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Global Atlantic Financial Group life insurance review 2020

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Formerly known as Accordia Life Insurance, this provider shines brightest when it comes to indexed universal life policies.'s rating: 3.5 / 5


  • Get a quote if… You’re interested in indexed universal life insurance or if you want to enhance your policy with a long list of riders.
  • Pick something else if… You want to apply online or if you’re leaning toward whole life insurance.

18 to 75

Issue Age

$50,000 to $1,000,000


Not listed

Medical Exam Required


Free quote Phone
Available states All 50 states
Policy options Term, Permanent
Term lengths Level term for 10, 20, or 30 years or Annual Renewable Term
Issue age 18 to 75
Coverage $50,000 to $1,000,000
Medical exam required Not listed
Monthly cost Not listed
Claim methods Phone
Customer support Phone, Email
Riders offered Accelerated death benefit rider, Accidental death benefit rider, Child rider, Critical illness benefit rider, Estate protection rider, Guaranteed insurability rider, Long-term-care rider, Policy split option rider, Return-of-premium rider, Substitute insured rider, Waiver-of-premium rider

Expert review

Katia Iervasi

Review by

Katia Iervasi is a staff writer who hails from Australia and now calls New York home. Her writing and analysis has been featured on sites like Forbes, Best Company and Financial Advisor around the world. Armed with a BA in Communication and a journalistic eye for detail, she navigates insurance and finance topics for Finder, so you can splash your cash smartly (and be a pro when the subject pops up at dinner parties).

Expert review

If you have complex needs or you’re in the market for a permanent policy, it may be worth checking out Global Atlantic. Along with a range of riders, it offers four indexed universal life policies and funeral planning products that can ease the burden on your family when you’re gone.

But it’s a little old-school — if you have questions, you’ll need to jump on the phone.

Best of 2020
Finder experts pick Global Atlantic Financial Group as a 2020 best brand for life insurance.

What types of life insurance does Global Atlantic offer?

Global Atlantic sells both term and permanent policies, and specializes in indexed variable life insurance.

What riders can I add to my life insurance policy?

Depending on your policy, you may be able to customize your coverage with the following riders:

  • Accelerated death benefit rider
  • Accidental death benefit rider
  • Child rider
  • Critical illness benefit rider
  • Guaranteed insurability rider
  • Long-term-care rider
  • Return-of-premium rider
  • Substitute insured rider
  • Waiver-of-premium rider

These riders only apply to the Survivorship Builder policy:

  • Policy Split Rider
  • First to Die Rider
  • Survivor Insured Rider
  • Estate Protection Rider

What is the Global Atlantic Wellness for Life rider?

Available on permanent policies, the goal of this rider is to reward those who maintain healthy lifestyles. Add it to your policy and you’ll score a discount for visiting the doctor once every two years. If you get a clean bill of health and you’ve stayed within your weight range as determined by your policy, you’ll earn a further discount on your premium. This feature also grants you access to the Ask Mayo Clinic 24-hour nurse line.

How can I get the lowest rate?

The rate you’re offered reflects your age, health, lifestyle, occupation and hobbies, as well as the length and amount of coverage. To protect themselves, insurers reserve their best rates for the least risky applicants.

At Global Atlantic, underwriters consider the following factors:

  • Tobacco use. To reach the Premier or Preferred rate classes, you must be a non-smoker — though up to four celebratory cigars are allowed per month.
  • Age. Young, healthy applicants usually pay lower premiums.
  • Driving record. For the best rates, your recent record must be free of moving violations, DUIs and reckless driving.
  • Criminal history. Global Atlantic won’t accept applicants who are on probation, parole or currently serving time in prison.
  • Health. The insurer assesses your cholesterol, blood pressure, BMI and family medical history, and typically charges higher rates when there’s a history of cardiovascular disease, cancer, melanoma, strokes or diabetes.
  • Occupation. Firemen, loggers, war journalists and people with other dangerous jobs may pay higher premiums. However, if you’re a pilot, some states offer an Aviation Exclusion Rider.
  • Hazardous lifestyle. Do you drive race cars or count skydiving, scuba diving and rock climbing among your hobbies? You may be charged higher rates.
  • Alcohol and drugs. To enter the highest rate classes, you must have no history of alcohol or drug abuse or treatment within the past 10 years.

Pros and cons of Global Atlantic life insurance


  • Long list of riders. You can dress up your policy with a range of riders, including Global Atlantic’s exclusive Wellness for Life rider.
  • Life Credits on permanent policies. If you’re under 80 and meet the health requirements, the underwriters will automatically apply credits to your account. These credits may nudge you toward a higher rate class.
  • Fast Lane underwriting. Eligible applicants can accelerate the process by skipping the full medical exam. They’ll still need to schedule a Tele-med phone interview.
  • Multiple ways to pay. Choose to pay your premiums via Bill Pay, checks or credit cards.
  • Financial strength. Global Atlantic holds an A (Excellent) rating with A.M. Best, which points to its ability to pay out claims.


  • Can’t apply online. You’ll need to call or visit a local office to apply for life insurance.
  • Outdated claims process. You can’t file a claim online.
  • No live chat. Global Atlantic doesn’t offer real-time help on its site.
  • Limited whole life policies. There’s only one whole life policy on offer, and its purely for covering funeral expenses.

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Global Atlantic reviews and complaints

Global Atlantic Financial group isn’t accredited with the Better Business Bureau, but it does have an A+ rating for its operations and customer service. The BBB has recorded just three complaints in the past three years and customers have awarded the company a three-star rating.

Its subsidiaries aren’t BBB-accredited, either. On its own, Accordia Life Insurance & Annuity Co has a C rating with the BBB. Customers filed 37 complaints over the past three years, most of which related to problems with the product, service, billing and collection.

Like its parent company, Forethought Life Insurance Company has earned three stars from customers and an A+ BBB rating.

How do I sign up?

To get a quote or apply for a policy, call 877-462-8992.

Alternatively, you can call a local life insurance agent. Global Atlantic has offices in Iowa, Georgia, Indiana, Pennsylvania, Massachusetts, New York, Connecticut and Texas.

I’ve signed up. What happens next?

The approval process typically takes three to four weeks, which factors in time for a full paramedical exam.

If you’re eligible for Global Atlantic’s accelerated underwriting program, Fast Lane, the total turnaround time after the phone interview is one to two business days.

More about Global Atlantic

Global Atlantic is a multiline insurer that was founded by Goldman Sachs in 2004 before breaking away to become an independent company in 2013. Since then, it’s acquired several subsidiaries. These include Accordia Life & Annuity Co, which issues its term, universal and indexed universal life insurance, while Forethought Life Insurance Company writes its whole life policies for funeral expenses.

Aside from life insurance, Global Atlantic sells annuities and offers retirement and financial planning. It has over $40 billion in assets and holds an A (Excellent) rating with A.M. Best.

While Global Atlantic is a reputable and reliable insurer, it might not suit everyone. If you’re looking for different policy features or riders, compare life insurance providers.

Frequently asked questions

Life insurance ratings

★★★★★ — Excellent

★★★★★ — Good

★★★★★ — Average

★★★★★ — Subpar

★★★★★ — Poor

Our experts analyze life insurance companies to help you to find the strongest possible policy and premium for your family’s needs. We assess their financial strength, customer satisfaction, policy features and riders. We then give each insurer a score between one and five stars that reflects their offering and reputation in the industry.

Learn more about our methodology here.

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