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 4, 2021

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The Brief

  • MassMutual is rated higher by the most trusted rating agencies
  • MassMutual offers more options in term and universal life coverages
  • Accordia Life offers indexed universal life coverage

Accordia Life and MassMutual have both been rated highly by the most trusted life insurance rating agencies. Comparing Accordia Life vs. MassMutual ratings will show that MassMutual has slightly higher ratings than its competitor.

Both providers offer term life and permanent life options. While their term life policies are very similar, MassMutual offers more options within each of its policy types. Accordia Life does offer indexed universal life insurance, an additional policy missing from MassMutual’s options.

If you’re ready to compare life insurance quotes, enter your zip code to find the best life insurance rates in your area from local companies.

Accordia Life vs. MassMutual: How do their ratings compare?

Accordia Life and MassMutual have been rated highly by the most trusted life insurance rating agencies.

This includes A.M. Best, Moody’s, and Standard and Poor’s (S&P). These ratings judge the providers’ financial strength, determining whether they can handle payouts when claims are filed.

Accordia Life insurance was given an “A” by A.M. Best, an “A3” by Moody’s, and an “A-” by S&P. The grade provided by A.M. Best is the second-highest on their scale, while the grades from Moody’s and S&P are the seventh-highest that they provide.

MassMutual life insurance performed better when being judged by the rating agencies.

It was given an “A++” by A.M. Best, an “Aa3” by Moody’s, and an “AA+” by S&P. The ratings provided by A.M. Best and S&P are among the highest they issue, while Moody’s rating is the fourth highest on their scale.

While MassMutual was given higher grades by each of these three rating agencies, the grades show that both providers are capable of providing payouts to customers, even during tough economic times.

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Accordia Life vs. MassMutual: Do they have complaints?

The Better Business Bureau (BBB) reviews businesses and rates them based on their business practices and complaint history.

The organization’s website allows customers to list complaints about their experiences with the company. The complaints are listed on the company’s page for three years.

At the time of this comparison, Accordia Life has received 46 complaints over the past three years and been rated an “A” by the Better Business Bureau. These complaints have primarily been regarding services and billing.

The Better Business Bureau has received 48 complaints about MassMutual over the past three years. Their rating of “B-” is because the vast majority of these complaints have been about its products and services instead of billing or advertising.

Accordia Life vs. MassMutual: What policies do they offer?

Accordia Life and MassMutual offer term life and permanent life options. MassMutual offers more options within each type of policy but Accordia Life offers an additional policy in indexed universal life insurance.

Accordia Life offers term life policies in 10, 15, 20, 25, and 30-year terms.

The minimum amount of coverage is $50,000, a lower amount than is offered by most competitors. The minimum and maximum ages that are covered by the provider’s term life coverage depends on the length of the term. The term lengths include:

  • 10-year term – 18-75 years of age
  • 20-year term – 18-65 years of age
  • 30-year term – 18-55 years of age

In addition to term life coverage, Accordia Life offers whole, universal, and indexed universal life options.

The primary difference between these coverages is that whole life features a fixed premium, universal life features a flexible premium, and indexed universal life features a cash value that can grow with interest.

MassMutual offers two types of term life insurance; term insurance and Direct Term.

Both are available in 10, 15, 20, 25, and 30-year terms. While coverage for both starts at $100,000, the maximum is $10 million for term life and $3 for Direct Term. Both types of term life coverage are available between 18 and 75 years of age.

In addition to the maximum amount of coverage, the primary difference is how they can be obtained. While Direct Term features an online application and quick approval, all other policies must be obtained through an agent, which takes longer.

MassMutual offers both whole and universal permanent life options. There are 10 different whole life policies with the minimums ranging from $25,000 to $100,000 depending on the policy chosen. The ages of the policies differ as well but are available up to 90 years of age.

The provider offers three types of universal coverage; UL Guard, SUL Guard, and VUL III.

