Protective Life Insurance Company vs Accordia Life
Comprehensive side-by-side comparison of indexed universal life insurance companies
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)
Accordia Life
Founded: 1962
Des Moines, Iowa
Assets
$8 billion
IUL Experience
8+ years
Products
3
Avg Cap Rate
9%
Key Strengths
Offers 3+ IUL products
Lifetime Builder IUL, Provider IUL, Survivorship Builder IUL, Global Accumulator
Global Atlantic (KKR-owned) parent
Detailed Feature Comparison
| Feature | Protective Life Insurance Company | Accordia Life |
|---|---|---|
| Founded | 1907 | 1962 |
| Headquarters | Birmingham, Alabama | Des Moines, Iowa |
| Assets Under Management | $120 billion | $8 billion |
| Years in IUL Business | 15+ years | 8+ years |
| Number of IUL Products | 2 | 3 |
| Typical Cap Rate Range | 8% - 11% | 8% - 10% |
| Participation Rates | 110% | 110% |
| Minimum Premium | $5,000 annual | $5,000 annual |
| Issue Ages | 0-85 years | 0-85 years |
| Underwriting Speed | 2-4 weeks standard | 2-4 weeks |