Pruco Life Insurance Company of New Jersey vs Nationwide
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
Nationwide
Founded: 1926
Columbus, Ohio
Assets
$140 billion
IUL Experience
18+ years
Products
4
Avg Cap Rate
10.25%
Key Strengths
Fortune 100 company (#72 in 2025)
Pioneer of Volatility Control Index movement
Industry-leading participation rates
Lowest cost of insurance charges in industry
Cap rates reaching 25% on certain strategies
Detailed Feature Comparison
| Feature | Pruco Life Insurance Company of New Jersey | Nationwide |
|---|---|---|
| Founded | 1982 | 1926 |
| Headquarters | Newark, New Jersey | Columbus, Ohio |
| Assets Under Management | $1.5 trillion Prudential consolidated | $140 billion |
| Years in IUL Business | 10+ years | 18+ years |
| Number of IUL Products | 1 | 4 |
| Typical Cap Rate Range | 8% - 11% | 6.00% - 25.00% |
| Participation Rates | 100% | 250% |
| Minimum Premium | $5,000 annual | $5,000 annual |
| Issue Ages | 0-85 years | 0-85 years |
| Underwriting Speed | 2-4 weeks | 2-4 weeks standard |