Pacific Life Insurance Company is now 150 years old.
The Newport Beach, California-based life and annuity issuer was founded on Jan. 2, 1868, in Sacramento, California.
The company issued its first life insurance policy to its first president, Leland Stanford.
(Related: A Brief History of Life Insurance)
In addition to serving as a founder of Pacific Life, Leland Stanford was a major railroad industry investor, a former California governor and a founder of Stanford University.
Pacific Life lost one of its headquarters buildings to the earthquake that hit San Francisco in 1906.