Accordia Life vs. SBLI: Top Life Insurance in 2022
In a comparison of Accordia Life vs. SBLI life insurance, SBLI easily won. Both companies offer numerous forms of life insurance coverage. However, SBLI offers cheaper rates and holds a higher rating from A.M. Best. Compare Accordia Life vs. SBLI life insurance quotes to decide which company is right for you.
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UPDATED: Jun 30, 2022
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- SBLI offers more affordable rates to men and women of various ages than Accordia Life and Annuity Insurance Company
- SBLI is more well-reviewed by A.M. Best than Accordia Life
- Accordia Life and SBLI both offer numerous forms of life insurance coverage
You have a lot of choices when it comes to life insurers, and the sheer amount of choices can actually make the process difficult. Today, we will be focusing exclusively on Accordia Life vs. SBLI life insurance today.
Our Accordia Life vs. SBLI Life Insurance review will cover these companies’ pricing, coverage forms, and ratings.
Prior to us diving into our Accordia Life vs. SBLI Life Insurance Company review, type your ZIP code into our free and helpful tool above. You will be able to find the most affordable life insurance quotes in your area.
Accordia Life vs. SBLI: Which company offers more affordable rates?
When comparing life insurance companies, it is best to start with the basics like pricing.
|Gender and Age||Accordia Life Average Monthly Rates||SBLI Average Monthly Rates|
|Male Age: 30||$16.91||$11.80|
|Male Age: 40||$23.36||$14.53|
|Male Age: 50||$56.07||$31.88|
|Male Age: 60||$128.84||$75.61|
|Female Age: 30||$15.58||$10.38|
|Female Age: 40||$20.69||$13.08|
|Female Age: 50||$40.03||$26.72|
|Female Age: 60||$89.25||$53.85|
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Is it easy to find affordable Accordia Life vs. SBLI life insurance quotes? As you can see, SBLI is consistently cheaper for men of various ages.
Look at the Accordia Life vs. SBLI life insurance rates for men in their 60s, where Accordia Life is over $53 more expensive per month than SBLI.
Is SBLI cheaper for women as well? While the disparity between rates decreases a bit, yes, SBLI is cheaper than Accordia Life for women of various ages.
So, our SBLI vs. Accordia Life insurance review has shown us that frugal shoppers certainly have a reason to buy a policy from SBLI Life Insurance Company.
Let’s move on to these companies’ forms of coverage and see if SBLI can strengthen its lead.
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What forms of coverage do these companies offer?
Just as there are many companies to choose from, there are also many forms of coverage as well.
This is due to the fact that one life insurance company does not necessarily offer the same forms of coverage as the next.
Let’s take a look at a quick video that will shed light on the differentiation between various forms of coverage.
Accordia Life has several forms of coverage to choose from, including level premium term insurance. This coverage guarantees the insured that their premiums will remain at the same level throughout the contract.
They also offer universal life insurance (UL) for individuals who need assurance that their families will receive a death benefit with a minimal interest rate.
Lastly, Accordia Life offers indexed universal life insurance (IUI). IUI is different from UL in that IUI’s interest rate is fully dependent upon the movement of the stock market.
SBLI offers four forms of life insurance. First is SBLI Term Life Insurance. This is seen as the most affordable option.
SBLI Whole Life Insurance is also offered. While this form of coverage comes with a lifetime guarantee, whole life policies are frequently criticized by organizations such as Virginia Tech for not being flexible.
There’s also Final Expense Life Insurance, which is designed to assist grieving family members with bills.
Lastly, there’s SmartTerm 360. This is actually a grouping of policies designed specifically to meet an insured’s coverage needs as said needs develop over time.
So, no matter which of these two companies you choose, you have coverage options. Let’s now wrap up with company ratings
How are Accordia Life and SBLI rated?
We are now going to close out by analyzing Accordia Life and SBLI insurance reviews given by A.M. Best.
These are called Financial Strength Ratings (FSR) and give potential insured confidence in a given company’s ability to meet their financial needs.
|Life Insurance Company||A.M. Best Rating|
|Mutual of Omaha||A+|
|North American Co||A+|
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Accordia Life received an FSR of “A-” (Excellent), which is the second-highest of seven rating tiers.
How did SBLI fare in comparison? They received an even better rating of “A+” (Superior).
So, in review, SBLI swept this thing. While both companies offer plenty of coverage forms to choose from, SBLI life insurance rates are cheaper. They also have a higher A.M. Best rating.
Now, you know all you need to decide whether to buy Accordia Life vs. SBLI life insurance.
Now that you’ve finished this Accordia Life vs. SBLI review, 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. SBLI
What follows are a few commonly asked questions about these two companies.
#1 – Can I make an Accordia Life Insurance online payment?
Yes, through their parent company, Global Atlantic Financial Group.
#2 – What is the Accordia Life and Annuity Company payment address?
215 10th Street Suite 1100
Des Moines, IA 50309-3616