Pacific Life & Annuity Company vs Allianz Life Insurance Company of North America
Comprehensive side-by-side comparison of indexed universal life insurance companies
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%
Allianz Life Insurance Company of North America
Founded: 1896
Minneapolis, Minnesota
Assets
$125 billion
IUL Experience
28+ years
Products
2
Avg Cap Rate
9%
Key Strengths
Exclusive Index Rate Lock feature (unique to Allianz)
40% multiplier bonus available
5% guaranteed index loan rate
Multiple uncapped index crediting options
Free chronic and terminal illness benefits
Detailed Feature Comparison
| Feature | Pacific Life & Annuity Company | Allianz Life Insurance Company of North America |
|---|---|---|
| Founded | 1983 | 1896 |
| Headquarters | Phoenix, Arizona | Minneapolis, Minnesota |
| Assets Under Management | $69 billion assets | $125 billion |
| Years in IUL Business | 10+ years | 28+ years |
| Number of IUL Products | 2 | 2 |
| Typical Cap Rate Range | 8% - 10.5% | 8% - 10% |
| Participation Rates | 115% | 110% |
| Minimum Premium | $5,000 annual | $5,000 annual |
| Issue Ages | 0-85 years | 25-65 for accelerated underwriting (up to $3M without medical exam) |
| Underwriting Speed | 2-4 weeks | 2-3 weeks standard, accelerated available |