Transamerica Life Insurance Company vs Principal Financial Group
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
Principal Financial Group
Founded: 1879
Des Moines, Iowa
Assets
$629 billion+ AUM
IUL Experience
5+ years
Products
2
Avg Cap Rate
9%
Key Strengths
Offers IUL Accumulation II, IUL Flex II
Enhanced caps announced January 2024
Serves 17 million
Detailed Feature Comparison
| Feature | Transamerica Life Insurance Company | Principal Financial Group |
|---|---|---|
| Founded | 1904 | 1879 |
| Headquarters | Cedar Rapids, Iowa | Des Moines, Iowa |
| Assets Under Management | $223 billion in premiums in force; $29.5 billion AUM | $629 billion+ AUM |
| Years in IUL Business | 20+ years | 5+ years |
| Number of IUL Products | 2 | 2 |
| Typical Cap Rate Range | 9.50% - 14.00% | 8% - 10% |
| 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 |