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...

Full Bio →

Written by

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.

Full Bio →

Reviewed by Benji Carr
Former Licensed Life Insurance Agent

UPDATED: Mar 26, 2021

Advertiser Disclosure

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 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

  • Cincinnati has lower monthly rates than Accordia Life
  • Cincinnati has higher ratings than Accordia Life
  • Accordia Life offers more riders than Cincinnati

Accordia Life and Cincinnati offer similar products, including whole life, universal life, and term life insurance policies.

The difference is that Accordia Life offers indexed universal coverage while Cincinnati offers disability income insurance. Comparing Accordia Life vs. Cincinnati will help you determine which provider is right for you.

For information on companies other than Accordia Life and Cincinnati, enter your ZIP code to find the best life insurance quotes in your area.

Accordia Life vs. Cincinnati: What are their monthly rates?

For some customers, the monthly rates of each provider will be a primary determining factor when it comes to choosing a company.

Accordia Life insurance rates and Cincinnati life insurance rates are cheaper than most of their competitors and are quite similar. The following charts will allow you to compare the monthly rates of these two life insurance companies.

Accordia Life vs. Cincinnati: Male 20-Year Term $250,000 Policy Monthly Rates by Age
CompanyAge 30 Average Monthly RatesAge 40 Average Monthly RatesAge 50 Average Monthly Rates
Accordia Life$16.91$23.36$56.07
Get Your Rates Quote Now
Compare RatesStart Now →

The following chart shows the same information for females.

Accordia Life vs. Cincinnati: Female 20-Year Term $250,000 Policy Monthly Rates by Age
CompanyAge 30 Average Monthly RatesAge 40 Average Monthly RatesAge 50 Average Monthly Rates
Accordia Life$15.58$20.69$41.83
Get Your Rates Quote Now
Compare RatesStart Now →

As you can see, Cincinnati’s rates are slightly lower than Accordia Life’s rates, and female rates are lower than male rates.

Enter your ZIP code below to compare cheap life insurance rates.

 Secured with SHA-256 Encryption

Accordia Life vs. Cincinnati: What are their ratings?

Accordia Life and Cincinnati have been rated by the most trusted credit rating agencies, including A.M. Best, Standard and Poor’s (S&P), Fitch, and Moody’s. These ratings allow customers to determine the financial strength of the companies, ensuring they will receive a payout when a claim is filed.

Accordia Life has been rated an “A” by A.M. Best and Fitch, an “A-” by S&P, and an “A3” by Moody’s. These ratings are considered strong but are not at the top of the scale. S&P’s rating says that Accordia Life could have trouble providing a payout under difficult economic conditions.

Cincinnati insurance has been rated higher than Accordia LIfe. It received an “A+” by A.M. Best, S&P, and Fitch, as well as an “A1” by Moody’s. While its A.M. Best rating is at the top of the scale, the other ratings are considered upper-medium grades, ranking fifth on the list of possible ratings.

The Cincinnati ratings provided by A.M. Best and Fitch are one spot higher than Accordia Life, while the ratings provided by S&P and Moody’s are two spots higher. However, the ratings of both companies show that they have strong financial stability and should be able to handle any claims that are filed.

Accordia Life vs. Cincinnati: What products are offered?

Accordia Life and Cincinnati have very similar products. Both provide term life, universal life, and whole life insurance options.

The difference between the two companies is that each offers an additional policy. Accordia Life has indexed universal life, while Cincinnati has disability income insurance as a standalone policy.

The term life policies of both companies are available in 10, 15, 20, 25, and 30-year terms. These policies last for a specified period. Both companies’ term plans start at $25,000, a much lower starting value than most competitors.

Cincinnati offers another term life policy, called Termsetter Return of Premium (ROP).

Only available in 20, 25, and 30-year terms, the premiums paid by a policyholder will be returned if they are still alive at the end of the term. This return of premiums is why the policy is only available in longer terms.

In addition to term life, both companies also offer whole life and universal life insurance. The primary difference between these two policies is that whole life insurance has fixed premiums and universal life insurance has flexible premiums.

