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: Jun 23, 2021

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The Facts of Life

  • Principal offers more affordable life insurance rates to men and women of various ages
  • Both companies offer numerous forms of coverage
  • A.M. Best gave a higher rating to Principal

There are plenty of choices out there if you’re looking for a life insurance provider. To simplify things, we’ll be focusing on Accordia Life vs. Principal today.

Our Accordia Life vs. Principal Life Insurance Company review will go over the companies’ pricing, coverage forms, and ratings.

Before we compare Accordia Life vs. Principal life insurance, type your ZIP code into our free and helpful tool above to find the most affordable life insurance quotes in your area.

Accordia Life vs. Principal: Which company offers more affordable rates?

Let’s look at a table that compares major insurers’ rates for men of various ages. This is for a 20-year term life policy valued at $250,000.

Term Life Insurance Average Monthly Rates (Male, 20-Year Term, $250,000 Policy)
 CompanyAge 30 Average Monthly RatesAge 40 Average Monthly RatesAge 50 Average Monthly RatesAge 60 Average Monthly Rates
 Accordia Life $16.91 $23.36 $56.07 $153.53
 AIG $13.54 $19.38 $42.73 $114.74
 Banner $13.33 $19.26 $40.85 $111.13
 Foresters $13.56 $18.81 $42.66 $114.84
 Lincoln$13.56 $18.38 $46.55 $190.53
 Mutual of Omaha $13.56 $20.08 $46.55 $134.05
 Principal $14.66 $19.03 $42.61 $110.03
 Protective $13.12 $17.85 $41.50 $111.59
 Prudential $20.34 $24.50 $45.50 $128.84
 SBLI $14.79 $21.67 $51.68 $147.70
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How easy is it to find affordable Accordia Life vs. Principal life insurance quotes?

As you can see, Accordia Life is more expensive for men across the board. Just look at Accordia Life vs. Principal life insurance rates for men in their 60s, where Principal is $43 cheaper per month.

Let’s see if Accordia Life is more expensive for women of various ages as well.

Term Life Insurance Average Monthly Rates (Female, 20-Year Term, $250,000 Policy)
 CompanyAge 30 Average Monthly RatesAge 40 Average Monthly RatesAge 50 Average Monthly RatesAge 60 Average Monthly Rates
 Accordia Life $15.58 $20.69 $41.83 $101.24
 AIG $11.81 $18.51 $35.59 $89.66
 Banner $11.74 $15.67 $31.17 $78.83
 Foresters $12.47 $16.63 $31.94 $85.97
 Lincoln$12.08 $16.14 $32.77 $160.13
 Mutual of Omaha $12.64 $19.21 $36.05 $94.02
 Principal $13.13 $16.63 $32.90 $77.92
 Protective $11.83 $15.27 $31.18 $77.61
 Prudential $17.28 $22.53 $40.03 $89.25
 SBLI $13.31 $18.99 $36.46 $90.37
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Principal is the cheaper company again. For instance, if a woman in her 60s was deciding whether to buy Accordia Life vs. Principal life insurance, she would pay $24 more per month with Accordia Life.

Let’s move on to offered forms of coverage.

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What forms of coverage do these companies offer?

Perhaps you’re looking for a specific form of life insurance, or maybe you don’t know what kind of coverage you need. Further complicating matters is the fact that not all life insurance companies offer the same forms of coverage.

What forms of coverage does Accordia Life offer? Accordia Life offers level premium term life insurance, which guarantees that rates will remain steady throughout the length of one’s contract.

The company also offers universal life insurance (UL) should you need a guarantee of a death benefit with a minimum interest rate.

Lastly, there is indexed universal life insurance (IUI), which has an interest rate dependent upon the movement of the stock market.

Principal offers term life insurance policies in 10-, 15-, 20-, and 30-year term lengths. A one-year term contract for short-term needs is also offered.

As far as permanent coverage goes, Principal offers universal life, indexed universal life, variable universal life insurance, and survivorship insurance.

Survivorship insurance covers two people, with the death benefit payable upon the second death.

Let’s wrap up with Accordia Life and Principal insurance reviews and see if Principal can score a win.

Free Life Insurance Comparison

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Accordia Life vs. Principal: Which company is more well-reviewed?

We’ll now look at the ratings given to these two companies by A.M. Best. These are called Financial Strength Ratings (FSR), and they give potential insured confidence in an insurer’s financial stability.

Accordia Life received a rating of “A-” (Excellent), which is the second-highest of seven rating tiers. How did Principal fare in comparison? It received an even higher rating of “A+” (Superior).

In short, Principal not only offers cheaper rates but has a higher A.M. Best rating as well.

We hope you’ve learned everything you needed to decide between Accordia Life vs. Principal life insurance. Type your ZIP code into our free and helpful tool below to find affordable life insurance quotes in your area.

Frequently Asked Questions: Accordia Life vs. Principal

What follows are a few commonly asked questions about Accordia Life and Principal.

#1 – What is the Accordia Life and Annuity Company payment address?

You can send your Accordia Life and Annuity Company payments to 215 10th Street Suite 1100 Des Moines, IA 50309-3616.

#2 – How do I make an Accordia Life Insurance online payment?

You can make an online payment through the website of Accordia Life’s parent company, Global Atlantic Financial Group.

#3 – Can I get Principal dental insurance?

Yes, and it fully covers exams and cleanings.