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Joel Ohman is the CEO of a private equity-backed digital media company. He is a CERTIFIED FINANCIAL PLANNER™, author, angel investor, and serial entrepreneur who loves creating new things, whether books or businesses. He has also previously served as the founder and resident CFP® of a national insurance agency, Real Time Health Quotes. He has an MBA from the University of South Florida. Joel...

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Reviewed by Joel Ohman
Founder, CFP® Joel Ohman

UPDATED: Jun 29, 2022

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The Truth in a Nutshell

  • Term life and indexed universal life insurance are the only two policies available from Accordia Life
  • Accordia Life insurance rates are about $9/month
  • A.M. Best gave Accordia Life an “A” rating
  • Accordia Life has a one-star rating overall based on the Better Business Bureau’s customer reviews

Accordia Life insurance company offers a limited selection of life insurance policies. If you’re considering comparing Accordia life insurance rates to other companies, there are a few important things to know.

While affordable Accordia Life insurance might be available to you, the policy types are limited. Read on to learn what life insurance products are available, see how Accordia ranks with third-party ratings, and find out why insurance is so expensive for older policyholders.

Continue reading to learn more about Accordia Life insurance. Enter your ZIP code in the free comparison tool above to compare quotes from the top insurance companies in your local area.

What Accordia Life insurance policies are available?

Before you buy Accordia Life insurance, it’s essential to know what’s available at the company. The Accordia Life and Annuity Company have term life insurance and indexed universal life insurance (IUL).

Here’s a list of IUL insurance policies that Accordia Life provides:

  • Lifetime Foundation ELITE
  • Lifetime Builder ELITE
  • Global Accumulator

Information on Accordia’s term life insurance program is somewhat limited. If you’re determined to get a life insurance policy with Accordia Life, continue reading to learn how Accordia Life insurance quotes are affected by various factors.

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How much are Accordia Life insurance rates?

On average, term life insurance is much cheaper than permanent life insurance policies, like indexed universal life insurance.

Permanent life insurance comes with an accumulated cash value as well as a death benefit. When you pay your monthly rates, you add money to an account in addition to paying for the life insurance coverage.

The great part of permanent life insurance is that the death benefits are tax-free.

Term life policies only include life insurance coverage. Let’s look at how much you’ll pay for term life insurance at Accordia Life.

Accordia Life Average Monthly Insurance Rates by Age, Gender, Term and $100K Death Benefits
Age of Non-Smoking PolicyholderAccordia Life Monthly Rates (Female)Accordia Life Monthly Rates (Male)Accordia Life Monthly Rates (Female)Accordia Life Monthly Rates (Male)
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Accordia Life insurance rates are cheapest for female policyholders in their mid-20s, but male customers 50 and above pay the most for life insurance. Also, your life insurance rates will increase if you select life insurance with a longer term.

Ultimately, your Accordia Life insurance rates are determined by age, gender, policy limit, health, and policy type.

Does Accordia Life insurance have good financial strength ratings?

According to A.M. Best, Global Atlantic Financial Group Ltd and its subsidiaries (Accordia Life) have earned an “A” rating in 2020. There are also other financial ratings to consider.

Let’s compare A.M. Best ratings to Moody’s and S&P.

  • AM Best – A (Excellent)
  • Moody’s – A3
  • S&P Global – A- (Strong)

This means Accordia Life has a stable financial outlook and an excellent ability to meet obligations to customers. However, the Better Business Bureau reports a one-star customer review rating for Accordia Life.

Accordia Life Insurance Company Details

Since Accordia Life insurance company has an online presence through its parent company, Global Atlantic Life, you can make an Accordia Life insurance online payment. Or you can mail your monthly payment to Accordia Life and Annuity Company payment address at:

Accordia Life and Annuity Company
215 10th Street Suite 1100
Des Moines, IA 50309-3616

The Accordia Life and Annuity Company is a subsidiary of Global Atlantic Financial Group LLC. Global Atlantic bought Accordia Life in 2013 after Accordia went through acquired a few companies and settled a class-action lawsuit with policyholders.

It’s unclear when the Accordia Life insurance company was founded.

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Accordia Life Insurance: What’s the bottom line?

If you need affordable Accordia Life insurance, it shouldn’t be hard to find, but you’ll likely pay four times more when you buy IUL insurance. IT’s important to understand how much life insurance you need before purchasing an Accordia Life insurance policy.

Before making any final decisions on your insurance company, it is important to learn as much as you can about your local insurance providers, and the coverages they offer. Call your local insurance agent to clear up any questions that you might have. Questions to consider asking include, “What is the best coverage plan for me/my family/my situation?” “What are the minimum coverage requirements in my state and what form of coverage do you recommend?” “Do you guys offer any bundle discounts if I take out both my auto insurance and home insurance with you?” and “What is the average rate of insurance quotes you guys offer?”

Before making any big insurance decisions, use our free tool to compare insurance quotes near you. It’s simple, just plug in your zip code and we’ll do the rest!

We hope this Accordia Life insurance review has been helpful. Use our free online quote tool below to compare the multiple insurance companies near you.