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 18, 2021

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The Brief

  • Principal Insurance is cheaper than Accordia Life across four demographics for males
  • Principal is cheaper than Accordia Life across four demographics for females
  • Principal is more well-reviewed than Accordia Life by the Better Business Bureau and A.M. Best

If you’re with us today, you must be looking for your next, or perhaps first, life insurer. Insurance comparison is a complicated process so we’re going to be focusing exclusively on Accordia Life vs. Principal.

If you’d like to learn more about the rates offered, discounts offered, and the history of Accordia Life insurance, be sure to read our Accordia Life insurance review.

Before learning more about Accordia Life vs. Principal, feel free to 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 offers better rates for males?

When you begin comparing insurers, it’s best to start with what is most important: pricing. Whether you’re searching for affordable Accordia life insurance or affordable Principal life insurance, you won’t find what you need without comparing quotes.

Let’s take a look at a table that compares not just Accordia Life and Principal’s 20-year term rates but all of the main insurers’ rates for various demographics, all of whom are male.

Average Monthly 20-Year Term Life Insurance Rates by Company and Age (Males)
CompanyAge 30 Average Monthly RatesAge 40 Average Monthly RatesAge 50 Average Monthly RatesAge 60 Average Monthly Rates
Protective $13.12 $17.85 $41.50 $111.59
Banner $13.33 $19.26 $40.85 $111.13
AIG $13.54 $19.38 $42.73 $114.74
Foresters $13.56 $18.81 $42.66 $114.84
Lincoln$13.56 $18.38 $46.55 $190.53
Mutual of Omaha $13.56 $20.08 $46.55 $134.05
Principal $14.66 $19.03 $42.61 $110.03
SBLI $14.79 $21.67 $51.68 $147.70
Accordia Life $16.91 $23.36 $56.07 $153.53
Prudential  $20.34 $24.50 $45.50 $128.84
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As you can see, the table shows four separate demographics of men. There are rates for men in their 30s, 40s, 50s, and 60s.

It is of note that Principal life insurance quotes are cheaper than Accordia life insurance quotes for all four demographics. This is fairly substantial, and it’s safe to say that Principal wins in terms of pricing.

If you’d like to learn more about this company’s rates, discounts, and company history, be sure to read our Principal Life Insurance company review. Just keep in mind it won’t show anything about Principal dental insurance. Let’s now move on to the rates offered to females of various ages.

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Accordia Life vs. Principal: Which offers better rates for females?

Let’s do what we did in the previous section, but this time it will be a 20-year term for a female.

Average Monthly 20-Year Term Life Insurance Rates by Company and Age (Females)
CompanyAge 30 Average Monthly RatesAge 40 Average Monthly RatesAge 50 Average Monthly RatesAge 60 Average Monthly Rates
Protective $11.83 $15.27 $31.18 $77.61
Banner $11.74 $15.67 $31.17 $78.83
AIG $11.81 $18.51 $35.59 $89.66
Foresters $12.47 $16.63 $31.94 $85.97
Lincoln$12.08 $16.14 $32.77 $160.13
Mutual of Omaha $12.64 $19.21 $36.05 $94.02
Principal $13.13 $16.63 $32.90 $77.92
SBLI $13.31 $18.99 $36.46 $90.37
Accordia Life $15.58 $20.69 $41.83 $101.24
Prudential $17.28 $22.53 $40.03 $89.25
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As you can see, across the four ages, Principal life insurance rates are again cheaper than Accordia life insurance rates. Let’s now go ahead and wrap up with how these two companies are reviewed.

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Accordia Life vs. Principal: Which is more well-reviewed?

One last thing to look out for when you are comparing insurers is their ratings from A.M. Best and the Better Business Bureau.

The Better Business Bureau’s rating scale goes from A+ all the way down to F. Accordia Life and Annuity Company received a rating of A from the Better Business Bureau, but they are not currently accredited.

How did Principal do? They did much better, holding the highest rating of A+ as well as accreditation.

A.M. Best’s rating scale ranges from A++ down to D. From A.M. Best, Accordia Life has a rating of A- (Excellent). How did Principal do with A.M. Best? They have the second-highest rating possible of A++. So, in terms of company ratings, Principal easily wins.

Whether you’ve decided by now to buy Accordia life insurance, buy Principal life insurance, or if your search for a life insurance company continues, we hope you’ve learned what you came here for.

Now that you know more about Accordia Life vs. Principal, type your ZIP code into our free and helpful tool below to find affordable life insurance quotes in your area.