Pacific Life & Annuity Company vs Columbus Life

Comprehensive side-by-side comparison of indexed universal life insurance companies

Updated 2025
Independent Analysis
Professional Ratings

Pacific Life & Annuity Company

Founded: 1983

Phoenix, Arizona

Financial Strength Ratings

AM Best A+
S&P AA-
Moody's A1
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%
Visit Pacific Life & Annuity Company Website →

Columbus Life

Founded: 1906

Cincinnati, Ohio

Financial Strength Ratings

AM Best A+
Assets
$45 billion group assets (Western & Southern)
IUL Experience
10+ years
Products
3
Avg Cap Rate
9%

Key Strengths

Offers 3+ IUL products
Indexed Explorer Plus, Indexed Explorer Now (rapid issue), Expedition SIUL (survivorship)
Visit Columbus Life Website →

Detailed Feature Comparison

Feature Pacific Life & Annuity Company Columbus Life
Founded 1983 1906
Headquarters Phoenix, Arizona Cincinnati, Ohio
Assets Under Management $69 billion assets $45 billion group assets (Western & Southern)
Years in IUL Business 10+ years 10+ years
Number of IUL Products 2 3
Typical Cap Rate Range 8% - 10.5% 8% - 10%
Participation Rates 115% 110%
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, rapid issue available

Columbus Life IUL Policies

Indexed Explorer Plus

Cap Rate: 8% to 10%

Floor: 0%

Compare this policy →

Indexed Explorer Now

Cap Rate: 8% to 10%

Floor: 0%

Compare this policy →

Expedition SIUL

Cap Rate: 8% to 10%

Floor: 0%

Compare this policy →

Similar Companies

Mutual of Omaha Insurance Company

AM Best: A+

$42 billion (Fortune 500) AUM

Compare →

Protective Life Insurance Company

AM Best: A+

$120 billion AUM

Compare →

Securian Financial (Minnesota Life)

AM Best: A+

$5.5 billion+ AUM

Compare →

Columbus Life

AM Best: A+

$45 billion group assets (Western & Southern) AUM

Compare →

Similar Companies

Mutual of Omaha Insurance Company

AM Best: A+

$42 billion (Fortune 500) AUM

Compare →

Protective Life Insurance Company

AM Best: A+

$120 billion AUM

Compare →

Securian Financial (Minnesota Life)

AM Best: A+

$5.5 billion+ AUM

Compare →

Midland National Life Insurance Company

AM Best: A+

$55 billion AUM

Compare →