Nationwide Life Insurance Company vs Foresters Financial
Comprehensive side-by-side comparison of indexed universal life insurance companies
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%
Foresters Financial
Founded: 1874
Buffalo, NY (U.S.); Ontario, Canada
Assets
$2.6+ billion AUM; RBC Ratio: 451%
IUL Experience
10+ years
Products
2
Avg Cap Rate
8.5%
Key Strengths
150+ year history
Fraternal benefit society - member benefits include scholarships, grants, wellness programs
$31.2 million in social good impact (2023)
Diabetes coverage (non-med up to Table 12)
Backed by Sumitomo Life - $330B+ combined assets
Detailed Feature Comparison
| Feature | Nationwide Life Insurance Company | Foresters Financial |
|---|---|---|
| Founded | 1929 | 1874 |
| Headquarters | Columbus, Ohio | Buffalo, NY (U.S.); Ontario, Canada |
| Assets Under Management | $140 billion | $2.6+ billion AUM; RBC Ratio: 451% |
| Years in IUL Business | 15+ years | 10+ years |
| Number of IUL Products | 2 | 2 |
| Typical Cap Rate Range | 9.5% - 25% | 7% - 10% |
| Participation Rates | 200% | 110% |
| Minimum Premium | $5,000 annual | $3,600 annual |
| Issue Ages | 0-85 years | 0-85 years |
| Underwriting Speed | 2-4 weeks | 3-4 weeks standard |