Transamerica Life Insurance Company vs F&G (Fidelity & Guaranty Life)
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
F&G (Fidelity & Guaranty Life)
Founded: 1959
Des Moines, Iowa
Assets
$40 billion
IUL Experience
10+ years
Products
2
Avg Cap Rate
9.5%
Key Strengths
LIMRA Q2 2024: Top IUL provider ranking
Competitive historical performance
Quick policy delivery
Juvenile IUL specialty (15 days to 17 years)
Living benefits: accelerated death benefits
Detailed Feature Comparison
| Feature | Transamerica Life Insurance Company | F&G (Fidelity & Guaranty Life) |
|---|---|---|
| Founded | 1904 | 1959 |
| Headquarters | Cedar Rapids, Iowa | Des Moines, Iowa |
| Assets Under Management | $223 billion in premiums in force; $29.5 billion AUM | $40 billion |
| Years in IUL Business | 20+ years | 10+ years |
| Number of IUL Products | 2 | 2 |
| Typical Cap Rate Range | 9.50% - 14.00% | 8% - 11% |
| Participation Rates | 150% | 115% |
| Minimum Premium | $3,600 annual | $3,600 annual |
| Issue Ages | 0-85 years | 15 days to 85 years |
| Underwriting Speed | 2-4 weeks standard | Some immediate delivery or within 24 hours |