Sara Routhier, Managing Editor and Outreach Director, 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 world o...

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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 4, 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.

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.

The Brief

  • Accordia Life offers indexed life insurance
  • Foresters Financial offers final expenses insurance
  • Accordia Life is rated higher by the Better Business Bureau

Accordia Life and Foresters Financial are companies that provide affordable life insurance to customers throughout the United States.

While the two providers have similar products, a thorough comparison of Accordia life vs. Foresters Financial will help you determine which one best fits your family’s needs.

A.M. Best, the Better Business Bureau, and S&P have all given high ratings to Accordia Life and Foresters.

Differences between Accordia Life vs. Foresters Financial include Accordia Life offering an indexed life insurance option and Foresters Financial offering final expenses insurance. However, Accordia Life is a subsidiary of Global Atlantic and there are additional options from the parent company.

Always compare your life insurance options before you buy. Enter your ZIP code to find the best life insurance quotes for your family.

Accordia Life vs. Foresters Financial: How do their ratings compare?

Accordia Life and Foresters Financial have been rated highly by the most respected rating agencies. The two providers have received at least an “A-” from A.M. Best, the Better Business Bureau, and S&P.

Accordia Life has been rated an “A” by A.M. Best and the Better Business Bureau, considered excellent by the two rating agencies. S&P rated the provider a slightly lower “A-,” which the agency lists as being “strong.”

Foresters Life Insurance was rated an “A” by both A.M. Best and S&P, the second-highest rating a company can achieve. They were given an “A-” by the Better Business Bureau due to their unusually high number of complaints.

The ratings are primarily based on financial strength, telling customers the likelihood that the company will be able to provide a payout when claims are filed. This is important with life insurance where the primary objective is to protect your family by decreasing their potential debt.

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Accordia Life vs. Foresters Financial: Do they have complaints?

As a part of their Accordia Life and Foresters Financial reviews, the Better Business Bureau allows customers to list complaints. Both Accordia Life and Foresters Financial have received more than the average amount of complaints about a life insurance provider.

At the time of this comparison, Accordia Life has received 48 complaints over the past three years. Those complaints include 26 about their products and services, 21 about their billing and collections, and one about their advertising and sales.

Foresters Financial has received a similar number of complaints to the Better Business Bureau, accumulating 31 complaints over the past three years. The complaints include 27 regarding products and services, three regarding billing and collection, and one regarding advertising and sales.

Reading through the complaints can help determine their validity as some might be more of a concern for you than others.

Accordia Life vs. Foresters Financial: What insurance policies are offered?

Accordia Life and Foresters Financial offer very similar insurance policies to their customers. They offer term life policies of 10, 15, 20, 25, and 30-year increments, whole life insurance, and universal life insurance. The latter two are permanent life policies that last for the lifetime of the policyholder.

In addition to term life, whole life, and universal life, Accordia Life also offers an indexed universal life plan. The difference between universal life and indexed universal life is that universal life has flexible premiums, while indexed universal life comes with a cash value that earns interest.

Although Foresters Financial doesn’t offer indexed universal life, they do offer a final expense insurance plan, called Foresters PlanRight.

Also called “funeral insurance,” final expense insurance allows a policyholder to put money away for their funeral. This places less burden on family members that might be responsible for the occasion.

While Accordia Life doesn’t offer final expense insurance, Forethought is another subsidiary of Global Atlantic and offers life insurance policies for funeral expenses.

Accordia Life vs. Foresters Financial: What riders are offered?

When comparing Accordia Life vs. Foresters Financial, you might find a policy that you like but without the coverage you desire.

Most life insurance providers offer riders, or options, to customize a policy. Both Accordia Life and Foresters Financial have various riders that can be added for an additional premium.

One rider that both providers feature for free is the accelerated benefits rider. This is included with a universal life policy and allows access to a portion of the policy before death if you have a terminal illness.

The riders offered by Accordia Life include:

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

The riders offered by Foresters Financial include:

  • Accidental death
  • Guaranteed insurability
  • Waiver of premium
  • Owner waiver of premium
  • Children’s term life insurance
  • Additional Purchase Option

The Accordia Life insurance company offers these riders that can be added to any life insurance policy

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Accordia Life vs. Foresters Financial: Can you access policy information on mobile devices?

Some life insurance providers have created mobile apps for access on various devices.

Neither Accordia Life nor Foresters Financial features a life insurance mobile app but both have mobile-friendly websites. These websites allow you to view your policy information, make changes, and make payments from any browser.

Foresters Financial does have a mobile app but it is limited to their business services and doesn’t allow access to life insurance accounts.

Accordia Life vs. Foresters Financial: History

Founded in 2004, Global Atlantic has several subsidiaries from which customers can buy various types of insurance. Aviva USA was purchased in 2013 by Global Atlantic and renamed Accordia Life and Annuity Company.

Since then, the subsidiary has provided life insurance options to Global Atlantic customers.

Foresters Financial Services was founded in 1874 as a fraternal benefit society. That means that they are a not-for-profit company that provides mutual aid and benefits to its members. The company is still set up the same way, meaning that they have members instead of policyholders.

Accordia Life vs. Foresters Financial: The Bottom Line

There are many similarities found when comparing Accordia Life vs. Foresters Financial, but also some differences. While both are similarly rated by rating agencies, each one offers a product the other lacks. If cost isn’t a concern, coverage availability could be the differentiating factor.

Enter your ZIP code to find the more affordable life insurance rates in your area.

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Frequently Asked Questions

If you still have some questions regarding life insurance, here are some answers.

#1 – Can I buy life insurance online?

Accordia Life allows customers to apply, receive approval, and make payment online. Buying life insurance from Foresters Financial makes you a member and can be done by contacting their agents.

#2 – How can I make payments?

Customers of both Accordia Life and Foresters Financial can make payments through their website, by phone, or by mail. Payments can be made by credit card, debit card, automatic bank draft, or check.

#3 – When should I review my life insurance policy?

It’s recommended that you review your life insurance policy and consider any necessary changes at least once every five years.

#4 – Why do I need life insurance?

When you pass away, those who rely on you financially could be in a tough situation. Life insurance will ensure that they are protected when you’re no longer there.