Pacific Life & Annuity Company vs American General Life Insurance (Corebridge Financial)
Comprehensive side-by-side comparison of indexed universal life insurance companies
Pacific Life & Annuity Company
Founded: 1983
Phoenix, Arizona
Assets
$69 billion assets
IUL Experience
10+ years
Products
2
Avg Cap Rate
9.5%
Key Strengths
Pacific Life subsidiary
Pacific Horizon IUL 2 (2024)
Pacific Indexed Accumulator
Cap rates up to 10.5%
American General Life Insurance (Corebridge Financial)
Founded: 1926
Houston, Texas
Assets
$393 billion (Corebridge consolidated)
IUL Experience
15+ years
Products
3
Avg Cap Rate
9.5%
Key Strengths
4.4 million policyholders, $393B assets
18 duration options (most flexible in industry)
AU+ accelerated underwriting (60%+ qualify, some approved in 24 hours)
Strong high-risk underwriting history
Multiple index crediting with safeguards
Detailed Feature Comparison
| Feature | Pacific Life & Annuity Company | American General Life Insurance (Corebridge Financial) |
|---|---|---|
| Founded | 1983 | 1926 |
| Headquarters | Phoenix, Arizona | Houston, Texas |
| Assets Under Management | $69 billion assets | $393 billion (Corebridge consolidated) |
| Years in IUL Business | 10+ years | 15+ years |
| Number of IUL Products | 2 | 3 |
| Typical Cap Rate Range | 8% - 10.5% | 8% - 11% |
| Participation Rates | 115% | 115% |
| Minimum Premium | $5,000 annual | $5,000 annual |
| Issue Ages | 0-85 years | 0-85 years |
| Underwriting Speed | 2-4 weeks | 24 hours to 4 weeks (60%+ qualify for accelerated) |