Thrivent Financial vs North American Company for Life and Health Insurance
Comprehensive side-by-side comparison of indexed universal life insurance companies
Thrivent Financial
Founded: 1902
Minneapolis, Minnesota
Assets
$194 billion AUM
IUL Experience
0+ years
Products
0
Avg Cap Rate
N/A
Key Strengths
Does not prominently offer IUL
Focuses on term/whole life; fraternal benefit society
North American Company for Life and Health Insurance
Founded: 1886
West Des Moines, Iowa (new HQ 2021); Sioux Falls, SD (also listed)
Assets
$35 billion
IUL Experience
20+ years
Products
4
Avg Cap Rate
11%
Key Strengths
Superior crediting performance (#1 in distribution testing)
Fixed Interest Participating Policy Loans with 2.0% bonus
Protected Death Benefit - unique guaranteed portion feature
Free acceleration of death benefits for critical/chronic/terminal illness
Over 600,000 policies and annuities
Detailed Feature Comparison
| Feature | Thrivent Financial | North American Company for Life and Health Insurance |
|---|---|---|
| Founded | 1902 | 1886 |
| Headquarters | Minneapolis, Minnesota | West Des Moines, Iowa (new HQ 2021); Sioux Falls, SD (also listed) |
| Assets Under Management | $194 billion AUM | $35 billion |
| Years in IUL Business | 0+ years | 20+ years |
| Number of IUL Products | 0 | 4 |
| Typical Cap Rate Range | N/A - N/A | 10% - 11% |
| Participation Rates | N/A | 100% |
| Minimum Premium | N/A | $5,000 annual |
| Issue Ages | N/A | 0-85 years |
| Underwriting Speed | N/A | 2-4 weeks standard |