Pruco Life Insurance Company of New Jersey vs National Life Group
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
National Life Group
Founded: 1848
Montpelier, Vermont
Assets
$45 billion
IUL Experience
20+ years
Products
3
Avg Cap Rate
Competitive market rates
Key Strengths
Market leader with 17.4% market share
Lifetime Income Benefit Rider with 10-year waiting period
Industry-leading chronic illness rider
175+ years operating history
Mutual structure aligns with policyholder interests
Detailed Feature Comparison
| Feature | Pruco Life Insurance Company of New Jersey | National Life Group |
|---|---|---|
| Founded | 1982 | 1848 |
| Headquarters | Newark, New Jersey | Montpelier, Vermont |
| Assets Under Management | $1.5 trillion Prudential consolidated | $45 billion |
| Years in IUL Business | 10+ years | 20+ years |
| Number of IUL Products | 1 | 3 |
| Typical Cap Rate Range | 8% - 11% | Not publicly disclosed - Not publicly disclosed |
| Participation Rates | 100% | Competitive market rates |
| Minimum Premium | $5,000 annual | $50,000 (FlexLife) |
| Issue Ages | 0-85 years | 0-85 years |
| Underwriting Speed | 2-4 weeks | 2-4 weeks standard |