Accordia Life Insurance Review & Ratings (2023)
This Accordia Life Insurance Review will cover Accordia Life Insurance ratings by real users for overall satisfaction and claims, cost, billing, and service satisfaction. To compare insurance rates from the best companies in your area, enter your ZIP code below.
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Written by
Chris Tepedino |
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Reviewed by
Laura Walker
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UPDATED: Jun 28, 2022
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- 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.
Accordia life insurance company gained a reputation by being founded by Goldman Sachs in 2004 and changing its name multiple times. This may have been confusing for customers throughout the company’s journey, but we hope to answer some questions below.
Our Accordia life insurance review will discuss the company’s history, life insurance products, industry ratings, and more. Learn more below about Accordia, or Global Atlantic, to find out if it’s right for you.
Enter your ZIP code into our free quote comparison tool above to find affordable life insurance in your area today.
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.
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What life insurance products does Accordia offer?
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.
How much is Accordia life insurance?
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.
Are Accordia Life ratings positive?
Global Atlantic life insurance is listed under one of their previous names (Forethought Life Insurance Company) on the BBB website. It has an A- rating, no customer complaints, and no reviews.
Accordia Life was given a financial strength rating of A from A.M. Best, meaning it has an excellent ability to meet its financial obligations, such as paying claims.
Accordia has a complaint index of 4.57 from the NAIC, which is extraordinarily higher than the national median of 1.00, meaning it gets significantly more complaints than other companies of a similar size.
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How can I get a quote or file a claim?
Accordia life insurance quotes are not available online. Most of the company’s website product pages advise you to contact your financial professional an insurance agent to discuss its products.
It does not appear that you can file claims with Accordia online either. While the website directs annuity customers to log in to use an online account, life insurance customers are directed to call (877) 462-8992 to file a claim.
How can I contact Accordia Life?
Accordia’s website is www.globalatlantic.com. Its life insurance customer service phone number is (877) 462-8992 and its preneed insurance customer service phone number is (800) 331-8853.
Accordia has multiple physical locations that you can visit, but its headquarters are located at One Forethought Center, Batesville, IN 47006.
The mailing address for life insurance and preneed customers is Global Atlantic, Davis Brown Tower, 215 10th Street, 11th Floor, Des Moines, IA 50309.
Should I buy Accordia life insurance?
Accordia Life seems to offer a small choice of life insurance policies. While this limits the type of life insurance you’d be able to choose, the available options make it easy to customize the indexed universal life insurance policies.
Accordia also has good ratings from the BBB and A.M. Best. However, the company has a very high number of customer complaints, indicated by its 4.57 NAIC complaint index.
Some are also concerned about the numerous changes in branding and ownership, which changed once again in 2020.
Ultimately, we always recommend doing as much research as possible before choosing a life insurance company. If you need help comparing life insurance quotes, enter your ZIP code into our free quote comparison tool below.