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: Apr 29, 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

  • Haven Life has been rated better than Accordia Life by A.M. Best, S&P, Fitch, and Moody’s
  • Accordia Life has a larger selection of life insurance policies
  • Both providers have similar monthly rates

Accordia Life and Haven Life offer life insurance policies throughout the United States. While the two providers offer similar rates, Haven Life has been rated higher by the most trusted credit rating agencies.

Accordia Life offers permanent life policies while Haven Life only offers term life insurance. Finding affordable Accordia Life vs. Haven Life life insurance quotes can best be done by shopping for quotes online.

Before jumping into this Accordia Life vs. Haven Life life insurance review, enter your ZIP code to find the best life insurance quotes in your area.

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

When comparing Accordia Life vs. Haven Life life insurance rates, both  are lower than most of their competitors. While this is often a deciding factor, these two companies offer very similar rates. The following charts will allow you to compare the average cost for a 20-year term at $250,000.

Accordia Life vs. Haven Life: Male 20-Year Term $250,000 Policy Monthly Rates by Age
AgeAccordia Life Average Monthly RatesHaven Life Average Monthly Rates
Age 30 $16.91$17.43
Age 40 $23.36$24.12
Age 50 $56.07$56.49
Age 60 $153.53$152.80
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The next chart shows the same information for females.

Accordia Life vs. Haven Life: Female 20-Year Term $250,000 Policy Monthly Rates by Age
AgeAccordia Life Average Monthly RatesHaven Life Average Monthly Rates
Age 30 $15.58$14.99
Age 40 $20.69$19.91
Age 50 $41.83$41.23
Age 60 $101.24$103.91
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As you can see, the two companies have very similar rates. The better price will largely depend on where you live, your age, and your gender.

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Accordia Life vs. Haven Life: What are their ratings?

Accordia Life and Haven Life have been rated by the most trusted credit rating agencies. These Accordia Life and Haven Life insurance reviews determine the financial strength of a company. A higher rating means that the company has a better ability to provide 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. While not at the top of any of the agencies’ scales, these are considered strong ratings.

The rating provided by S&P is the lowest for the provider and says that it could have difficulty providing a payout under tough economic conditions.

Haven Life has been rated an “A++” by A.M. Best, an “AA+” by S&P and Fitch, and an “Aa2” by Moody’s. All of these ratings are superior and some of the best ratings in the industry.

While Haven Life has been rated higher than Accordia Life, the ratings show that neither company should have difficulty providing a payout when a claim is filed.

Accordia Life vs. Haven Life: What products are offered?

The biggest difference between Accordia Life and Haven Life is the products offered. This will be a major determining factor for customers, especially if they are looking for permanent life options, such as universal or whole life insurance.

The Accordia Life and Annuity Company offers term life and permanent life coverage. Their term life offering comes in 10-, 15-, 20-, 25-, and 30-year terms. The lowest value of their term life coverage is $50,000, half of the value that most competitors offer.

This is a good option for those looking for less coverage or lower monthly rates.

In addition to the term life options, Accordia Life also offers whole life, universal life, and indexed universal life insurance. Whole life coverage features a fixed premium that won’t change over time.

Universal life coverage offers flexible premiums and indexed universal life has a cash value that is affected by popular stock indexes.

Haven Life only offers term life coverage. This might be a problem for those looking for permanent life insurance.

However, they do have two types of term life coverage from which customers can choose. These coverages are available in 10-, 15-, 20-, and 30-year terms and for customers up to 64 years of age.

The two differences between these types of coverage are the requirement of a medical exam and the maximum amount of coverage. Haven Term requires a medical exam and offers a higher value.

Customers under 60 can be covered up to $3 million while those 60 to 64 years of age can be covered up to $1 million.

Haven Simple doesn’t require a medical examination. The increased risk of not requiring a medical exam means that the maximum amount of coverage is lower. This type of term life insurance is only available up to $500,000.

Accordia Life vs. Haven Life: What riders are available?

In addition to the various basic options, most life insurance providers also offer add-ons. Referred to as riders, some of these options are automatically included with certain policies while others can be added on for an additional premium.

The most common option is the accelerated death benefits rider. This allows a policyholder to access a portion of their death benefit before death if they suffer from a chronic, critical, or terminal illness.

Accordia Life includes this rider free of charge with universal policies and Haven Life includes it free of charge with all policies.

While Accordia Life only offers the accelerated death benefits rider free of charge, Haven Life includes a second rider with its policies. The Haven Life Plus rider offers customers benefits through its various partners.

This includes a trust and will service, a fitness app subscription, and a subscription to a sleep support program.

In addition to the accelerated death benefits rider, Accordia Life offers options 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
  • Wellness for life

Haven Life only offers one optional rider that can be purchased for an additional premium. This is their waiver of a premium rider and can be added to any of their policies.

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Accordia Life vs. Haven Life: How can you apply?

Accordia Life and Haven Life make it easier than most life insurance providers to apply. Both companies allow customers to apply and receive approval online or by phone.

Once you’ve purchased your policy, you can make any changes or payments through customer portals on their mobile-friendly websites.

Accordia Life vs. Haven Life: What should you expect when applying?

The time it takes to apply and receive approval for coverage depends on whether or not a medical exam is required.

Haven Simple doesn’t require a medical exam so receiving approval is easier and takes much less time. Some Accordia Life policies are similar and approval can be received quickly.

Accordia Life vs. Haven Life: The Bottom Line

So, should you buy Accordia Life vs. Haven Life life insurance? Accordia Life and Haven Life offer similar monthly rates for identical policies. While Haven Life is rated higher, Accordia Life’s ratings are not concerning.

The differentiating factor for many people is the policy options. Comparing Accordia Life vs. Haven Life will help you find the best fit for your needs.

Affordable Accordia Life insurance quotes and affordable Haven Life insurance quotes are available.

Now that you’ve finished this Accordia Life vs. Haven Life review, enter your ZIP code to find the best life insurance rates in your area.

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Accordia Life vs. Haven Life: Frequently Asked Questions

Here are some frequently asked questions about Accordia Life and Haven Life insurance.

#1 – How much life insurance do you need?

To find the right amount of life insurance, consider the people that depend on your income and how long they’ll need support. This could be when your children graduate from college or get married.

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

Accordia Life and Haven Life only offer life insurance. However, Accordia Life customers can obtain other types of insurance from other subsidiaries of its parent company, Global Atlantic.

#3 – What are the high-risk categories?

Various high-risk categories can result in increased premiums. High-risk categories include smokers, diabetics, and applicants who are overweight.