Jeffrey Manola is an experienced life insurance agent and the founder of Top Quote Life Insurance. His mission when he created Top Quote Life Insurance was to provide online consumers searching for life insurance with the absolute best quotes for term life insurance, permanent life insurance, no medical exam life insurance, and burial insurance. Not only does he strive to provide you with the ...

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Written by Jeffrey Manola
Founder & Licensed Agent Jeffrey Manola

Leslie Kasperowicz holds a BA in Social Sciences from the University of Winnipeg. She spent several years as a Farmers Insurance CSR, gaining a solid understanding of insurance products including home, life, auto, and commercial and working directly with insurance customers to understand their needs. She has since used that knowledge in her more than ten years as a writer, largely in the insur...

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Reviewed by Leslie Kasperowicz
Farmers CSR for 4 Years Leslie Kasperowicz

UPDATED: Jun 30, 2022

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Advertiser Disclosure: We strive to help you make confident life insurance decisions. Comparison shopping should be easy. We are not affiliated with any one life insurance provider and cannot guarantee quotes from any single provider.

Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different life insurance companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.

Editorial Guidelines: We are a free online resource for anyone interested in learning more about life insurance. Our goal is to be an objective, third-party resource for everything life insurance-related. We update our site regularly, and all content is reviewed by life insurance experts.

Facts You Should Know

  • Over a dozen national-level life insurance companies provide indexed universal life insurance policies
  • Indexed universal life insurance allows you to invest in a market index
  • You can buy indexed universal life insurance for as low as $145/mo

Are you running into life insurance companies that don’t sell indexed universal life insurance?

Don’t worry – we’re here to help. Our guide has everything you need to know about indexed universal life insurance and where you can buy the best policies.

Also, we’ll show you common problems with indexed universal life insurance and why our free comparison tool is much better than indexed universal life insurance calculators across the web.

After learning more about life insurance companies that sell indexed universal life insurance, use our free online quote tool above to compare multiple companies near you.

What are the best life insurance companies that provide indexed universal life insurance?

To secure the most reliable indexed universal life insurance policy, you’ll need to shop with the best life insurance companies.

Let’s look at the top life insurance companies that provide the best IUL policies in 2021.

  • Northwestern Mutual
  • State Farm
  • Mutual of Omaha
  • Prudential
  • AAA Life Insurance Company
  • North American / Midland National
  • TransAmerica
  • Minnesota Life
  • AXA Equitable
  • Lincoln National
  • Penn Mutual
  • American National Life
  • AIG
  • John Hancock
  • National Life Group
  • Pacific Life
  • Symetra

Each company has a Comdex rating over 75 and an A.M. Best rating that’s “A” or above.

However, some of the best companies may not be available in your area. Instead of using an indexed universal life insurance calculator, use our free comparison tool to compare multiple insurance companies near you.

Why don’t some life insurance companies sell indexed universal life insurance?

Some life insurance companies don’t want to deal with market index investment risks. So, smaller life insurance companies may not provide indexed universal life insurance coverage.

But double-check some of the regional or local companies. More prominent companies are known to have subsidiaries.

These small companies can connect you to parent insurance companies with more complex life insurance coverage.

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How much are indexed universal life insurance rates?

Indexed universal life insurance rates are more expensive than term life insurance quotes. However, the same factors that affect term life insurance impact IUL insurance.

Let’s examine the monthly IUL insurance rates based on three significant factors:

Monthly Indexed Universal Life (IUL) Insurance Rates based on Age, Gender, and a $250K Policy Amount
Policyholder's AgeMonthly IUL Rates for FemalesMonthly IUL Rates for Males
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Female policyholders pay less for IUL insurance regardless of age. However, expect your rates to increase more if you’re a smoker.

But both genders benefit from consistently growing cash values. In addition to an increasing cash account, IUL policies benefit from good market performance.

Also, look at the fees that come with IUL policies over time. Compare fees from multiple companies to get the best deal.

What does a money sweep mean in indexed universal life insurance policies?

Money sweeps are options you can use to invest in an IUL insurance policy. The choices are daily, monthly, quarterly, and yearly.

As an IUL policyholder, you can use the money you’ve paid and add it to an indexing account.

How does indexed universal life insurance work?

Indexed universal life (IUL) insurance is a permanent life insurance policy that grows based on the performance of a market index, such as the Nasdaq, Dow Jones, and S&P 500.

With an IUL, you won’t lose money when a market index goes down. IUL policies are built to protect your overall account value.

But there’s an earning limit. Those limits are determined by the company where you keep your policy.

What are the advantages and disadvantages of indexed universal life insurance?

IUL insurance has excellent benefits, but there are a few drawbacks. Here are some pros and cons of IUL insurance policies:


  • Options to pay lower IUL insurance rates and accumulate cash
  • Control how much money is invested in index market accounts
  • Maintain your death benefits (policy amount)
  • You’re not directly invested in the stock market
  • Access cash values without penalties at any time
  • No limits to how much you can contribute to your IUL policy


  • Earning limit on accumulation percentages
  • Market index determines the interest on the cash value
  • Smaller cash values don’t provide many advantages

Did we miss something? Indexed universal life insurance policies have a lot of benefits, but they come with a few risks. Get all the information you need before you decide to invest in an IUL policy.

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How to Find Life Insurance Companies That Sell Indexed Universal Life Insurance

The most prominent life insurance companies carry indexed universal life insurance. However, specialty companies out there provide permanent life insurance policies, too.

Now that you know more about life insurance companies that sell indexed universal life insurance, enter your ZIP code in the free online quote tool below to compare multiple insurance companies in your area.

Frequently Asked Questions: Life Insurance Companies That Sell Indexed Universal Life Insurance

Do you want to learn more about IUL insurance? Then, read these answers to frequently asked questions for more details about indexed universal life insurance:

#1 – What’s the difference between universal life and indexed universal life insurance?

Universal life insurance has more choices to invest in risky and more rewarding equities, but IUL insurance invests in index funds.

#2 – Is whole life insurance better than indexed universal life insurance?

It depends on your situation. If you want safer cash accumulating options, whole life insurance is better. To make more investments with your money, buy an IUL insurance policy.

#3 – When can I cash out an indexed universal life insurance policy?

Cashing out money from an IUL varies for each company. Most life insurance companies allow you to borrow against your death benefits instead.