Lincoln Financial (The Lincoln National Life Insurance Company) vs Symetra 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
Symetra Life Insurance Company
Founded: 1957
Bellevue, Washington
Assets
$58+ billion
IUL Experience
10+ years
Products
3
Avg Cap Rate
9.5%
Key Strengths
May 2023: higher caps, participation rates, bonuses; lower premiums
Fastest approvals: 18-25 minutes
Cancer Care Compass Rider (multi-cancer detection)
2% lookback guarantee (Accumulator)
GoodLife rewards for healthy lifestyle
Detailed Feature Comparison
| Feature | Lincoln Financial (The Lincoln National Life Insurance Company) | Symetra Life Insurance Company |
|---|---|---|
| Founded | 1905 | 1957 |
| Headquarters | Radnor, Pennsylvania | Bellevue, Washington |
| Assets Under Management | $321 billion in end-of-period account balances | $58+ billion |
| Years in IUL Business | 20+ years | 10+ years |
| Number of IUL Products | 6 | 3 |
| Typical Cap Rate Range | 9.50% - 10.50% | 8% - 11% |
| Participation Rates | 105% | 140% |
| Minimum Premium | $5,000 annual | $3,600 annual |
| Issue Ages | 0-85 years | 20-85 (Accumulator/Protector); 20-60 (SwiftProtector) |
| Underwriting Speed | 2-4 weeks standard | SwiftProtector 18-25 minutes; SwiftTerm 18 minutes |