Pacific Life vs Lincoln Financial (The Lincoln National Life Insurance Company)
Comprehensive side-by-side comparison of indexed universal life insurance companies
Pacific Life
Founded: 1868
Newport Beach, California
Assets
$239 billion
IUL Experience
20+ years
Products
12
Avg Cap Rate
8.50%
Key Strengths
Second largest by market share with 38% YoY growth
Fortune 500 company (#282)
$1.5 trillion life insurance in force
8 consecutive years World's Most Ethical Companies
Innovation leader in IUL space
Lincoln Financial (The Lincoln National Life Insurance Company)
Founded: 1905
Radnor, Pennsylvania
Assets
$321 billion in end-of-period account balances
IUL Experience
20+ years
Products
6
Avg Cap Rate
10.00%
Key Strengths
NEW Elite Indexed Universal Life Portfolio (2025)
New Multiplier Riders for enhanced performance
Dual IUL designs for different optimization approaches
120-year-old company
Serves 17 million customers
Detailed Feature Comparison
| Feature | Pacific Life | Lincoln Financial (The Lincoln National Life Insurance Company) |
|---|---|---|
| Founded | 1868 | 1905 |
| Headquarters | Newport Beach, California | Radnor, Pennsylvania |
| Assets Under Management | $239 billion | $321 billion in end-of-period account balances |
| Years in IUL Business | 20+ years | 20+ years |
| Number of IUL Products | 12 | 6 |
| Typical Cap Rate Range | 7.50% - 9.00% | 9.50% - 10.50% |
| Participation Rates | 125% | 105% |
| Minimum Premium | $5,000 annual | $5,000 annual |
| Issue Ages | 0-85 years | 0-85 years |
| Underwriting Speed | 2-4 weeks standard, 48 hours accelerated available | 2-4 weeks standard |
Pacific Life IUL Policies
Pacific Discovery Xcelerator IUL 2
Cap Rate: 7.50% with uncapped 10.00% threshold option
Floor: 0%
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