Pacific Life & Annuity Company vs Nationwide
Comprehensive side-by-side comparison of indexed universal life insurance companies
Pacific Life & Annuity Company
Founded: 1983
Phoenix, Arizona
Assets
$69 billion assets
IUL Experience
10+ years
Products
2
Avg Cap Rate
9.5%
Key Strengths
Pacific Life subsidiary
Pacific Horizon IUL 2 (2024)
Pacific Indexed Accumulator
Cap rates up to 10.5%
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
Detailed Feature Comparison
| Feature | Pacific Life & Annuity Company | Nationwide |
|---|---|---|
| Founded | 1983 | 1926 |
| Headquarters | Phoenix, Arizona | Columbus, Ohio |
| Assets Under Management | $69 billion assets | $140 billion |
| Years in IUL Business | 10+ years | 18+ years |
| Number of IUL Products | 2 | 4 |
| Typical Cap Rate Range | 8% - 10.5% | 6.00% - 25.00% |
| Participation Rates | 115% | 250% |
| Minimum Premium | $5,000 annual | $5,000 annual |
| Issue Ages | 0-85 years | 0-85 years |
| Underwriting Speed | 2-4 weeks | 2-4 weeks standard |