Pacific Life

From WikiMD's medical encyclopedia

Pacific Life is a Fortune 500 company and one of the largest insurance companies in the United States. The company provides a wide range of insurance, annuities, and mutual funds to more than half of the 100 largest U.S. companies, as well as to individuals, families, and businesses.

History

Pacific Life was founded in 1868 by former California Governor Leland Stanford. Stanford also founded Stanford University and was one of the "Big Four" tycoons who built the Central Pacific Railroad. The company's first policy was issued to Stanford himself.

Products and Services

Pacific Life offers a variety of products and services, including life insurance, annuities, mutual funds, and investment products. The company's life insurance products include both term and permanent policies, while its annuity products include both fixed and variable annuities.

Financial Strength

Pacific Life has consistently received high ratings for financial strength from major rating agencies, including A.M. Best, Standard & Poor's, and Moody's. The company's strong financial position allows it to meet its obligations to policyholders and investors.

Philanthropy

Through the Pacific Life Foundation, the company contributes to a variety of charitable causes, including education, health and human services, arts and culture, and the environment.

See Also

References


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