Accordia Life Insurance Review (2024)
Accordia life insurance rates are as low as $9.80/mo. However, life insurance costs vary for each person. Accordia Life and Annuity Company has an "A" with an A.M. Best, but an "F" with the Better Business Bureau. Global Atlantic owns Accordia Life, but you can still access various life insurance policies and annuities. Compare to find the best rates for your needs.
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Mary Martin
Published Legal Expert
Mary Martin has been a legal writer and editor for over 20 years, responsible for ensuring that content is straightforward, correct, and helpful for the consumer. In addition, she worked on writing monthly newsletter columns for media, lawyers, and consumers. Ms. Martin also has experience with internal staff and HR operations. Mary was employed for almost 30 years by the nationwide legal publi...
Published Legal Expert
UPDATED: Aug 28, 2024
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Total Assets: $11.8 Billion / Direct Premiums: $751.5 Million
- Tapioca View, LLC
- Cape Verity I, Inc.
- Cape Verity II, Inc.
- Cape Verity III, Inc.
- Gotham Issuer, LLC
- Gotham Re, Inc.
Accordia Life and Annuity Company has billions of dollars in assets and earns millions per year from life insurance policies and annuities.
However, the company has changed its name to Global Atlantic and was recently acquired by another company.
What does that do mean Accordia life insurance rates?
Our guide explains everything you need to know about acquiring affordable Accordia life insurance quotes, getting the right life insurance product, Accordia’s third-party ratings, and more.
Before reading our Accordia Life insurance review, enter your ZIP code in the free comparison tool above.
What products are available at Accordia Life Insurance Company?
Before you buy Accordia life insurance, let’s go through a few of the products you can find at the Iowa-based life insurance company. Here’s a list of what’s available.
- Fixed Indexed Annuity
- Income Annuity
- Fixed Annuity
- Variable Annuity
- Indexed Universal Life
- Term Life Insurance
- Preneed Life Insurance
Different annuities are available, and Global Atlantic lists other universal life policies for customers. Also, Global Atlantic has preneed life insurance for customers who want to send their death benefits directly to the funeral home.
Learn about your area’s estate planning law as you make strides to buy an annuity and life insurance.
But why not Accordia Life and Annuity? Accordia Life and Annuity Company is a subsidiary of Global Atlantic. Therefore, Accordia underwrites for Global Atlantic.
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How much are Accordia life insurance rates?
Although the Global Atlantic website doesn’t list term life insurance services, we found some Accordia life insurance premiums for non-smokers and smokers. Check out the rates below.
Accordia Life Monthly Insurance Rates for $100,000 Term Life Insurance by Age, Gender, Smoker Status, and Term Length| Age of Policyholder | 10-Year Term Life Insurance Monthly Rates for Male Non-Smokers | 10-Year Term Life Insurance Monthly Rates for Female Non-Smokers | 20-Year Term Life Insurance Monthly Rates for Male Non-Smokers | 20-Year Term Life Insurance Monthly Rates for Female Non-Smokers | 10-Year Term Life Insurance Monthly Rates for Male Smokers | 10-Year Term Life Insurance Monthly Rates for Female Smokers | 20-Year Term Life Insurance Monthly Rates for Male Smokers | 20-Year Term Life Insurance Monthly Rates for Female Smokers |
|---|---|---|---|---|---|---|---|---|
| 25 | $9.79 | $9.08 | $11.93 | $10.68 | $21.18 | $17.89 | $26.97 | $21.54 |
| 30 | $9.79 | $9.26 | $12.28 | $10.77 | $21.98 | $19.05 | $29.37 | $24.12 |
| 35 | $9.88 | $9.26 | $12.28 | $11.57 | $23.32 | $20.20 | $33.91 | $28.75 |
| 40 | $11.57 | $10.95 | $16.02 | $13.71 | $31.33 | $26.70 | $47.97 | $38.09 |
| 45 | $14.51 | $12.64 | $422.16 | $17.53 | $45.84 | $37.11 | $73.34 | $54.56 |
| 50 | $20.56 | $16.02 | $30.79 | $23.85 | $64.17 | $49.57 | $105.73 | $76.36 |
| 55 | $28.84 | $20.47 | $46.10 | $33.38 | $90.07 | $66.13 | $155.75 | $102.62 |
| 60 | $42.81 | $29.64 | $75.38 | $52.51 | $135.28 | $90.07 | $251.43 | $165.99 |
| 65 | $67.91 | $43.88 | $166.88 | $95.68 | $209.42 | $131.72 | N/A | N/A |
Smokers usually pay more for life insurance. Non-smoking policyholders in their mid to late 20s pay the least for term life insurance.
