Lincoln Financial (The Lincoln National Life Insurance Company) vs Transamerica Life Insurance Company
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
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
Detailed Feature Comparison
| Feature | Lincoln Financial (The Lincoln National Life Insurance Company) | Transamerica Life Insurance Company |
|---|---|---|
| Founded | 1905 | 1904 |
| Headquarters | Radnor, Pennsylvania | Cedar Rapids, Iowa |
| Assets Under Management | $321 billion in end-of-period account balances | $223 billion in premiums in force; $29.5 billion AUM |
| Years in IUL Business | 20+ years | 20+ years |
| Number of IUL Products | 6 | 2 |
| Typical Cap Rate Range | 9.50% - 10.50% | 9.50% - 14.00% |
| Participation Rates | 105% | 150% |
| Minimum Premium | $5,000 annual | $3,600 annual |
| Issue Ages | 0-85 years | 0-85 years |
| Underwriting Speed | 2-4 weeks standard | 2-4 weeks standard |