-20260713.xsd#abl_TaxRisksMember" xlink:label="loc_abl_TaxRisksMember" />
          <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_abl_TaxRisksMember" xml:lang="en-US">Tax Risks [Member]</link:label>
          <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_abl_TaxRisksMember" xlink:to="lab_abl_TaxRisksMember" />
          <link:loc xlink:type="locator" xlink:href="abl-20260713.xsd#abl_USTradeOrBusinessRiskMember" xlink:label="loc_abl_USTradeOrBusinessRiskMember" />
          <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_abl_USTradeOrBusinessRiskMember" xml:lang="en-US">U.S. Trade or Business Risk [Member]</link:label>
          <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_abl_USTradeOrBusinessRiskMember" xlink:to="lab_abl_USTradeOrBusinessRiskMember" />
          <link:loc xlink:type="locator" xlink:href="abl-20260713.xsd#abl_ValuationOfLongevityAssetsRisksMember" xlink:label="loc_abl_ValuationOfLongevityAssetsRisksMember" />
          <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_abl_ValuationOfLongevityAssetsRisksMember" xml:lang="en-US">Valuation of Longevity Assets Risks [Member]</link:label>
          <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_abl_ValuationOfLongevityAssetsRisksMember" xlink:to="lab_abl_ValuationOfLongevityAssetsRisksMember" />
          <link:loc xlink:type="locator" xlink:href="abl-20260713.xsd#abl_VolatileMarketsRisksMember" xlink:label="loc_abl_VolatileMarketsRisksMember" />
          <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_abl_VolatileMarketsRisksMember" xml:lang="en-US">Volatile Markets Risks [Member]</link:label>
          <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_abl_VolatileMarketsRisksMember" xlink:to="lab_abl_VolatileMarketsRisksMember" />
          <link:loc xlink:type="locator" xlink:href="abl-20260713.xsd#abl_CommonShareMember" xlink:label="loc_abl_CommonShareMember" />
          <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_abl_CommonShareMember" xml:lang="en-US">Common Share [Member]</link:label>
          <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_abl_CommonShareMember" xlink:to="lab_abl_CommonShareMember" />
          <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_abl_CommonShareMember" xml:lang="en-US">Common share.</link:label>
          <link:loc xlink:type="locator" xlink:href="abl-20260713.xsd#abl_FivePercentageLoadMember" xlink:label="loc_abl_FivePercentageLoadMember" />
          <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_abl_FivePercentageLoadMember" xml:lang="en-US">Five Percentage Load [Member]</link:label>
          <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_abl_FivePercentageLoadMember" xlink:to="lab_abl_FivePercentageLoadMember" />
          <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_abl_FivePercentageLoadMember" xml:lang="en-US">Five percentage load.</link:label>
          <link:loc xlink:type="locator" xlink:href="abl-20260713.xsd#abl_NavMember" xlink:label="loc_abl_NavMember" />
          <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_abl_NavMember" xml:lang="en-US">NAV [Member]</link:label>
          <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_abl_NavMember" xlink:to="lab_abl_NavMember" />
          <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_abl_NavMember" xml:lang="en-US">Nav.</link:label>
        </link:labelLink>
      </link:linkbase>
    </appinfo>
  </annotation>
  <import namespace="http://www.xbrl.org/2003/instance" schemaLocation="http://www.xbrl.org/2003/xbrl-instance-2003-12-31.xsd" />
  <import namespace="http://www.xbrl.org/2003/linkbase" schemaLocation="http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd" />
  <import namespace="http://xbrl.org/2005/xbrldt" schemaLocation="http://www.xbrl.org/2005/xbrldt-2005.xsd" />
  <import namespace="http://xbrl.sec.gov/dei/2025" schemaLocation="https://xbrl.sec.gov/dei/2025/dei-2025.xsd" />
  <import namespace="http://www.xbrl.org/dtr/type/2024-01-31" schemaLocation="https://www.xbrl.org/dtr/type/2024-01-31/types.xsd" />
  <import namespace="http://xbrl.sec.gov/cef/2025" schemaLocation="https://xbrl.sec.gov/cef/2025/cef-2025.xsd" />
  <import namespace="http://xbrl.sec.gov/cef-pre/2025" schemaLocation="https://xbrl.sec.gov/cef/2025/cef-2025_pre.xsd" />
  <element name="CommonShareMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" id="abl_CommonShareMember" substitutionGroup="xbrli:item" />
  <element name="FivePercentageLoadMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" id="abl_FivePercentageLoadMember" substitutionGroup="xbrli:item" />
  <element name="NavMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" id="abl_NavMember" substitutionGroup="xbrli:item" />
  <element name="CFCRiskMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" id="abl_CFCRiskMember" substitutionGroup="xbrli:item" />
