Accordia Life Insurance Review & Complaints

Accordia Life only offers indexed universal life insurance through its parent company Global Atlantic Financial Group. There are three different levels of coverage and all have a tax-free death benefit. While Accordia Life and Annuity Company has excellent financial ratings, it seems to have poor customer satisfaction ratings.

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D. Gilson is a writer and author of essays, poetry, and scholarship that explore the relationship between popular culture, literature, sexuality, and memoir. His latest book is Jesus Freak, with Will Stockton, part of Bloomsbury’s 33 1/3 Series. His other books include I Will Say This Exactly One Time and Crush. His first chapbook, Catch & Release, won the 2012 Robin Becker Prize from Seve...

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Leslie Kasperowicz holds a BA in Social Sciences from the University of Winnipeg. She spent several years as a Farmers Insurance CSR, gaining a solid understanding of insurance products including home, life, auto, and commercial and working directly with insurance customers to understand their needs. She has since used that knowledge in her more than ten years as a writer, largely in the insuranc...

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Reviewed by Leslie Kasperowicz
Farmers CSR for 4 Years

UPDATED: Apr 19, 2021

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The Highlights

  • Accordia Life and Annuity Company offers indexed universal life insurance
  • Accordia Life is a subsidiary of Global Atlantic Financial Group
  • Although financial ratings are excellent, Accordia’s customer service ratings are not very good

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

Although you can’t get Accordia Life insurance quotes online, you can get 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?

Accordia life insurance offerings are minimal. In fact, there is only one option. The company only offers indexed universal life insurance.

Universal life insurance is a permanent policy that allows you to earn interest, or cash value, while your policy is active. This interest can then be used to pay for your policy or cashed out.

Indexed universal life insurance allows for flexible earning based on a credit index. The insured can then pick what type of account to assign the cash value of the policy. This allows for more growth than a traditional universal life insurance policy.

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

  • Lifetime Foundation ELITE
  • Lifetime Builder ELITE
  • Global Accumulator

The death benefit is tax-free as well, no matter which level you choose.

In the past, Accordia offered other types of insurance, such as term and universal life, but now only offers indexed universal life through Global Atlantic.

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What Life Insurance Rates Are Offered by Accordia Life and Annuity Company?

Many different factors affect your life insurance rates. Your Accordia Life insurance rates will be based on such factors as your age, gender, medical history, and habits.

This table shows you the average monthly rates for a non-smoker. Rates for smokers will generally be more expensive.

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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You can see that adding Accordia life insurance is pretty inexpensive, and females’ rates are generally lower than rates for males. Speak with an agent to determine if this is the right type of life insurance for you.

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 depend 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.

The Better Business Bureau (BBB) gives Accordia Life an A ranking, but the company is not accredited. It’s also important to note that reviews listed on the BBB website are all negative and mainly revolve around customer service and billing.

It should also be noted that there is currently a class-action lawsuit against Accordia regarding administering life insurance policies.

What Is the History of the Accordia Life and Annuity Company?

The Accordia Life and Annuity Company is only about five years old. Before 2015, Accordia was known as Aviva USA Life. Once Aviva was acquired by parent company Global Atlantic, Accordia Life was created.

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

You can reach customer service or file a claim with Accordia Life by calling (877) 462-8992. There does not appear to be a way to chat with customer service or file a claim on the website.

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Accordia Life and Annuity Company: What’s the Bottom Line?

Although you may be able to find affordable Accordia Life insurance, you might be taking a gamble. While the Accordia Life and Annuity Company’s financial ratings are excellent, there are some significant concerns about customer service and the policies’ servicing.

Now that you’ve learned about Accordia Life shop around and compare other companies to see which one fits you best. Enter your ZIP code now to compare indexed universal life insurance from multiple companies today.

Are you looking for free insurance quotes?

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