Securian Financial (Minnesota Life) vs Pacific Life & Annuity Company
Comprehensive side-by-side comparison of indexed universal life insurance companies
Securian Financial (Minnesota Life)
Founded: 1880
St. Paul, Minnesota
Assets
$5.5 billion+
IUL Experience
10+ years
Products
4
Avg Cap Rate
9%
Key Strengths
140+ year history
Eclipse Accumulator II with new Hindsight Account (60/40/0 split)
Low charges and transparency
Nearly $2B annuity sales (2023)
IPA Flex rider for customization
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 | Securian Financial (Minnesota Life) | Pacific Life & Annuity Company |
|---|---|---|
| Founded | 1880 | 1983 |
| Headquarters | St. Paul, Minnesota | Phoenix, Arizona |
| Assets Under Management | $5.5 billion+ | $69 billion assets |
| Years in IUL Business | 10+ years | 10+ years |
| Number of IUL Products | 4 | 2 |
| Typical Cap Rate Range | 8% - 10% | 8% - 10.5% |
| Participation Rates | 120% | 115% |
| Minimum Premium | $5,000 annual | $5,000 annual |
| Issue Ages | 0-85 years | 0-85 years |
| Underwriting Speed | 2-4 weeks standard | 2-4 weeks |