A former insurance producer, Laura understands that education is key when it comes to buying insurance. She has happily dedicated many hours to helping her clients understand how the insurance marketplace works so they can find the best car, home, and life insurance products for their needs.

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Dan Walker graduated with a BS in Administrative Management in 2005 and has been working in his family’s insurance agency, FCI Agency, for 15 years. He is licensed as an agent to write property and casualty insurance, including home, auto, umbrella, and dwelling fire insurance. He’s also been featured on sites like Reviews.com.

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Reviewed by Daniel Walker
Licensed Car Insurance Agent Daniel Walker

UPDATED: Nov 23, 2021

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Don't Miss These Facts

  • There are a lot of life insurance companies that sell indexed universal life insurance policies
  • To find the best IUL policies 2021, you’ll want to review Comdex scores, A.M. Best ratings, and BBB ratings
  • Indexed universal life insurance policies use different index frequencies and participation rates that impact cash value growth

There are many life insurance types available, but only some build cash value. And if you’re looking to build cash value, you may want to look into life insurance companies that sell indexed universal life insurance.

Things can get overwhelming with so many life insurance options to choose from. However, we’ll break down everything you need to know about indexed universal life insurance throughout this article.

Continue scrolling to learn more about life insurance companies that sell indexed universal life insurance, or enter your ZIP code to get free quotes from life insurance companies near you.

Who are the best indexed universal life insurance companies?

The best universal life insurance companies tend to differ from the best companies for term life. While both policies serve a similar purpose, they have a lot of differences.

Keep in mind that there are different types of universal life insurance, including:

  • Universal life insurance
  • Variable universal life insurance
  • Indexed universal life insurance

The major difference is in how the life insurance company handles your cash value and interest. With indexed universal life insurance, your interest account balance reaches a new floor annually.

This means that, despite market conditions, your account balance won’t be able to go below the previous year’s close. In the event that there’s a major economic collapse, this can be a major bonus.

The companies that offer indexed universal life insurance include:

  • North American
  • Transamerica
  • Penn Mutual
  • Minnesota Life
  • Symetra
  • American National
  • AIG
  • John Hancock
  • Lincoln National
  • Pacific Life
  • AXA Equitable
  • Prudential
  • National Life Group

Although the best IUL policies in 2021 might differ in 2022, there are some companies that are more reliable than others long-term. As a result, you should compare the best universal life insurance companies to help maximize your cash value while protecting your beneficiaries.

How do you know which companies offer the best indexed universal life?

It’s clear that most people want to use IUL as an investment. That said, it can be challenging to determine which company is best for indexed universal life insurance.

Indexed Universal Life Insurance Company Ratings

CompanyComdex RankingA.M. Best RatingBBB Rating
North American88A+A+
Penn Mutual92A+A-
Minnesota Life95A+NR
American National78A+NR
John Hancock93A+A+
Lincoln National90A+A-
Pacific Life90A+C-
AXA Equitable80AA+
National Life Group80A+A+
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Above, you’ll find ratings for the top life insurance companies that sell indexed universal life insurance. Based on these results, we would rank the best IUL companies in the following order:

  1. John Hancock
  2. Minnesota Life
  3. Prudential
  4. Penn Mutual
  5. Lincoln Financial

Our rankings are based on the trio of ratings above. Although Minnesota Life and Prudential have a higher Comdex rating than John Hancock, neither are rated by the Better Business Bureau.

In addition, J.D. Power ranks John Hancock substantially higher than Prudential in their 2021 life insurance study. In this study, Prudential is actually rated below the industry average for customer satisfaction.

How much does indexed universal life insurance cost?

One of the problems with indexed universal life insurance is that it is difficult to predict how much you’ll pay. Indexed universal life insurance quotes can vary greatly due to many factors.

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There are traditional life insurance underwriting factors like your age, gender, health status, occupation, and so on. However, indexed universal life insurance rates depend on other factors too.

The indexed universal life insurance mechanics play a big factor in the pricing. Each company will have unique indexes that may reset on a monthly or annual basis.

You’ll also want to know what the participation rate is from your insurer before you buy IUL insurance. An indexed universal life insurance calculator might help get a better idea of expenses or returns.

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Comparing Life Insurance Companies That Sell Indexed Universal Life Insurance

Finding the best indexed universal life insurance company depends on index frequency, participation rates, policy features, and company ratings. You’ll want to compare rates before you commit to an IUL policy.

By now, you should have a better idea of how to navigate life insurance companies that sell indexed universal life insurance.

Before you go, enter your ZIP code to get free quotes from top insurance companies near you.