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: Apr 30, 2021

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Facts You Should Know

  • Principal Life Insurance offers more affordable rates to men of various ages than Accordia Life and Annuity Company
  • Principal Insurance offers more affordable rates to women of various ages than Accordia Life Insurance
  • Principal Insurance is more well-reviewed than Accordia Life by both A.M. Best and the Better Business Bureau

One thing that makes life insurance company comparison difficult is the number of options. For the sake of simplicity, we’ll be focusing on Accordia Life vs. Principal today.

If a medical exam has been holding you back from choosing a life insurance company, keep in mind that Accordia Life is actually a no-medical-exam term life insurance company.

Before jumping into this Accordia Life vs. Principal life insurance review, type your ZIP code into our free and helpful tool above to find affordable life insurance quotes in your area.

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

When setting out to compare life insurance companies, it’s logical to start with what’s most important. For the majority of people, that’s a company’s pricing.

We’re now going to look at a table that shows the rates for multiple forms of coverage (not every major life insurance company offers the same forms of coverage) offered to men of several different age groups.

Sample Average Monthly Life Insurance Rates by Company and Product for Men
CompaniesProductMale Age: 30 Average Monthly RatesMale Age: 35 Average Monthly RatesMale Age: 40 Average Monthly RatesMale Age: 45 Average Monthly RatesMale Age: 50 Average Monthly RatesMale Age: 55 Average Monthly RatesMale Age: 60 Average Monthly RatesMale Age: 65 Average Monthly RatesMale Age: 70 Average Monthly RatesMale Age: 75 Average Monthly RatesMale Age: 80 Average Monthly Rates
AIGTerm life > $27N/AN/AN/A>$30$29.45$32.58$43.08$50.49$70.28$124.22
Accordia LifeTerm Life$16.91N/A$23.36N/A$56.07N/A$128.84N/AN/AN/AN/A
ANICOSignature Term$12.53$12.96$15.98$22.68$31.75$47.30$76.25$132.19$227.88NANA
AssurityTerm Life$16.31$16.31$21.32$28.49$43.07$62.64$100.05$153.99$245.78$465.67NA
BannerOPTerm$12.68$13.33$17.71$22.10$32.90$45.99$73.81$123.03$211.06$399.22NA
CincinnatTermsetter$13.42$14.96$18.70$22.88$32.56$49.50$78.98$140.36$257.40$456.94NA
Fidelity LifeTerm Life$19.14NA$25.01NA$54.59NA$73.92NANANANA
John HancockVitality Term$14.09$14.24$16.96$22.14$28.41$43.04$68.14$117.04$245.79$455.46$849.79
Liberty Mutual Term Life $33.75NA$55.13NA$144.68NA$399.83NANANANA
Lincoln NationalTerm Accel$12.34$12.63$15.22$21.84$30.96$46.75$71.95NANANANA
MassMutualVantage Term$13.28$13.48$16.98$24.58$35.03$53.50$82.65$147.03$256.00$478.08NA
Minnesota LifeAdvantage Elite$13.46$13.99$17.95$25.87$36.56NANANANANANA
Mutual of OmahaTerm Life Answers$13.33$14.19$19.35$23.22$33.33$50.31$80.84$148.35$274.13$525.68$908.38
Nassau LifeTerm Life $17.43NA$26.15NA$51.69NA$119.78NANANANA
NationwideYourLife$13.56$13.56$16.41$22.97$32.59$47.91$86.41$152.03$260.97NANA
North AmericanADDvantage$12.98$13.20$16.50$22.88$31.90$48.40$77.44$133.98NANANA
Pacific LifePromise Term$12.32$12.32$15.59$21.85$30.09$45.46$69.89$123.04$211.07$399.24$874.22
PrincipalTerm Insurance$12.69$12.69$15.80$23.05$31.15$45.65$71.97$126.66$217.44$410.99$902.78
ProtectiveClassic Choice$11.62$11.83$14.78$21.32$30.07$45.47$69.90$124.33$211.07$399.24NA
ProtectiveCustom Choice UL$11.87$12.08$15.10$21.77$31.46$47.82$73.23$131.78NANANA
PrudentialTerm Essentials$21.88$21.88$25.60$28.66$38.07$50.75$79.41$142.85$259.88$508.82NA
SagicorAccelerwriting Term$12.60$12.75$17.07$22.27$43.59$65.49$103.05$172.65$313.06$510.40NA
SBLILevel Term$11.80$12.07$14.53$20.96$31.88$48.12$75.61$129.70$225.74NANA
SymetraTerm 3.0$12.91$12.91$16.19$23.84$33.21$51.54$83.77$140.57$239.27$440.78$969.72
TransamericaTrendsetter Super$12.47$13.33$18.71$24.30$37.41$55.90$86.86$161.04$221.67$410.65$884.51
TransamericaTrendsetter LB$13.33$14.62$20.21$27.09$40.21$64.29$101.91$176.30$302.94$490.63$1072.64
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When comparing affordable Accordia Life vs. Principal life insurance rates, you can see that for men in their 30s and 40s, the companies’ rates are comparable, but Principal has the edge on affordability.

