Kansas City Life Insurance vs Protective Life Insurance Company
Comprehensive side-by-side comparison of indexed universal life insurance companies
Kansas City Life Insurance
Founded: 1895
Kansas City, Missouri
Assets
$4 billion
IUL Experience
10+ years
Products
2
Avg Cap Rate
9%
Key Strengths
Offers IUL products
0% guaranteed floor
Multiple index options (S&P 500, Nasdaq 100, DJIA, Russell 2000)
125+ years
Protective Life Insurance Company
Founded: 1907
Birmingham, Alabama
Assets
$120 billion
IUL Experience
15+ years
Products
2
Avg Cap Rate
9.5%
Key Strengths
Forbes: 'Best for Universal Life'
USA Today: Best carrier overall
Competitive internal policy costs
Term policies up to 40 years
Strong Japanese parent backing (Dai-ichi Life Holdings)
Detailed Feature Comparison
| Feature | Kansas City Life Insurance | Protective Life Insurance Company |
|---|---|---|
| Founded | 1895 | 1907 |
| Headquarters | Kansas City, Missouri | Birmingham, Alabama |
| Assets Under Management | $4 billion | $120 billion |
| Years in IUL Business | 10+ years | 15+ years |
| Number of IUL Products | 2 | 2 |
| Typical Cap Rate Range | 8% - 10% | 8% - 11% |
| Participation Rates | 110% | 110% |
| Minimum Premium | $5,000 annual | $5,000 annual |
| Issue Ages | 0-85 years | 0-85 years |
| Underwriting Speed | 3-4 weeks | 2-4 weeks standard |