Transamerica Life Insurance Company vs Prudential (Pruco 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
Prudential (Pruco Life Insurance Company)
Founded: 1875
Newark, New Jersey
Assets
$1.7 trillion AUM; $4 trillion gross life insurance in force worldwide
IUL Experience
15+ years
Products
4
Avg Cap Rate
8.75%
Key Strengths
Fortune Global 500 company
Over 145 years of history
#1 in variable life insurance market
BenefitAccess Rider for chronic/terminal illness
Over 50 million customers worldwide
Detailed Feature Comparison
| Feature | Transamerica Life Insurance Company | Prudential (Pruco Life Insurance Company) |
|---|---|---|
| Founded | 1904 | 1875 |
| Headquarters | Cedar Rapids, Iowa | Newark, New Jersey |
| Assets Under Management | $223 billion in premiums in force; $29.5 billion AUM | $1.7 trillion AUM; $4 trillion gross life insurance in force worldwide |
| Years in IUL Business | 20+ years | 15+ years |
| Number of IUL Products | 2 | 4 |
| Typical Cap Rate Range | 9.50% - 14.00% | 7.00% - 10.25% |
| Participation Rates | 150% | 110% |
| 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 |