National Life Group vs Symetra Life Insurance Company
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
Symetra Life Insurance Company
Founded: 1957
Bellevue, Washington
Assets
$58+ billion
IUL Experience
10+ years
Products
3
Avg Cap Rate
9.5%
Key Strengths
May 2023: higher caps, participation rates, bonuses; lower premiums
Fastest approvals: 18-25 minutes
Cancer Care Compass Rider (multi-cancer detection)
2% lookback guarantee (Accumulator)
GoodLife rewards for healthy lifestyle
Detailed Feature Comparison
| Feature | National Life Group | Symetra Life Insurance Company |
|---|---|---|
| Founded | 1848 | 1957 |
| Headquarters | Montpelier, Vermont | Bellevue, Washington |
| Assets Under Management | $45 billion | $58+ billion |
| Years in IUL Business | 20+ years | 10+ years |
| Number of IUL Products | 3 | 3 |
| Typical Cap Rate Range | Not publicly disclosed - Not publicly disclosed | 8% - 11% |
| Participation Rates | Competitive market rates | 140% |
| Minimum Premium | $50,000 (FlexLife) | $3,600 annual |
| Issue Ages | 0-85 years | 20-85 (Accumulator/Protector); 20-60 (SwiftProtector) |
| Underwriting Speed | 2-4 weeks standard | SwiftProtector 18-25 minutes; SwiftTerm 18 minutes |