F&G (Fidelity & Guaranty Life) vs Pacific Life & Annuity Company
Comprehensive side-by-side comparison of indexed universal life insurance companies
F&G (Fidelity & Guaranty Life)
Founded: 1959
Des Moines, Iowa
Assets
$40 billion
IUL Experience
10+ years
Products
2
Avg Cap Rate
9.5%
Key Strengths
LIMRA Q2 2024: Top IUL provider ranking
Competitive historical performance
Quick policy delivery
Juvenile IUL specialty (15 days to 17 years)
Living benefits: accelerated death benefits
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%
Detailed Feature Comparison
| Feature | F&G (Fidelity & Guaranty Life) | Pacific Life & Annuity Company |
|---|---|---|
| Founded | 1959 | 1983 |
| Headquarters | Des Moines, Iowa | Phoenix, Arizona |
| Assets Under Management | $40 billion | $69 billion assets |
| Years in IUL Business | 10+ years | 10+ years |
| Number of IUL Products | 2 | 2 |
| Typical Cap Rate Range | 8% - 11% | 8% - 10.5% |
| Participation Rates | 115% | 115% |
| Minimum Premium | $3,600 annual | $5,000 annual |
| Issue Ages | 15 days to 85 years | 0-85 years |
| Underwriting Speed | Some immediate delivery or within 24 hours | 2-4 weeks |