Transamerica Life Insurance Company vs Symetra 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
Symetra Life Insurance Company
Founded: 1957
Bellevue, Washington
Assets
$58+ billion
IUL Experience
10+ years
Products
3
Avg Cap Rate
9.5%
Key Strengths
May 2023: higher caps, participation rates, bonuses; lower premiums
Fastest approvals: 18-25 minutes
Cancer Care Compass Rider (multi-cancer detection)
2% lookback guarantee (Accumulator)
GoodLife rewards for healthy lifestyle
Detailed Feature Comparison
| Feature | Transamerica Life Insurance Company | Symetra Life Insurance Company |
|---|---|---|
| Founded | 1904 | 1957 |
| Headquarters | Cedar Rapids, Iowa | Bellevue, Washington |
| Assets Under Management | $223 billion in premiums in force; $29.5 billion AUM | $58+ billion |
| Years in IUL Business | 20+ years | 10+ years |
| Number of IUL Products | 2 | 3 |
| Typical Cap Rate Range | 9.50% - 14.00% | 8% - 11% |
| Participation Rates | 150% | 140% |
| Minimum Premium | $3,600 annual | $3,600 annual |
| Issue Ages | 0-85 years | 20-85 (Accumulator/Protector); 20-60 (SwiftProtector) |
| Underwriting Speed | 2-4 weeks standard | SwiftProtector 18-25 minutes; SwiftTerm 18 minutes |