Pruco Life Insurance Company of New Jersey vs Mutual of Omaha Insurance Company
Comprehensive side-by-side comparison of indexed universal life insurance companies
Pruco Life Insurance Company of New Jersey
Founded: 1982
Newark, New Jersey
Assets
$1.5 trillion Prudential consolidated
IUL Experience
10+ years
Products
1
Avg Cap Rate
10%
Key Strengths
Prudential subsidiary for NJ/NY
Prudential Momentum IUL (2024): 10.5-11% caps on S&P 500
Nasdaq-100 uncapped with 65% participation
Mutual of Omaha Insurance Company
Founded: 1909
Omaha, Nebraska
Assets
$42 billion (Fortune 500)
IUL Experience
15+ years
Products
3
Avg Cap Rate
10%
Key Strengths
12% cap rates (among highest in industry)
Industry-leading policy structure for cash value growth
Streamlined fees during 0% floor years
Fortune 500 company
116+ years of history
Detailed Feature Comparison
| Feature | Pruco Life Insurance Company of New Jersey | Mutual of Omaha Insurance Company |
|---|---|---|
| Founded | 1982 | 1909 |
| Headquarters | Newark, New Jersey | Omaha, Nebraska |
| Assets Under Management | $1.5 trillion Prudential consolidated | $42 billion (Fortune 500) |
| Years in IUL Business | 10+ years | 15+ years |
| Number of IUL Products | 1 | 3 |
| Typical Cap Rate Range | 8% - 11% | 7% - 12% |
| Participation Rates | 100% | 100% |
| Minimum Premium | $5,000 annual | $100,000 (IUL Express Easy Solve option) |
| Issue Ages | 0-85 years | 0-85 years |
| Underwriting Speed | 2-4 weeks | 2-3 weeks standard |