Pruco Life Insurance Company of New Jersey vs Transamerica Life Insurance Company
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
Transamerica Life Insurance Company
Founded: 1904
Cedar Rapids, Iowa
Assets
$223 billion in premiums in force; $29.5 billion AUM
IUL Experience
20+ years
Products
2
Avg Cap Rate
12.00%
Key Strengths
High cap rates (12% on flagship product)
Uncapped options with high participation rates
Superior living benefits offerings
12.5 million insurance policies in force
Over 120 years of history
Detailed Feature Comparison
| Feature | Pruco Life Insurance Company of New Jersey | Transamerica Life Insurance Company |
|---|---|---|
| Founded | 1982 | 1904 |
| Headquarters | Newark, New Jersey | Cedar Rapids, Iowa |
| Assets Under Management | $1.5 trillion Prudential consolidated | $223 billion in premiums in force; $29.5 billion AUM |
| Years in IUL Business | 10+ years | 20+ years |
| Number of IUL Products | 1 | 2 |
| Typical Cap Rate Range | 8% - 11% | 9.50% - 14.00% |
| Participation Rates | 100% | 150% |
| Minimum Premium | $5,000 annual | $3,600 annual |
| Issue Ages | 0-85 years | 0-85 years |
| Underwriting Speed | 2-4 weeks | 2-4 weeks standard |