North American Company for Life and Health Insurance vs John Hancock Life Insurance Company (U.S.A.)
Comprehensive side-by-side comparison of indexed universal life insurance companies
North American Company for Life and Health Insurance
Founded: 1886
West Des Moines, Iowa (new HQ 2021); Sioux Falls, SD (also listed)
Assets
$35 billion
IUL Experience
20+ years
Products
4
Avg Cap Rate
11%
Key Strengths
Superior crediting performance (#1 in distribution testing)
Fixed Interest Participating Policy Loans with 2.0% bonus
Protected Death Benefit - unique guaranteed portion feature
Free acceleration of death benefits for critical/chronic/terminal illness
Over 600,000 policies and annuities
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 | North American Company for Life and Health Insurance | John Hancock Life Insurance Company (U.S.A.) |
|---|---|---|
| Founded | 1886 | 1862 |
| Headquarters | West Des Moines, Iowa (new HQ 2021); Sioux Falls, SD (also listed) | Boston, Massachusetts |
| Assets Under Management | $35 billion | Part of Manulife with CA$1.4 trillion AUM |
| Years in IUL Business | 20+ years | 15+ years |
| Number of IUL Products | 4 | 4 |
| Typical Cap Rate Range | 10% - 11% | 7.50% - 9.00% |
| Participation Rates | 100% | 110% |
| Minimum Premium | $5,000 annual | $5,000 annual |
| Issue Ages | 0-85 years | 20-70 (Accumulation IUL with Vitality) |
| Underwriting Speed | 2-4 weeks standard | 3-4 weeks standard |