Allianz Life Insurance Company of North America vs National Life Group
Comprehensive side-by-side comparison of indexed universal life insurance companies
Allianz Life Insurance Company of North America
Founded: 1896
Minneapolis, Minnesota
Assets
$125 billion
IUL Experience
28+ years
Products
2
Avg Cap Rate
9%
Key Strengths
Exclusive Index Rate Lock feature (unique to Allianz)
40% multiplier bonus available
5% guaranteed index loan rate
Multiple uncapped index crediting options
Free chronic and terminal illness benefits
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 | Allianz Life Insurance Company of North America | National Life Group |
|---|---|---|
| Founded | 1896 | 1848 |
| Headquarters | Minneapolis, Minnesota | Montpelier, Vermont |
| Assets Under Management | $125 billion | $45 billion |
| Years in IUL Business | 28+ years | 20+ years |
| Number of IUL Products | 2 | 3 |
| Typical Cap Rate Range | 8% - 10% | Not publicly disclosed - Not publicly disclosed |
| Participation Rates | 110% | Competitive market rates |
| Minimum Premium | $5,000 annual | $50,000 (FlexLife) |
| Issue Ages | 25-65 for accelerated underwriting (up to $3M without medical exam) | 0-85 years |
| Underwriting Speed | 2-3 weeks standard, accelerated available | 2-4 weeks standard |