Jeffrey Manola is an experienced life insurance agent and the founder of Top Quote Life Insurance. His mission when he created Top Quote Life Insurance was to provide online consumers searching for life insurance with the absolute best quotes for term life insurance, permanent life insurance, no medical exam life insurance, and burial insurance. Not only does he strive to provide you with the ...

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Leslie Kasperowicz holds a BA in Social Sciences from the University of Winnipeg. She spent several years as a Farmers Insurance CSR, gaining a solid understanding of insurance products including home, life, auto, and commercial and working directly with insurance customers to understand their needs. She has since used that knowledge in her more than ten years as a writer, largely in the insur...

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Reviewed by Leslie Kasperowicz
Farmers CSR for 4 Years

UPDATED: Mar 24, 2021

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It’s all about you. We want to help you make the right life insurance coverage choices.

Advertiser Disclosure: We strive to help you make confident life insurance decisions. Comparison shopping should be easy. We are not affiliated with any one life insurance provider and cannot guarantee quotes from any single provider.

Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different life insurance companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.

Editorial Guidelines: We are a free online resource for anyone interested in learning more about life insurance. Our goal is to be an objective, third-party resource for everything life insurance-related. We update our site regularly, and all content is reviewed by life insurance experts.

Facts You Should Know

  • Accordia Life offers indexed universal life insurance and preneed life insurance, while Foresters Financial provides term life insurance, whole life insurance, and universal life insurance.
  • Accordia Life does not have a financial strength rating from A.M. Best. Foresters’ parent company, The Independent Order of Foresters, has a financial strength rating of A.
  • The most significant factor in determining which company is right for you is what type of life insurance you are looking for since both companies offer different types.

If you’re looking for the best life insurance companies, our Accordia Life vs. Foresters Financial life insurance review will discuss the two companies in detail to help you make a decision.

Before you begin reading, enter your ZIP code into our free quote comparison tool above to find affordable life insurance today.

What life insurance products do Accordia Life and Foresters Financial offer?

Below, we’ll discuss each company’s life insurance products.

Accordia Life Insurance Products

Global Atlantic, the parent company of Accordia Life, offers limited life insurance products. Its main products are indexed universal life insurance and preneed insurance.

Indexed universal life insurance is a type of permanent life insurance that builds cash value based on a major index’s value. You could also choose a fixed interest strategy where Accordia sets the interest rate.

Accordia Life has three indexed universal life insurance policies: Lifetime Foundation ELITE, Lifetime Builder ELITE, and Global Accumulator.

Lifetime Foundation ELITE is a basic indexed universal life insurance policy with a guaranteed death benefit as long as you pay your premiums.

Lifetime Builder ELITE offers more customization options, including three death benefits, three policy loans, and six indexed interest crediting strategies.

Global Accumulator also has six indexed interest crediting strategies in addition to a SMART Buy-Up option for an additional fee.

Preneed life insurance is a type of life insurance that provides a death benefit equal to the amount needed for end-of-life expenses, such as funeral expenses.

When you buy a preneed life insurance policy, you will choose a funeral home as the beneficiary and plan services, determining the policy’s death benefit.

Foresters Financial Life Insurance Products

Foresters Financial services include three types of life insurance: term life insurance, whole life insurance, and universal life insurance.

Term life insurance is a type of life insurance that offers coverage for a specified period, usually between 10 and 30 years.

Foresters’ term life insurance policies include Your Term Level Term Life Insurance, which is renewable and convertible, and Prepared II Accidental Death Term Insurance, which offers up to $500,000 in coverage.

Whole life insurance is a permanent life insurance policy that builds cash value you may borrow against during your lifetime.

Foresters’ whole life insurance policies include its PlanRight Whole Life (a typical whole life insurance policy), Advantage Plus II Whole Life Insurance (includes the possibility for dividends), and BrightFuture Children’s Whole Life (whole life insurance for children).

Universal life insurance is a permanent life insurance policy that accumulates cash value. Forester Financial’s one universal life insurance policy is called SMART Universal Life Insurance.

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Which company has better life insurance rates?

