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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Benjamin Carr was a licensed insurance agent in Georgia and has two years' experience in life, health, property and casualty coverage. He has worked with State Farm and other risk management firms. He is also a strategic writer and editor with a background in branding, marketing, and quality assurance. He has been in military newsrooms — literally on the frontline of journalism.

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Reviewed by Benji Carr
Former Licensed Life Insurance Agent

UPDATED: Mar 18, 2021

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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 life insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from top 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.

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The Facts of Life

  • American National offers variable universal life insurance
  • American National received fewer customer complaints
  • Both are highly rated by A.M. Best and Standard and Poor’s

Accordia Life and American National offer nearly identical permanent and term life insurance policies.

When comparing Accordia Life vs. American National, you’ll find that the latter has been rated slightly higher by Standard and Poor’s, has fewer customer complaints, and has an additional universal life offering.

To find information on providers other than Accordia Life and American National, enter your ZIP code to find the best life insurance quotes in your area.

Accordia Life vs. American National: What are their financial strength ratings?

Life insurance ratings determine the likelihood that a provider can handle payouts when a claim is filed.

The most trusted rating agencies include A.M. Best, Standard and Poor’s (S&P), Fitch, and Moody’s. Examining these ratings helps customers determine if their chosen provider can be trusted when filing a claim.

Accordia Life insurance received an “A” by A.M. Best and Fitch, an “A-” by S&P, and an “A3” by Moody’s. These are considered excellent or upper-medium grades, showing the company’s financial strength. The S&P grade says that Accordia Life could be susceptible in difficult economic conditions.

The American National Insurance Company received an “A” by A.M. Best and S&P. While A.M. Best rates its financial strength the same as Accordia Life, S&P states that the provider is more capable of handling difficult economic conditions. American National was not rated by Fitch or Moody’s.

While differing slightly, these ratings should assure customers that both companies are financially strong. If a claim is required in the future, both companies will be able to provide a payout.

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Accordia Life vs. American National: Do they have any complaints?

The Better Business Bureau (BBB) and the National Association of Insurance Commissioners (NAIC) allow current and former customers of life insurance providers to list complaints about the companies.

These complaints help potential customers determine the quality of service they’ll receive.

At the time of this comparison, the BBB has received 45 complaints about the Accordia Life and Annuity Company. The provider also has a complaint ratio of 4.53, according to the NAIC. The national average is 1.00, making this ratio much higher than most competitors.

According to the BBB, American National has received 18 complaints in the past three years. These complaints have been almost entirely regarding products and services. The provider’s NAIC complaint ratio is 0.34, lower than the average for companies of its size.

While American National has fewer complaints than Accordia Life, reading through the individual complaints will help to determine if they should be a concern.

Accordia Life vs. American National: What policies do they offer?

Accordia Life and American National offer very similar life insurance policies. These include term life, universal life, indexed universal life, and whole life insurance.

The primary difference is that American National also offers a variable universal life insurance policy, an option missing from Accordia Life’s selection.

The providers offer nearly identical term life offerings, available in 10, 15, 20, 25, and 30-year terms. The starting value of $50,000 is half the amount of most competitors, a benefit for those looking for less coverage or lower rates.

The two competitors also offer similar permanent coverages. This includes whole life, universal life, and indexed universal life insurance.

Whole life features fixed premiums, universal life offers flexible premiums, and indexed universal life features a cash value that can grow based on popular stock indexes.

The only difference between the policy offerings is that American National offers variable universal life while Accordia Life doesn’t. Variable universal life insurance allows policyholders to build cash value that can be invested in separate accounts, similar to mutual funds.

Accordia Life vs. American National: What riders are available?

In addition to their basic policies, most life insurance providers also offer options that can be added to a policy.

Known as riders, these options can be automatically included with a policy at no extra cost or added as an option for an additional premium. Accordia Life and American National offer a variety of riders.

The industry’s most common rider is the accelerated death benefits rider.

This allows a policyholder to access a portion of the death benefit before death. Accordia Life and American National include this rider automatically with their permanent life policies, a common inclusion by life insurance providers.

In addition to the accelerated death benefits rider, several other riders are offered for an additional premium. Optional riders offered by Accordia Life include:

  • Primary insured
  • Additional insured
  • Guaranteed purchase options
  • Children’s insurance
  • Accidental death benefit
  • Waiver of monthly deduction
  • Waiver of a specified premium

Optional riders offered by American National include:

  • Disability waivers
  • Extending coverage
  • Children’s insurance

Accordia Life offers more optional riders than most competitors, including American National.

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Accordia Life vs. American National: The Bottom Line

While Accordia Life and American National are rated similarly, American National has fewer complaints and an additional permanent life option. Accordia Life has more riders that can be added to policies.

Comparing Accordia life vs. American National will help you find the right company for your needs.

Finding affordable Accordia Life insurance rates and affordable American National life insurance rates is possible.

Now that you’ve compared Accordia Life vs. American National, enter your ZIP code to find the best life insurance rates in your area.

Frequently Asked Questions

Here are the answers to some frequently asked questions.

#1 – What is a death benefit?

The death benefit of a life insurance policy is the money that will be paid to your beneficiaries after your death.

#2 – Can I buy life insurance online?

Accordia Life and American National allow customers to apply, receive approval, and make payments online via their websites. American National also offers a mobile app that allows customers to make payments.

#3 – How can I buy other types of insurance?

Accordia Life only sells life insurance but other types of insurance can be bought through subsidiaries of its parent company, Global Atlantic. American National sells various types of coverage, including life, health, auto, homeowners, and renters insurance.