John Hancock Life Insurance Company (U.S.A.) vs Transamerica Life Insurance Company
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
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 | John Hancock Life Insurance Company (U.S.A.) | Transamerica Life Insurance Company |
|---|---|---|
| Founded | 1862 | 1904 |
| Headquarters | Boston, Massachusetts | Cedar Rapids, Iowa |
| Assets Under Management | Part of Manulife with CA$1.4 trillion AUM | $223 billion in premiums in force; $29.5 billion AUM |
| Years in IUL Business | 15+ years | 20+ years |
| Number of IUL Products | 4 | 2 |
| Typical Cap Rate Range | 7.50% - 9.00% | 9.50% - 14.00% |
| Participation Rates | 110% | 150% |
| Minimum Premium | $5,000 annual | $3,600 annual |
| Issue Ages | 20-70 (Accumulation IUL with Vitality) | 0-85 years |
| Underwriting Speed | 3-4 weeks standard | 2-4 weeks standard |