Accordia Life vs. Sagicor: Top Life Insurance in 2021
In a comparison of Accordia Life vs. Sagicor life insurance companies, Sagicor came out on top. Accordia Life and Sagicor both hold the same rating from A.M. Best and both companies also offer multiple forms of life insurance coverage to choose from. Sagicor, however, does all this while offering cheaper rates than Accordia Life.
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UPDATED: May 7, 2021
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- Sagicor offers more affordable rates than Accordia Life and Annuity Insurance Company
- Accordia Life and Sagicor Life Insurance Company are identically rated by A.M. Best
- Both companies offer more than one form of life insurance coverage
There are many choices for life insurance providers out there and that can make comparison shopping tougher than it needs to be. We are going to simplify the procedure today by focusing on Accordia Life vs. Sagicor Life Insurance Company.
Our Accordia Life vs. Sagicor life insurance review will cover pricing, discounts, and company ratings. Afterward, you’ll know all you will need to.
Prior to diving into our Accordia Life vs. Sagicor review, type your ZIP code into our free and helpful tool above to find affordable life insurance quotes in your area.
Accordia Life vs. Sagicor: Which company offers more affordable rates?
There are so many criteria to analyze when comparing insurers that it’s best to focus on the most basic and important criteria: pricing.
Let’s take a look at a table now that compares Accordia Life vs. Sagicor Life Insurance quotes for men and women of various ages.
|Gender and Age||Accordia Life Average Monthly Rates||Sagicor Average Monthly Rates|
|Male Age: 30||$16.91||$12.60|
|Male Age: 40||$23.36||$17.07|
|Male Age: 50||$56.07||$43.59|
|Male Age: 60||$128.84||$103.05|
|Female Age: 30||$15.58||$10.95|
|Female Age: 40||$20.69||$15.10|
|Female Age: 50||$40.03||$36.75|
|Female Age: 60||$89.25||$63.78|
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Is it easier to find affordable Accordia Life vs. Sagicor Life Insurance rates?
As you can see, for men in their 30s, 40s, 50s, and 60s, Accordia Life is the more expensive across the board.
Look at the rates for males age 60, for example, where Accordia Life is over $25 more expensive per month than Sagicor.
This tendency holds true for women in their 30s, 40s, 50s, and 60s. Take a look at the rates for women in their 60s, where Accordia Life is again about $25 more expensive per month than Sagicor.
So, our Sagicor vs. Accordia Life life insurance review comparison has shown us that more frugal shoppers certainly have a reason to buy Sagicor life insurance.
Let’s move on to the next section, where we will analyze what forms of life insurance coverage you can get from these two companies.
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Which forms of coverage do these companies offer?
Another factor that can make life insurance company comparison a bit of a headache is the fact that not only are there many companies but there are many forms of coverage as well.
This is because not every life insurance company offers the same forms of coverage as the next.
Let’s take a look at a snappy and fun video that sheds some light on the difference between various forms of life insurance.
Accordia Life has quite a few options to pick from. For instance, they offer level premium term insurance. This guarantees your premiums will hold steady throughout your chosen contract length.
They also offer universal life insurance (UL) for those who need to know that their families will receive a death benefit, but only want to pay a minimal interest rate.
Lastly, they have indexed universal life insurance (IUI). IUI differs from UL in that, for the former, the interest rate paid is dependent upon the movement of the stock market.
As far as Sagicor life insurance policies go, they offer indexed universal life, whole life, and indexed single-premium universal life.
Sagicor’s WealthCare Indexed Single Premium Universal Life has cash value growth opportunities, terminal illness protection, and a return of premium.
Lastly, both companies offer their own form of whole life insurance. But, be wary, because according to Virginia Tech, whole-life policies are not known for being flexible.
So, you have two choices for life insurance companies that offer different forms of coverage. Which coverage form looks appealing to you?
Let’s go ahead and wrap up with company ratings and see if we can have a clear winner here.
Which company is more well-reviewed?
We are now going to close out by analyzing Accordia Life and Sagicor life insurance reviews given by A.M. Best.
These are called Financial Strength Ratings (FSR) and they give people seeking coverage confidence in a given company’s ability to meet their needs.
|Life Insurance Company||A.M. Best Rating|
|Mutual of Omaha||A+|
|North American Co||A+|
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As you can see, Accordia Life received a rating of “A-” (Excellent), which is the second-highest of seven rating tiers.
How did Sagicor fare in comparison? They received an identical rating of “A-.”
In short, both companies offer a variety of coverage forms to choose from and both have an identical rating? So, who won?
Sagicor Life Insurance Company has won this competition because, in comparison to Accordia Life and Annuity Company, they have consistently more affordable rates.
You now should know all you need when deciding to buy Accordia Life vs. Sagicor 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. Sagicor
What follows are a few commonly asked questions about these two companies.
#1 – What is the Accordia Life and Annuity Company payment address?
Their address is 215 10th Street Suite 1100 Des Moines, IA 50309-3616. You can also make an Accordia Life Insurance online payment.