Nationwide Life Insurance Company vs Protective Life Insurance 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%
Protective Life Insurance Company
Founded: 1907
Birmingham, Alabama
Assets
$120 billion
IUL Experience
15+ years
Products
2
Avg Cap Rate
9.5%
Key Strengths
Forbes: 'Best for Universal Life'
USA Today: Best carrier overall
Competitive internal policy costs
Term policies up to 40 years
Strong Japanese parent backing (Dai-ichi Life Holdings)
Detailed Feature Comparison
| Feature | Nationwide Life Insurance Company | Protective Life Insurance Company |
|---|---|---|
| Founded | 1929 | 1907 |
| Headquarters | Columbus, Ohio | Birmingham, Alabama |
| Assets Under Management | $140 billion | $120 billion |
| Years in IUL Business | 15+ years | 15+ years |
| Number of IUL Products | 2 | 2 |
| Typical Cap Rate Range | 9.5% - 25% | 8% - 11% |
| Participation Rates | 200% | 110% |
| Minimum Premium | $5,000 annual | $5,000 annual |
| Issue Ages | 0-85 years | 0-85 years |
| Underwriting Speed | 2-4 weeks | 2-4 weeks standard |