For men in their 50s, the disparity grows even more, as Accordia Life is almost $25 more expensive per month than Principal. Finally, for those men who are in their 60s, Principal is almost $57 cheaper per month than Accordia Life.

In short, it’s very safe to say that Principal Life Insurance Company wins in terms of the rates offered to men of various ages. Let’s move on and see if this holds true in terms of the rates offered to women.

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

The table below compares Accordia Life vs. Principal life insurance quotes for women, stacked up against those from other life insurance companies.

Sample Average Monthly Life Insurance Rates by Company and Product for Women
CompaniesProductFemale Age: 30 Average Monthly RatesFemale Age: 35 Average Monthly RatesFemale Age: 40 Average Monthly RatesFemale Age: 45 Average Monthly RatesFemale Age: 50 Average Monthly RatesFemale Age: 55 Average Monthly RatesFemale Age: 60 Average Monthly RatesFemale Age: 65 Average Monthly RatesFemale Age: 70 Average Monthly RatesFemale Age: 75 Average Monthly RatesFemale Age: 80 Average Monthly Rates
Accordia LifeTerm Life$15.58N/A$20.69N/A$40.03N/A$89.25N/AN/AN/AN/A
AIGSelect-A-Term$11.07$11.54$15.19$20.23$27.41$38.05$56.86$94.95$165.86$273.97$640.78
ANICOSignature Term$11.88$12.53$14.90$19.87$27.22$37.15$55.94$84.67$147.96N/AN/A
AssurityTerm Life$11.09$13.92$17.84$23.06$34.15$49.37$72.65$112.88$182.05$336.47N/A
BannerOPTerm$10.37$11.93$14.62$19.09$27.30$40.63$63.64$118.47$191.71$357.33N/A
CincinnatiTermsetter$12.98$14.96$16.72$20.46$27.28$38.06$56.76$91.74$154.44$306.46N/A
Fidelity LifeTerm Life $16.10N/A$22.62N/A$45.68N/A$58.32N/AN/AN/AN/A
John HancockVitality Term$12.39$12.61$14.86$20.09$23.86$37.73$50.94$83.61$176.04$369.26$843.44
Liberty MutualTerm Accel$10.51$11.05$13.70$18.93$25.86$35.44$51.35N/AN/AN/AN/A
Lincoln NationalLifeElements$16.10$16.63$21.22$28.22$37.41$50.75$74.81$112.44$199.06$371.83$655.77
MassMutualVantage Term$11.98$12.63$15.23$21.98$29.15$40.25$58.73$92.45$151.38$318.85NA
Minnesota LifeAdvantage Elite$12.67$12.67$16.10$23.23$30.89NANANANANANA
Mutual of OmahaTerm Life Answers$11.61$12.90$16.56$20.21$27.31$38.27$57.19$98.47$169.42$365.50$704.13
Nassau LifeTerm Life$16.14NA$22.52NA$42.11NA$89.06NANANANA
NationwideYourLife$13.34$13.34$16.19$20.13$27.13$37.19$61.69$95.16$153.56NANA
North AmericanADDvantage$11.66$12.10$14.96$20.02$26.62$37.62$54.34$85.80$138.82$281.60NA
Pacific LifePromise Term$10.82$11.47$14.24$19.10$25.16$34.42$49.88$80.43$131.35$270.85$637.03
PrincipalTerm Insurance$11.27$11.33$14.39$19.43$25.94$35.48$51.41$79.28$128.06$272.34$655.16
ProtectiveClassic Choice$10.43$10.78$13.31$18.64$25.12$34.43$49.88$80.43$131.36$270.86NA
ProtectiveCustom Choice UL$10.79$11.01$13.59$19.62$26.29$35.77$52.26$82.27$134.16$284.43NA
PrudentialTerm Essentials$17.72$18.16$21.22$28.22$37.63$41.35$59.07$94.72$159.03$309.32NA
SagicorAccelerwriting Term$10.95$11.22$15.10$20.43$36.75$48.64$63.78$108.79$212.88$366.31NA
SBLILevel Term$10.38$10.65$13.08$18.85$26.72$36.34$53.85$90.13$161.65NANA
SymetraTerm 3.0$11.81$11.81$14.39$19.91$25.94$38.06$52.97$85.97$138.25$273.88$692.34
TransamericaTrendsetter Super$11.18$12.26$16.34$20.86$29.89$47.09$71.81$130.94$207.05$312.18$750.14
TransamericaTrendsetter LB$12.26$13.12$17.63$22.36$32.25$49.24$81.06$143.62$241.33$389.37$887.74
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For women in their 30s and 40s, these two companies’ rates are again close. However, just like in the last section, you would be saving a little bit of money if you were to buy Principal life insurance

