Columbus Life vs John Hancock Life Insurance Company (U.S.A.)
Comprehensive side-by-side comparison of indexed universal life insurance companies
Columbus Life
Founded: 1906
Cincinnati, Ohio
Assets
$45 billion group assets (Western & Southern)
IUL Experience
10+ years
Products
3
Avg Cap Rate
9%
Key Strengths
Offers 3+ IUL products
Indexed Explorer Plus, Indexed Explorer Now (rapid issue), Expedition SIUL (survivorship)
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 | Columbus Life | John Hancock Life Insurance Company (U.S.A.) |
|---|---|---|
| Founded | 1906 | 1862 |
| Headquarters | Cincinnati, Ohio | Boston, Massachusetts |
| Assets Under Management | $45 billion group assets (Western & Southern) | Part of Manulife with CA$1.4 trillion AUM |
| Years in IUL Business | 10+ years | 15+ years |
| Number of IUL Products | 3 | 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 | 2-4 weeks standard, rapid issue available | 3-4 weeks standard |