Royal Neighbors of America vs Protective Life Insurance Company
Comprehensive side-by-side comparison of indexed universal life insurance companies
Royal Neighbors of America
Founded: 1895
Rock Island, Illinois
Assets
$1 billion
IUL Experience
0+ years
Products
0
Avg Cap Rate
N/A
Key Strengths
Does NOT offer IUL
Fraternal benefit society with term/whole/UL but no IUL found
Protective Life Insurance Company
Founded: 1907
Birmingham, Alabama
Assets
$120 billion
IUL Experience
15+ years
Products
2
Avg Cap Rate
9.5%
Key Strengths
Forbes: 'Best for Universal Life'
USA Today: Best carrier overall
Competitive internal policy costs
Term policies up to 40 years
Strong Japanese parent backing (Dai-ichi Life Holdings)
Detailed Feature Comparison
| Feature | Royal Neighbors of America | Protective Life Insurance Company |
|---|---|---|
| Founded | 1895 | 1907 |
| Headquarters | Rock Island, Illinois | Birmingham, Alabama |
| Assets Under Management | $1 billion | $120 billion |
| Years in IUL Business | 0+ years | 15+ years |
| Number of IUL Products | 0 | 2 |
| Typical Cap Rate Range | N/A - N/A | 8% - 11% |
| Participation Rates | N/A | 110% |
| Minimum Premium | N/A | $5,000 annual |
| Issue Ages | N/A | 0-85 years |
| Underwriting Speed | N/A | 2-4 weeks standard |