Accordia Life vs. Principal: Top Life Insurance in 2024
In a life insurance company comparison of Accordia Life vs. Principal, Principal came out on top. They offer more affordable rates than Accordia Life and also have a higher A.M. Best rating. Principal also offers dental insurance. Read on to compare the qualities of Accordia Life vs. Principal life insurance.
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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 11, 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 11, 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
- Principal Life Insurance offers more affordable rates to men of various ages than Accordia Life and Annuity Company
- Principal Insurance offers more affordable rates to women of various ages than Accordia Life Insurance
- Principal Insurance is more well-reviewed than Accordia Life by both A.M. Best and the Better Business Bureau
One thing that makes life insurance company comparison difficult is the number of options. For the sake of simplicity, we’ll be focusing on Accordia Life vs. Principal today.
If a medical exam has been holding you back from choosing a life insurance company, keep in mind that Accordia Life is actually a no-medical-exam term life insurance company.
Before jumping into this Accordia Life vs. Principal life insurance review, type your ZIP code into our free and helpful tool above to find affordable life insurance quotes in your area.
Accordia Life vs. Principal: Which company offers more affordable rates to men?
When setting out to compare life insurance companies, it’s logical to start with what’s most important. For the majority of people, that’s a company’s pricing.
We’re now going to look at a table that shows the rates for multiple forms of coverage (not every major life insurance company offers the same forms of coverage) offered to men of several different age groups.
| Companies | Product | Male Age: 30 Average Monthly Rates | Male Age: 35 Average Monthly Rates | Male Age: 40 Average Monthly Rates | Male Age: 45 Average Monthly Rates | Male Age: 50 Average Monthly Rates | Male Age: 55 Average Monthly Rates | Male Age: 60 Average Monthly Rates | Male Age: 65 Average Monthly Rates | Male Age: 70 Average Monthly Rates | Male Age: 75 Average Monthly Rates | Male Age: 80 Average Monthly Rates |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| AIG | Term life | > $27 | N/A | N/A | N/A | >$30 | $29.45 | $32.58 | $43.08 | $50.49 | $70.28 | $124.22 |
| Accordia Life | Term Life | $16.91 | N/A | $23.36 | N/A | $56.07 | N/A | $128.84 | N/A | N/A | N/A | N/A |
| ANICO | Signature Term | $12.53 | $12.96 | $15.98 | $22.68 | $31.75 | $47.30 | $76.25 | $132.19 | $227.88 | NA | NA |
| Assurity | Term Life | $16.31 | $16.31 | $21.32 | $28.49 | $43.07 | $62.64 | $100.05 | $153.99 | $245.78 | $465.67 | NA |
| Banner | OPTerm | $12.68 | $13.33 | $17.71 | $22.10 | $32.90 | $45.99 | $73.81 | $123.03 | $211.06 | $399.22 | NA |
| Cincinnat | Termsetter | $13.42 | $14.96 | $18.70 | $22.88 | $32.56 | $49.50 | $78.98 | $140.36 | $257.40 | $456.94 | NA |
| Fidelity Life | Term Life | $19.14 | NA | $25.01 | NA | $54.59 | NA | $73.92 | NA | NA | NA | NA |
| John Hancock | Vitality Term | $14.09 | $14.24 | $16.96 | $22.14 | $28.41 | $43.04 | $68.14 | $117.04 | $245.79 | $455.46 | $849.79 |
| Liberty Mutual | Term Life | $33.75 | NA | $55.13 | NA | $144.68 | NA | $399.83 | NA | NA | NA | NA |
| Lincoln National | Term Accel | $12.34 | $12.63 | $15.22 | $21.84 | $30.96 | $46.75 | $71.95 | NA | NA | NA | NA |
| MassMutual | Vantage Term | $13.28 | $13.48 | $16.98 | $24.58 | $35.03 | $53.50 | $82.65 | $147.03 | $256.00 | $478.08 | NA |
| Minnesota Life | Advantage Elite | $13.46 | $13.99 | $17.95 | $25.87 | $36.56 | NA | NA | NA | NA | NA | NA |
| Mutual of Omaha | Term Life Answers | $13.33 | $14.19 | $19.35 | $23.22 | $33.33 | $50.31 | $80.84 | $148.35 | $274.13 | $525.68 | $908.38 |
| Nassau Life | Term Life | $17.43 | NA | $26.15 | NA | $51.69 | NA | $119.78 | NA | NA | NA | NA |
| Nationwide | YourLife | $13.56 | $13.56 | $16.41 | $22.97 | $32.59 | $47.91 | $86.41 | $152.03 | $260.97 | NA | NA |
| North American | ADDvantage | $12.98 | $13.20 | $16.50 | $22.88 | $31.90 | $48.40 | $77.44 | $133.98 | NA | NA | NA |
