John Hancock Life Insurance Company (U.S.A.) vs National Life Group
Comprehensive side-by-side comparison of indexed universal life insurance companies
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
National Life Group
Founded: 1848
Montpelier, Vermont
Assets
$45 billion
IUL Experience
20+ years
Products
3
Avg Cap Rate
Competitive market rates
Key Strengths
Market leader with 17.4% market share
Lifetime Income Benefit Rider with 10-year waiting period
Industry-leading chronic illness rider
175+ years operating history
Mutual structure aligns with policyholder interests
Detailed Feature Comparison
| Feature | John Hancock Life Insurance Company (U.S.A.) | National Life Group |
|---|---|---|
| Founded | 1862 | 1848 |
| Headquarters | Boston, Massachusetts | Montpelier, Vermont |
| Assets Under Management | Part of Manulife with CA$1.4 trillion AUM | $45 billion |
| Years in IUL Business | 15+ years | 20+ years |
| Number of IUL Products | 4 | 3 |
| Typical Cap Rate Range | 7.50% - 9.00% | Not publicly disclosed - Not publicly disclosed |
| Participation Rates | 110% | Competitive market rates |
| Minimum Premium | $5,000 annual | $50,000 (FlexLife) |
| Issue Ages | 20-70 (Accumulation IUL with Vitality) | 0-85 years |
| Underwriting Speed | 3-4 weeks standard | 2-4 weeks standard |