Careers at Pacific Life


Pacific Life’s mission is to provide financial security through products and services that stand the test of time.


In 1868 former California Governor Leland Stanford founded insurance company Pacific Mutual Life. He served as its President and was its first policy holder. In 1885, it began offering accident insurance, considered a groundbreaking move for a life insurance provider at the time. Stanford passed away in 1893. In 1906, Pacific Mutual Life merged with Conservative Life.

The Great Depression brought many challenges for the company. In 1936 its insurance commissioner Samuel L. Carpenter encouraged policy holders to become part owners through mutualization. In 1997 it changed its structure from a mutual ownership to a mutual holding company. In recognition of this, the “Mutual” was dropped from its name and it became Pacific Life Insurance Company.

Benefits at Pacific Life

Business model of Pacific Life

Customer Segments

Pacific Life has a segmented market business model, with customer groups that have slightly different needs. The company targets its offerings at individuals, businesses, and pension plans.

Value Proposition

Pacific Life offers three primary value propositions: accessibility, innovation, and brand/status.

The company creates accessibility by providing a wide variety of options. Its products/services include the following:  life insurance, annuities, mutual funds, investment products/services for businesses, financial protection, wealth accumulation, and wealth preservation.

The company’s structure helps foster innovation. It maintains a mutual holding company structure, meaning that contract and policy owners are members of the company and it is not influenced by stock price when making decisions. This frees up the firm to develop innovative products.

The company has established a strong brand due to its success. It holds the following rankings:

  • First indexed provider of universal life insurance
  • Seventh largest provider of life insurance sales
  • Eleventh largest provider of variable annuities
  • Fourteenth largest provider of fixed annuities

The company is also the top life retrocessionaire in North America, with $106 billion in individual life reinsurance and a 41% share of the market. It has paid $2.1 billion in insurance and annuity benefits and has $800 billion of life insurance in force. It generated $8.4 billion in operating revenues in 2015. It has strong financial strength ratings as follows:  A.M. Best – A+; Fitch – A+; Moody’s – A1; and Standard & Poor’s – AA. It counts over half of the 100 largest U.S. firms among its clients, and has hundreds of thousands of customers overall. Lastly, it has won many honors, including the following:

  • Gold, Silver, and Bronze Stevie Awards from the American Business Association (2015)
  • Dalbar Awards for Financial Intermediary Service and Annuity Service (2014 and 2015)
  • Top Business by Coast Community Awards (2014)
  • Brainshark Sharkie Awards for Marketing Presentation (2014)


Pacific Life’s main channels are financial planning firms, securities broker-dealers, wirehouses, banks, and other financial institutions. It has selling agreements with more than 850 such companies nationwide. The company promotes its offering through its website, social media pages, television advertising, and sponsorship of sporting events.

Customer Relationships

Pacific Life’s customer relationship is primarily of a self-service nature. Customers utilize its products and services while having limited interaction with employees. The company’s website features a section called “Education Center” that includes useful resources such as articles, infographics, financial calculators, a video library, and answers to frequently asked questions.

The site also provides a collection of market outlook reports called “Manager Insight”. That said, there is a personal assistance component in the form of phone and e-mail support.

Key Activities

Pacific Life’s business model entails designing, developing, and delivering its products and services to customers.

Key Partners

Pacific Life’s key partners are the financial planning firms, securities broker-dealers, wirehouses, banks, and other financial institutions that sell its products.

Key Resources

Pacific Life’s main resources are the insurance industry experts that design and develop its products and services.

Cost Structure

Pacific Life has a cost-driven structure, aiming to minimize expenses through significant automation and low-price value propositions. Its biggest cost driver is likely sales/marketing, a fixed cost. Other major drivers are in the areas of customer support/operations and administration, both fixed costs.

Revenue Streams

Pacific Life has one revenue stream: revenues it generates from sales of its products and services to its customers.

Our team

James T. Morris,
President, Chairman, and CEO

info: James T. Morris earned a Bachelor of Arts in Mathematics at University of California, Los Angeles. He previously held several leadership roles at Pacific Life, including Chief Operating Officer, Executive Vice President, and Chief Insurance Officer.

Adrian S. Griggs,
EVP and Chief Financial Officer

info: Adrian S. Griggs earned a Bachelor of Science in Business Economics at University of California, Santa Barbara. He previously held numerous roles at Pacific Life, including SVP of Finance and Compliance and VP of the Retirement Solutions Division.

Mary Ann Brown,
EVP, Corporate

info: Mary Ann Brown earned a Bachelor of Arts at Emory University and a Master of Science at Georgia State University. She previously served as SVP of Finance and Product Development at Pacific Life and as Chief Executive Officer of Pacific Select Fund and Pacific Funds.

Edward R. Byrd,
SVP and Chief Accounting Officer

info: Edward R. Byrd earned a Bachelor of Arts in Business Administration at California State University, Fullerton. He previously held several leadership roles at Pacific Life, including Chief Accounting Officer and VP, Corporate Audit and Financial Planning.