National Life Group vs Protective 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
Protective Life Insurance Company
Founded: 1907
Birmingham, Alabama
Assets
$120 billion
IUL Experience
15+ years
Products
2
Avg Cap Rate
9.5%
Key Strengths
Forbes: 'Best for Universal Life'
USA Today: Best carrier overall
Competitive internal policy costs
Term policies up to 40 years
Strong Japanese parent backing (Dai-ichi Life Holdings)
Detailed Feature Comparison
| Feature | National Life Group | Protective Life Insurance Company |
|---|---|---|
| Founded | 1848 | 1907 |
| Headquarters | Montpelier, Vermont | Birmingham, Alabama |
| Assets Under Management | $45 billion | $120 billion |
| Years in IUL Business | 20+ years | 15+ years |
| Number of IUL Products | 3 | 2 |
| Typical Cap Rate Range | Not publicly disclosed - Not publicly disclosed | 8% - 11% |
| 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 |