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 31, 2021

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The Facts of Life

  • Lincoln is rated better than Accordia Life by A.M. Best
  • Lincoln has more term life options available than Accordia Life
  • Accordia Life offers whole life insurance

Accordia Life and Lincoln offer various types of permanent and term life insurance plans. Lincoln is rated better by A.M. Best and has a lower complaint index. Comparing Accordia Life vs. Lincoln policies will allow you to determine the company that provides the type of plan you desire.

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

Accordia Life vs. Lincoln: What products are offered?

Accordia Life and Lincoln both offer term life and permanent life insurance options.

They differ in the permanent life offerings as Accordia Life offers whole life insurance and Lincoln offers variable universal life insurance. Understanding these policies will help you determine the provider that best meets your needs.

Accordia Life offers term life insurance in 10- to 30-year terms. The minimum value is $50,000, lower than most competitors. This helps those looking for lower monthly rates or less coverage. The provider doesn’t offer a simplified issue option for term life.

The company provides three types of permanent life insurance.

Whole life insurance has fixed premiums, ensuring that they won’t change over time. Universal life has flexible premiums that can be adjusted when your life changes and indexed universal life has a cash value that is affected by popular stock indexes.

Lincoln has two types of term life insurance. The company’s term life options are available in 10-, 15-, 20-, and 30-year terms, and coverage ranges from $100,000 to $500,000, depending on the policy chosen.

TermAccel is a simplified issue option for those under the age of 50. This type of coverage doesn’t require a medical exam and can be approved quickly. The minimum amount of coverage is $100,000 and the maximum coverage is $500,000.

LifeElements is the traditional type of term life coverage. Starting at $250,000, those choosing this option might require a medical exam before receiving approval.

In addition to its term life choices, Lincoln also offers three types of universal life coverage. These include traditional, indexed universal life, and variable universal life. These policies start at $100,000 and are available for customers between 20 and 85 years of age.

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Accordia Life vs. Lincoln: What riders are offered?

Most life insurance providers offer additional options that can be added to a policy. Known as riders, these options are either included automatically or can be added to a policy for an additional premium. Accordia Life and Lincoln offer various riders.

The most common type of rider is the accelerated death benefits rider. This addition allows a policyholder with a critical, chronic, or terminal illness to access a portion of their policy before death. Accordia Life and Lincoln include this rider free of charge with their universal life policies.

In addition to the accelerated death benefits rider, Accordia Life offers various optional riders that can be added to a policy. 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 Lincoln include:

  • Waiver of a premium
  • Children’s level-term insurance

As you can see, Accordia Life offers more optional riders than Lincoln.

Accordia Life vs. Lincoln: How are they rated?

Accordia Life and Lincoln have been rated by the most trusted rating agencies. This includes A.M. Best, Standard and Poor’s (S&P), Fitch, and Moody’s. These ratings determine the financial strength of the providers, establishing their ability 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 strong ratings. The lowest of the four ratings is by S&P, which states that Accordia Life could have trouble providing a payout during difficult times.

Lincoln has been rated “A+” by A.M. Best and Fitch, an “AA-” by S&P, and an “A1” by Moody’s. Similar to Accordia Life, these ratings are all considered strong, but not at the top of the scale. However, the lowest of these ratings are still considered the best of the upper-medium grades.

While Lincoln is rated better than Accordia Life by all four agencies, it’s not by much. The biggest difference is by S&P, who rated Lincoln four grades higher than Accordia Life. However, the grades are all high enough that customers shouldn’t be concerned about receiving a payout.

Accordia Life vs. Lincoln: Do they have any complaints?

The Better Business Bureau (BBB) and the National Association of Insurance Commissioners (NAIC) allow customers to list complaints about life insurance providers. This allows potential customers to determine the quality of service they’ll receive. Complaints have been made about Accordia Life and Lincoln.

Currently, the BBB has received 42 complaints about Accordia Life. The provider has a 3.68 complaint index according to the NAIC. That’s higher than the national average of 1.00. This shows that Accordia Life has received more complaints than companies of a similar size.

The BBB hasn’t received any complaints about Lincoln insurance. Additionally, the company’s complaint index according to the NAIC is 0.09, much lower than the national average. That shows that Lincoln has fewer complaints than companies of a similar size.

When considering the complaints about a company, it’s wise to read through the individual complaints. This will help you determine if the complaints should be a concern when choosing a provider.

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Accordia Life vs. Lincoln: History

The Accordia Life and Annuity Company was originally named Aviva USA and owned by Athene. In 2013, the life insurance provider was purchased by Global Atlantic, making it the company’s newest subsidiary.

The Lincoln National Life Insurance Company is a subsidiary of the Lincoln Financial Group. Founded in 1905, the Lincoln Financial Group offers life insurance, annuities, group protection, and retirement plan services.

Accordia Life vs. Lincoln: The Bottom Line

The decision between Accordia Life and Lincoln will usually come down to the policies offered. Those looking for lesser term life or whole life coverage will choose Accordia Life. Lincoln offers more term life options and variable universal life insurance.

It’s possible to find affordable Accordia Life insurance quotes and affordable Lincoln life insurance quotes.

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

Accordia Life vs. Lincoln: Frequently Asked Questions

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

#1 – Can I buy other types of insurance from Accordia Life and Lincoln?

Accordia Life customers can purchase other types of insurance through Global Atlantic’s various subsidiaries. The Lincoln Financial Group only offers life insurance.

#2 – Can I buy Accordia Life insurance or buy Lincoln life insurance online?

Accordia Life allows customers to apply for coverage and receive approval online. Lincoln requires customers to call an agent to receive a quote or apply for coverage.

#3 – Is Lincoln National Life Insurance and Lincoln Heritage Life Insurance Company the same?

While Lincoln National Life Insurance offers Heritage universal life plans, it is a different company than the Lincoln Heritage Life Insurance Company.