John Hancock Life Insurance Company (U.S.A.) vs Nationwide
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
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 | John Hancock Life Insurance Company (U.S.A.) | Nationwide |
|---|---|---|
| Founded | 1862 | 1926 |
| Headquarters | Boston, Massachusetts | Columbus, Ohio |
| Assets Under Management | Part of Manulife with CA$1.4 trillion AUM | $140 billion |
| Years in IUL Business | 15+ years | 18+ years |
| Number of IUL Products | 4 | 4 |
| Typical Cap Rate Range | 7.50% - 9.00% | 6.00% - 25.00% |
| Participation Rates | 110% | 250% |
| Minimum Premium | $5,000 annual | $5,000 annual |
| Issue Ages | 20-70 (Accumulation IUL with Vitality) | 0-85 years |
| Underwriting Speed | 3-4 weeks standard | 2-4 weeks standard |