Transamerica Life Insurance Company vs Nationwide
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
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 | Transamerica Life Insurance Company | Nationwide |
|---|---|---|
| Founded | 1904 | 1926 |
| Headquarters | Cedar Rapids, Iowa | Columbus, Ohio |
| Assets Under Management | $223 billion in premiums in force; $29.5 billion AUM | $140 billion |
| Years in IUL Business | 20+ years | 18+ years |
| Number of IUL Products | 2 | 4 |
| Typical Cap Rate Range | 9.50% - 14.00% | 6.00% - 25.00% |
| Participation Rates | 150% | 250% |
| 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 |