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Accordia Life Insurance Review [2021]

The Lowdown

  • Accordia Life offers term life and permanent life insurance options
  • Accordia Life has excellent financial ratings
  • Accordia Life offers a variety of riders

Accordia Life offers a variety of permanent and term life insurance options. The company has excellent financial ratings and competitive rates. Discovering more about Accordia Life will allow you to determine if it’s the right life insurance provider for you.

Whether Accordia Life insurance is offered near you or not, enter your ZIP code to find the best life insurance quotes in your area.

What are the Accordia Life monthly rates?

A common way of choosing a life insurance company is to examine its monthly rates. The following chart shows the affordable Accordia Life insurance rates for a universal life policy based on age and gender.

Accordia Life Average Monthly Universal Life Insurance Rates by Age and Gender
AgeAverage Monthly Male RatesAverage Monthly Female 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
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As you can see, Accordia Life has competitive rates, and female rates are lower than male rates.

What products are offered by Accordia Life?

Accordia Life offers term life, universal life, and indexed universal life insurance options. While the company doesn’t offer whole life insurance products, this type of insurance can be purchased through its sister company, Forethought.

Term life insurance is available from Accordia Life in 10, 20, and 30-year terms. The minimum coverage offered is $50,000, which is less than the minimum coverage by most competitors of $100,000. This is an option for customers looking for limited coverage.

In addition to its term life plans, Accordia Life offers multiple types of universal life insurance. The traditional universal life plan offers flexible rates and the ability to build a cash value.

One of the biggest benefits offered by Accordia Life is its indexed universal life options. The company offers two types of indexed universal life insurance, both of which allow policyholders to invest their policy’s cash value.

The Lifetime Foundation policy allows the policyholder to adjust the death benefit as needed. The customer can focus on cash growth or the ability to adjust the policy over time to fit the changes in their life.

The Lifetime Builder policy specifically focuses on cash growth. This policy is designed for those looking to increase their policy’s cash value to produce the largest possible payout.

What riders are offered by Accordia Life?

If you can’t find a policy that meets all of your needs, Accordia Life offers a wide range of options that can be added to a policy. Known as riders, some of these features are automatically included with policies while optional riders can be added for an additional fee.

The company’s core riders are automatically included in its universal life policies. The core riders offered by Accordia Life include:

  • Wellness for life
  • Terminal illness
  • Accelerated death benefit
  • Overloan protection
  • Waiver of surrender charge due to confinement
  • Accelerated access rider

Optional riders offered by Accordia Life include:

  • Primary insured
  • Additional insured
  • Guaranteed purchase options
  • Children’s insurance
  • Accidental death benefit
  • Waiver of monthly deduction
  • Waiver of a specified premium

Those looking to buy Accordia Life insurance will find more riders than most other companies, allowing policyholders to customize a policy to their needs.

How is Accordia Life financially rated?

The Accordia Life insurance company has been rated by the most trusted credit rating agencies. These financial ratings determine the likelihood that the company will be able to provide a payout when a claim is filed.

Accordia Life has been rated an “A” by A.M. Best, an “A-” by S&P, and an A3 by Moody’s. These are all considered excellent ratings and determine that the company should be able to provide a payout, even during difficult economic times.

How can you make payments to Accordia Life?

Like most life insurance companies, you can make an Accordia Life insurance online payment or send in a check by mail. Policyholders have the option to pay by credit card, debit card, automatic bank draft, or check.

Checks can be sent to the Accordia Life and Annuity Company payment address at:

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

You can also contact their customer service department by calling (877) 462-8992.

Accordia Life Company Background

The Accordia Life and Annuity Company was originally called Aviva USA and owned by Athene. In 2015, the company was purchased by Global Atlantic and renamed Accordia Life. Today, the company is the life insurance subsidiary of Global Atlantic.

Accordia Life: The Bottom Line

The Accordia Life and Annuity Company provides term life and universal life insurance options. The company has strong financial ratings and provides competitive monthly rates. A careful examination of Accordia Life will help determine if it’s the right choice for you.

Now that you’ve seen Accordia Life insurance quotes, enter your ZIP code to discover the top life insurance rates in your area.