Lincoln Financial (The Lincoln National Life Insurance Company) vs Nationwide
Comprehensive side-by-side comparison of indexed universal life insurance companies
Lincoln Financial (The Lincoln National Life Insurance Company)
Founded: 1905
Radnor, Pennsylvania
Assets
$321 billion in end-of-period account balances
IUL Experience
20+ years
Products
6
Avg Cap Rate
10.00%
Key Strengths
NEW Elite Indexed Universal Life Portfolio (2025)
New Multiplier Riders for enhanced performance
Dual IUL designs for different optimization approaches
120-year-old company
Serves 17 million customers
Nationwide
Founded: 1926
Columbus, Ohio
Assets
$140 billion
IUL Experience
18+ years
Products
4
Avg Cap Rate
10.25%
Key Strengths
Fortune 100 company (#72 in 2025)
Pioneer of Volatility Control Index movement
Industry-leading participation rates
Lowest cost of insurance charges in industry
Cap rates reaching 25% on certain strategies
Detailed Feature Comparison
| Feature | Lincoln Financial (The Lincoln National Life Insurance Company) | Nationwide |
|---|---|---|
| Founded | 1905 | 1926 |
| Headquarters | Radnor, Pennsylvania | Columbus, Ohio |
| Assets Under Management | $321 billion in end-of-period account balances | $140 billion |
| Years in IUL Business | 20+ years | 18+ years |
| Number of IUL Products | 6 | 4 |
| Typical Cap Rate Range | 9.50% - 10.50% | 6.00% - 25.00% |
| Participation Rates | 105% | 250% |
| Minimum Premium | $5,000 annual | $5,000 annual |
| Issue Ages | 0-85 years | 0-85 years |
| Underwriting Speed | 2-4 weeks standard | 2-4 weeks standard |