Transamerica Life Insurance Company vs Ameritas 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
Ameritas Life
Founded: 1887
Lincoln, Nebraska
Assets
$20 billion
IUL Experience
3+ years
Products
4
Avg Cap Rate
9.5%
Key Strengths
Offers 4+ IUL products
Growth IUL, FLX IUL, Ethos IUL (partnership)
Instant underwriting (launched Sept 2023 with Ethos)
Detailed Feature Comparison
| Feature | Transamerica Life Insurance Company | Ameritas Life |
|---|---|---|
| Founded | 1904 | 1887 |
| Headquarters | Cedar Rapids, Iowa | Lincoln, Nebraska |
| Assets Under Management | $223 billion in premiums in force; $29.5 billion AUM | $20 billion |
| Years in IUL Business | 20+ years | 3+ years |
| Number of IUL Products | 2 | 4 |
| 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 | 0-85 years |
| Underwriting Speed | 2-4 weeks standard | Instant to 3 weeks |