Accordia Life vs. Prudential: Best Life Insurance Company in 2021

Comparing Accordia Life vs. Prudential finds two companies with different products. Accordia Life sells indexed universal life insurance and pre-need insurance, while Prudential sells term life insurance and universal life insurance. Prudential life insurance rates can be less expensive, and both companies have excellent financial ratings with A.M. Best.

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Rachael Brennan has been working in the insurance industry since 2006 when she began working as a licensed insurance representative for 21st Century Insurance, during which time she earned her Property and Casualty license in all 50 states. After several years she expanded her insurance expertise, earning her license in Health and AD&D insurance as well. She has worked for small health in...

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Benjamin Carr was a licensed insurance agent in Georgia and has two years' experience in life, health, property and casualty coverage. He has worked with State Farm and other risk management firms. He is also a strategic writer and editor with a background in branding, marketing, and quality assurance. He has been in military newsrooms — literally on the frontline of journalism.

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Reviewed by Benji Carr
Former Licensed Life Insurance Agent

UPDATED: Jul 19, 2021

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Quick Facts

  • Accordia Life provides indexed universal life insurance and pre-need insurance
  • Prudential offers term life insurance and universal life insurance
  • Both companies have excellent financial ratings from A.M. Best
  • Prudential offers many services online and via the app

Accordia Life and Prudential both offer a broad spectrum of life insurance policies to potential clients.

This Accordia Life vs. Prudential company review will evaluate both companies’ insurance products, including term life insurance, permanent life insurance, and pre-need life insurance.

After you read this Accordia Life vs. Prudential review, find a life insurance company that is right for you by using our free quote comparison tool above.

Accordia Life vs. Prudential Life Insurance Options

Accordia Life and Prudential both offer several types of life insurance options to their policyholders.

Accordia Life Products

Accordia Life offers two types of life insurance coverage: indexed universal life insurance and pre-need life insurance.

Indexed universal life insurance is a type of permanent life insurance that accumulates cash value based on interest rates.

Accordia’s indexed universal life insurance products include:

  • LifeTime Foundation ELITE: A standard policy
  • LifeTime Builder ELITE: A flexible policy with death benefit options, three policy loan options, and multiple interest-crediting strategies
  • Global Accumulator: A policy with the option of SMART buy-up crediting strategy for an additional fee

Along with indexed universal life insurance, Accordia offers pre-need coverage.

Pre-need life insurance is a type of permanent life insurance that includes a funeral home listed as the beneficiary. When creating the policy, the policyholder will plan future funeral services, which determines the death benefit.

When the policyholder passes away, their death benefit is paid directly to the funeral home they chose. This ensures the policyholder’s family does not have to make arrangements or pay for expenses themselves.

Prudential Products

Prudential offers term life insurance along with a few types of universal life insurance.

Term life insurance is an option for many people who are looking for non-permanent life insurance. Most policies can span decades. Prudential offers four major types of life insurance coverage to their policyholders:

  • SimplyTerm: A basic, non-convertible term life insurance policy
  • Term Essential: A convertible life insurance policy
  • Term Elite: Similar to Term Essential with a few extra benefits
  • PruTerm One: Offers a one-year term for short-term needs

Unlike term life insurance, universal life insurance is a type of permanent life insurance coverage that offers policyholders the option of flexible premiums and a cash value associated with their policies.

Prudential offers multiple options for universal policies, including:

  • PruLife Essential UL: A basic policy
  • PruLife SUL Protector: For multiple policyholders
  • PruLife Founders Plus UL: Options for fixed or indexed rates
  • PruLife Index Advantage UL: Multiple rate options
  • PruLife Survivorship Index UL: For two policyholders

Prudential also offers variable universal life insurance, which builds cash value based on specific investment options.

