Pacific Life & Annuity Company vs SBLI (Savings Bank Life Insurance)
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%
SBLI (Savings Bank Life Insurance)
Founded: 1907
Woburn, Massachusetts
Assets
$4 billion+ assets
IUL Experience
0+ years
Products
0
Avg Cap Rate
N/A
Key Strengths
Does NOT offer IUL
Mutual company
Focuses on term and whole life
Detailed Feature Comparison
| Feature | Pacific Life & Annuity Company | SBLI (Savings Bank Life Insurance) |
|---|---|---|
| Founded | 1983 | 1907 |
| Headquarters | Phoenix, Arizona | Woburn, Massachusetts |
| Assets Under Management | $69 billion assets | $4 billion+ assets |
| Years in IUL Business | 10+ years | 0+ years |
| Number of IUL Products | 2 | 0 |
| Typical Cap Rate Range | 8% - 10.5% | N/A - N/A |
| Participation Rates | 115% | N/A |
| Minimum Premium | $5,000 annual | N/A |
| Issue Ages | 0-85 years | N/A |
| Underwriting Speed | 2-4 weeks | N/A |