North American Company for Life and Health Insurance vs Foresters Financial
Comprehensive side-by-side comparison of indexed universal life insurance companies
North American Company for Life and Health Insurance
Founded: 1886
West Des Moines, Iowa (new HQ 2021); Sioux Falls, SD (also listed)
Assets
$35 billion
IUL Experience
20+ years
Products
4
Avg Cap Rate
11%
Key Strengths
Superior crediting performance (#1 in distribution testing)
Fixed Interest Participating Policy Loans with 2.0% bonus
Protected Death Benefit - unique guaranteed portion feature
Free acceleration of death benefits for critical/chronic/terminal illness
Over 600,000 policies and annuities
Foresters Financial
Founded: 1874
Buffalo, NY (U.S.); Ontario, Canada
Assets
$2.6+ billion AUM; RBC Ratio: 451%
IUL Experience
10+ years
Products
2
Avg Cap Rate
8.5%
Key Strengths
150+ year history
Fraternal benefit society - member benefits include scholarships, grants, wellness programs
$31.2 million in social good impact (2023)
Diabetes coverage (non-med up to Table 12)
Backed by Sumitomo Life - $330B+ combined assets
Detailed Feature Comparison
| Feature | North American Company for Life and Health Insurance | Foresters Financial |
|---|---|---|
| Founded | 1886 | 1874 |
| Headquarters | West Des Moines, Iowa (new HQ 2021); Sioux Falls, SD (also listed) | Buffalo, NY (U.S.); Ontario, Canada |
| Assets Under Management | $35 billion | $2.6+ billion AUM; RBC Ratio: 451% |
| Years in IUL Business | 20+ years | 10+ years |
| Number of IUL Products | 4 | 2 |
| Typical Cap Rate Range | 10% - 11% | 7% - 10% |
| Participation Rates | 100% | 110% |
| Minimum Premium | $5,000 annual | $3,600 annual |
| Issue Ages | 0-85 years | 0-85 years |
| Underwriting Speed | 2-4 weeks standard | 3-4 weeks standard |