Nationwide Life Insurance Company vs Pacific Life & Annuity Company
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%
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 | Nationwide Life Insurance Company | Pacific Life & Annuity Company |
|---|---|---|
| Founded | 1929 | 1983 |
| Headquarters | Columbus, Ohio | Phoenix, Arizona |
| Assets Under Management | $140 billion | $69 billion assets |
| Years in IUL Business | 15+ years | 10+ years |
| Number of IUL Products | 2 | 2 |
| Typical Cap Rate Range | 9.5% - 25% | 8% - 10.5% |
| Participation Rates | 200% | 115% |
| Minimum Premium | $5,000 annual | $5,000 annual |
| Issue Ages | 0-85 years | 0-85 years |
| Underwriting Speed | 2-4 weeks | 2-4 weeks |