Voya Financial vs Transamerica Premier Life Insurance
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
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
Detailed Feature Comparison
| Feature | Voya Financial | Transamerica Premier Life Insurance |
|---|---|---|
| Founded | 1991 | 1906 |
| Headquarters | New York, NY | Cedar Rapids, Iowa |
| Assets Under Management | $458 billion+ AUM | $131 billion Aegon USA |
| Years in IUL Business | 5+ years | 15+ years |
| Number of IUL Products | 5 | 2 |
| Typical Cap Rate Range | 8% - 10% | 9% - 12% |
| Participation Rates | 110% | 125% |
| Minimum Premium | $5,000 annual | $3,600 annual |
| Issue Ages | 0-85 years | 18-90 years |
| Underwriting Speed | Orange Pass: 5 business days | 2-4 weeks |