Transamerica Premier Life Insurance vs New York Life
Comprehensive side-by-side comparison of indexed universal life insurance companies
Transamerica Premier Life Insurance
Founded: 1906
Cedar Rapids, Iowa
Assets
$131 billion Aegon USA
IUL Experience
15+ years
Products
2
Avg Cap Rate
10.5%
Key Strengths
Transamerica subsidiary
Financial Foundation IUL II, Financial Choice IUL II
Issue ages 18-90
New York Life
Founded: 1845
New York, NY
Assets
$400 billion+ assets
IUL Experience
0+ years
Products
0
Avg Cap Rate
N/A
Key Strengths
Largest mutual company
Does NOT offer IUL
Offers UL and VUL, but no indexed UL
Detailed Feature Comparison
| Feature | Transamerica Premier Life Insurance | New York Life |
|---|---|---|
| Founded | 1906 | 1845 |
| Headquarters | Cedar Rapids, Iowa | New York, NY |
| Assets Under Management | $131 billion Aegon USA | $400 billion+ assets |
| Years in IUL Business | 15+ years | 0+ years |
| Number of IUL Products | 2 | 0 |
| Typical Cap Rate Range | 9% - 12% | N/A - N/A |
| Participation Rates | 125% | N/A |
| Minimum Premium | $3,600 annual | N/A |
| Issue Ages | 18-90 years | N/A |
| Underwriting Speed | 2-4 weeks | N/A |