About Business
Pacific Life is a US-based financial services company formed in 1868 and headquartered in Newport Beach, California. California Governor and Leland Stanford started Pacific Mutual Life in 1868. Stanford died, and his university was running out of money to pay for professors. But his wife managed to pay the money, and soon, the company started providing accident insurance. Finally, it merged with Conservative Life, another insurance company.? Pacific Mutual Life dealt with tough times during the Great Depression in 1936. This company became the first to utilize Univac?s advanced technology. Soon, it formed Pacific Investment Management Company. Finally, in 1972, the company moved its headquarters to Newport Beach, California.?
