Mutual of Omaha Insurance Company vs John Hancock Life Insurance Company (U.S.A.)
Comprehensive side-by-side comparison of indexed universal life insurance companies
Mutual of Omaha Insurance Company
Founded: 1909
Omaha, Nebraska
Assets
$42 billion (Fortune 500)
IUL Experience
15+ years
Products
3
Avg Cap Rate
10%
Key Strengths
12% cap rates (among highest in industry)
Industry-leading policy structure for cash value growth
Streamlined fees during 0% floor years
Fortune 500 company
116+ years of history
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 | Mutual of Omaha Insurance Company | John Hancock Life Insurance Company (U.S.A.) |
|---|---|---|
| Founded | 1909 | 1862 |
| Headquarters | Omaha, Nebraska | Boston, Massachusetts |
| Assets Under Management | $42 billion (Fortune 500) | Part of Manulife with CA$1.4 trillion AUM |
| Years in IUL Business | 15+ years | 15+ years |
| Number of IUL Products | 3 | 4 |
| Typical Cap Rate Range | 7% - 12% | 7.50% - 9.00% |
| Participation Rates | 100% | 110% |
| Minimum Premium | $100,000 (IUL Express Easy Solve option) | $5,000 annual |
| Issue Ages | 0-85 years | 20-70 (Accumulation IUL with Vitality) |
| Underwriting Speed | 2-3 weeks standard | 3-4 weeks standard |