Accordia Life and Cincinnati each have a type of policy that the other company lacks.

Accordia Life offers indexed universal life insurance, which includes a cash value that depends on popular stock indexes. Cincinnati offers disability income insurance as a standalone offering. This type of insurance is usually only offered as a rider.

Accordia Life vs. Cincinnati: What riders are available?

For those that want more coverage than what is offered by basic plans, most life insurance providers offer additional options. Known as riders, these options are either added to a policy automatically or can be added for an additional premium.

Accordia Life and Cincinnati offer multiple riders to customers. The most common type of rider is the accelerated death benefits rider. This allows a policyholder access to a portion of their death benefit before death if they have a critical, chronic, or terminal illness.

Accordia Life includes this rider automatically with universal life coverage, while Cincinnati offers it as an optional rider.

In addition to the accelerated death benefits rider, optional riders are also available. 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 Cincinnati include:

  • Children’s term life insurance
  • Disability waiver of a premium

As you can see, Accordia Life offers several more riders than Cincinnati.

Enter your ZIP code below to compare cheap life insurance rates.

 Secured with SHA-256 Encryption

Accordia Life vs. Cincinnati: What should you expect when applying for life insurance?

The amount of time it takes to receive approval for life insurance depends on the underwriting process. Some providers can begin providing insurance after a few days, while some can take months. The time it takes to apply and receive approval could help differentiate providers.

Accordia Life offers an accelerated underwriting program called Fast Lane. Assuming there are no lab tests required, customers can receive approval of their application in one or two days.

While Cincinnati doesn’t require any medical tests for approval, it does have a lengthy underwriting process. This is one of the few disadvantages of using this company. The quickest time to receive approval is usually three or four weeks, but it can take as long as two months.

When applying for coverage, you won’t have to take any medical tests. However, you will be provided with a medical questionnaire.

Accordia Life vs. Cincinnati: How can I purchase life insurance?

When applying for life insurance, some providers allow customers to apply online while others require a phone call. Accordia Life policies can be applied for and approved online or by phone. Cincinnati will only issue quotes and allow applications through representatives by phone.

Accordia Life vs. Cincinnati: History

The Accordia Life and Annuity Company started as Aviva USA and was owned by Athene.

In 2013, the life insurance provider was purchased by Global Atlantic, becoming the company’s life insurance subsidiary. Today, Accordia Life is based in Des Moines, IA, and provides life insurance products to Global Atlantic customers.

The Cincinnati Insurance Company was founded in 1950 in Cincinnati, OH.

Today, the company is a subsidiary of Cincinnati Financial. Five companies make up the organization, including the Cincinnati Insurance Company, Cincinnati Casualty Company, Cincinnati Indemnity Company, Cincinnati Life Insurance Company, and CSU Producer Resources, Inc.

Enter your ZIP code below to compare cheap life insurance rates.

 Secured with SHA-256 Encryption

Accordia Life vs. Cincinnati: The Bottom Line

The decision between Accordia Life and Cincinnati depends on what’s most important to you. Cincinnati is cheaper and has higher ratings, but Accordia Life has more options. Compare Accordia Life vs. Cincinnati to find the provider the best meets your needs.

Affordable Accordia Life insurance quotes and affordable Cincinnati Life Insurance quotes are available.

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

Accordia Life vs. Cincinnati: Frequently Asked Questions

Here are some frequently asked questions about Accordia Life and Cincinnati.

#1 – Does Accordia Life or Cincinnati have a mobile app?

Cincinnati has a mobile app called MyCincinnati. Accordia Life doesn’t have a mobile application but does have a mobile-friendly website.

#2 – Can I buy other types of insurance from Accordia Life and Cincinnati?

While Accordia Life and Cincinnati Life Insurance only sell life insurance, other types can be purchased from their parent companies, Global Atlantic and Cincinnati Financial.

#3 – How can I make payments?

Accordia Life and Cincinnati allow payments to be made by credit card, debit card, automatic bank draft, or check.