Accordia Life vs. Fidelity Life: Best Life Insurance Company in 2021
When comparing insurers like Accordia Life vs. Fidelity Life, it is for the best that you analyze not only pricing but company ratings as well. Fidelity Life tends to offer more competitive rates than Accordia Life. Furthermore, Fidelity Life holds the higher Better Business Bureau rating. Lastly, Accordia Life holds the higher rating from A.M. Best.
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UPDATED: Apr 8, 2021
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- Fidelity Life offers more competitive rates than Accordia Life to women of various ages
- Fidelity Life and Accordia Life offer comparable rates to men of various ages
- Fidelity Life is more well-reviewed by the Better Business Bureau
- Accordia Life is more well-reviewed by A.M. Best
Today we are going to be narrowing down the sometimes complex process of comparing life insurers. To simplify the process, we’re going to be focusing exclusively on Accordia Life vs. Fidelity Life.
If you would like to learn more about Accordia Life and Annuity Company and what they have to offer their insured, be sure to read our Accordia Life insurance review.
In the meantime, before we really dive into our comparison of Accordia Life vs. Fidelity Life, type your ZIP code into our free and helpful tool above to find affordable life insurance quotes in your area.
Accordia Life vs. Fidelity Life: Which company offers better rates to females?
When you begin comparing life insurers, you probably want to start with what is most important to you. For the majority of people, that would be a company’s pricing.
The table that follows shows the rates offered by not just Fidelity Life and Accordia Life, but several other of the biggest life insurers as well. This data is for $250,000 20-Year Term Life insurance policies.
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As you can see, for women in their 30s, Accordia Life is less than one dollar more expensive than Fidelity Life. This is quite close, let’s see if that becomes a tendency.
For women in their 40s, Fidelity Life is yet again cheaper than Accordia Life by one dollar. Seventy-four cents, to be exact.
For women in their 60s, there is a bit of a jump. For this category, Accordia Life is over 10 dollars per month more expensive than Fidelity Life.
Let’s move on and compare the rates offered to males to see if Fidelity Life wins again. First, though, if you’d like to learn more about this company, be sure to read our Fidelity Life Association review. Be aware this is different from Fidelity & Guaranty Life.
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Accordia Life vs. Fidelity Life: Which company offers better rates to males?
We’re now going to do the same thing we did in the section before, though this time we’re going to analyze the rates offered to men.
|Companies||Product||Age 30 Average Monthly Rates (Female)||Age 35 Average Monthly Rates (Female)||Age 40 Average Monthly Rates (Female)||Age 45 Average Monthly Rates (Female)||Age 50 Average Monthly Rates (Female)||Age 55 Average Monthly Rates (Female)||Age 60 Average Monthly Rates (Female)||Age 65 Average Monthly Rates (Female)||Age 70 Average Monthly Rates (Female)||Age 75 Average Monthly Rates (Female)||Age 80 Average Monthly Rates (Female)|
|Accordia Life||Term Life||$15.58||N/A||$20.69||N/A||$40.03||N/A||$89.25||N/A||N/A||N/A||N/A|
|Fidelity Life||Term Life||$16.10||N/A||$22.62||N/A||$45.68||N/A||$58.32||N/A||N/A||N/A||N/A|
|John Hancock||Vitality Term||$12.39||$12.61||$14.86||$20.09||$23.86||$37.73||$50.94||$83.61||$176.04||$369.26||$843.44|
|Liberty Mutual||Term Accel||$10.51||$11.05||$13.70||$18.93||$25.86||$35.44||$51.35||N/A||N/A||N/A||N/A|
|Minnesota Life||Advantage Elite||$12.67||$12.67||$16.10||$23.23||$30.89||NA||NA||NA||NA||NA||NA|
|Mutual of Omaha||Term 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 Life||Term Life||$16.14||NA||$22.52||NA||$42.11||NA||$89.06||NA||NA||NA||NA|
|Pacific Life||Promise Term||$10.82||$11.47||$14.24||$19.10||$25.16||$34.42||$49.88||$80.43||$131.35||$270.85||$637.03|
|Protective||Custom Choice UL||$10.79||$11.01||$13.59||$19.62||$26.29||$35.77||$52.26||$82.27||$134.16||$284.43||NA|
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As you can see, for men in their 30s, Fidelity Life is over two dollars more expensive per month than Accordia Life. Pretty close, right? Let’s see if this holds true for men in their 40s and 50s.
For men in their 40s, the gap narrows a bit, as Accordia Life is less than two dollars cheaper than Fidelity Life Insurance. Finally, for men in their 50s, Accordia Life is actually more expensive than Fidelity Life by less than two dollars.
In short, these two companies’ rates for men are comparable. Let’s wrap up with how these companies are reviewed to see if we can have a clear winner here.
Accordia Life vs. Fidelity Life: Which company is more well-reviewed?
One final thing to analyze when you are comparing insurers is their ratings from companies like A.M. Best and the Better Business Bureau. These companies can help instill confidence in consumers and improve the chances of them choosing a particular insurer.
The Better Business Bureau’s system goes from the high end of A+ down to the lowest rating of F. Accordia Life received the BBB’s second-highest rating, which is an A. With that being said, Accordia Life does not currently hold BBB accreditation.
How did Fidelity Life do with the BBB? It turns out that not only is it Better Business Bureau accredited, but it also holds the highest possible rating of A+.
A.M. Best’s rating scale is a little different in that it ranges from the high end of A++ down to the low end of D. Accordia Life received an “A-” rating from A.M. Best.
Did Fidelity Life do any better with A.M. Best? It turns out it has an identical “A-” (Excellent) rating.
A.M. Best also has what is known as Long Term Issuer Credit Ratings. Essentially, these ratings inform the customer of how financially secure a company will be in the immediate future.
Let’s see if the Long-Term ICR can tip the scales in terms of company ratings for Accordia Life and Fidelity Life. Accordia Life holds a rating of “A” while Fidelity life has a slightly lower rating of “A-“.
So in short, Fidelity Life has the better BBB score while Accordia Life has the better A.M. Best score. All in all, you have two terrific options here.
But don’t let your insurer comparison of Accordia Life vs. Fidelity Life stop here. Type your ZIP code into our free and helpful tool below to find affordable life insurance quotes in your area.