Allianz Life Insurance Company of North America vs Lincoln Financial (The Lincoln National Life Insurance Company)
Comprehensive side-by-side comparison of indexed universal life insurance companies
Allianz Life Insurance Company of North America
Founded: 1896
Minneapolis, Minnesota
Assets
$125 billion
IUL Experience
28+ years
Products
2
Avg Cap Rate
9%
Key Strengths
Exclusive Index Rate Lock feature (unique to Allianz)
40% multiplier bonus available
5% guaranteed index loan rate
Multiple uncapped index crediting options
Free chronic and terminal illness benefits
Lincoln Financial (The Lincoln National Life Insurance Company)
Founded: 1905
Radnor, Pennsylvania
Assets
$321 billion in end-of-period account balances
IUL Experience
20+ years
Products
6
Avg Cap Rate
10.00%
Key Strengths
NEW Elite Indexed Universal Life Portfolio (2025)
New Multiplier Riders for enhanced performance
Dual IUL designs for different optimization approaches
120-year-old company
Serves 17 million customers
Detailed Feature Comparison
| Feature | Allianz Life Insurance Company of North America | Lincoln Financial (The Lincoln National Life Insurance Company) |
|---|---|---|
| Founded | 1896 | 1905 |
| Headquarters | Minneapolis, Minnesota | Radnor, Pennsylvania |
| Assets Under Management | $125 billion | $321 billion in end-of-period account balances |
| Years in IUL Business | 28+ years | 20+ years |
| Number of IUL Products | 2 | 6 |
| Typical Cap Rate Range | 8% - 10% | 9.50% - 10.50% |
| Participation Rates | 110% | 105% |
| Minimum Premium | $5,000 annual | $5,000 annual |
| Issue Ages | 25-65 for accelerated underwriting (up to $3M without medical exam) | 0-85 years |
| Underwriting Speed | 2-3 weeks standard, accelerated available | 2-4 weeks standard |