Northwestern Mutual vs Banner Life

Comprehensive side-by-side comparison of indexed universal life insurance companies

Updated 2025
Independent Analysis
Professional Ratings

Northwestern Mutual

Founded: 1857

Milwaukee, Wisconsin

Financial Strength Ratings

AM Best A++
S&P AA+
Moody's Aa1
Assets
$655 billion+
IUL Experience
0+ years
Products
0
Avg Cap Rate
N/A

Key Strengths

Highest financial ratings
Does NOT offer IUL products
Focuses on whole life and VUL
Visit Northwestern Mutual Website →

Banner Life

Founded: 1949

Frederick, Maryland

Financial Strength Ratings

AM Best A+
Assets
$30 billion
IUL Experience
0+ years
Products
0
Avg Cap Rate
N/A

Key Strengths

Does NOT offer IUL
Specializes in competitive term life
Visit Banner Life Website →

Detailed Feature Comparison

Feature Northwestern Mutual Banner Life
Founded 1857 1949
Headquarters Milwaukee, Wisconsin Frederick, Maryland
Assets Under Management $655 billion+ $30 billion
Years in IUL Business 0+ years 0+ years
Number of IUL Products 0 0
Typical Cap Rate Range N/A - N/A N/A - N/A
Participation Rates N/A N/A
Minimum Premium N/A N/A
Issue Ages N/A N/A
Underwriting Speed N/A N/A

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