| Pacific Life | Promise Term | $12.32 | $12.32 | $15.59 | $21.85 | $30.09 | $45.46 | $69.89 | $123.04 | $211.07 | $399.24 | $874.22 |
| Principal | Term Insurance | $12.69 | $12.69 | $15.80 | $23.05 | $31.15 | $45.65 | $71.97 | $126.66 | $217.44 | $410.99 | $902.78 |
| Protective | Classic Choice | $11.62 | $11.83 | $14.78 | $21.32 | $30.07 | $45.47 | $69.90 | $124.33 | $211.07 | $399.24 | NA |
| Protective | Custom Choice UL | $11.87 | $12.08 | $15.10 | $21.77 | $31.46 | $47.82 | $73.23 | $131.78 | NA | NA | NA |
| Prudential | Term Essentials | $21.88 | $21.88 | $25.60 | $28.66 | $38.07 | $50.75 | $79.41 | $142.85 | $259.88 | $508.82 | NA |
| Sagicor | Accelerwriting Term | $12.60 | $12.75 | $17.07 | $22.27 | $43.59 | $65.49 | $103.05 | $172.65 | $313.06 | $510.40 | NA |
| SBLI | Level Term | $11.80 | $12.07 | $14.53 | $20.96 | $31.88 | $48.12 | $75.61 | $129.70 | $225.74 | NA | NA |
| Symetra | Term 3.0 | $12.91 | $12.91 | $16.19 | $23.84 | $33.21 | $51.54 | $83.77 | $140.57 | $239.27 | $440.78 | $969.72 |
| Transamerica | Trendsetter Super | $12.47 | $13.33 | $18.71 | $24.30 | $37.41 | $55.90 | $86.86 | $161.04 | $221.67 | $410.65 | $884.51 |
| Transamerica | Trendsetter LB | $13.33 | $14.62 | $20.21 | $27.09 | $40.21 | $64.29 | $101.91 | $176.30 | $302.94 | $490.63 | $1072.64 |
When comparing affordable Accordia Life vs. Principal”}” data-sheets-userformat=”{“2″:12993,”3”:{“1″:0},”9″:1,”10″:1,”12″:0,”15″:”Arial”,”16″:8}”>Accordia Life vs. Principal life insurance rates, you can see that for men in their 30s and 40s, the companies’ rates are comparable, but Principal has the edge on affordability.
For men in their 50s, the disparity grows even more, as Accordia Life is almost $25 more expensive per month than Principal. Finally, for those men who are in their 60s, Principal is almost $57 cheaper per month than Accordia Life.
In short, it’s very safe to say that Principal Life Insurance Company wins in terms of the rates offered to men of various ages. Let’s move on and see if this holds true in terms of the rates offered to women.
Read more:
- Accordia Life vs. Prudential: Top Life Insurance
- Accordia Life vs. Sagicor: Top Life Insurance
- Accordia Life vs. SBLI: Top Life Insurance
- Accordia Life vs. State Farm: Top Life Insurance
- Accordia Life vs. Transamerica: Top Life Insurance
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Accordia Life vs. Principal: Which company offers more affordable rates to women?
The table below compares Accordia Life vs. Principal life insurance quotes for women, stacked up against those from other life insurance companies.
Sample Average Monthly Life Insurance Rates by Company and Product for Women
Companies Product Female Age: 30 Average Monthly Rates Female Age: 35 Average Monthly Rates Female Age: 40 Average Monthly Rates Female Age: 45 Average Monthly Rates Female Age: 50 Average Monthly Rates Female Age: 55 Average Monthly Rates Female Age: 60 Average Monthly Rates Female Age: 65 Average Monthly Rates Female Age: 70 Average Monthly Rates Female Age: 75 Average Monthly Rates Female Age: 80 Average Monthly Rates
Accordia Life Term Life $15.58 N/A $20.69 N/A $40.03 N/A $89.25 N/A N/A N/A N/A
AIG Select-A-Term $11.07 $11.54 $15.19 $20.23 $27.41 $38.05 $56.86 $94.95 $165.86 $273.97 $640.78
ANICO Signature Term $11.88 $12.53 $14.90 $19.87 $27.22 $37.15 $55.94 $84.67 $147.96 N/A N/A
Assurity Term Life $11.09 $13.92 $17.84 $23.06 $34.15 $49.37 $72.65 $112.88 $182.05 $336.47 N/A
Banner OPTerm $10.37 $11.93 $14.62 $19.09 $27.30 $40.63 $63.64 $118.47 $191.71 $357.33 N/A
Cincinnati Termsetter $12.98 $14.96 $16.72 $20.46 $27.28 $38.06 $56.76 $91.74 $154.44 $306.46 N/A
Fidelity Life Term Life $16.10 N/A $22.62 N/A $45.68 N/A $58.32 N/A N/A N/A N/A
John Hancock Vitality Term $12.39 $12.61 $14.86 $20.09 $23.86 $37.73 $50.94 $83.61 $176.04 $369.26 $843.44
Liberty Mutual Term Accel $10.51 $11.05 $13.70 $18.93 $25.86 $35.44 $51.35 N/A N/A N/A N/A
Lincoln National LifeElements $16.10 $16.63 $21.22 $28.22 $37.41 $50.75 $74.81 $112.44 $199.06 $371.83 $655.77
MassMutual Vantage Term $11.98 $12.63 $15.23 $21.98 $29.15 $40.25 $58.73 $92.45 $151.38 $318.85 NA
Minnesota Life Advantage Elite $12.67 $12.67 $16.10 $23.23 $30.89 NA NA NA NA NA NA
