Pacific Life & Annuity Company vs John Hancock Life Insurance Company (U.S.A.)
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%
John Hancock Life Insurance Company (U.S.A.)
Founded: 1862
Boston, Massachusetts
Assets
Part of Manulife with CA$1.4 trillion AUM
IUL Experience
15+ years
Products
4
Avg Cap Rate
8.00%
Key Strengths
160+ years in business
Comdex rating of 93 (among highest)
John Hancock Vitality Program (wellness-based rewards unique to industry)
Survivorship UL gold standard for estate planning
Strong with high-risk medical conditions
Detailed Feature Comparison
| Feature | Pacific Life & Annuity Company | John Hancock Life Insurance Company (U.S.A.) |
|---|---|---|
| Founded | 1983 | 1862 |
| Headquarters | Phoenix, Arizona | Boston, Massachusetts |
| Assets Under Management | $69 billion assets | Part of Manulife with CA$1.4 trillion AUM |
| Years in IUL Business | 10+ years | 15+ years |
| Number of IUL Products | 2 | 4 |
| Typical Cap Rate Range | 8% - 10.5% | 7.50% - 9.00% |
| Participation Rates | 115% | 110% |
| Minimum Premium | $5,000 annual | $5,000 annual |
| Issue Ages | 0-85 years | 20-70 (Accumulation IUL with Vitality) |
| Underwriting Speed | 2-4 weeks | 3-4 weeks standard |