Pruco Life Insurance Company of New Jersey vs Banner Life
Comprehensive side-by-side comparison of indexed universal life insurance companies
Pruco Life Insurance Company of New Jersey
Founded: 1982
Newark, New Jersey
Assets
$1.5 trillion Prudential consolidated
IUL Experience
10+ years
Products
1
Avg Cap Rate
10%
Key Strengths
Prudential subsidiary for NJ/NY
Prudential Momentum IUL (2024): 10.5-11% caps on S&P 500
Nasdaq-100 uncapped with 65% participation
Banner Life
Founded: 1949
Frederick, Maryland
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
Detailed Feature Comparison
| Feature | Pruco Life Insurance Company of New Jersey | Banner Life |
|---|---|---|
| Founded | 1982 | 1949 |
| Headquarters | Newark, New Jersey | Frederick, Maryland |
| Assets Under Management | $1.5 trillion Prudential consolidated | $30 billion |
| Years in IUL Business | 10+ years | 0+ years |
| Number of IUL Products | 1 | 0 |
| Typical Cap Rate Range | 8% - 11% | N/A - N/A |
| Participation Rates | 100% | N/A |
| Minimum Premium | $5,000 annual | N/A |
| Issue Ages | 0-85 years | N/A |
| Underwriting Speed | 2-4 weeks | N/A |