Since Accordia Life is under Global Atlantic, you’ll only find Global Atlantic life insurance policies as of 2021.
Does Accordia Life have good financial strength and customer review ratings?
The short answer is yes. Accordia Life has excellent financial strength and credit ratings. Let’s review a list of those ratings below.
- A.M. Best – A (Excellent)
- Standard & Poor’s – A- (Strong)
- Moody’s – A3
Each rating means a stable financial outlook and an excellent credit rating. However, Accordia Life has long-term credit risk.
Accordia Life has an “F” rating under The Better Business Bureau (BBB). There have been six complaints in the last three years and resolved one complaint in the past year.
What’s Accordia Life’s history?
Accordia Life and Annuity Company is a subsidiary of Global Atlantic Financial Group Ltd. Global Atlantic is an insurance company with multiple lines of insurance services.
Accordia Life and Annuity’s primary insurance service is indexed universal life.
The company was originally founded in 1967. Also, the Des Moines-based insurance company was known as Western Pacific Life Insurance Company.
Accordia Life’s parent company, Global Atlantic, separated from Goldman Sachs in 2013. Sometime after that, Global Atlantic bought the Aviva USA life division, which was incorporated as Accordia Life.
New Link Destination
day, KKR & Co. Inc. has acquired Global Atlantic. Therefore, Global Atlantic may see more changes.
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Accordia Life Insurance Effortless Claims Process
Ease of Filing a Claim
Accordia Life Insurance offers multiple avenues for policyholders to file their claims, ensuring convenience and accessibility. Customers can choose to file a claim online, over the phone, or through mobile apps. This flexibility allows individuals to select the method that suits their preferences and needs, making the claims process more user-friendly.
Average Claim Processing Time
One crucial aspect of any insurance company’s performance is the speed at which they process claims. Accordia Life Insurance understands the importance of a timely claims process.
While specific processing times can vary depending on the nature and complexity of the claim, the company strives to provide efficient service to its policyholders. It’s essential to consider the average claim processing time when evaluating an insurance provider’s reliability.
Customer Feedback on Claim Resolutions and Payouts
To assess the quality of Accordia Life Insurance’s claims service, it’s essential to gather insights from policyholders. Customer feedback plays a significant role in understanding how the company handles claims, resolves issues, and disburses payouts.
Real-world experiences from customers can shed light on the company’s performance and help prospective policyholders make informed decisions about their insurance needs.
Unveiling Cutting-Edge Digital and Technological Features by Accordia Life Insurance
Mobile App Features and Functionality
Accordia Life Insurance offers a comprehensive mobile app with a range of features designed to enhance the customer experience. Policyholders can manage their insurance policies, view coverage details, pay premiums, and even file claims directly through the mobile app. This digital tool provides convenience and accessibility for those who prefer managing their insurance affairs on the go.
Online Account Management Capabilities
Accordia Life Insurance understands the importance of providing policyholders with robust online account management capabilities. Customers can access their accounts through the company’s website, where they can review policy information, update personal details, and make payments. The online platform offers a user-friendly interface, making it easy for policyholders to navigate and manage their policies.
Digital Tools and Resources
In addition to the mobile app and online account management, Accordia Life Insurance provides various digital tools and resources to assist policyholders. These tools may include calculators for estimating insurance needs, educational materials on life insurance, and access to customer support resources.
These digital offerings enhance the overall customer experience and help policyholders make informed decisions regarding their insurance coverage.
Accordia Life: What’s the bottom line?
Cheap Accordia Life insurance rates are available, but you’ll get those premiums through Global Atlantic. However, KKR’s acquisition may bring forth some changes.
For now, the financial strength ratings make Accordia Life a strong contender in life insurance, but Accordia Life has struggled with customers.
Now that you know more about Accordia Life, use our free online quote tool below to compare the best companies in your area.