Sara Routhier, Managing Editor of Features and Outreach, has professional experience as an educator, SEO specialist, and content marketer. She has over five years of experience in the insurance industry. As a researcher, data nerd, writer, and editor she strives to curate educational, enlightening articles that provide you with the must-know facts and best-kept secrets within the overwhelming worl...

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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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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 life insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different 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.

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The Brief

  • Accordia Life and American Amicable have excellent ratings
  • Accordia Life has had more complaints over the past three years
  • American Amicable has more options to customize a policy

Accordia Life and American Amicable offer life insurance in over 40 U.S. states. Comparing Accordia Life vs. American Amicable will allow you to determine which of these providers best fits your life insurance needs.

A.M. Best has given both of these providers strong grades, showing that they provide quality service and have financial strength.

The primary differences between Accordia Life and American Amicable come in the types of life insurance provided and the additional options that can be added to a policy.

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Accordia Life vs. American Amicable: How do ratings compare?

Comparing Accordia Life vs. American Amicable ratings can be difficult, as both are viewed highly by the rating companies.

Accordia Life insurance received an “A” (excellent) from A.M. Best, an “A-” (strong) by S&P, and an A3 by Moody’s. This means that the company is considered financially strong and stable by all three companies.

American Amicable life insurance has only received a rating from A.M. Best, but that rating is an “A” (excellent). It has not been rated by either S&P or Moody’s.

At the time of this review, Accordia Life has received 48 complaints via the Better Business Bureau (BBB) over the past three years. Most of those complaints have been about the provider’s products and services, with the remaining being about advertising and sales.

American Amicable has had 18 complaints via the Better Business Bureau over the past three years. These complaints have primarily been about products and services.

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Accordia Life vs. American Amicable: What insurance policies are offered?

Both Accordia Life and American Amicable offer term life insurance, ranging from 10-year terms to 30-year terms. This allows those purchasing life insurance to acquire coverage for a limited time at a fixed rate.

The companies also both offer whole life and universal life insurance. These types of permanent life insurance are guaranteed until death. Universal life policies allow more flexibility for premiums and death benefits so that adjustments can be made when life changes occur.

A primary difference when comparing Accordia Life vs. American Amicable insurance policies is that the former offers indexed universal life coverage.

While similar to universal life, the primary difference between the two is how the earned interest is calculated. Traditional UL credits a minimum interest rate each year, while the interest rate of UIL is based on the stock market.

Accordia Life vs. American Amicable: What riders are available?

Life insurance providers often offer riders, additional options that can be included with the policy or require an additional premium payment. Accordia Life and American Amicable offer riders that are included with policies and are separate offerings.

Accordia Life has core riders that are automatically included in their universal policy. These riders include:

  • Wellness for life
  • Terminal illness
  • Accelerated death benefit
  • Overloan protection
  • Waiver of surrender charge due to confinement
  • Accelerated access rider

Accordia Life also has optional riders, which include:

  • Primary insured
  • Additional insured
  • Guaranteed purchase options
  • Children’s insurance
  • Accidental death benefit
  • Waiver of monthly deduction
  • Waiver of a specified premium

American Amicable life insurance offers accelerated living benefits at no additional cost with its policies. This allows the insured person to use the policy’s death benefit while alive if they are diagnosed with a terminal or critical illness.

The company also offers various optional riders. These riders include:

  • Total disability
  • Waiver of premium for unemployment
  • Waiver of premium for disability
  • Children’s insurance
  • Accidental death benefit
  • Grandchild insurance
  • Nursing home waiver of premium
  • Children’s insurance agreement
  • Family insurance agreement

Availability of the riders depends on the policy chosen and the state.

Accordia Life vs. American Amicable: What are term life monthly rates?

A major determining factor for many people when comparing Accordia Life vs. American Amicable is the life insurance rates. The rate chart below will allow you to compare these two life insurance companies head-to-head.

Accordia Life vs. American Amicable: $250,000 Term Life Average Monthly Rates for Males
CompanyAge 50 Male: Average Monthly RatesAge 60 Female: Average Monthly Rates
Accordia Life$56.07$153.53
American Amicable$87.75$190.35
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The next table shows similar rates for females.

Accordia Life vs. American Amicable: $250,000 Term Life Average Monthly Rates for Females
CompanyAge 50 Female: Average Monthly RatesAge 60 Female: Average Monthly Rates
Accordia Life$40.03$89.25
American Amicable$58.50$136.35
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As you can see, males usually pay more for life insurance.

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Accordia Life vs. American Amicable: Can you access policy information on a mobile device?

Neither Accordia Life nor American Amicable has mobile applications for mobile devices. However, both companies have mobile-friendly websites that allow customers to access their accounts.

Accordia Life can be accessed through the Global Atlantic website while American Amicable has a separate website. From there, you can access the American Amicable agent login and policy owner login pages, providing secure access to your information.

Accordia Life vs. American Amicable: History

Accordia Life and Annuity Company is a subsidiary of Global Atlantic Financial Group, a multi-line insurance company. Global Atlantic was founded in 2004 by Goldman Sachs and became an independent company in 2013.

At that time, Global Atlantic acquired the Aviva USA life division and renamed it Accordia Life.

The American Amicable life insurance company has a long history of providing life insurance, dating back to 1910. In 2010, the company was acquired by Industrial Alliance, becoming its Texas-based life insurance subsidiary.

Accordia Life vs. American Amicable: The Bottom Line

The best life insurance provider for a person largely depends on individual preferences. This might include policy customization or monthly rates.

There are a few differences between the offerings of Accordia Life and American Amicable and knowing them will help you decide which is best for you.

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Frequently Asked Questions

Here are the answers to some frequently asked questions about life insurance.

#1 – Can I buy life insurance online?

Both Accordia Life and American Amicable allow customers to buy coverage online via their websites.

#2 – Can I buy other types of insurance?

American Amicable only sells life insurance while Accordia Life sells life insurance and annuities. You can buy other types of insurance through other subsidiaries of the parent company.

#3 – Can I receive any discounts on coverage?

American Amicable doesn’t offer any discounts on coverage but Accordia Life does through their Wellness for Life rider.