National Life Group vs Foresters Financial
Comprehensive side-by-side comparison of indexed universal life insurance companies
National Life Group
Founded: 1848
Montpelier, Vermont
Assets
$45 billion
IUL Experience
20+ years
Products
3
Avg Cap Rate
Competitive market rates
Key Strengths
Market leader with 17.4% market share
Lifetime Income Benefit Rider with 10-year waiting period
Industry-leading chronic illness rider
175+ years operating history
Mutual structure aligns with policyholder interests
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
Detailed Feature Comparison
| Feature | National Life Group | Foresters Financial |
|---|---|---|
| Founded | 1848 | 1874 |
| Headquarters | Montpelier, Vermont | Buffalo, NY (U.S.); Ontario, Canada |
| Assets Under Management | $45 billion | $2.6+ billion AUM; RBC Ratio: 451% |
| Years in IUL Business | 20+ years | 10+ years |
| Number of IUL Products | 3 | 2 |
| Typical Cap Rate Range | Not publicly disclosed - Not publicly disclosed | 7% - 10% |
| Participation Rates | Competitive market rates | 110% |
| Minimum Premium | $50,000 (FlexLife) | $3,600 annual |
| Issue Ages | 0-85 years | 0-85 years |
| Underwriting Speed | 2-4 weeks standard | 3-4 weeks standard |