Nationwide vs National Life Group
Comprehensive side-by-side comparison of indexed universal life insurance companies
Nationwide
Founded: 1926
Columbus, Ohio
Assets
$140 billion
IUL Experience
18+ years
Products
4
Avg Cap Rate
10.25%
Key Strengths
Fortune 100 company (#72 in 2025)
Pioneer of Volatility Control Index movement
Industry-leading participation rates
Lowest cost of insurance charges in industry
Cap rates reaching 25% on certain strategies
National Life Group
Founded: 1848
Montpelier, Vermont
Assets
$45 billion
IUL Experience
20+ years
Products
3
Avg Cap Rate
Competitive market rates
Key Strengths
Market leader with 17.4% market share
Lifetime Income Benefit Rider with 10-year waiting period
Industry-leading chronic illness rider
175+ years operating history
Mutual structure aligns with policyholder interests
Detailed Feature Comparison
| Feature | Nationwide | National Life Group |
|---|---|---|
| Founded | 1926 | 1848 |
| Headquarters | Columbus, Ohio | Montpelier, Vermont |
| Assets Under Management | $140 billion | $45 billion |
| Years in IUL Business | 18+ years | 20+ years |
| Number of IUL Products | 4 | 3 |
| Typical Cap Rate Range | 6.00% - 25.00% | Not publicly disclosed - Not publicly disclosed |
| Participation Rates | 250% | Competitive market rates |
| Minimum Premium | $5,000 annual | $50,000 (FlexLife) |
| Issue Ages | 0-85 years | 0-85 years |
| Underwriting Speed | 2-4 weeks standard | 2-4 weeks standard |