  <element name="CybersecurityRiskMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" id="abl_CybersecurityRiskMember" substitutionGroup="xbrli:item" />
  <element name="DerivativesRiskMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" id="abl_DerivativesRiskMember" substitutionGroup="xbrli:item" />
  <element name="DistributionPolicyRiskMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" id="abl_DistributionPolicyRiskMember" substitutionGroup="xbrli:item" />
  <element name="ExciseTaxRiskMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" id="abl_ExciseTaxRiskMember" substitutionGroup="xbrli:item" />
  <element name="ForeignSubsidiaryRiskMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" id="abl_ForeignSubsidiaryRiskMember" substitutionGroup="xbrli:item" />
  <element name="GovernmentSecuritiesRiskMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" id="abl_GovernmentSecuritiesRiskMember" substitutionGroup="xbrli:item" />
  <element name="IntervalFundRiskMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" id="abl_IntervalFundRiskMember" substitutionGroup="xbrli:item" />
  <element name="LeveragingRiskMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" id="abl_LeveragingRiskMember" substitutionGroup="xbrli:item" />
  <element name="LimitedHistoryOfOperationsRiskMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" id="abl_LimitedHistoryOfOperationsRiskMember" substitutionGroup="xbrli:item" />
  <element name="LiquidityRequirementsRiskMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" id="abl_LiquidityRequirementsRiskMember" substitutionGroup="xbrli:item" />
  <element name="LongevityAssetLitigationRiskMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" id="abl_LongevityAssetLitigationRiskMember" substitutionGroup="xbrli:item" />
  <element name="LongevityAssetsAcquisitionRiskMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" id="abl_LongevityAssetsAcquisitionRiskMember" substitutionGroup="xbrli:item" />
  <element name="ManagementRiskMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" id="abl_ManagementRiskMember" substitutionGroup="xbrli:item" />
  <element name="MarketManipulationRisksMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" id="abl_MarketManipulationRisksMember" substitutionGroup="xbrli:item" />
  <element name="MoneyMarketInstrumentsMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" id="abl_MoneyMarketInstrumentsMember" substitutionGroup="xbrli:item" />
  <element name="NaturalDisasterEpidemicRiskMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" id="abl_NaturalDisasterEpidemicRiskMember" substitutionGroup="xbrli:item" />
  <element name="NewManagerRiskMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" id="abl_NewManagerRiskMember" substitutionGroup="xbrli:item" />
  <element name="NonDiversificationRiskMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" id="abl_NonDiversificationRiskMember" substitutionGroup="xbrli:item" />
  <element name="QualifiedDividendIncomeRiskMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" id="abl_QualifiedDividendIncomeRiskMember" substitutionGroup="xbrli:item" />
  <element name="RelianceOnTheManagerRiskMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" id="abl_RelianceOnTheManagerRiskMember" substitutionGroup="xbrli:item" />
  <element name="RepurchasePolicyRiskMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" id="abl_RepurchasePolicyRiskMember" substitutionGroup="xbrli:item" />
  <element name="RiskThatCurrentAssumptionsAndExpectationsCouldBecomeOutdatedAsAResultOfAGlobalEconomicShockMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" id="abl_RiskThatCurrentAssumptionsAndExpectationsCouldBecomeOutdatedAsAResultOfAGlobalEconomicShockMember" substitutionGroup="xbrli:item" />
  <element name="ServiceProviderRisksMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" id="abl_ServiceProviderRisksMember" substitutionGroup="xbrli:item" />
  <element name="StructuredFinanceProductsRisksMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" id="abl_StructuredFinanceProductsRisksMember" substitutionGroup="xbrli:item" />
  <element name="TaxRisksMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" id="abl_TaxRisksMember" substitutionGroup="xbrli:item" />
  <element name="USTradeOrBusinessRiskMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" id="abl_USTradeOrBusinessRiskMember" substitutionGroup="xbrli:item" />
  <element name="ValuationOfLongevityAssetsRisksMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" id="abl_ValuationOfLongevityAssetsRisksMember" substitutionGroup="xbrli:item" />
  <element name="VolatileMarketsRisksMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" id="abl_VolatileMarketsRisksMember" substitutionGroup="xbrli:item" />
</schema>
