Foresters Financial vs Transamerica Life Insurance Company
Comprehensive side-by-side comparison of indexed universal life insurance companies
Foresters Financial
Founded: 1874
Buffalo, NY (U.S.); Ontario, Canada
Assets
$2.6+ billion AUM; RBC Ratio: 451%
IUL Experience
10+ years
Products
2
Avg Cap Rate
8.5%
Key Strengths
150+ year history
Fraternal benefit society - member benefits include scholarships, grants, wellness programs
$31.2 million in social good impact (2023)
Diabetes coverage (non-med up to Table 12)
Backed by Sumitomo Life - $330B+ combined assets
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 | Foresters Financial | Transamerica Life Insurance Company |
|---|---|---|
| Founded | 1874 | 1904 |
| Headquarters | Buffalo, NY (U.S.); Ontario, Canada | Cedar Rapids, Iowa |
| Assets Under Management | $2.6+ billion AUM; RBC Ratio: 451% | $223 billion in premiums in force; $29.5 billion AUM |
| Years in IUL Business | 10+ years | 20+ years |
| Number of IUL Products | 2 | 2 |
| Typical Cap Rate Range | 7% - 10% | 9.50% - 14.00% |
| Participation Rates | 110% | 150% |
| Minimum Premium | $3,600 annual | $3,600 annual |
| Issue Ages | 0-85 years | 0-85 years |
| Underwriting Speed | 3-4 weeks standard | 2-4 weeks standard |