New York Life vs Pacific Life & Annuity Company
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
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 | New York Life | Pacific Life & Annuity Company |
|---|---|---|
| Founded | 1845 | 1983 |
| Headquarters | New York, NY | Phoenix, Arizona |
| Assets Under Management | $400 billion+ assets | $69 billion assets |
| Years in IUL Business | 0+ years | 10+ years |
| Number of IUL Products | 0 | 2 |
| Typical Cap Rate Range | N/A - N/A | 8% - 10.5% |
| Participation Rates | N/A | 115% |
| Minimum Premium | N/A | $5,000 annual |
| Issue Ages | N/A | 0-85 years |
| Underwriting Speed | N/A | 2-4 weeks |