About Pacific Life
Pacific Life is an American company that deals with insurance and life investment products. The company is in the market since 1868 having over 100 largest U.S. companies as their clients.
They offer services and products to individuals, businesses, and pensioners. Recently, the company got ranked 298th out of 500 U.S. companies by gross revenue in 2019 Fortune 500 list.
When it got started?
The company came in 1868 as Pacific Mutual Life by the efforts of Leland Stanford, the former California Governor who was also its first client.
Gradually, the expansion made its way and Pacific Life started issuing accident insurance in 1885. In 1906, the company thought of making a merge with Conservative Life getting relocated to the state of Nebraska.
In 1936, the company encouraged mutualization to cover up from the Great Depression and save the company and its policyholders.
Moments also came by in technology advancement when Pacific Life was the only life insurance company to use Univac I in 1955 in the west of the Mississippi River.
In 1971, it was headquartered in Newport Beach, California. With time they created Pacific Asset Management in 2007 to look upon advisory services and institutional fixed income management.
Next was the Pacific Life Foundation in 1984 to serve in areas of health and human services. Swell Investing was launched in 2017 as its subsidiary to work on impact investing.
What they have in products?
They are in the market to offer life insurance products, annuities and mutual funds with a variety of investment products and services.
Under life insurance, they offer you options to protect your business and your family’s financial well being.
They put forward cash value rather than term life insurance so that one can secure up to a lifetime of death benefit protection with cash value growth.
They have types under cash value life insurance; Indexed Universal Life Insurance, Variable Universal Life Insurance, Universal Life Insurance, and Whole Life Insurance.
On annuity basis, they have client and pension plan annuities in hand. These are also classified as variable, fixed indexed, fixed, immediate and deferred income annuities.
In mutual funds, they deal under the brand name Pacific Funds doing their job to meet long-term financial goals of their shareholders. They go for investment using strategies that are process-oriented and highly selective with support from large financial institutions.
Among additional solutions, they have commercial real estate, Pension risk transfer and structured settlement plans on the list.
The company is also the majority shareholder in Aviation Capital Group LLC since 2001. The group provides aircraft asset management services by leasing commercial jet aircraft internationally.
Why to go for them?
Everyone looks for a secure environment to make their financial investment either in the life insurance or retirement plans.
This trust is build up by Pacific Life protecting what matters to their clients, their families, businesses and the most their futures. They are present for 150 years to fulfill all that customers need.
What’s in news?
In August 2019, the Pacific Private Fund Advisors surpassed $1 billion milestones.