Minnesota Life Insurance (Securian) vs John Hancock Life Insurance Company (U.S.A.)
Comprehensive side-by-side comparison of indexed universal life insurance companies
Minnesota Life Insurance (Securian)
Founded: 1880
St. Paul, Minnesota
Assets
$5.5 billion+ assets
IUL Experience
10+ years
Products
3
Avg Cap Rate
9%
Key Strengths
Same as Securian (#15)
Eclipse Accumulator II IUL, Eclipse Protector II, Orion IUL
145 years operating
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 | Minnesota Life Insurance (Securian) | John Hancock Life Insurance Company (U.S.A.) |
|---|---|---|
| Founded | 1880 | 1862 |
| Headquarters | St. Paul, Minnesota | Boston, Massachusetts |
| Assets Under Management | $5.5 billion+ assets | 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 | 120% | 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 | 3-4 weeks standard |