Pacific Life

During the Great Depression, the company was hit with hard times and in 1936 in an effort to save both the policy holders and the company the insurance commissioner, Samuel L. Carpenter, encouraged the policy holders to become part owners of the company through mutualization. In 1955, Pacific Mutual Life became the first company west of the Mississippi River to use the brand new technology of Univac I. At Pacific Mutual Life's one-hundredth birthday the company celebrated with keynote speaker Ronald Reagan. In 1971, the company started Pacific Investment Management Company (PIMCO). The company moved its headquarters to their current Newport Beach, California location in 1972 when management decided that Newport Beach would provide a higher standard of living for their families. In 1997, the company dropped mutual from its name, changing it to Pacific Life Insurance Company. This reflects the company structure's change from a mutual ownership to a mutual holding company structure. Also in 1997, the company adopted the humpback whale as symbol of the company because of the whale's persistence, performance, and strength.

Pacific Life's products are sold through financial planning firms, securities broker-dealers, wirehouses, banks, and other financial institutions. We have selling agreements with over 850 such firms, which are located nationwide.

Annuities are designed to be both a savings vehicle and a source of retirement income. At Pacific Life, a number of choices are available for you to help grow and protect your retirement savings in a way that best meets your needs—products that address market environments during all stages of your life.

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