Allianz Life Insurance Company of North America vs North American Company for Life and Health Insurance
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
North American Company for Life and Health Insurance
Founded: 1886
West Des Moines, Iowa (new HQ 2021); Sioux Falls, SD (also listed)
Assets
$35 billion
IUL Experience
20+ years
Products
4
Avg Cap Rate
11%
Key Strengths
Superior crediting performance (#1 in distribution testing)
Fixed Interest Participating Policy Loans with 2.0% bonus
Protected Death Benefit - unique guaranteed portion feature
Free acceleration of death benefits for critical/chronic/terminal illness
Over 600,000 policies and annuities
Detailed Feature Comparison
| Feature | Allianz Life Insurance Company of North America | North American Company for Life and Health Insurance |
|---|---|---|
| Founded | 1896 | 1886 |
| Headquarters | Minneapolis, Minnesota | West Des Moines, Iowa (new HQ 2021); Sioux Falls, SD (also listed) |
| Assets Under Management | $125 billion | $35 billion |
| Years in IUL Business | 28+ years | 20+ years |
| Number of IUL Products | 2 | 4 |
| Typical Cap Rate Range | 8% - 10% | 10% - 11% |
| Participation Rates | 110% | 100% |
| Minimum Premium | $5,000 annual | $5,000 annual |
| 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 |