Mutual of Omaha Insurance Company vs Prudential (Pruco Life Insurance Company)
Comprehensive side-by-side comparison of indexed universal life insurance companies
Mutual of Omaha Insurance Company
Founded: 1909
Omaha, Nebraska
Assets
$42 billion (Fortune 500)
IUL Experience
15+ years
Products
3
Avg Cap Rate
10%
Key Strengths
12% cap rates (among highest in industry)
Industry-leading policy structure for cash value growth
Streamlined fees during 0% floor years
Fortune 500 company
116+ years of history
Prudential (Pruco Life Insurance Company)
Founded: 1875
Newark, New Jersey
Assets
$1.7 trillion AUM; $4 trillion gross life insurance in force worldwide
IUL Experience
15+ years
Products
4
Avg Cap Rate
8.75%
Key Strengths
Fortune Global 500 company
Over 145 years of history
#1 in variable life insurance market
BenefitAccess Rider for chronic/terminal illness
Over 50 million customers worldwide
Detailed Feature Comparison
| Feature | Mutual of Omaha Insurance Company | Prudential (Pruco Life Insurance Company) |
|---|---|---|
| Founded | 1909 | 1875 |
| Headquarters | Omaha, Nebraska | Newark, New Jersey |
| Assets Under Management | $42 billion (Fortune 500) | $1.7 trillion AUM; $4 trillion gross life insurance in force worldwide |
| Years in IUL Business | 15+ years | 15+ years |
| Number of IUL Products | 3 | 4 |
| Typical Cap Rate Range | 7% - 12% | 7.00% - 10.25% |
| Participation Rates | 100% | 110% |
| Minimum Premium | $100,000 (IUL Express Easy Solve option) | $5,000 annual |
| Issue Ages | 0-85 years | 0-85 years |
| Underwriting Speed | 2-3 weeks standard | 2-4 weeks standard |