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finder.com's rating: 3.5 / 5
★★★★★
18 to 75
Issue Age
$50,000 to $1,000,000
Coverage
Not listed
Medical Exam Required
Policies | Term, Permanent |
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Coverage maximum | $1,000,000 |
Term lengths | Level term for 10, 20, or 30 years or Annual Renewable Term |
Medical exam required | Not listed |
Available states | All 50 states |
Issue age | Not listed |
Riders |
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 |
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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).
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.
Global Atlantic sells both term and permanent policies, and specializes in indexed variable life insurance.
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.
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.
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:
Global Atlantic’s website is slim on details. Depending on your policy and state, you may be able to customize your coverage with the following riders:
These riders only apply to the Survivorship Builder policy:
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.
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.
★★★★★ — 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.