Voya Financial vs John Hancock Life Insurance Company (U.S.A.)
Comprehensive side-by-side comparison of indexed universal life insurance companies
Voya Financial
Founded: 1991
New York, NY
Assets
$458 billion+ AUM
IUL Experience
5+ years
Products
5
Avg Cap Rate
9%
Key Strengths
Offers 5 IUL products
NOTE: Individual sales discontinued 2019-2020; primarily group/workplace only
Orange Pass accelerated underwriting
John Hancock Life Insurance Company (U.S.A.)
Founded: 1862
Boston, Massachusetts
Assets
Part of Manulife with CA$1.4 trillion AUM
IUL Experience
15+ years
Products
4
Avg Cap Rate
8.00%
Key Strengths
160+ years in business
Comdex rating of 93 (among highest)
John Hancock Vitality Program (wellness-based rewards unique to industry)
Survivorship UL gold standard for estate planning
Strong with high-risk medical conditions
Detailed Feature Comparison
| Feature | Voya Financial | John Hancock Life Insurance Company (U.S.A.) |
|---|---|---|
| Founded | 1991 | 1862 |
| Headquarters | New York, NY | Boston, Massachusetts |
| Assets Under Management | $458 billion+ AUM | Part of Manulife with CA$1.4 trillion AUM |
| Years in IUL Business | 5+ years | 15+ years |
| Number of IUL Products | 5 | 4 |
| Typical Cap Rate Range | 8% - 10% | 7.50% - 9.00% |
| Participation Rates | 110% | 110% |
| Minimum Premium | $5,000 annual | $5,000 annual |
| Issue Ages | 0-85 years | 20-70 (Accumulation IUL with Vitality) |
| Underwriting Speed | Orange Pass: 5 business days | 3-4 weeks standard |