Transamerica Premier Life Insurance vs Protective Life Insurance Company
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
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 | Transamerica Premier Life Insurance | Protective Life Insurance Company |
|---|---|---|
| Founded | 1906 | 1907 |
| Headquarters | Cedar Rapids, Iowa | Birmingham, Alabama |
| Assets Under Management | $131 billion Aegon USA | $120 billion |
| Years in IUL Business | 15+ years | 15+ years |
| Number of IUL Products | 2 | 2 |
| Typical Cap Rate Range | 9% - 12% | 8% - 11% |
| Participation Rates | 125% | 110% |
| Minimum Premium | $3,600 annual | $5,000 annual |
| Issue Ages | 18-90 years | 0-85 years |
| Underwriting Speed | 2-4 weeks | 2-4 weeks standard |