Transamerica Life Insurance Company vs Lincoln Financial (The Lincoln National Life Insurance Company)
Comprehensive side-by-side comparison of indexed universal life insurance companies
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
Lincoln Financial (The Lincoln National Life Insurance Company)
Founded: 1905
Radnor, Pennsylvania
Assets
$321 billion in end-of-period account balances
IUL Experience
20+ years
Products
6
Avg Cap Rate
10.00%
Key Strengths
NEW Elite Indexed Universal Life Portfolio (2025)
New Multiplier Riders for enhanced performance
Dual IUL designs for different optimization approaches
120-year-old company
Serves 17 million customers
Detailed Feature Comparison
| Feature | Transamerica Life Insurance Company | Lincoln Financial (The Lincoln National Life Insurance Company) |
|---|---|---|
| Founded | 1904 | 1905 |
| Headquarters | Cedar Rapids, Iowa | Radnor, Pennsylvania |
| Assets Under Management | $223 billion in premiums in force; $29.5 billion AUM | $321 billion in end-of-period account balances |
| Years in IUL Business | 20+ years | 20+ years |
| Number of IUL Products | 2 | 6 |
| Typical Cap Rate Range | 9.50% - 14.00% | 9.50% - 10.50% |
| Participation Rates | 150% | 105% |
| Minimum Premium | $3,600 annual | $5,000 annual |
| Issue Ages | 0-85 years | 0-85 years |
| Underwriting Speed | 2-4 weeks standard | 2-4 weeks standard |