Pacific Life Insurance LogoLynchburg is getting 300 new jobs from an insurance company that’s opening a $4 million new business center.

Virginia Governor Terry McAuliffe’s office recently announced Pacific Life Insurance Company’s investment. The company completed an acquisition of the term life new business platform from Genworth Financial with this investment.

The company will receive a $500,000 grant from the Commonwealth Opportunity Fund and will also be eligible for other state benefits.

Mike Lucado, chair of the Lynchburg Economic Development Authority, said Pacific Life’s investment will help spur revitalizing efforts in downtown Lynchburg.

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Offering insurance since 1868, Pacific Life provides a wide range of life insurance products, annuities, and mutual funds, and offers a variety of investment products and services to individuals, businesses, and pension plans. Pacific Life counts more than half of the 100 largest U.S. companies as its clients. For additional company information, including current financial strength ratings, visit