Lincoln Financial (The Lincoln National Life Insurance Company) vs John Hancock Life Insurance Company (U.S.A.)
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
John Hancock Life Insurance Company (U.S.A.)
Founded: 1862
Boston, Massachusetts
Assets
Part of Manulife with CA$1.4 trillion AUM
IUL Experience
15+ years
Products
4
Avg Cap Rate
8.00%
Key Strengths
160+ years in business
Comdex rating of 93 (among highest)
John Hancock Vitality Program (wellness-based rewards unique to industry)
Survivorship UL gold standard for estate planning
Strong with high-risk medical conditions
Detailed Feature Comparison
| Feature | Lincoln Financial (The Lincoln National Life Insurance Company) | John Hancock Life Insurance Company (U.S.A.) |
|---|---|---|
| Founded | 1905 | 1862 |
| Headquarters | Radnor, Pennsylvania | Boston, Massachusetts |
| Assets Under Management | $321 billion in end-of-period account balances | Part of Manulife with CA$1.4 trillion AUM |
| Years in IUL Business | 20+ years | 15+ years |
| Number of IUL Products | 6 | 4 |
| Typical Cap Rate Range | 9.50% - 10.50% | 7.50% - 9.00% |
| Participation Rates | 105% | 110% |
| Minimum Premium | $5,000 annual | $5,000 annual |
| Issue Ages | 0-85 years | 20-70 (Accumulation IUL with Vitality) |
| Underwriting Speed | 2-4 weeks standard | 3-4 weeks standard |