State Farm vs Allianz Life Insurance Company of North America
Comprehensive side-by-side comparison of indexed universal life insurance companies
State Farm
Founded: 1922
Bloomington, Illinois
Assets
$200 billion+
IUL Experience
0+ years
Products
0
Avg Cap Rate
N/A
Key Strengths
Does NOT offer IUL
Offers universal life with 3% minimum interest
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 | State Farm | Allianz Life Insurance Company of North America |
|---|---|---|
| Founded | 1922 | 1896 |
| Headquarters | Bloomington, Illinois | Minneapolis, Minnesota |
| Assets Under Management | $200 billion+ | $125 billion |
| Years in IUL Business | 0+ years | 28+ years |
| Number of IUL Products | 0 | 2 |
| Typical Cap Rate Range | N/A - N/A | 8% - 10% |
| Participation Rates | N/A | 110% |
| Minimum Premium | N/A | $5,000 annual |
| Issue Ages | N/A | 25-65 for accelerated underwriting (up to $3M without medical exam) |
| Underwriting Speed | N/A | 2-3 weeks standard, accelerated available |