Accordia Life Insurance Review (2024)
The only coverage Accordia Life offers is indexed universal life insurance through its parent company Global Atlantic Financial Group. Three levels of coverage are available, each with a tax-free death benefit. Accordia Life and Annuity Company has outstanding financial scores, but it tends to have poor customer satisfaction.
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Leslie Kasperowicz
Farmers CSR for 4 Years
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...
Farmers CSR for 4 Years
UPDATED: Nov 22, 2023
It’s all about you. We want to help you make the right life insurance coverage choices.
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.
UPDATED: Nov 22, 2023
It’s all about you. We want to help you make the right life insurance coverage choices.
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.
On This Page
- Accordia Life and Annuity Company offers indexed universal life insurance
- Accordia Life is a subsidiary of Global Atlantic Financial Group
- While Accordia’s financial ratings are outstanding, its customer service ratings are not
The Accordia Life and Annuity Company offers indexed universal life insurance through the Global Atlantic Financial Group. Global Atlantic also provides various types of annuities.
While Accordia Life insurance quotes are not available online, you can obtain them by speaking with a representative.
Before you buy Accordia Life insurance, shop around to see who can offer you the best rates. Enter your ZIP code now to compare quotes from multiple companies near you.
What products does the Accordia Life and Annuity Company offer?
When it comes to life insurance, Accordia Life insurance only offers one option. The company only offers indexed universal life insurance. This is a cash value life insurance policy that gives you a lot of options.
Universal life insurance is a permanent policy that allows you to collect interest or cash value when it is in force. This interest can then be cashed out or used to pay for your policy.
Indexed universal life insurance is a form of insurance that allows you to receive money based on a credit index. The insured will then choose which form of account to put the policy’s cash value in. In contrast to a conventional universal life insurance policy, this allows for more growth.
Inside of the Accordia indexed universal life offerings, there are three levels:
- Lifetime Foundation ELITE
- Lifetime Builder ELITE
- Global Accumulator
No matter which level you choose, the death benefit is tax-free as well.
Accordia used to sell other forms of insurance, such as term and universal life, but now only offers indexed universal life through Global Atlantic.
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What life insurance rates are offered by Accordia Life and Annuity Company?
Your life insurance rates are influenced by a variety of factors. Your Accordia Life insurance rates will be determined by your age, gender, medical history, and lifestyle choices.
The average monthly rates for a non-smoker are shown in this table. Rates for smokers would be higher in general.
Accordia Life Average Monthly Universal Life Insurance Rates by Age and Gender| Age | Accordia Average Monthly Male Life Insurance Rates | Accordia Average Monthly Female Life Insurance Rates |
|---|---|---|
| 25 | $12.28 | $10.95 |
| 30 | $12.67 | $18.10 |
| 35 | $13.26 | $11.87 |
| 40 | $16.73 | $14.33 |
| 45 | $157.04 | $18.42 |
| 50 | $34.29 | $25.10 |
| 55 | $59.10 | $46.88 |
| 60 | $59.10 | $41.08 |
| 65 | $117.40 | $69.78 |
As you can see, Accordia life insurance is relatively cheap, and female rates are usually lower than male rates. To find out if this is the best form of life insurance for you, speak with an agent.
What are the Accordia Life and Annuity Company ratings?
How well an insurance company rates can give you insight into the company. You want to feel confident in the company you are depending on for your family.
A.M. Best rates insurance companies based on their financial stability. Accordia Life received an A- rating, showing the company has an excellent ability to meet its financial obligations.
Accordia Life has an A rating from the Better Business Bureau (BBB), but it is not accredited. It’s also worth mentioning that the BBB website’s reviews are all negative and often involve customer support and billing.
It should also be noted that Accordia is currently facing a class-action lawsuit over the administration of life insurance policies.
What is the history of the Accordia Life and Annuity Company?
The Accordia Life and Annuity Company is a relatively new company, having been established just five years ago. Accordia was previously known as Aviva USA Life. Accordia Life was founded after Aviva was purchased by parent company Global Atlantic.
Global Atlantic has been in business since 2004 and offers various annuities and indexed universal life insurance.
Accordia can be reached at:
Accordia Life and Annuity Company
215 10th Street Suite 1100
Des Moines, IA 50309-3616
Call (877) 462-8992 to contact Accordia Life for customer support or to file a claim. On the website, there does not seem to be a way to talk with customer support or file a claim.
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Accordia Life and Annuity Company: The Bottom Line
Although you may be able to find affordable Accordia Life insurance, you might be taking a gamble. Although the Accordia Life and Annuity Company’s financial scores are outstanding, there are some big questions about customer support and policy servicing.
Now that you’ve learned about Accordia Life, do some research and compare other companies to see which one better suits your needs. To compare indexed universal life insurance quotes from various companies, enter your ZIP code now.
Your one-stop online guide for life insurance quotes. Get free quotes now!
Secured with SHA-256 Encryption
Leslie Kasperowicz
Farmers CSR for 4 Years
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...
Farmers CSR for 4 Years
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.