Ameritas Life vs Symetra Life Insurance Company
Comprehensive side-by-side comparison of indexed universal life insurance companies
Ameritas Life
Founded: 1887
Lincoln, Nebraska
Assets
$20 billion
IUL Experience
3+ years
Products
4
Avg Cap Rate
9.5%
Key Strengths
Offers 4+ IUL products
Growth IUL, FLX IUL, Ethos IUL (partnership)
Instant underwriting (launched Sept 2023 with Ethos)
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 | Ameritas Life | Symetra Life Insurance Company |
|---|---|---|
| Founded | 1887 | 1957 |
| Headquarters | Lincoln, Nebraska | Bellevue, Washington |
| Assets Under Management | $20 billion | $58+ billion |
| Years in IUL Business | 3+ years | 10+ years |
| Number of IUL Products | 4 | 3 |
| Typical Cap Rate Range | 8% - 11% | 8% - 11% |
| Participation Rates | 115% | 140% |
| Minimum Premium | $3,600 annual | $3,600 annual |
| Issue Ages | 0-85 years | 20-85 (Accumulator/Protector); 20-60 (SwiftProtector) |
| Underwriting Speed | Instant to 3 weeks | SwiftProtector 18-25 minutes; SwiftTerm 18 minutes |