Accordia Life vs. Transamerica: Top Life Insurance in 2024
In a comparison of Accordia Life vs. Transamerica life insurance, Transamerica easily won. Both companies offer multiple forms of life insurance to choose from. Transamerica, however, offers more affordable rates to men and women of various ages. Transamerica also holds a higher rating from A.M. Best than Accordia Life.
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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
- Transamerica offers more affordable rates to men and women of various ages than Accordia Life and Annuity Insurance Company
- Accordia Life and Transamerica both offer multiple forms of coverage to choose from
- Transamerica is more well-reviewed by A.M. Best than Accordia Life and Annuity Company
There is no shortage of choices when it comes to life insurance companies. Today, we’ll be focused on comparing Accordia Life vs. Transamerica.
Our Accordia Life vs. Transamerica life insurance company review will cover the two companies’ pricing, coverage forms, and ratings.
Before you dive into our Accordia Life vs. Transamerica life insurance comparison, type your ZIP code into our free and helpful tool above to find affordable life insurance quotes in your area.
Table of Contents
Accordia Life vs. Transamerica: Which company offers more affordable rates?
When trying to decide between Accordia Life vs. Transamerica life insurance, start with pricing.
Let’s take a look at a table that compares Accordia Life vs. Transamerica life insurance quotes.
| Gender and Age | Accordia Life Average Monthly Rates | Transamerica Average Monthly Rates |
|---|---|---|
| Male Age: 30 | $16.91 | $13.33 |
| Male Age: 40 | $23.36 | $20.21 |
| Male Age: 50 | $56.07 | $40.21 |
| Male Age: 60 | $128.84 | $101.91 |
| Female Age: 30 | $15.58 | $12.26 |
| Female Age: 40 | $20.69 | $17.63 |
| Female Age: 50 | $40.03 | $32.25 |
| Female Age: 60 | $89.25 | $81.06 |
Is it easy to find affordable Accordia Life vs. Transamerica life insurance rates?
As you can see, for men in their 30s and 40s, Transamerica is about $3 cheaper per month than Accordia Life.
For men in their 50s, Transamerica is about $16 cheaper per month. Lastly, men in their 60s will pay $27 less per month if they go with Transamerica.
Accordia Life is again about $3 more expensive per month for women in their 30s and 40s. Women in their 50s and 60s will pay $8 more per month for Accordia Life coverage.
So, our Transamerica vs. Accordia Life insurance review has shown us that the former offers more affordable rates. Let’s move on to available forms of coverage.
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What forms of coverage are offered by these companies?
Just as you have options when it comes to companies, there are multiple different kinds of coverage to choose from. But not every company offers the same types of coverage.
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Accordia Life has several forms of coverage to choose from, including level premium term life insurance. This coverage guarantees the insured that their rates won’t rise.
It also offers universal life insurance (UL) for individuals who need assurance that their families will receive a death benefit with a minimal interest rate.
Lastly, Accordia Life offers indexed universal life insurance (IUI). IUI is different from UL in that IUI’s interest rate is fully dependent upon the movement of the stock market.
Transamerica has indexed universal life insurance and term life insurance options to choose from.
Transamerica also offers whole life insurance. This guarantees the policyholder they will be paying the same rates throughout the duration of their policy.
Lastly, Transamerica has final expense life insurance. This coverage is meant to help families with end-of-life costs like funeral and burial expenses.
Next, let’s wrap up with company ratings and see if Transamerica can strengthen its lead.
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Accordia Life vs. Transamerica: Which company is more well-reviewed?
We’re going to close by analyzing Accordia Life and Transamerica life insurance reviews given by A.M. Best.
These are called Financial Strength Ratings (FSR) and are meant to give the potential insured confidence in a given company’s ability to meet its financial obligations.
A.M. Best Ratings for Top Providers| Life Insurance Company | A.M. Best Rating |
|---|---|
| Accordia Life | A- |
| AIG | A |
| ANICO | A |
| Assurity | A- |
| Banner Life | A+ |
| Cincinnati Life | A |
| Fidelity | A- |
| Foresters | A |
| Gerber Life | A |
| John Hancock | A+ |
| Lincoln Financial | A+ |
| MetLife | A+ |
| Midland National | A+ |
| Minnesota Life | A+ |
| Mutual of Omaha | A+ |
| Nationwide | A+ |
| North American Co | A+ |
| Pacific Life | A+ |
| Principal | A+ |
| Protective | A+ |
| Prudential | A+ |
| Sagicor | A- |
| SBLI | A+ |
| Symetra | A |
| Transamerica | A+ |
| VOYA | A |
An FSR of “A-” (Excellent) was given to Accordia Life, which is the second-highest of seven ratings.
How did Transamerica fare in comparison? It received a slightly higher rating of “A.”
To review, Transamerica easily won. With its more affordable rates, coverage options, and higher A.M. Best rating, it was a landslide.
Now that you’ve finished this Accordia Life vs. Transamerica review, type your ZIP code into our free and helpful tool below to find affordable life insurance quotes in your area.
Frequently Asked Questions: Accordia Life vs. Transamerica
Still not sure whether you should buy Accordia Life vs. Transamerica life insurance? What follows are a few commonly asked questions about these two companies.
#1 – How do I make an Accordia Life insurance online payment?
Make your payment through Accordia Life’s parent company, Global Atlantic Financial Group.
#2 – What is the Accordia Life and Annuity Company payment address?
Insurance Services
PO Box 105234
Atlanta, GA 30348-5234
#3 – What is Transamerica long-term care insurance?
This protects you financially from the costs of long-term care that Medicare does not pay for.
Your one-stop online guide for life insurance quotes. Get free quotes now!
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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
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.