National Life Group vs Prudential (Pruco 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
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 | National Life Group | Prudential (Pruco Life Insurance Company) |
|---|---|---|
| Founded | 1848 | 1875 |
| Headquarters | Montpelier, Vermont | Newark, New Jersey |
| Assets Under Management | $45 billion | $1.7 trillion AUM; $4 trillion gross life insurance in force worldwide |
| Years in IUL Business | 20+ years | 15+ years |
| Number of IUL Products | 3 | 4 |
| Typical Cap Rate Range | Not publicly disclosed - Not publicly disclosed | 7.00% - 10.25% |
| Participation Rates | Competitive market rates | 110% |
| Minimum Premium | $50,000 (FlexLife) | $5,000 annual |
| Issue Ages | 0-85 years | 0-85 years |
| Underwriting Speed | 2-4 weeks standard | 2-4 weeks standard |