Washington, D.C. (Oct. 22, 2007) - The American Council of Life Insurers (ACLI), whose member companies provide financial and retirement security to millions of consumers, has named Pacific Life Insurance Company President and Chief Executive Officer James T. Morris to its Board of Directors effective October 22, 2007. Mr. Morris will serve through 2010.

“Jim’s knowledge of the industry and experience as an actuary and company executive will be valuable assets to our Board,” said Frank Keating, ACLI president and CEO. “I look forward to working with Jim and drawing on his insight and expertise as our Board develops public policy initiatives that will enhance the vital role our industry plays in providing financial and retirement security to millions of Americans.”

Mr. Morris joined Pacific Life in 1982 as assistant actuary, Special Marketing. He progressed through a series of management positions within the Life Insurance Division and was elected senior vice president, M-Operations in 1996. He was responsible for business relations with M Financial Group, a leading life insurance producer group that designs and markets individual life insurance products to the upscale market in collaboration with Pacific Life.

In 2002, he was promoted to executive vice president of the Life Insurance Division. In April 2005, Mr. Morris was promoted to executive vice president and chief insurance officer. His role was expanded to include the Annuities & Mutual Funds Division and Pacific Select Group, in addition to the Life Insurance Division.

Mr. Morris was promoted to chief operating officer in January 2006. On April 2, 2007, Mr. Morris became Pacific Life’s president and chief executive officer. He is only the 14th chief executive officer in the company’s 140-year history. He also serves as chairman of the Pacific Life Foundation.

Mr. Morris serves on the board of directors of Junior Achievement of Orange County and Hoag Hospital Foundation. He also is a member of the American Academy of Actuaries and is a Fellow of the Society of Actuaries.

Mr. Morris graduated from the University of California, Los Angeles in 1982 with a B.A. in mathematics. He is married to Ann Morris, and they have two children.

The American Council of Life Insurers (ACLI) is a Washington, D.C.-based trade association whose 373 member companies account for 93 percent of the life insurance industry’s total assets in the United States, 91 percent of life insurance premiums and 95 percent of annuity considerations. In addition to life insurance and annuities, ACLI member companies offer pensions, including 401(k)s, long-term care insurance, disability income insurance and other retirement and financial protection products, as well as reinsurance. ACLI's public Web site can be accessed at www.acli.com.

American Council of Life Insurers 101 Constitution Ave, NW, Suite 700, Washington, DC 20001-2133