He entered Princeton from the Nichols School in his hometown of Buffalo, and joined Key and Seal. His studies were interrupted for combat service as a bomber pilot in the Army Air Force with the 448th Bombardment Group, flying missions over Germany for which he was awarded the Distinguished Flying Cross.
Returning to Princeton, he graduated magna cum laude with a degree in economics in 1947. He then joined his father in Buffalo for a lifelong career in insurance with Armstrong-Roth-Cady, becoming successively president and chairman until he sold the firm in 1988.
He enjoyed flying his small plane and sailplanes, and was an avid tennis player and skier. He served on many local boards and community-service organizations and was especially interested in chamber music.
Morgan is survived by his wife of almost 60 years, the former Carolyn Livingston, and sons William and Charles. The class expresses its sympathy to the family.