Mutual of Omaha Term Life Answers $11.61 $12.90 $16.56 $20.21 $27.31 $38.27 $57.19 $98.47 $169.42 $365.50 $704.13
Nassau Life Term Life $16.14 NA $22.52 NA $42.11 NA $89.06 NA NA NA NA
Nationwide YourLife $13.34 $13.34 $16.19 $20.13 $27.13 $37.19 $61.69 $95.16 $153.56 NA NA
North American ADDvantage $11.66 $12.10 $14.96 $20.02 $26.62 $37.62 $54.34 $85.80 $138.82 $281.60 NA
Pacific Life Promise Term $10.82 $11.47 $14.24 $19.10 $25.16 $34.42 $49.88 $80.43 $131.35 $270.85 $637.03
Principal Term Insurance $11.27 $11.33 $14.39 $19.43 $25.94 $35.48 $51.41 $79.28 $128.06 $272.34 $655.16
Protective Classic Choice $10.43 $10.78 $13.31 $18.64 $25.12 $34.43 $49.88 $80.43 $131.36 $270.86 NA
Protective Custom Choice UL $10.79 $11.01 $13.59 $19.62 $26.29 $35.77 $52.26 $82.27 $134.16 $284.43 NA
Prudential Term Essentials $17.72 $18.16 $21.22 $28.22 $37.63 $41.35 $59.07 $94.72 $159.03 $309.32 NA
Sagicor Accelerwriting Term $10.95 $11.22 $15.10 $20.43 $36.75 $48.64 $63.78 $108.79 $212.88 $366.31 NA
SBLI Level Term $10.38 $10.65 $13.08 $18.85 $26.72 $36.34 $53.85 $90.13 $161.65 NA NA
Symetra Term 3.0 $11.81 $11.81 $14.39 $19.91 $25.94 $38.06 $52.97 $85.97 $138.25 $273.88 $692.34
Transamerica Trendsetter Super $11.18 $12.26 $16.34 $20.86 $29.89 $47.09 $71.81 $130.94 $207.05 $312.18 $750.14
Transamerica Trendsetter LB $12.26 $13.12 $17.63 $22.36 $32.25 $49.24 $81.06 $143.62 $241.33 $389.37 $887.74
For women in their 30s and 40s, these two companies’ rates are again close. However, just like in the last section, you would be saving a little bit of money if you were to buy Principal life insurance
Females in their 50s will see their Accordia Life Insurance quotes cost about $14 more per month than Principal.
The disparity jumps more for women in their 60s as Principal is almost $38 cheaper per month than Accordia Life.
So, yet again, Principal wins. Let’s wrap up with company ratings and see if Principal can sweep this thing.
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Which company is more well-reviewed?
Before we part ways, we feel the need to stress the importance of company ratings from organizations such as A.M. Best and the Better Business Bureau (BBB).
Consumers see positive ratings from these organizations as assurance that a life insurance company can meet their needs.
The Better Business Bureau’s rating scale goes from the highest score of “A+” down to the lowest score of “F.”
Accordia Life received the Better Business Bureau’s second-highest possible rating of “A” but they don’t hold accreditation.
Principal Life Insurance received the highest possible rating of “A+” but also lacks BBB accreditation.
A.M. Best’s Financial Strength Rating (FSR) scale is slightly different in that it ranges from “A++” down to “D.” Not to mention, there are actually two different scales.
Accordia Life received an FSR of “A-” from A.M. Best. How did Principal do in terms of A.M. Best’s Financial Strength Rating scale? Principal scored an even better rating of “A+.”
A.M. Best also has what is called Long-Term Issuer Credit Ratings (Long-Term ICR). This rating is focused on a company’s financial future.
A Long-Term ICR can be issued on a long-term basis or short-term basis. This scale goes from the high end of “aaa” down to the low end of “c.”
Accordia Life scored an A.M. Best Long-Term Issuer Credit Rating of “a” and Principal again received an even higher rating of “aa.”
Should you buy Accordia Life vs. Principal life insurance? In short, you have two excellent options here, but Principal certainly rises above Accordia Life.
Now that you’ve finished this Accordia Life vs. Principal review, type your ZIP code into our free and helpful tool below. You will be able to find all of the cheapest life insurance quotes offered in your local area.
Frequently Asked Questions: Accordia Life vs. Principal
What follows is a frequently asked question about Accordia Life and Principal.
#1 – Does either of these companies offer dental insurance?
Principal dental insurance is available to their insured.
Your one-stop online guide for life insurance quotes. Get free quotes now!
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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
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.