Protective Life Insurance Company vs F&G (Fidelity & Guaranty Life)
Comprehensive side-by-side comparison of indexed universal life insurance companies
Protective Life Insurance Company
Founded: 1907
Birmingham, Alabama
Assets
$120 billion
IUL Experience
15+ years
Products
2
Avg Cap Rate
9.5%
Key Strengths
Forbes: 'Best for Universal Life'
USA Today: Best carrier overall
Competitive internal policy costs
Term policies up to 40 years
Strong Japanese parent backing (Dai-ichi Life Holdings)
F&G (Fidelity & Guaranty Life)
Founded: 1959
Des Moines, Iowa
Assets
$40 billion
IUL Experience
10+ years
Products
2
Avg Cap Rate
9.5%
Key Strengths
LIMRA Q2 2024: Top IUL provider ranking
Competitive historical performance
Quick policy delivery
Juvenile IUL specialty (15 days to 17 years)
Living benefits: accelerated death benefits
Detailed Feature Comparison
| Feature | Protective Life Insurance Company | F&G (Fidelity & Guaranty Life) |
|---|---|---|
| Founded | 1907 | 1959 |
| Headquarters | Birmingham, Alabama | Des Moines, Iowa |
| Assets Under Management | $120 billion | $40 billion |
| Years in IUL Business | 15+ years | 10+ years |
| Number of IUL Products | 2 | 2 |
| Typical Cap Rate Range | 8% - 11% | 8% - 11% |
| Participation Rates | 110% | 115% |
| Minimum Premium | $5,000 annual | $3,600 annual |
| Issue Ages | 0-85 years | 15 days to 85 years |
| Underwriting Speed | 2-4 weeks standard | Some immediate delivery or within 24 hours |