American General Life Insurance (Corebridge Financial) vs North American Company for Life and Health Insurance
Comprehensive side-by-side comparison of indexed universal life insurance companies
American General Life Insurance (Corebridge Financial)
Founded: 1926
Houston, Texas
Assets
$393 billion (Corebridge consolidated)
IUL Experience
15+ years
Products
3
Avg Cap Rate
9.5%
Key Strengths
4.4 million policyholders, $393B assets
18 duration options (most flexible in industry)
AU+ accelerated underwriting (60%+ qualify, some approved in 24 hours)
Strong high-risk underwriting history
Multiple index crediting with safeguards
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
Detailed Feature Comparison
| Feature | American General Life Insurance (Corebridge Financial) | North American Company for Life and Health Insurance |
|---|---|---|
| Founded | 1926 | 1886 |
| Headquarters | Houston, Texas | West Des Moines, Iowa (new HQ 2021); Sioux Falls, SD (also listed) |
| Assets Under Management | $393 billion (Corebridge consolidated) | $35 billion |
| Years in IUL Business | 15+ years | 20+ years |
| Number of IUL Products | 3 | 4 |
| Typical Cap Rate Range | 8% - 11% | 10% - 11% |
| Participation Rates | 115% | 100% |
| Minimum Premium | $5,000 annual | $5,000 annual |
| Issue Ages | 0-85 years | 0-85 years |
| Underwriting Speed | 24 hours to 4 weeks (60%+ qualify for accelerated) | 2-4 weeks standard |