National Life Group vs John Hancock Life Insurance Company (U.S.A.)
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
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
Detailed Feature Comparison
| Feature | National Life Group | John Hancock Life Insurance Company (U.S.A.) |
|---|---|---|
| Founded | 1848 | 1862 |
| Headquarters | Montpelier, Vermont | Boston, Massachusetts |
| Assets Under Management | $45 billion | Part of Manulife with CA$1.4 trillion AUM |
| Years in IUL Business | 20+ years | 15+ years |
| Number of IUL Products | 3 | 4 |
| Typical Cap Rate Range | Not publicly disclosed - Not publicly disclosed | 7.50% - 9.00% |
| Participation Rates | Competitive market rates | 110% |
| Minimum Premium | $50,000 (FlexLife) | $5,000 annual |
| Issue Ages | 0-85 years | 20-70 (Accumulation IUL with Vitality) |
| Underwriting Speed | 2-4 weeks standard | 3-4 weeks standard |