John Hancock Life Insurance Company (U.S.A.) vs Prudential (Pruco Life Insurance Company)
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
Prudential (Pruco Life Insurance Company)
Founded: 1875
Newark, New Jersey
Assets
$1.7 trillion AUM; $4 trillion gross life insurance in force worldwide
IUL Experience
15+ years
Products
4
Avg Cap Rate
8.75%
Key Strengths
Fortune Global 500 company
Over 145 years of history
#1 in variable life insurance market
BenefitAccess Rider for chronic/terminal illness
Over 50 million customers worldwide
Detailed Feature Comparison
| Feature | John Hancock Life Insurance Company (U.S.A.) | Prudential (Pruco Life Insurance Company) |
|---|---|---|
| Founded | 1862 | 1875 |
| Headquarters | Boston, Massachusetts | Newark, New Jersey |
| Assets Under Management | Part of Manulife with CA$1.4 trillion AUM | $1.7 trillion AUM; $4 trillion gross life insurance in force worldwide |
| Years in IUL Business | 15+ years | 15+ years |
| Number of IUL Products | 4 | 4 |
| Typical Cap Rate Range | 7.50% - 9.00% | 7.00% - 10.25% |
| Participation Rates | 110% | 110% |
| 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 |