Accordia Life vs. Assurity: Top Life Insurance in 2024
Compare Accordia vs. Assurity insurance below by learning about each company's products, rates, industry ratings, and more. The companies' products and rates are significantly different. Accordia and Assurity both have excellent financial strength ratings from A.M. Best, but Assurity may have better customer service.
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Leslie Kasperowicz
Farmers CSR for 4 Years
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 insur...
Farmers CSR for 4 Years
UPDATED: Mar 25, 2024
It’s all about you. We want to help you make the right life insurance coverage choices.
Advertiser Disclosure: We strive to help you make confident life insurance decisions. Comparison shopping should be easy. We are not affiliated with any one life insurance provider and cannot guarantee quotes from any single provider.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different life insurance companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about life insurance. Our goal is to be an objective, third-party resource for everything life insurance-related. We update our site regularly, and all content is reviewed by life insurance experts.
UPDATED: Mar 25, 2024
It’s all about you. We want to help you make the right life insurance coverage choices.
Advertiser Disclosure: We strive to help you make confident life insurance decisions. Comparison shopping should be easy. We are not affiliated with any one life insurance provider and cannot guarantee quotes from any single provider.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different life insurance companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
On This Page
- Accordia Life provides indexed universal life insurance and pre-need insurance, while Assurity offers term life insurance, whole life insurance, and universal life insurance
- Assurity has a significantly better NAIC complaint index score than Accordia, meaning it may have happier customers
- Each company has an excellent ability to meet its financial obligations according to A.M. Best
If you’re searching for the best life insurance companies, you may have come across Accordia Life and Annuity Company and Assurity Life Insurance Company.
Our Accordia Life vs. Assurity Life insurance company review will compare the two companies below.
Global Atlantic owns Accordia Life. It focuses on selling indexed universal life insurance and various annuities, while Assurity offers a broader selection of life insurance products.
Learn more about Accordia Life vs. Assurity life insurance below, but don’t forget to enter your ZIP code to compare life insurance quotes from companies in your area before you begin.
What life insurance products do Accordia Life and Assurity offer?
Let’s begin by comparing affordable Accordia Life vs. Assurity life insurance products.
Accordia Life Insurance Products
Accordia Life has two life insurance products — indexed universal life insurance and pre-need life insurance.
Indexed universal life insurance is a type of permanent life insurance that has a cash value component. The money put into the account grows in cash value based on the value of a major index.
Accordia’s three indexed universal life insurance policies are called Lifetime Foundation ELITE, Lifetime Builder ELITE, and Global Accumulator.
Lifetime Foundation ELITE is Accordia’s basic indexed universal life insurance policy. As long as premiums are paid, the policy will last up to 40 years (or age 90, whichever comes first).
There are seven interest crediting strategies to choose from. Lifetime Builder ELITE offers greater growth potential. It also allows the policyholder to access the cash value of their policy during their lifetime if needed.
Global Accumulator has six interest crediting strategies to choose from. The policyholder can also add two SMART Buy-Up options for an extra fee.
Pre-need life insurance is a type of whole life insurance that allows the policyholder to plan their funeral and make the funeral home the policy’s beneficiary.
The death benefit on the policy is the exact amount needed to pay for the policyholders’ desired funeral services.
Global Atlantic, the parent company of Accordia Life, also offers fixed annuities, fixed index annuities, variable annuities, and income annuities.
Read more:
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Assurity Life Insurance Products
Assurity sells term life insurance, whole life insurance, and universal life insurance.
Term life insurance is a type of life insurance that provides coverage for a specified amount of time.
Assurity identifies the benefits of term life insurance as a guaranteed death benefit, lower cost, and stable premiums. It is also convertible to a permanent policy.
Whole life insurance is permanent life insurance that builds cash value. Assurity’s products have stable premiums and living benefits. They may also pay dividends.
Universal life insurance is also permanent life insurance that builds cash value. The premiums can be adjusted, which makes them more flexible than other types of life insurance.
Assurity also offers disability insurance, accidental death insurance, critical illness insurance, and annuities.
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Which company has better life insurance rates?
Let’s compare Accordia Life vs. Assurity life insurance rates.
First, let’s look at average monthly Accordia Life insurance rates.
Accordia Life Average Monthly Universal Life Insurance Rates by Age and Gender| Age | Accordia Average Monthly Male Life Insurance Rates | Accordia Average Monthly Female Life Insurance 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 |
Now, let’s look at some sample whole life insurance rates for men comparing Assurity to some other top companies.
