Nationwide Life Insurance Company vs Securian Financial (Minnesota Life)
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%
Securian Financial (Minnesota Life)
Founded: 1880
St. Paul, Minnesota
Assets
$5.5 billion+
IUL Experience
10+ years
Products
4
Avg Cap Rate
9%
Key Strengths
140+ year history
Eclipse Accumulator II with new Hindsight Account (60/40/0 split)
Low charges and transparency
Nearly $2B annuity sales (2023)
IPA Flex rider for customization
Detailed Feature Comparison
| Feature | Nationwide Life Insurance Company | Securian Financial (Minnesota Life) |
|---|---|---|
| Founded | 1929 | 1880 |
| Headquarters | Columbus, Ohio | St. Paul, Minnesota |
| Assets Under Management | $140 billion | $5.5 billion+ |
| Years in IUL Business | 15+ years | 10+ years |
| Number of IUL Products | 2 | 4 |
| Typical Cap Rate Range | 9.5% - 25% | 8% - 10% |
| Participation Rates | 200% | 120% |
| 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 |