Allianz Life Insurance Company of North America vs Transamerica 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
Transamerica Life Insurance Company
Founded: 1904
Cedar Rapids, Iowa
Assets
$223 billion in premiums in force; $29.5 billion AUM
IUL Experience
20+ years
Products
2
Avg Cap Rate
12.00%
Key Strengths
High cap rates (12% on flagship product)
Uncapped options with high participation rates
Superior living benefits offerings
12.5 million insurance policies in force
Over 120 years of history
Detailed Feature Comparison
| Feature | Allianz Life Insurance Company of North America | Transamerica Life Insurance Company |
|---|---|---|
| Founded | 1896 | 1904 |
| Headquarters | Minneapolis, Minnesota | Cedar Rapids, Iowa |
| Assets Under Management | $125 billion | $223 billion in premiums in force; $29.5 billion AUM |
| Years in IUL Business | 28+ years | 20+ years |
| Number of IUL Products | 2 | 2 |
| Typical Cap Rate Range | 8% - 10% | 9.50% - 14.00% |
| Participation Rates | 110% | 150% |
| Minimum Premium | $5,000 annual | $3,600 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 |