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.

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.

The Facts of Life

  • Accordia Life offers indexed universal coverage
  • American Amicable offers final expense insurance
  • Accordia Life rates are cheaper

Accordia Life and American Amicable provide permanent and term life insurance. Comparing Accordia Life vs. American Amicable will show that the rates of the former are cheaper. Both companies have been rated equally by A.M. Best, though Accordia Life has been rated by other major rating agencies.

For information on companies other than Accordia Life and American Amicable, enter your ZIP code to compare life insurance quotes in your area.

Accordia Life vs. American Amicable: What are their monthly rates?

Comparing affordable Accordia Life insurance quotes and affordable American Amicable life insurance quotes will help many people decide between the two providers. The following monthly rate charts show how these two life insurance providers stack up head-to-head.

Accordia Life vs. American Amicable: Male 20-Year Term $250,000 Policy Monthly Rates by Age
CompanyAge 50 Average Monthly RatesAge 60 Average Monthly Rates
Accordia Life$56.07$153.53
American Amicable$87.75$190.35
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The following chart shows the same information for females.

Accordia Life vs. American Amicable: Female 20-Year Term $250,000 Policy Monthly Rates by Age
CompanyAge 50 Average Monthly RatesAge 60 Average Monthly Rates
Accordia Life$40.03$89.25
American Amicable$58.50$136.35
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These charts show that female monthly rates are cheaper than males and that Accordia Life has cheaper monthly rates than American Amicable.

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Accordia Life vs. American Amicable: What are their ratings?

Accordia Life and American Amicable have both been rated on financial strength. The ratings are determined by A.M. Best, Standard and Poor’s (S&P), Moody’s, and Fitch. These ratings determine the financial stability of each company, describing the likelihood they’ll be able to provide a payout when a claim is filed.

Accordia Life insurance has been rated an A by A.M. Best and Fitch, an A- by S&P, and an A3 by Moody’s. These are all considered quality ratings. The rating provided by A.M. Best is described as “excellent” and the others are considered strong.

American Amicable life insurance was rated the same as Accordia Life by A.M. Best, receiving an A rating. While the company received a strong rating from the agency, it has not been rated by S&P, Moody’s, or Fitch.

The ratings provided to both companies show they have the financial strength to provide payouts to customers whenever a claim is filed. Only under the most difficult economic conditions might they have trouble handling their financial responsibilities.

Accordia Life vs. American Amicable: What policies are available?

Accordia Life and American Amicable offer term life and permanent life policies. While they offer very similar policies, there are some differences in their permanent life offerings. Knowing the exact types of policies offered can help you determine which company is right for you.

Accordia Life offers term life policies in 10-, 15-, 20-, 25-, and 30-year terms. The minimum amount of coverage for these policies is $50,000, a lower amount than offered by most competitors. This could be desirable for someone looking for less coverage.

In addition to its term life options, Accordia Life also offers universal life, indexed universal life, and whole life insurance. The primary difference between these offerings is that whole life features a fixed monthly rate, universal life has flexible rates, and indexed universal life rates depend on popular stock indexes.

American Amicable life ins offers term life insurance in 10-, 15-, 20-, 25-, and 30-year terms. Available for those between the ages of 18 and 95, coverage can be obtained between $50,000 and $400,000.

There are multiple types of term life insurance offered by the company. The company’s express term option allows customers to avoid a medical exam. They also offer a group plan up to age 65 that is available for government employees and first responders.

Similar to Accordia Life, American Amicable offers whole life and universal life insurance. A unique feature of its universal life policies is an option of non-medical or fully underwritten. The primary difference is that non-medical universal life policies allow qualification without an exam or bloodwork.

American Amicable also offers final expense coverage for those 50 years and older. This allows the policyholder to create a fund for their final expenses, such as their funeral.

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

In addition to the basic coverages, most life insurance providers offer additional options, known as riders. Some riders are automatically included with a policy but most are optional and can be added on for an additional premium. Accordia Life and American Amicable offer several riders.

Accordia Life and American Amicable include an accelerated death benefits rider with their permanent life policies. This allows a policyholder to access a portion of their policy before death if they have a critical, chronic, or terminal illness. When not included, the accelerated benefits rider can be added for an additional premium.

In addition to the accelerated death benefits rider, Accordia Life offers several optional riders. These riders 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 Amicable include:

  • Total disability
  • Waiver of premium for unemployment
  • Waiver of premium for disability
  • Children’s insurance
  • Accidental death benefit
  • Grandchild insurance
  • Nursing home waiver of premium
  • Children’s insurance agreement
  • Family insurance agreement

As you can see, both life insurance providers offer a wide variety of riders.

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Accordia Life vs. American Amicable: Do they have websites?

Accordia Life and American Amicable have mobile-friendly websites, allowing customers to access policy information. Accordia Life’s website is through its parent company, Global Atlantic.

American Amicable has its own website, showing access to information through an American Amicable agent login and policy owner login portal.

Accordia Life vs. American Amicable: History

In 2004, Goldman Sachs founded Global Atlantic. The company would become independent in 2013. That year, Global Atlantic purchased Aviva USA, renaming it the Accordia Life and Annuity Company and using it as its life insurance subsidiary.

The American Amicable Insurance Company of Texas was originally founded in 1910, providing life insurance to Texans. In 2010, the company was purchased by Industrial Alliance and made its Texas-based life insurance subsidiary.

Accordia Life vs. American Amicable: The Bottom Line

When comparing Accordia Life vs. American Amicable, the right decision depends on your personal preferences. While the companies are similarly rated by A.M. Best, Accordia Life’s rates are less than American Amicable. Knowing what’s most important to you will help you choose the right provider.

Affordable Accordia Life insurance rates and affordable American Amicable life insurance rates are available.

Now that you’ve compared Accordia Life vs. American Amicable, enter your ZIP code to compare the life insurance rates of other providers in your area.

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Frequently Asked Questions: Accordia Life vs. American Amicable

Here are some frequently asked questions about life insurance.

#1 – Can I buy life insurance online?

Accordia Life and American Amicable allow customers to buy life insurance policies through their mobile-friendly websites.

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

While Accordia Life and American Amicable only sell life insurance, their parent companies offer other types of insurance through other subsidiaries.

#3 – What are my payment options?

Accordia Life and American Amicable allow payment by credit card, debit card, automatic bank draft, and check.