Accordia Life Insurance Review (2024)

The Accordia Life and Annuity Company offers indexed universal life insurance through the Global Atlantic Financial Group. Global Atlantic also provides various types of annuities.

While Accordia Life insurance quotes are not available online, you can obtain them by speaking with a representative.

Before you buy Accordia Life insurance, shop around to see who can offer you the best rates. Enter your ZIP code now to compare quotes from multiple companies near you.

What products does the Accordia Life and Annuity Company offer?

When it comes to life insurance, Accordia Life insurance only offers one option. The company only offers indexed universal life insurance. This is a cash value life insurance policy that gives you a lot of options.

Universal life insurance is a permanent policy that allows you to collect interest or cash value when it is in force. This interest can then be cashed out or used to pay for your policy.

Indexed universal life insurance is a form of insurance that allows you to receive money based on a credit index. The insured will then choose which form of account to put the policy’s cash value in. In contrast to a conventional universal life insurance policy, this allows for more growth.

Inside of the Accordia indexed universal life offerings, there are three levels:

• Lifetime Foundation ELITE
• Lifetime Builder ELITE
• Global Accumulator

No matter which level you choose, the death benefit is tax-free as well.

Accordia used to sell other forms of insurance, such as term and universal life, but now only offers indexed universal life through Global Atlantic.

What life insurance rates are offered by Accordia Life and Annuity Company?

Your life insurance rates are influenced by a variety of factors. Your Accordia Life insurance rates will be determined by your age, gender, medical history, and lifestyle choices.

The average monthly rates for a non-smoker are shown in this table. Rates for smokers would be higher in general.

As you can see, Accordia life insurance is relatively cheap, and female rates are usually lower than male rates. To find out if this is the best form of life insurance for you, speak with an agent.

What are the Accordia Life and Annuity Company ratings?

How well an insurance company rates can give you insight into the company. You want to feel confident in the company you are depending on for your family.

A.M. Best rates insurance companies based on their financial stability. Accordia Life received an A- rating, showing the company has an excellent ability to meet its financial obligations.

Accordia Life has an A rating from the Better Business Bureau (BBB), but it is not accredited. It’s also worth mentioning that the BBB website’s reviews are all negative and often involve customer support and billing.

It should also be noted that Accordia is currently facing a class-action lawsuit over the administration of life insurance policies.

What is the history of the Accordia Life and Annuity Company?

The Accordia Life and Annuity Company is a relatively new company, having been established just five years ago. Accordia was previously known as Aviva USA Life. Accordia Life was founded after Aviva was purchased by parent company Global Atlantic.

Global Atlantic has been in business since 2004 and offers various annuities and indexed universal life insurance.

Accordia can be reached at:

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

Call (877) 462-8992 to contact Accordia Life for customer support or to file a claim. On the website, there does not seem to be a way to talk with customer support or file a claim.

Accordia Life and Annuity Company: The Bottom Line

Although you may be able to find affordable Accordia Life insurance, you might be taking a gamble. Although the Accordia Life and Annuity Company’s financial scores are outstanding, there are some big questions about customer support and policy servicing.

Now that you’ve learned about Accordia Life, do some research and compare other companies to see which one better suits your needs. To compare indexed universal life insurance quotes from various companies, enter your ZIP code now.