Transamerica Life Insurance Company vs Protective Life Insurance Company
Comprehensive side-by-side comparison of indexed universal life insurance companies
Transamerica Life Insurance Company
Founded: 1904
Cedar Rapids, Iowa
Assets
$223 billion in premiums in force; $29.5 billion AUM
IUL Experience
20+ years
Products
2
Avg Cap Rate
12.00%
Key Strengths
High cap rates (12% on flagship product)
Uncapped options with high participation rates
Superior living benefits offerings
12.5 million insurance policies in force
Over 120 years of history
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 | Transamerica Life Insurance Company | Protective Life Insurance Company |
|---|---|---|
| Founded | 1904 | 1907 |
| Headquarters | Cedar Rapids, Iowa | Birmingham, Alabama |
| Assets Under Management | $223 billion in premiums in force; $29.5 billion AUM | $120 billion |
| Years in IUL Business | 20+ years | 15+ years |
| Number of IUL Products | 2 | 2 |
| Typical Cap Rate Range | 9.50% - 14.00% | 8% - 11% |
| Participation Rates | 150% | 110% |
| Minimum Premium | $3,600 annual | $5,000 annual |
| Issue Ages | 0-85 years | 0-85 years |
| Underwriting Speed | 2-4 weeks standard | 2-4 weeks standard |