Accordia Life Insurance Review [2022]

Rachel Brennan has been in the insurance industry since 2006 when she began working as a licensed insurance representative for 21st Century Insurance, during which time she obtained a property and casualty license in all 50 states. After several years she expanded her experience in the insurance field, and also obtained a license in health insurance and AD&D insurance. I worked for a small health in…

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written by

Rachel Brennan

Licensed Insurance Agent

Benjamin Carr was a licensed insurance agent in Georgia with two years’ experience in life, health, property and casualty insurance. He has worked with State Farm and other risk management companies. He is also a writer and strategy editor with a background in branding, marketing, and quality assurance. He’s been in the military newsrooms – literally in the front lines of the press.

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reviewed by

Bungee Car

Pre-licensed life insurance agent

Bungee Car

Updated: June 29, 2022

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Accordia Life Insurance:

quick Facts

  • Accordia Life is a newcomer to the life and annuity insurance market; The age of the company is less than 20 years
  • Accordia Life is part of the parent company Global Atlantic established by Goldman Sachs in 2004
  • In 2013, Global Atlantic separated from Goldman Sachs
  • The Accordia Life brand was created in 2013 after Global Atlantic split from Goldman Sachs

Accordia life insurance products and services are relatively new when it comes to the life insurance market. Consumers will likely not be familiar with this life insurance company or the products it offers.

Whether you’re looking for life insurance quotes or just want to learn more about Accordia Life and Annuity, this review will be a helpful resource on your life insurance journey.

We’ll take the time to review the life insurance products that Accordia Life and Annuity offers, find out what consumers think of this company, and review ratings of its financial strength.

Are you ready to buy Accordia life insurance? Enter the zip code above To compare life insurance quotes from the best companies in your area.

How do Accordia life insurance rates compare to the competition?

Compared to other major insurers on the market, this is how Accordia Life Insurance’s $250,000 per man life insurance policy accumulates monthly premium rates.

And that’s how Accordia Life’s prices compare for a woman with a $250,000 life insurance policy.

While Accordia Life may not have many life insurance options, it does have good pricing compared to other major life insurance providers.

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What life insurance products does Accordia Life sell?

Accordia Life Insurance Company sells term life insurance, comprehensive life insurance, and indexed comprehensive life insurance products. This company does not sell whole life insurance products, which many consumers may want to purchase.

If you are looking for full life insurance, you will have to shop elsewhere as this company does not offer this type of life insurance. Life insurance provides coverage for a person’s entire life. If you want permanent life insurance coverage, comprehensive life insurance policies may be able to meet your needs.

What are the details of Accordia Life life insurance policies?

Accordia Life life insurance policies come in 10, 20 or 30 year lengths. Most life insurance companies offer more options for extended periods, including 15- and 25-year options, but Accordia Life Insurance does not.

Accordia Life Insurance will sell life insurance policies with coverage as low as $50,000, which not many other companies offer. Most life insurance companies offer at least $100,000 for life insurance coverage.

What are the specifications of Accordia Life’s comprehensive and indexed life insurance policies?

The most popular Accordia life insurance products are comprehensive life insurance products. Comprehensive life policies may be a good option for you if you are looking for permanent life insurance coverage. However, comprehensive life insurance coverage is different from whole life insurance.

Accordia Life offers three different types of comprehensive life insurance. This includes two distinct policies indexed to universal life.

Accordia Life’s basic comprehensive life insurance policies provide consumers with the ability to obtain permanent life insurance coverage, accumulate cash value, and versatility when it comes to paying their premiums and adjusting their coverage.

Universal life insurance provides consumers with the benefit of accumulating tax-deferred cash value.

This type of life insurance policy can be a great savings method if you’ve already outgrown your IRA or 401(k) contributions. Comprehensive life insurance policies also give consumers flexibility regarding the time and amount of premium payments.

Indexed comprehensive life insurance gives consumers the ability to increase their cash value at a much higher rate. However, there are more risks associated with indexed comprehensive life insurance policies. These policies allow policyholders to invest the monetary value of their policy in the markets.

Accordia Life offers two types of comprehensive indexed life insurance coverage; These policies are trademarked by “Lifetime Foundation” and “Lifetime Builder”. Lifetime Corporation policy allows the policyholder to adjust the death benefit to suit his or her needs. You can choose to focus on more cash accumulation or transfer life insurance coverage over the years.

The Lifetime Builder policy focuses more on the cash growth aspect of the comprehensive indexed life policy. This policy is recommended for individuals who focus on monetary value growth.

Any of the indexed comprehensive life insurance policies offered by Accordia Life can be customized to suit your needs while adding life insurance passengers.

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Is it easy to get Accordia Life life insurance?

Most life insurance companies will allow you to get quotes and start the life insurance application process online. This is not the case in Accordia Life. This company requires you to contact a life insurance agent and talk to them about the application process to get started.

What do consumers think of Accordia Live?

Reviews on the Internet for Accordia Life are very negative, with a large number of complaints. This is an indication that the customer service provided by this company is likely to be lacking in many key ways.

It’s important to take consumer complaints with caution, but the online consensus for this company is very negative.

What is Accordia Life’s financial strength?

According to the independent financial auditor better morningAccordia Life has a financial strength rating of A. This means that the company is in a strong financial position and likely to be able to pay all of its benefits in a timely manner.

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What is the bottom line?

This life insurance business is relatively new to the life insurance industry. It does not offer fully life insurance products, does not allow consumers to easily start the application process online, and has a lot of negative reviews online.

If you are looking for a comprehensive life insurance policy, you may be interested in Accordia Life, but if not, you are likely to find a better company than this one that meets your needs. You may be able to find better protection for your family at a better price with another provider.

Are you ready to compare Accordia life insurance options to the competition? Enter your postal code below To compare life insurance rates from the best companies in your area.


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