Accordia Life vs. John Hancock: Top Life Insurance in 2024
Our Accordia Life vs. John Hancock life insurance review will discuss each company's products, rates, industry ratings, and more. Accordia Life sells indexed universal life insurance and preneed insurance, while John Hancock sells term life insurance and universal life insurance. Both companies have good A.M. Best ratings.
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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: Dec 4, 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: Dec 4, 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 sells indexed universal life insurance and preneed life insurance.
- John Hancock sells term life insurance and three different types of universal life insurance.
- Both companies have good ratings from A.M. Best, meaning they are expected to meet their financial obligations, such as paying claims.
If you’re looking for the best life insurance companies, you may have come across Accordia Life and John Hancock. Our Accordia Life vs. John Hancock life insurance company review will discuss each company’s products, rates, industry ratings, and more.
Read on to learn more about affordable Accordia Life vs. John Hancock life insurance. Enter your ZIP code into our free quote comparison tool above to find quotes from life insurance companies in your area.
Table of Contents
What life insurance products do Accordia Life and John Hancock offer?
Below, we’ll discuss each company’s life insurance products.
Accordia Life Insurance Products
Accordia Life offers indexed universal life insurance and preneed life insurance.
Indexed universal life insurance is a permanent life insurance policy that builds cash value based on a major index’s rate. Accordia Life offers three indexed universal life insurance policies.
Lifetime Foundation ELITE is a simple indexed universal life insurance policy. Lifetime Builder ELITE offers three different death benefit options, policy loan options, and six indexed interest crediting strategies. Global Accumulator offers a SMART buy-up indexed strategy for an extra fee.
Accordia also offers preneed life insurance, which provides a death benefit to cover funeral expenses. When you set up a preneed policy, you will choose a funeral home and arrange services, determining the death benefit amount. The funeral home is listed as the beneficiary of the policy.
John Hancock Life Insurance Products
John Hancock offers term life insurance, universal life insurance, variable universal life insurance, and indexed universal life insurance.
Term life insurance is a non-permanent life insurance policy that provides a death benefit for a specified time, generally between 10 and 30 years. John Hancock offers terms of 10, 15, 20, and 30 years with coverage amounts between $750,000 and $65 million.
Universal life insurance is a permanent life insurance policy that builds cash value based on an interest crediting strategy. You can also borrow from the cash value of your policy and customize your premiums.
Variable universal life insurance is very similar to standard universal life insurance, except you get to choose different investment strategies that grow your cash value. However, you must be careful because your cash value could also decrease with the investments.
As mentioned above, indexed universal life insurance builds cash value based on a major index’s rate.
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How much do Accordia Life and John Hancock life insurance cost?
Below, we’ll compare Accordia Life vs. John Hancock life insurance rates.
Let’s look at some same Accordia life insurance rates for men and women of different ages:
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 |
Now, let’s look at some John Hancock life insurance rates for a non-smoking male living in California with good health:
John Hancock Term Life Insurance Rates by Age| Age | Average Monthly Rates for $500,000 20-Year Term |
|---|---|
| 20-29 | $27.66 |
| 30-39 | $28.61 |
| 40-49 | $53.61 |
| 50-59 | $127.81 |
| 60-69 | $459.16 |
Keep in mind the difference between these rates can be caused by many factors, especially the type of life insurance purchased. However, life insurance rates are also determined by age, gender, location, health, and more.
Which company has better ratings?
The Accordia Life and Annuity Company has an A rating from the Better Business Bureau, while John Hancock does not have a rating.
Accordia has a financial strength rating of A from A.M. Best, meaning it has an excellent ability to meet its financial obligations. Global Atlantic, Accordia’s parent company, has a long-term issuer credit rating of bbb, meaning it has a good ability to pay long-term debt.
John Hancock has a financial strength rating of A+ from A.M. Best, meaning it has a superior ability to meet financial obligations.
How can I get quotes or file claims?
Let’s discuss how you can receive Accordia Life vs. John Hancock life insurance quotes and file claims with either company.
You cannot receive Accordia life insurance quotes from the company’s website. Instead, you must contact an insurance agent or funeral home that sells its products.
Accordia Life insurance claims can be initiated by calling Global Atlantic at 1-877-462-8992. The forms that you will need are available on the Global Atlantic website.
You can get John Hancock life insurance quotes using the company’s website by filling out a form with your basic contact information. An insurance agent will then contact you to ask about your life insurance needs.
You can send a notification to John Hancock regarding a death by filling out the online form or calling 1-888-887-2739. You can then retrieve the form from the company’s life insurance website and submit the proper documentation.
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How can I contact Accordia Life and John Hancock?
Accordia’s life insurance customers can call the company at 1-877-462-8992. Preneed insurance customers can contact the company at 1-800-331-8853.
Life insurance customers can send mail to Global Atlantic, Davis Brown Tower, 215 10th Street, 11th Floor, Des Moines, IA 50309. Preneed insurance customers can send mail to Global Atlantic, One Forethought Center, Batesville, IN 47006.
John Hancock’s life insurance customers can call the company at 1-800-732-5543.
Life insurance customers can send mail to Life Post Issue Services, John Hancock Insurance Co., P.O. Box 55979, Boston, MA 02205. Customers can also use their John Hancock login (401k customers must use a separate John Hancock 401k login) to submit forms and access their policy.
Accordia Life vs. John Hancock: Which one is right for me?
One of the most significant factors many consider when choosing a life insurance company is what type of life insurance you’re looking for. Both Accordia Life and John Hancock offer indexed universal life insurance. However, each offers other types of insurance the other doesn’t.
If you’re looking for preneed insurance, Accordia Life is a better choice for you. However, if you’re looking for term life insurance or another type of universal life insurance, John Hancock is the way to go.
Both companies have good ratings and numerous ways to get in touch with a representative. However, you may want to consider comparing them to other companies as well.
We hope this article helped you to decide whether you should buy Accordia Life vs. John Hancock life insurance. If you need help finding affordable life insurance, enter your ZIP code into our free quote comparison tool below.
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.