Protective Life Insurance Company vs Gerber Life Insurance
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)
Gerber Life Insurance
Founded: 1967
White Plains, New York
Assets
$52 billion+ in force (Western & Southern)
IUL Experience
0+ years
Products
0
Avg Cap Rate
N/A
Key Strengths
Does NOT offer IUL
Specializes in children's/family insurance
Detailed Feature Comparison
| Feature | Protective Life Insurance Company | Gerber Life Insurance |
|---|---|---|
| Founded | 1907 | 1967 |
| Headquarters | Birmingham, Alabama | White Plains, New York |
| Assets Under Management | $120 billion | $52 billion+ in force (Western & Southern) |
| Years in IUL Business | 15+ years | 0+ years |
| Number of IUL Products | 2 | 0 |
| Typical Cap Rate Range | 8% - 11% | N/A - N/A |
| Participation Rates | 110% | N/A |
| Minimum Premium | $5,000 annual | N/A |
| Issue Ages | 0-85 years | N/A |
| Underwriting Speed | 2-4 weeks standard | N/A |