Pacific Life Insurance
Pacific Life has a long history of meeting the financial needs of U.S. residents. From its founding in 1868 to its current position as one of the leading life insurance providers in the nation, the company has a history that spans some of the country's most historic moments.
The first life insurance policy from Pacific Life was issued to Leland Stanford, the company's first President as well as a U.S. Senator and the founder of Stanford University. Accident insurance was added in 1885, and the company was reorganized in 1936 to help it weather financial losses associated with the Great Depression.
Through a series of acquisitions and expansions, Pacific Life grew into a multi-faceted financial firm. Its parent company, Pacific Mutual Holding Company, had $123.7 billion in total consolidated assets in 2012. The life insurance division had $269 million in sales during that year and, for three straight years, it was ranked number one in the nation for indexed universal life insurance sales.
Currently, customers can purchase the following types of life insurance from Pacific Life:
- Term life insurance
- Variable universal life insurance
- Indexed universal life insurance
- Universal life insurance
Other products sold by Pacific Life include mutual funds and annuities.
The headquarters of Pacific Life are in Newport Beach, California although the company also operates a business center in Omaha, Nebraska. The main office for its life insurance division is located in Aliso Viejo, California.