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 11, 2021

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The Facts of Life

  • Transamerica is more affordable than Accordia Life and Annuity Insurance Company
  • Both companies offer multiple forms of coverage for customers to choose from
  • A.M. Best gave a higher rating to Transamerica than Accordia Life and Annuity Company

There are plenty of choices out there when it comes to life insurance providers, which can make comparison shopping difficult. To simplify things, we’ll be focusing on Accordia Life vs. Transamerica today.

Our Accordia Life vs. Transamerica life insurance company review will cover pricing, offered forms of coverage, and company ratings.

Before we compare Accordia Life vs. Transamerica 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. Transamerica: Which company offers more affordable rates?

There are so many different things to look at when comparing life insurance companies, so where is a good place to start?

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

Accordia Life vs. Other Companies' Average Monthly Rates by Age and Gender
CompanyMale Age 50 Average Monthly RatesMale Age 60 Average Monthly RatesFemale Age 50 Average Monthly RatesFemale Age 60 Average Monthly Rates
Accordia Life $56.07 $153.53$41.83$101.24
Mutual of Omaha $46.55 $134.05$36.05$94.02
Transamerica$30.96$77.62$26.45$63.86
North American$31.90$77.44$26.62$54.34
Nationwide$32.59$86.41$27.13$61.69
Nassau Life$51.69$119.78$42.11$89.06
State Farm$69.59N/A$54.59N/A
Sagicor$43.59$103.05$36.75$63.78
Compare RatesStart Now →

How easy is it to find affordable Accordia Life vs. Transamerica life insurance quotes? As you can see, men in their 50s pay over $25 more per month with Accordia Life.

How about Accordia Life vs. Transamerica life insurance rates for men in their 60s? Accordia Life is nearly twice the cost of Transamerica.

Women in their 50s pay about $15 more per month with Accordia whereas women in their 60s pay $47 more per month with Accordia Life.

Let’s now move on to the forms of coverage these two companies offer.

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What forms of coverage do these companies offer?

Maybe you’re looking for something specific, or perhaps you’re unsure as to 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? It offers level premium term life insurance, which guarantees that rates will remain steady throughout the length of one’s contract.

It 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.

What forms of coverage does Transamerica offer? Transamerica offers its own form of term life insurance as well as index universal, final expense, and whole life insurance.

Are you a foreign national? If so, Transamerica offers life insurance for foreign nationals to assist with potential estate tax exposure.

Are there Transamerica long-term care insurance policies? Unfortunately, as of the first quarter of 2021, Transamerica no longer offers this form of coverage.

Essentially, no matter which company you choose, there are products that should meet your needs.

Let’s wrap up with Accordia Life vs. Transamerica life insurance reviews to see if Transamerica can clinch a win.

Free Life Insurance Comparison

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Accordia Life vs. Transamerica: 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 ability to meet its financial obligations.

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

In short, both companies offer a wide array of coverage, but Transamerica is cheaper and has a higher A.M. Best rating.

We hope you’ve learned all you needed to buy Accordia Life vs. Transamerica 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. Transamerica

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

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

The Accordia Life and Annuity Company payment address is 215 10th Street Suite 1100 Des Moines, IA 50309-3616.

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

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