Northwestern Mutual vs New York 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 →

New York Life

Founded: 1845

New York, NY

Financial Strength Ratings

AM Best A++
S&P AA+
Moody's Aaa
Assets
$400 billion+ assets
IUL Experience
0+ years
Products
0
Avg Cap Rate
N/A

Key Strengths

Largest mutual company
Does NOT offer IUL
Offers UL and VUL, but no indexed UL
Visit New York Life Website →

Detailed Feature Comparison

Feature Northwestern Mutual New York Life
Founded 1857 1845
Headquarters Milwaukee, Wisconsin New York, NY
Assets Under Management $655 billion+ $400 billion+ assets
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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New York Life

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Similar Companies

Northwestern Mutual

AM Best: A++

$655 billion+ AUM

Compare →

MassMutual

AM Best: A++

$950 billion+ life protection in force AUM

Compare →

Guardian Life

AM Best: A++

$1.6 billion dividend allocation 2025 AUM

Compare →

State Farm

AM Best: A++

$200 billion+ AUM

Compare →