New York Life vs Ohio National Financial Services
Comprehensive side-by-side comparison of indexed universal life insurance companies
New York Life
Founded: 1845
New York, NY
Assets
$400 billion+ assets
IUL Experience
0+ years
Products
0
Avg Cap Rate
N/A
Key Strengths
Largest mutual company
Does NOT offer IUL
Offers UL and VUL, but no indexed UL
Ohio National Financial Services
Founded: 1909
Cincinnati, Ohio
Assets
$40.8 billion
IUL Experience
10+ years
Products
2
Avg Cap Rate
9%
Key Strengths
115+ year history
Mutual company structure
Comdex 74
Strong cash accumulation in Virtus IUL II
Note: Rating downgrades 2019-2020; exited annuity market
Detailed Feature Comparison
| Feature | New York Life | Ohio National Financial Services |
|---|---|---|
| Founded | 1845 | 1909 |
| Headquarters | New York, NY | Cincinnati, Ohio |
| Assets Under Management | $400 billion+ assets | $40.8 billion |
| Years in IUL Business | 0+ years | 10+ years |
| Number of IUL Products | 0 | 2 |
| Typical Cap Rate Range | N/A - N/A | 8% - 10% |
| Participation Rates | N/A | 110% |
| Minimum Premium | N/A | $5,000 annual |
| Issue Ages | N/A | 0-85 years |
| Underwriting Speed | N/A | 3-4 weeks standard |