Accordia Life Insurance Company

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There is no such thing as one size fits all when it comes to personal finance and insurance.

With that in mind, it’s our goal to help you explore more and more of the best life insurance companies available to help you find the right carrier for your specific needs.

Below is our review of Accordia Life Insurance Company, a lesser-known newcomer to the marketplace.

You can use this overview of the company’s financial strength, products, and features as a starting point as you research your options for life insurance.

Let’s take a closer look at what Accordia Life brings to the table.

Quick Links

  1. History
  2. Ratings
  3. Products
  4. Company Summary

Our Accordia Life Insurance Company Review

Accordia Life Insurance Company logo

To understand Accordia Life’s background, you need a brief history of their parent company, Global Atlantic Financial Group Limited.

Global Atlantic was born out of Goldman Sachs in 2004, growing to host life insurance, annuities, and reinsurance arms within its multi-faceted financial company.

In addition to Accordia, Global Atlantic is also the parent to Forethought and the Commonwealth Re.

The company opted for its independence by disbanding from Goldman Sachs in 2013.

In the same year, it acquired the well known Aviva USA Life, the company from which Accordia was essentially founded.

Today, Accordia and its parent company are thriving, adding to their millions of clients daily.

Across all of its fronts, Global Atlantic is philanthropic, donating to local charities and encouraging employees to volunteer and give with service days and gift matching initiatives.

Accordia continues on with its mission:

… to be a leading retirement, life and reinsurance company, delivering long-term value for our customers and stakeholders.

Financial Strength and Ratings

One of the most important factors to consider as you research life insurance providers is financial strength.

You need to choose a financially stable carrier, one that has the means to pay out your policy as agreed upon, no matter how the economy fluctuates.

Accordia Life has seen success in its short history, growing to nearly $8 billion in assets. Its parent company, Global Atlantic, has more than $45 billion of assets in total.

You can also gauge a company’s financial strength by looking to credit ratings.

Global Atlantic has solid ratings across the board, suggesting the company is in excellent shape.

You can see Global Atlantic’s ratings from each of the major credit rating agencies below:

The scores above are higher than those awarded to several major life insurance companies who are more well known and established.

Based on the carrier’s performance and credit ratings, Accordia is a name you can depend on.


Accordia utilizes term , universal, and indexed universal life insurance.

You can also purchase whole life insurance, namely final expense insurance from Global Atlantic; however, these policies are fulfilled by Forethought rather than Accordia.

While Accordia’s term products aren’t super-competitive with some of the established term giants, their strength lies in their indexed universal products.


Term life insurance is the simplest type of coverage, where you pay a monthly premium in exchange for a specified death benefit.

There is no cash growth, but the cost per thousand is the cheapest when compared to other types of coverage.

With Accordia’s term life insurance, you can choose between ART, or annually renewable term coverage, and 10, 20, and 30-year policies.

Whereas many companies have a minimum of $100,000 on term products, you can get a policy from Accordia for as low as $50,000.

These policies are also convertible and come with several riders, including accidental death, children’s insurance, and waiver of premium.

Universal and Indexed Universal

Once again, Accordia is best-known for its universal product selection, which could be a good option for permanent coverage.

With their simplest universal product, you get two main benefits: versatility and cash accumulation.

Accordia’s universal and indexed universal policies come with a plethora of riders to choose from, allowing you to customize your policy to suit your exact needs.

We’ll get into the specifics of two of its more unique riders, the Wellness For Life Rider and Overloan Protection Rider, in a moment.

Accordia offers two indexed universal life products: the Lifetime Builder Elite and Lifetime Foundation Elite.

The Lifetime Foundation IUL is unique in that it can adjust its death benefit according to the explicit needs of the insured.

Early years can mean more coverage, while future years focuses less on death benefit and more on cash growth.

The Lifetime Builder IUL is designed for those looking for more opportunities for cash growth.

No matter your needs long term, one of these products could be molded to fit your goals.

Wellness for Life and Overloan Protection

As mentioned before, Accordia Life offers two completely unique riders to clients which are truly advantageous.

One of those products is the Wellness For Life Rider.

This particular rider is valuable for individuals who live a healthy lifestyle, providing them with extra policy benefits and lower costs on premiums, which, in turn, increase cash in the long run.

Another intriguing rider, the Overloan Protection Rider is an extra cushion designed to keep a policy from going under if too much cash has been accessed.

These valuable add-ons can take your coverage to the next level, providing you with rewards and safeguards geared towards saving you money.


There’s a lot to praise when you look at Accordia Life.

Here are a few reasons to partner with the carrier for your family’s life insurance needs:

  • Financial strength: Accordia and Global Atlantic have a slew of high credit ratings backing their business, and their outlook for the future is strong.
  • Product lineup: While Accordia lacks whole life insurance, their selection of term and universal options offers a variety of flexible life insurance solutions.
  • Riders: Accordia also offers an impressive selection of riders so you can tailor your policy to your needs, with some standout riders not offered by other carriers.
  • Indexed policies: Accordia’s indexed universal life insurance is worth a closer look if you’re considering this type of coverage as it’s highly affordable and adaptable.


Like any provider, Accordia is not without its shortcomings.

Along with the positive attributes above, you should consider the potentially negative consequences of choosing Accordia as your provider.

  • No whole life: Accordia lacks a whole life insurance product. While you can get a final expense policy through Forethought from Global Atlantic, it won’t meet more substantial permanent coverage needs.
  • Application process: While some providers allow you to apply easily online, clearly outlining the underwriting process, Global Atlantic prompts you to speak with your own life insurance professional for details on applying.
  • Negative reviews: Accordia has an exceptional amount of negative consumer reviews, suggesting their customer service and communication are lacking.

Final Thoughts

If you’re looking for term life insurance, Accordia Life probably isn’t your best choice.

You’d fare better with a provider that specializes in affordable term life insurance, and may even be able to secure coverage in a matter of minutes without a medical exam.

However, if you are looking for solutions to meet your IUL needs, Accordia just might be the carrier for you.

As always, be sure to compare all of your options before making a decision, especially as you consider a long-term product like indexed universal life insurance.

Step one to securing the best rates and coverage is getting quotes today.

Accordia Life Insurance Company

(877) 462-8992
P.O. Box 305030
Nashville, TN 37214

Company Name (and subsidiaries)

  • Global Atlantic Financial Group Limited (Parent)
  • First Allmerica Financial Life Insurance Company (NY)


Jason Fisher

Jason Fisher is the founder and CEO of, LLC. and a multi-state licensed life insurance agent who has helped over a million Americans seek out affordable coverage, compare quotes, or get their family and businesses covered.