Accordia Life vs. Haven Life: Top Life Insurance in 2024
Compare Accordia Life vs. Haven Life with this life insurance review. Accordia and Haven Life offer life insurance policies at affordable rates and both have excellent or better ratings from A.M. Best. Learn more about Accordia Life and Annuity Company and MassMutual’s Haven Life, then use our free tool to get life insurance quotes in your area.
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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 is a well-rated, affordable life insurance company with term, whole, and universal products
- Haven Life is a subsidiary of MassMutual and has the highest rating possible from A.M. Best, A++
- Accordia Life and Haven Life are both affordable life insurance companies
Accordia Life vs. Haven Life is a good place to start when considering affordable life insurance. When planning for the future, your beneficiaries’ benefits should be in good hands. The best life insurance companies provide their customers with security for the future.
Accordia Life and Haven Life both offer a variety of permanent and term life insurance policies. While Haven may be more well-known — via its parent company MassMutual — for cheap life insurance, Accordia life insurance also has competitive rates.
Ready to start comparing Accordia Life vs. Haven Life life insurance quotes? Use our free tool to compare quotes available in your area. Enter your ZIP code to get started.
Accordia Life vs. Haven Life: Which company offers better policies?
The three categories of life insurance are term, whole, and universal — the latter really being another form of the whole option. Term life insurance policies, which are fairly common, provide payouts when the policyholder’s death is within the contract time frame.
Permanent life insurance policies pay out to beneficiaries after death at any point. Payouts are paid in a non-taxed lump sum.
Keep reading to compare Accordia Life vs. Haven Life insurance policies.
Haven Life
Reading through Haven Life insurance reviews is a great way to work out if the company is for you. Haven Life insurance policies are issued through MassMutual, which is one of the longest-standing life insurance companies.
Haven Life has two term life insurance policy options: Haven Simple and Haven Term. The company advertises its simple, streamlined process to potential customers.
Haven Term is the basic term life insurance option. It allows up to $3 million in coverage for those up to age 60. Anyone older is limited to a $1 million policy.
Haven Term life requires applicants to get a medical exam for certain coverage amounts. Available terms are 10, 15, 20, and 30 years.
Haven Simple is the no-medical option of the term life deal. The policy is only available to those 20-55 years old and for 5- to 15-year terms.
Learn more about this company in our Haven life review.
Accordia Life Insurance
Accordia Life and Annuity Company is a subsidiary of Global Atlantic Financial Group Limited. Accordia’s offered life insurance products are under Global Atlantic.
Accordia has a level premium term policy that guarantees premiums and benefits will remain the same throughout the term. Available riders under this coverage type include a waiver of premiums, accidental death benefit, children’s insurance, additional insured, and terminal illness.
When you buy Accordia Life insurance, you must be under 75 for a 10-year policy, under 65 for a 20-year policy, and under 55 for a 30-year policy.
Accordia’s Life Assure universal life is permanent with a guaranteed death benefit, cash value accumulation, and a low interest rate. Accordia also has indexed universal life insurance, which is a very similar policy.
The difference between the two is that Life Assure applies a minimum interest rate each year, while the market determines the indexed option rates.
Now, let’s compare Accordia Life vs. Haven Life life insurance rates.
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Accordia Life vs. Haven Life: Which company has the best rates?
According to the Insurance Information Institute, life insurance rates are based on your needs and a variety of other factors. Before you settle on a policy, it’s best to know how much coverage you need.
Some things to consider:
- Do your dependents have enough coverage to pay for final expenses?
- Do your dependents need further income assistance after your death?
- Do you want to set up a legacy?
Now that you have a better understanding of what generates life insurance rates, let’s compare possibilities for Accordia Life vs. Haven Life insurance rates.
Read on for a comparison of affordable Accordia Life vs. Haven Life life insurance costs. Average monthly Accordia Life insurance rates for men and women can be found in the chart below.
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 |
Life insurance rates for Haven Life Term vary for men and women. See the charts below to compare Haven Life and other similar life insurance companies.
For men, life insurance costs are as follows:
Sample Average Monthly Term Life Insurance Rates for Males Based on Age and Company
| Age | Haven Life Term Average Monthly Rates | Lincoln TermAccel 2019 Average Monthly Rates | Minnesota Life Advantage Elite Select Average Monthly Rates | North American Classic Term Average Monthly Rates | Protective Classic Choice Term Average Monthly Rates |
|---|---|---|---|---|---|
| 30 | $23.45 | $20.52 | $20.68 | $20.68 | $21.97 |
| 35 | $25.17 | $22.51 | $22.44 | $21.56 | $21.93 |
| 40 | $31.20 | $28.31 | $32.12 | $28.60 | $29.36 |
| 45 | $54.46 | $47.65 | $52.36 | $47.96 | $47.00 |
| 50 | $85.47 | $74.77 | $79.64 | $75.24 | $72.38 |
| 55 | $149.20 | $130.75 | $139.48 | $131.56 | $126.56 |
| 60 | $245.67 | $216.09 | $223.96 | $217.80 | $209.10 |
| 65 | NA | NA | $396.44 | $380.60 | $365.50 |
Below are the life insurance costs for women:
Sample Average Monthly Term Life Insurance Rates for Females Based on Age and Company
| Age | Haven Life Term Average Monthly Rates | Lincoln TermAccel 2019 Average Monthly Rates | Minnesota Life Advantage Elite Select Average Monthly Rates | North American Classic Term Average Monthly Rates | Protective Classic Choice Term Average Monthly Rates |
|---|---|---|---|---|---|
| 30 | $20.01 | $16.45 | $18.04 | $17.16 | $18.28 |
| 35 | $20.87 | $19.86 | $18.92 | $18.92 | $19.36 |
| 40 | $27.76 | $26.39 | $25.08 | $25.96 | $25.83 |
| 45 | $47.57 | $42.40 | $44.44 | $42.68 | $41.14 |
| 50 | $68.24 | $62.00 | $61.16 | $61.16 | $59.02 |
| 55 | $108.72 | $95.73 | $97.24 | $96.36 | $92.70 |
| 60 | $160.40 | $140.66 | $146.52 | $143.00 | $137.14 |
| 65 | NA | NA | $248.11 | $231.88 | $222.98 |
Keep reading to see how the companies’ financial standings compare.
Accordia Life vs. Haven Life: Which company is better reviewed?
Both companies have great ratings from A.M. Best, a trusted third-party reviewer. However, Haven Life beats out Accordia Life.
Haven received an A++, or Superior rating, while Accccordia got an A, or Excellent, score.
Standard & Poor’s reviews are similar. Haven Life got an A++ from S&P, while Accordia got an A-.
Accordia Life vs. Haven Life: The Bottom Line
Should you buy Accordia Life vs. Haven Life life insurance? Whether you’re looking for affordability or maximum coverage, one of these companies probably has the right life insurance option for you.
Haven Life insurance has the better ratings, though it doesn’t offer the expansive line of life insurance products that Accorida Life offers to clients.
Both companies offer competitive rates but don’t take our word for it.
Now that we’ve compared Accordia Life vs. Haven Life, enter your ZIP code below to see insurance quotes available in your area.
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.