Females in their 50s will see their Accordia Life Insurance quotes cost about $14 more per month than Principal.

The disparity jumps more for women in their 60s as Principal is almost $38 cheaper per month than Accordia Life.

So, yet again, Principal wins. Let’s wrap up with company ratings and see if Principal can sweep this thing.

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Which company is more well-reviewed?

Before we part ways, we feel the need to stress the importance of company ratings from organizations such as A.M. Best and the Better Business Bureau (BBB).

Consumers see positive ratings from these organizations as assurance that a life insurance company can meet their needs.

The Better Business Bureau’s rating scale goes from the highest score of “A+” down to the lowest score of “F.”

Accordia Life received the Better Business Bureau’s second-highest possible rating of “A” but they don’t hold accreditation.

Principal Life Insurance received the highest possible rating of “A+” but also lacks BBB accreditation.

A.M. Best’s Financial Strength Rating (FSR) scale is slightly different in that it ranges from “A++” down to “D.” Not to mention, there are actually two different scales.

Accordia Life received an FSR of “A-” from A.M. Best. How did Principal do in terms of A.M. Best’s Financial Strength Rating scale? Principal scored an even better rating of “A+.”

A.M. Best also has what is called Long-Term Issuer Credit Ratings (Long-Term ICR). This rating is focused on a company’s financial future.

A Long-Term ICR can be issued on a long-term basis or short-term basis. This scale goes from the high end of “aaa” down to the low end of “c.”

Accordia Life scored an A.M. Best Long-Term Issuer Credit Rating of “a” and Principal again received an even higher rating of “aa.”

Should you buy Accordia Life vs. Principal life insurance? In short, you have two excellent options here, but Principal certainly rises above Accordia Life.

Now that you’ve finished this Accordia Life vs. Principal review, type your ZIP code into our free and helpful tool below. You will be able to find all of the cheapest life insurance quotes offered in your local area.

Frequently Asked Questions: Accordia Life vs. Principal

What follows is a frequently asked question about Accordia Life and Principal.

#1 – Does either of these companies offer dental insurance?

Principal dental insurance is available to their insured.