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2020 Reviews of the Best Indexed Universal Life Insurance Companies

Our best indexed universal life company reviews page was last updated 4/01/2020.

[Update] Our best indexed universal life reviews of 2020 has shifted from 2 factors forcing change upon best performing IUL products.

Why?

  • On January 1, 2020, all life insurance companies lowered their IUL fees due to the mandatory adoption of the most recent mortality tables
  • Plummeting interest rates and ongoing market index volatility has caused the best performing IUL list to change since even the top IUL carriers must continue lowering cap rates and participation rates.

For this reason, we strongly recommend heavily stress-testing the best indexed universal life companies to see how they perform with below-average index crediting rates, and possibly even check out 2020’s best whole life insurance product.

Declining interest rates can dramatically change which indexed universal life companies put out the best performing IUL products

(note: These indexed universal life insurance company reviews will continue fluctuating with ongoing volatility. Keep checking back and note the date at the top.)

Learn how we choose our top IUL carriers and the criteria we look for in the best performing IUL products by clicking here to skip down.

At the bottom of the page, you can request a call with us to compare quotes from the best indexed universal life companies by having us run your particular age, health, and financial parameters through our IUL calculator to see which will be the best performing IUL for you when stress-tested to simulate lower interest rate environments.

Without further ado below are the top IUL carriers of 2020 given the current environment:

Our Indexed Universal Life Insurance Reviews and the Top IUL Carriers of 2020:

Minnesota Life (aka Securian)

As a top IUL carrier of 2020, Minnesota Life has one of the best performing IUL products.

Click to see the summary and highlights of Minnesota Life as a Top IUL Company of 2020

 

Columbus Life

Columbus Life is on in our best indexed universal life reviews as one of top IUL carriers of 2020.

Click to see the summary and highlights of Columbus Life as a Top IUL Carrier of 2020

 

Penn Mutual

Penn Mutual is one our indexed universal life reviews list because it has one of the most conservative of the best performing IUL policies.

Click to see the summary and highlights of Penn Mutual as a Top IUL Carrier of 2020

 

Pacific Life

Pacific Life is one of the top IUL carriers of 2020 with one of the best performing IUL products using multipliers.

Click to see the summary and highlights of Pacific Life as a Top IUL Company of 2020

 

Ameritas

Ameritas is one of the best indexed universal life companies when using IUL for retirement.

Click to see the summary and highlights of Ameritas as a Top IUL Carrier of 2020

 

Allianz

Allianz is on our best indexed universal life reviews list because they have one of the best performing IUL policies.

Click to see the summary and highlights of Allianz as a Top IUL Carrier of 2020

 


Here are the different criteria we look for from the top IUL companies to be on our indexed universal life reviews list. These criteria are ranked below in order of importance to us.

The top IUL carriers of 2020 that offer the best performing indexed universal life policies are some of the strongest and financially solvent companies.

That said, we sometimes will look outside this small subset of companies if a client has extenuating health circumstances, and other companies (not on our indexed universal life reviews list) will be more forgiving with a particular underwriting issue than our favorites will.

Below are the specific criteria we filtered the best performing IUL products through to be on our indexed universal life reviews list. If you would like a more top-level understanding of indexed universal life pros and cons you can visit our extensive article here.

Otherwise, here are the main criteria we used in selecting the top IUL carriers of 2020 (you can click to expand each one below for more info):

The insurance companies listed on our indexed universal life reviews are highly-rated relative to their peers, and do they maintain a healthy balance sheet surplus.

Click here to expand the explanation of why insurance company ratings a crucial factor with indexed universal life reviews:

The best indexed universal life insurance companies have maintained competitive IUL cap rates and participation rates as interest rates have declined.

Click here to understand how the top indexed universal life companies handle declining caps the best performing IUL policies:

The best performing IUL products offer diverse growth opportunities, and are there uncapped crediting strategies for maximum arbitrage.

Click here to understand why diverse crediting strategies (especially uncapped options) are an essential component of the best performing IUL policies:

The companies included in our indexed universal life reviews have a participating loan rate that is locked or at least has a cap against future rate increases.

Click here to expand why a locked (or capped) participating loan rate is a necessary feature to be included on our best indexed universal life company reviews:

The best performing IUL policies often offer special riders or policy provisions that make this IUL company particularly desirable.

Click here to learn about what kind riders we look for from the best indexed universal life companies:

Many of the best indexed universal life companies have hybrid life insurance provisions for chronically illness or even less severe critical illnesses.

Click here to learn about some notable chronic illness riders or provisions seen in the top IUL carriers featured in our indexed universal life reviews:

Most insurance companies on our best indexed universal life reviews list are a mutual insurance company while one is a stock insurance company.

Click here to understand the difference between a mutual vs. a stock insurance company:

Now What?

To find the best performing IUL policy for you, we input your own specific parameters into an IUL calculator comparing the best indexed universal life companies of 2020.

Click here to see an example of how we at Banking Truths analyze and stress-test policies for our clients (less than a 3-minute video). On this same page you can also schedule your own custom consultation with one of our independent agents so they can help you vet the top carriers of 2020 to find the best performing IUL policy for your particular situation.

You can also check out all our other articles and videos on Indexed Universal life here.

The Banking Truths team helps people buy the best performing IUL policies from the top IUL companies of 2020

Happy Banking,

John “Hutch” Hutchinson
ChFC®CLU®EAAEP®CExP®
Founder of BankingTruths.com


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