$30,000 Whole Life Insurance Average Monthly Rates by Age and Company for Men| Company | Age 50 Average Monthly Rates | Age 60 Average Monthly Rates | Age 70 Average Monthly Rates | Age 80 Average Monthly Rates |
|---|---|---|---|---|
| Assurity | $82.06 | $120.55 | $214.75 | $462.30 |
| Mutual of Omaha | $81.06 | $121.86 | $214.69 | $391.56 |
| Americo | $88.59 | $123.44 | $211.19 | $429.36 |
| Liberty Bankers Life | $82.27 | $128.14 | $210.67 | $431.14 |
| Phoenix | $82.17 | $121.53 | $209.94 | $432.47 |
| American-Amicable | $87.12 | $132.00 | $224.43 | $448.80 |
| United Home Life | $84.35 | $125.38 | $215.19 | $407.10 |
| Settlers | $94.35 | $135.92 | $218.54 | $461.81 |
| Transamerica | $85.04 | $124.29 | $216.83 | NA |
| Foresters | $89.70 | $129.26 | $212.42 | $433.91 |
Read more: Liberty Bankers Life Insurance Review
As you can see, Assurity’s rates are reasonable, though it is not the cheapest option out there.
Finally, let’s look at some sample whole life insurance rates for women comparing Assurity to some other top companies:
$30,000 Whole Life Insurance Sample Monthly Rates by Age and Company for Women| Company | Age 50 Sample Monthly Rates | Age 60 Sample Monthly Rates | Age 70 Sample Monthly Rates | Age 80 Sample Monthly Rates |
|---|---|---|---|---|
| Assurity | $72.05 | $99.83 | $164.82 | $337.27 |
| Mutual of Omaha | $67.60 | $92.20 | $153.31 | $288.89 |
| Americo | $66.07 | $94.20 | $152.68 | $330.72 |
| Liberty Bankers Life | $67.45 | $94.76 | $155.11 | $318.23 |
| Phoenix | $71.61 | $101.10 | $157.49 | $322.43 |
| American-Amicable | $72.60 | $106.39 | $170.81 | $326.04 |
| United Home Life | $69.47 | $97.55 | $148.71 | $305.13 |
| Settlers | $78.03 | $109.14 | $167.28 | $340.43 |
| Transamerica | $68.82 | $94.02 | $154.84 | NA |
| Foresters | $71.85 | $99.93 | $153.96 | $326.94 |
Remember that life insurance rates will vary based on many different factors, including your age, health, location, and more. The type of life insurance will also affect your rates.
Which company has better industry ratings?
Accordia Life has an A rating from A.M. Best, meaning it has an excellent ability to meet its financial obligations. The company also has an A rating from the Better Business Bureau (BBB).
With only 12 reviews on the BBB website, Accordia has a customer rating of one out of five stars.
Accordia has an NAIC complaint index score of 3.76, which means it gets significantly more complaints than other companies of a similar size.
Assurity has an A- rating from A.M. Best, meaning it also has an excellent ability to meet its financial obligations. The company also has an A+ rating from the BBB.
With only one review on the BBB website, Assurity also has a customer rating of one out of five stars.
Assurity has an NAIC complaint index score of 0.19, which means it gets significantly fewer complaints than companies of a similar size.
How can I get life insurance quotes or file claims?
Unfortunately, you cannot compare Accordia Life vs. Assurity Life insurance quotes online. Accordia Life directs its website visitors to speak with an insurance agent.
Assurity also sells its products through agents, but you can also try calling (800) 869-0355 to get a quote or find an agent who sells its products.
To file a claim, Accordia life insurance customers can call (877) 462-8992. Pre-need insurance customers can call (800) 331-8853. Accordia provides the necessary forms on its website.
Assurity life insurance customers can call (800) 869-0355 x4484 to file a claim.
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How can I contact Accordia Life and Assurity?
To contact Accordia Life, life insurance customers can call (877) 462-8992. Pre-need insurance customers can call (800) 331-8853 or email [email protected].
The mailing address for life insurance customers is Global Atlantic, Davis Brown Tower, 215 10th Street, 11th Floor, Des Moines, IA 50309.
The mailing address for pre-need insurance customers is Global Atlantic, One Forethought Center, Batesville, IN 47006.
To contact Assurity, life insurance customers can call (800) 869-0355 x4279 or email [email protected].
The Assurity website also allows visitors to send a secured email. Assurity’s mailing address is Assurity Life Insurance Company, PO Box 82533, Lincoln, NE 68501.
Accordia Life vs. Assurity: The Bottom Line
One of the most significant factors in choosing a life insurance company is the products offered. Accordia Life and Assurity provide different products.
For example, if you’re looking for indexed universal life insurance, you would have to choose Accordia. However, if you’re looking for term life insurance, you would have to choose Assurity.
Based on the NAIC complaint index, Assurity may have better customer service or have a better claims process. Both companies have good financial ratings.
Hopefully, this article helped you decide whether to buy Accordia Life vs. Assurity life insurance. Enter your ZIP code into our free quote comparison tool below to find affordable life insurance today.
Your one-stop online guide for life insurance quotes. Get free quotes now!
Secured with SHA-256 Encryption
Leslie Kasperowicz
Farmers CSR for 4 Years
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 insur...
Farmers CSR for 4 Years
Editorial Guidelines: We are a free online resource for anyone interested in learning more about life insurance. Our goal is to be an objective, third-party resource for everything life insurance-related. We update our site regularly, and all content is reviewed by life insurance experts.