Transamerica Life Insurance Company vs Allianz Life Insurance Company of North America
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
Allianz Life Insurance Company of North America
Founded: 1896
Minneapolis, Minnesota
Assets
$125 billion
IUL Experience
28+ years
Products
2
Avg Cap Rate
9%
Key Strengths
Exclusive Index Rate Lock feature (unique to Allianz)
40% multiplier bonus available
5% guaranteed index loan rate
Multiple uncapped index crediting options
Free chronic and terminal illness benefits
Detailed Feature Comparison
| Feature | Transamerica Life Insurance Company | Allianz Life Insurance Company of North America |
|---|---|---|
| Founded | 1904 | 1896 |
| Headquarters | Cedar Rapids, Iowa | Minneapolis, Minnesota |
| Assets Under Management | $223 billion in premiums in force; $29.5 billion AUM | $125 billion |
| Years in IUL Business | 20+ years | 28+ years |
| Number of IUL Products | 2 | 2 |
| Typical Cap Rate Range | 9.50% - 14.00% | 8% - 10% |
| Participation Rates | 150% | 110% |
| Minimum Premium | $3,600 annual | $5,000 annual |
| Issue Ages | 0-85 years | 25-65 for accelerated underwriting (up to $3M without medical exam) |
| Underwriting Speed | 2-4 weeks standard | 2-3 weeks standard, accelerated available |