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Prudential’s variable universal life insurance policies include:

  • VUL Protector: A moderate risk with a no-lapse guarantee
  • PruLife Customer Premier II: A high-risk policy with the potential for growth and a no-lapse guarantee
  • PruLife SVUL Protector: For multiple policyholders

But what about their rates?

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Accordia Life vs. Prudential Life Insurance Rates

Because Accordia and Prudential offer different products, rates for these companies can be tricky to compare. Still, we have some samples of Accordia Life vs. Prudential life insurance quotes here.

Average life insurance rates based on age and gender with Accordia Life are as follows:

Sample Accordia Average Monthly Life Insurance Rates by Age and Gender
Age of Female Non-SmokerAccordia Life Average Monthly Rates $100,000/20-year (Men)Accordia Life Average Monthly Rates $100,000/20-year (Women)
25$11.93$10.68
30$12.28$10.77
35$12.28$11.57
40$16.02$13.71
45$22.16$17.53
50$30.79$23.85
55$46.10$33.38
60$75.38$52.51
65$166.88$95.68
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Comparatively, Prudential’s standard rates for life insurance based on gender, age, and policy amount can be seen below.

Sample Prudential Average Monthly Life Insurance Rates by Age, Gender, and Coverage
Gender and CoverageAge 25 Average Monthly RatesAge 35 Average Monthly RatesAge 45 Average Monthly RatesAge 55 Average Monthly Rates
$100,000: 20-Year Term (Male)$14.70$15.49$20.39$37.28
$100,000: 20-Year Term (Female)$12.87$13.13$19.17$28.88
$250,000: 20-Year Term (Male)$19.03$20.78$29.97$71.53
$250,000: 20-Year Term (Female)$16.41$17.72$29.10$53.82
$500,000: 20-Year Term (Male)$30.63$34.13$52.50$135.63
$500,000: 20-Year Term (Female)$25.38$28.00$50.75$100.19
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In comparing rates, the companies are quite similar, though Prudential’s rates are a bit cheaper as age increases.

However, in order to make the most educated guess when it comes to individual policies, your best bet is to shop around and find rates from multiple companies and on multiple policies.

This will ensure you know all your options and will likely also help you save money.

Accordia Life vs. Prudential: Which company has better financial ratings?

Before you decide whether to buy Accordia Life vs. Prudential life insurance, you should consider their ratings. Accordia Life and Annuity Company has a financial strength rating of A from A.M. Best, which means the company has an excellent ability to meet any and all financial obligations.

Prudential’s parent company, Prudential Financial, Inc., has a financial strength rating of A+, making it slightly more financially sound than Accordia Life.

With this in mind, both companies are a safe option when it comes to your beneficiary receiving the benefits to which they are entitled.

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Do Accordia Life and Prudential have apps I can use?

Accordia Life does not offer life insurance quotes online or on an app. Interested individuals will have to contact an agent to learn about individual policies and purchase a policy.

Similarly, Accordia does not allow policyholders to file claims or view the status of claims via an app. Instead, claims will need to be filed by phone.

On the other hand, Prudential offers life insurance quotes on its website. Interested individuals can peruse policy options and purchase policies online.

Policyholders can easily file a claim with Prudential by using their Prudential login (which they can then use to manage any applicable Prudential retirement products), or they can contact an insurance agent.

Additionally, Prudential has an app that allows policyholders to view the status of their claim, contact an agent, and review any and all policy information.

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Accordia Life vs. Prudential: Which life insurance company is best for me?

If you are searching for life insurance, you will need to evaluate whether Accordia life insurance or Prudential life insurance is a better fit for you.

Start by considering your needs and the needs of your family. Decide how much coverage you want and which type of life insurance policy best fits your lifestyle and your family’s future.

Before committing to any one company, you should also compare Accordia Life and Prudential life insurance rates with other companies to ensure you have found the best policy and rates available.

Now that you’ve read our Accordia Life vs. Prudential review, enter your ZIP code below to compare life insurance rates from multiple companies.

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