Minnesota Life Insurance (Securian) vs Nationwide Life Insurance Company
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
Nationwide Life Insurance Company
Founded: 1929
Columbus, Ohio
Assets
$140 billion
IUL Experience
15+ years
Products
2
Avg Cap Rate
12%
Key Strengths
Nationwide subsidiary
IUL Accumulator II 2020, IUL Protector II 2020
Cap rates 9.5-25%
Participation rates up to 315%
Detailed Feature Comparison
| Feature | Minnesota Life Insurance (Securian) | Nationwide Life Insurance Company |
|---|---|---|
| Founded | 1880 | 1929 |
| Headquarters | St. Paul, Minnesota | Columbus, Ohio |
| Assets Under Management | $5.5 billion+ assets | $140 billion |
| Years in IUL Business | 10+ years | 15+ years |
| Number of IUL Products | 3 | 2 |
| Typical Cap Rate Range | 8% - 10% | 9.5% - 25% |
| Participation Rates | 120% | 200% |
| Minimum Premium | $5,000 annual | $5,000 annual |
| Issue Ages | 0-85 years | 0-85 years |
| Underwriting Speed | 2-4 weeks | 2-4 weeks |