State Farm vs New York Life
Comprehensive side-by-side comparison of indexed universal life insurance companies
State Farm
Founded: 1922
Bloomington, Illinois
Assets
$200 billion+
IUL Experience
0+ years
Products
0
Avg Cap Rate
N/A
Key Strengths
Does NOT offer IUL
Offers universal life with 3% minimum interest
New York Life
Founded: 1845
New York, NY
Assets
$400 billion+ assets
IUL Experience
0+ years
Products
0
Avg Cap Rate
N/A
Key Strengths
Largest mutual company
Does NOT offer IUL
Offers UL and VUL, but no indexed UL
Detailed Feature Comparison
| Feature | State Farm | New York Life |
|---|---|---|
| Founded | 1922 | 1845 |
| Headquarters | Bloomington, Illinois | New York, NY |
| Assets Under Management | $200 billion+ | $400 billion+ assets |
| Years in IUL Business | 0+ years | 0+ years |
| Number of IUL Products | 0 | 0 |
| Typical Cap Rate Range | N/A - N/A | N/A - N/A |
| Participation Rates | N/A | N/A |
| Minimum Premium | N/A | N/A |
| Issue Ages | N/A | N/A |
| Underwriting Speed | N/A | N/A |