Accordia Life Insurance Review (2021)

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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Jeffrey Johnson is a legal writer with a focus on personal injury. He has worked on personal injury and sovereign immunity litigation in addition to experience in family, estate, and criminal law. He earned a J.D. from the University of Baltimore and has worked in legal offices and non-profits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman Univer...

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UPDATED: Jul 16, 2021

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Company Details
Address: 215 10th Street, Suite 1100
City: Des Moines
State: IA
ZIP Code: 50309
Phone Number: 1-855-887-4487
Year Founded: 1967
AM Best Rating: A
URL where was collected the AM Best Rating: http://news.ambest.com/PressContent.aspx?altsrc=14&refnum=29098
Lines of Insurance: Annuity and Life Insurance
States Licensed To Sell Insurance In: AK, AL, AR, AZ, CA, CO, CT, DC, DE, FL, GA, HI, IA, ID, IL, IN, KS, KY, LA, MA, MD, ME, MI, MN, MO, MS, MT, NC, ND, NE, NH, NJ, NM, NV, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VA, VT, WA, WI, WV, WY
Type of Insurance Company: Misc
Parent Company: Global Atlantic Fin Group Ltd
Top executive Contact: Dave Wilken
Title of Top executive: President
Assets & Premiums:

Total Assets: $11.8 Billion / Direct Premiums: $751.5 Million

Insurance subsidiaries:
  1. Tapioca View, LLC
  2. Cape Verity I, Inc.
  3. Cape Verity II, Inc.
  4. Cape Verity III, Inc.
  5. Gotham Issuer, LLC
  6. Gotham Re, Inc.
Company Rating 0 (0 reviews)

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 Policyholder10-Year Term Life Insurance Monthly Rates for Male Non-Smokers 10-Year Term Life Insurance Monthly Rates for Female Non-Smokers20-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 Smokers20-Year Term Life Insurance Monthly Rates for Male Smokers20-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$131.72N/AN/A
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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.

Today, KKR & Co. Inc. has acquired Global Atlantic. Therefore, Global Atlantic may see more changes.

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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.

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