Featuring flexible premiums, the minimums of this type of coverage range from $50,000 to $100,000. SUL Guard and UL Guard are available for those between 18 and 75 years of age while VUL III is available for those aged 18 to 90.

Accordia Life vs. MassMutual: What riders are offered?

Most life insurance providers offer additional options that can be added to a policy. Known as riders, some are automatically included with certain policies while most are available for an additional premium.

Both Accordia Life and MassMutual offer various life insurance riders that can be added to a policy.

Both providers offer the accelerated death benefits rider with their permanent life offerings. This rider allows the policyholder to access a portion of their policy before death if they are suffering from a terminal illness.

Optional 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

Optional riders offered by Mass Mutual include:

  • Extended conversion period (ECP)
  • Life insurance supplement
  • Long term care access or accelerated benefit
  • Renewable term
  • Guaranteed insurability
  • Yearly term purchase
  • Disability waiver of a premium
  • Waiver of a premium on the death of insured

Other riders are optional and can be added on for an additional premium.

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Accordia Life vs. MassMutual: Pros and Cons

There are positives and negatives to choosing either of these providers. Determining the importance of each of these pros and cons will help you decide which company you want to go with.

The good aspects of Accordia Life include the fact that it has a wide variety of riders. This allows you to customize your policy to fit your needs. It also has excellent financial strength, ensuring that you won’t have any problems when submitting a claim.

While Accordia Life has a large number of riders, it features a limited selection of products. It also has a larger-than-average number of complaints for a company of that size.

MassMutual’s positives include the fact that it has a large number of options and riders, making it much easier to find a policy that fits your needs. It has some of the highest financial ratings in the industry, ensuring that you won’t have any trouble receiving a payout.

Negatives of MassMutual include that only one policy can be applied for online, with the rest requiring an agent. It has a mobile app, but it can only be used for retirement savings services. There are no mobile applications to assist with an independent life insurance policy.

Accordia Life vs. MassMutual: How do you apply?

Accordia Life allows customers to apply and receive approval either online or through an agent. If you choose to apply online, it can be done on a desktop or through its mobile-friendly website, accessible on all mobile devices.

MassMutual only allows those applying for Direct Term insurance to apply online. For any other types of life insurance, customers must contact an agent. Once insurance has been obtained, customers can use their MassMutual login to access information or make changes online.

Accordia Life vs. MassMutual: History

Originally named Aviva USA, Accordia Life and Annuity Company is a subsidiary of Global Atlantic Financial Group.

The parent company was founded by Goldman Sachs before becoming an independent organization in 2004. In 2013, Global Atlantic purchased Aviva USA, making Accordia Life its life insurance provider.

The Massachusetts Mutual Life Insurance Company was founded in 1851 and has since become the country’s fourth-largest life insurance company.

Offering various types of life insurance and retirement programs, the most common include the MassMutual retirement plans, which include MassMutual 401k and MassMutual Retiresmart.

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Accordia Life vs. MassMutual: The Bottom Line

When comparing Accordia Life vs. MassMutual, the right decision depends on your individual preferences. Both companies are highly rated so the decision largely depends on the type of policy you wish to purchase. Examining each policy offered will help you make that decision.

Start comparing free life insurance quotes today. Enter your zip code below to find the top life insurance rates in your area.

Frequently Asked Questions

#1 – Can I buy other types of insurance?

MassMutual only offers life insurance and retirement plans. Accordia Life customers can obtain other types of insurance through the various Global Atlantic subsidiaries.

#2 – What are my payment options?

Policyholders can make payments by credit card, debit card, automatic bank draft, or check.

#3 – How much information is needed during the application process?

The application process asks a few simple “yes” or “no” health questions. Applicants don’t require any medical exams to receive acceptance of their application.

#4 – What is the whole life insurance dividend rate?

Accordia Life doesn’t have a dividend rate because its whole life offering doesn’t include cash value. On the other hand, MassMutual features one of the highest dividend rates in the industry at 6.0.