National Life Group vs Transamerica Life Insurance Company
Comprehensive side-by-side comparison of indexed universal life insurance companies
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
Transamerica Life Insurance Company
Founded: 1904
Cedar Rapids, Iowa
Assets
$223 billion in premiums in force; $29.5 billion AUM
IUL Experience
20+ years
Products
2
Avg Cap Rate
12.00%
Key Strengths
High cap rates (12% on flagship product)
Uncapped options with high participation rates
Superior living benefits offerings
12.5 million insurance policies in force
Over 120 years of history
Detailed Feature Comparison
| Feature | National Life Group | Transamerica Life Insurance Company |
|---|---|---|
| Founded | 1848 | 1904 |
| Headquarters | Montpelier, Vermont | Cedar Rapids, Iowa |
| Assets Under Management | $45 billion | $223 billion in premiums in force; $29.5 billion AUM |
| Years in IUL Business | 20+ years | 20+ years |
| Number of IUL Products | 3 | 2 |
| Typical Cap Rate Range | Not publicly disclosed - Not publicly disclosed | 9.50% - 14.00% |
| Participation Rates | Competitive market rates | 150% |
| Minimum Premium | $50,000 (FlexLife) | $3,600 annual |
| Issue Ages | 0-85 years | 0-85 years |
| Underwriting Speed | 2-4 weeks standard | 2-4 weeks standard |