Accordia Life Insurance Review & Ratings (2024)
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Jeff Root
Licensed Insurance Agent
Jeff is a well-known speaker and expert in life insurance and financial planning. He has spoken at top insurance conferences around the U.S., including the InsuranceNewsNet Super Conference, the 8% Nation Insurance Wealth Conference, and the Digital Life Insurance Agent Mastermind. He has been featured and quoted in Nerdwallet, Bloomberg, Forbes, U.S. News & Money, USA Today, and other leading...
Licensed Insurance Agent
UPDATED: Dec 21, 2023
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Editorial Guidelines: We are a free online resource for anyone interested in learning more about insurance. Our goal is to be an objective, third-party resource for everything insurance related. We update our site regularly, and all content is reviewed by insurance experts.
UPDATED: Dec 21, 2023
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance company and cannot guarantee quotes from any single insurance company.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
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Accordia Life Insurance
Average monthly rate for healthy individuals:
N/AA.M. Best rating:
A (Excellent)Complaint level:
LowPros
- Financial Strength: Accordia, with an A rating from A.M. Best, indicates strong financial stability, ensuring the company’s ability to fulfill its obligations.
- Product Options: Offers indexed universal life insurance and preneed insurance, allowing for some degree of customization.
- Accessibility: Provides various channels for claims filing and has a mobile app for policy management, enhancing customer convenience.
Cons
- Complaints: The company has a high NAIC complaint index, indicating a higher number of complaints relative to its size, which may concern some customers.
- Limited Offerings: While it offers specific life insurance products, its range might be limited compared to larger insurance providers.
- Ownership Changes: The history of ownership changes might raise concerns about stability or changes in policy terms.
Final Verdict: Review of Accordia Life Insurance
What You Should Know About Accordia Life Insurance
Welcome to our comprehensive guide on Accordia Life Insurance and everything you need to know to make informed decisions about your life insurance coverage. In this article, we will delve into the key topics related to Accordia Life Insurance, including its history, life insurance products offered, industry ratings, and more.
- Accordia Life, now known as Global Atlantic, was founded in 2004 by Goldman Sachs.
- The company offers multiple indexed universal life insurance policies, as well as preneed insurance.
- While Accordia has good ratings from the BBB and A.M. Best, it has an extraordinarily high NAIC complaint index of 4.57.
We understand the importance of finding the right life insurance policy at the best possible rates. That’s why we encourage you to take action today and enter your zip code below to compare rates from the best insurance providers in your area. Don’t miss out on the opportunity to secure affordable and reliable life insurance coverage that meets your needs.
What is Accordia Life?
Accordia Life began was founded in 2004 as Goldman Sachs Reinsurance Group. In 2013, the company separated from Goldman Sachs and was renamed Global Atlantic Financial Group Limited. That same year, it acquired AVIVA USA and was renamed Accordia Life, then switched back to the name Global Atlantic in 2016.
The company has over $30 billion in assets, emphasizes leadership, and encourages its employees to become an important part of their communities.
Accordia Life Insurance Coverage Options
Accordia offers three different indexed universal life (IUL) insurance policies, as well as preneed insurance. Their IUL policies are known as Lifetime Foundation ELITE, Lifetime Builder ELITE, and Global Accumulator.
Indexed universal life insurance is a type of permanent life insurance that earns a cash value that you can borrow against while living that grows based on the interest rate of a major index, such as the S&P 500.
Many IUL policies have minimum and maximum interest rates. Accordia lets you choose between this type of policy and a fixed interest rate policy, which means they choose a set interest rate for your policy instead of having it follow an index.
Accordia’s three policies will also differ based on death benefit coverage amounts, maximum ages, loan options, interest crediting strategies, and more. This makes it easy to customize your policy to exactly what will benefit you the most.
Preneed insurance is a type of whole life insurance that has a funeral home of your choosing listed as the beneficiary. With this policy, you plan your funeral and burial to calculate the amount of your death benefit, and then your family doesn’t have to worry about anything at your passing.
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Accordia Life Insurance Rates Breakdown
Unfortunately, Accordia life insurance rates are not available on the company’s website. To give you an idea of what you might pay for an indexed universal life insurance policy, take a look at the chart below:
Age Group | Average Monthly Indexed Universal Life Insurance Rates (Male) | Average Monthly Indexed Universal Life Insurance Rates (Female) |
---|---|---|
25 - 35 | $96 - $122 | $71 - $96 |
35 - 45 | $122 - $171 | $96 - $148 |
45 - 55 | $171 - $303 | $148 - $238 |
55 - 65 | $303 - $491 | $238 - $445 |
You should keep in mind that your life insurance rates will depend on many factors including your age, gender, health, location, and more.
Accordia Life Insurance Discounts Available
How Accordia Life Insurance Ranks Among Providers
Frequently Asked Questions
What is Accordia Life Insurance?
Accordia Life Insurance is an insurance company that offers life insurance and annuity products.
What is the financial rating of Accordia Life Insurance?
Accordia Life Insurance has a financial strength rating of “B++” (Good) from A.M. Best, which is a rating agency that evaluates insurance companies’ financial stability and ability to pay claims.
What is the customer satisfaction rating for Accordia Life Insurance?
Accordia Life Insurance does not have a customer satisfaction rating on the Better Business Bureau (BBB) website.
What types of life insurance does Accordia Life Insurance offer?
Accordia Life Insurance offers a variety of life insurance coverage options, including term life insurance, whole life insurance, and universal life insurance.
Can I get a quote from Accordia Life Insurance online?
Yes, you can get a free quote from Accordia Life Insurance by visiting their website and entering your information.
How do I apply for life insurance with Accordia Life Insurance?
You can apply for life insurance with Accordia Life Insurance by visiting their website and filling out an application online, or by contacting an agent directly.
Compare The Best Insurance Quotes In The Country
Compare quotes from the top insurance companies and save!
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Jeff Root
Licensed Insurance Agent
Jeff is a well-known speaker and expert in life insurance and financial planning. He has spoken at top insurance conferences around the U.S., including the InsuranceNewsNet Super Conference, the 8% Nation Insurance Wealth Conference, and the Digital Life Insurance Agent Mastermind. He has been featured and quoted in Nerdwallet, Bloomberg, Forbes, U.S. News & Money, USA Today, and other leading...
Licensed Insurance Agent
Editorial Guidelines: We are a free online resource for anyone interested in learning more about insurance. Our goal is to be an objective, third-party resource for everything insurance related. We update our site regularly, and all content is reviewed by insurance experts.