John Hancock Life Insurance Company (U.S.A.) vs North American Company for Life and Health Insurance
Comprehensive side-by-side comparison of indexed universal life insurance companies
John Hancock Life Insurance Company (U.S.A.)
Founded: 1862
Boston, Massachusetts
Assets
Part of Manulife with CA$1.4 trillion AUM
IUL Experience
15+ years
Products
4
Avg Cap Rate
8.00%
Key Strengths
160+ years in business
Comdex rating of 93 (among highest)
John Hancock Vitality Program (wellness-based rewards unique to industry)
Survivorship UL gold standard for estate planning
Strong with high-risk medical conditions
North American Company for Life and Health Insurance
Founded: 1886
West Des Moines, Iowa (new HQ 2021); Sioux Falls, SD (also listed)
Assets
$35 billion
IUL Experience
20+ years
Products
4
Avg Cap Rate
11%
Key Strengths
Superior crediting performance (#1 in distribution testing)
Fixed Interest Participating Policy Loans with 2.0% bonus
Protected Death Benefit - unique guaranteed portion feature
Free acceleration of death benefits for critical/chronic/terminal illness
Over 600,000 policies and annuities
Detailed Feature Comparison
| Feature | John Hancock Life Insurance Company (U.S.A.) | North American Company for Life and Health Insurance |
|---|---|---|
| Founded | 1862 | 1886 |
| Headquarters | Boston, Massachusetts | West Des Moines, Iowa (new HQ 2021); Sioux Falls, SD (also listed) |
| Assets Under Management | Part of Manulife with CA$1.4 trillion AUM | $35 billion |
| Years in IUL Business | 15+ years | 20+ years |
| Number of IUL Products | 4 | 4 |
| Typical Cap Rate Range | 7.50% - 9.00% | 10% - 11% |
| Participation Rates | 110% | 100% |
| Minimum Premium | $5,000 annual | $5,000 annual |
| Issue Ages | 20-70 (Accumulation IUL with Vitality) | 0-85 years |
| Underwriting Speed | 3-4 weeks standard | 2-4 weeks standard |