Guardian Life vs Voya Financial
Comprehensive side-by-side comparison of indexed universal life insurance companies
Guardian Life
Founded: 1860
New York, NY
Assets
$1.6 billion dividend allocation 2025
IUL Experience
5+ years
Products
2
Avg Cap Rate
9%
Key Strengths
Offers IUL products with index participation features
Strong financial ratings
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
Detailed Feature Comparison
| Feature | Guardian Life | Voya Financial |
|---|---|---|
| Founded | 1860 | 1991 |
| Headquarters | New York, NY | New York, NY |
| Assets Under Management | $1.6 billion dividend allocation 2025 | $458 billion+ AUM |
| Years in IUL Business | 5+ years | 5+ years |
| Number of IUL Products | 2 | 5 |
| Typical Cap Rate Range | 8% - 10% | 8% - 10% |
| Participation Rates | 115% | 110% |
| Minimum Premium | $5,000 annual | $5,000 annual |
| Issue Ages | 0-85 years | 0-85 years |
| Underwriting Speed | 3-4 weeks | Orange Pass: 5 business days |