Voya Financial vs Pacific Life & Annuity 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
Pacific Life & Annuity Company
Founded: 1983
Phoenix, Arizona
Assets
$69 billion assets
IUL Experience
10+ years
Products
2
Avg Cap Rate
9.5%
Key Strengths
Pacific Life subsidiary
Pacific Horizon IUL 2 (2024)
Pacific Indexed Accumulator
Cap rates up to 10.5%
Detailed Feature Comparison
| Feature | Voya Financial | Pacific Life & Annuity Company |
|---|---|---|
| Founded | 1991 | 1983 |
| Headquarters | New York, NY | Phoenix, Arizona |
| Assets Under Management | $458 billion+ AUM | $69 billion assets |
| Years in IUL Business | 5+ years | 10+ years |
| Number of IUL Products | 5 | 2 |
| Typical Cap Rate Range | 8% - 10% | 8% - 10.5% |
| Participation Rates | 110% | 115% |
| 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 |