To give you an idea of how much life insurance costs, let’s look at some sample life insurance rates that represent the average cost from the largest life insurance companies:

Average Monthly Life Insurance Rates for a $500,000 Policy Based on Age
AgeAverage Monthly Rates With Medical ExamAverage Monthly Rates Without Medical Exam
35$14.07$18.27
40$18.19$23.75
45$28.52$29.39
50$41.73$45.70
55$70.63$74.56
60$112.75$127.32
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It isn’t easy to answer which company has better life insurance rates since each company offers different products. However, let’s take a look at some Foresters Financial life insurance rates:

Forester's Financial Average Monthly 20-Year Term Life Insurance Rates Based on Age, Gender, and Coverage
Age and GenderAverage Monthly Rates for $50,000 PolicyAverage Monthly Rates for $100,000 PolicyAverage Monthly Rates for $200,000 PolicyAverage Monthly Rates for $400,000 Policy
20-Year-Old Male$12.47$18.81$31.50$56.88
20-Year-Old Female$10.50$14.88$23.63$41.13
30-Year-Old Male$12.99$19.86$33.60$61.08
30-Year-Old Female$11.29$16.45$26.78$47.43
40-Year-Old Male$17.37$28.61$51.10$96.08
40-Year-Old Female$15.27$24.41$42.70$79.28
50-Year-Old Male$29.88$53.94$101.15$196.18
50-Year-Old Female$28.61$51.10$96.08$186.03
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Accordia life insurance rates are more difficult to find since they have a more extensive underwriting process. Your insurance rates will be determined by many different factors, including your age, health, location, and more.

Which company has better industry ratings?

The Accordia Life and Annuity Company has an A rating from the BBB, while Foresters Financial has an A+ rating.

Accordia Life’s parent company, Global Atlantic Financial Group Limited, does not have a financial strength rating from A.M. Best. However, its long-term credit rating is bbb, which means they have a good ability to pay long-term debt.

The Foresters Financial parent company, The Independent Order of Foresters, has a financial strength rating of A from A.M. Best, which means that they have an excellent ability to meet their financial obligations.

How can I get quotes and file claims?

Neither Accordia life insurance quotes nor Foresters Financial life insurance quotes are available on the companies’ websites. Each company will direct you to contact an insurance agent that sells their products to receive a quote for any of their products.

Accordia life insurance customers can call (877) 462-8992 to begin the claims process.

Foresters Financial life insurance customers can call (800) 828-1540 to begin the claims process. Claims forms are available on the company website, along with a list of information you will need to gather. You can send this to Foresters, PO Box 179, Buffalo, NY 14201.

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How can I contact Accordia Life and Foresters Financial?

Accordia’s website is www.globalatlantic.com.

Accordia indexed universal life insurance customers can contact Global Atlantic at (877) 462-8992. The mailing address is Global Atlantic, Davis Brown Tower, 215 10th Street, 11th Floor, Des Moines, IA 50309.

Accordia preneed life insurance customers can contact Global Atlantic at (800) 331-8853. The mailing address is Global Atlantic, One Forethought Center, Batesville, IN 47006.

Foresters Financial’s website is www.foresters.com.

You can call either (800) 828-1540 or (800) 832-7783. You can send mail to either Foresters Financial, PO Box 179, Buffalo, NY 14201, or Foresters Life Insurance and Annuity Company, PO Box 7836, Edison, NJ 08818.

Your contact options for Foresters will depend on which type of life insurance you have, so the easiest way to find out how to contact them is to consult the website.

Accordia Life vs. Foresters Financial: Conclusion

Choosing between Accordia Life and Foresters Financial will depend on the type of life insurance product you are most interested in. Each company has different types of life insurance to offer.

Term life insurance is a very popular choice for life insurance since it usually involves a less rigorous underwriting process and premiums are level. Therefore, if you’re looking for term life insurance, you’d have to go with Foresters Financial.

Foresters Financial reviews also lead consumers to believe that they may be a better choice because of a better financial rating. However, Accordia Life may be a good choice for those looking for indexed universal life insurance or preneed life insurance.

If you need help comparing life insurance quotes from multiple companies in your area, enter your ZIP code into our free quote comparison tool below.