Pacific Mutual Life was founded in 1868 by former California Governor Leland Stanford in Sacramento , California . Stanford also was the first policy holder of the company . After Stanford died and his university ( Stanford University ) was strapped for money , his wife used the money from the policy to pay for professors . Starting in 1885 , Pacific Mutual Life began issuing accident insurance , which was an innovative move for a life insurance company at the time . In 1906 , Pacific Mutual Life merged with Conservative Life , a Los Angeles-based life insurance company . Following the 1906 San Francisco earthquake , Pacific Mutual Life 's board of directors moved the company to Los Angeles . Since 2005 , the company is domiciled in the state of Nebraska
1906 San Francisco earthquake
1906 San Francisco earthquake
Pacific Life