Voya Financial vs Nationwide Life Insurance Company
Comprehensive side-by-side comparison of indexed universal life insurance companies
Voya Financial
Founded: 1991
New York, NY
Assets
$458 billion+ AUM
IUL Experience
5+ years
Products
5
Avg Cap Rate
9%
Key Strengths
Offers 5 IUL products
NOTE: Individual sales discontinued 2019-2020; primarily group/workplace only
Orange Pass accelerated underwriting
Nationwide Life Insurance Company
Founded: 1929
Columbus, Ohio
Assets
$140 billion
IUL Experience
15+ years
Products
2
Avg Cap Rate
12%
Key Strengths
Nationwide subsidiary
IUL Accumulator II 2020, IUL Protector II 2020
Cap rates 9.5-25%
Participation rates up to 315%
Detailed Feature Comparison
| Feature | Voya Financial | Nationwide Life Insurance Company |
|---|---|---|
| Founded | 1991 | 1929 |
| Headquarters | New York, NY | Columbus, Ohio |
| Assets Under Management | $458 billion+ AUM | $140 billion |
| Years in IUL Business | 5+ years | 15+ years |
| Number of IUL Products | 5 | 2 |
| Typical Cap Rate Range | 8% - 10% | 9.5% - 25% |
| Participation Rates | 110% | 200% |
| Minimum Premium | $5,000 annual | $5,000 annual |
| Issue Ages | 0-85 years | 0-85 years |
| Underwriting Speed | Orange Pass: 5 business days | 2-4 weeks |