How about Global Atlantic (Accordia) insurance company? Global Atlantic Insurance Company Evaluation and Product Introduction

Global Atlantic, The full name Global Atlantic Financial Group, We are often referred to as "GA" for short, and temporarily translated as "Global Atlantic Financial Group" in Chinese.

At the beginning of the evaluationGlobal Atlantic prior to,American Life InsuranceThe guide net needs a brief descriptionGlobal AtlanticHistory, and andAccordia Life Relationship.

Global AtlanticFormerly known as Goldman Sachs Reinsurance Group, after a series of mergers, it was separated from Goldman Sachs in 2013 and formally established Global Atlantic Financial Group Limited.

Global Atlantic Company history

In 2004, Goldman Sachs Reinsurance Group (GSRG) was established;
In 2005, it acquired Allmerica Life and renamed it Commonwealth Life & Annuity;
In 2006, a reinsurance platform was established through Commonwealth;
In 2011, began to sell personal annuities through Commonwealth;
In 2013, it separated from Goldman Sachs and became Global Atlantic Financial Group Limited;
In 2014, it acquired Aviva Life and Annuity Company and renamed it in MarchAthene Annuity and Life Insurance Company.
In 2014, it acquired Forethought Financial Group, which acquired the annuity division of Hartford Financial Services Group in 2013;
In 2016, the products and services of the parent companyGlobal AtlanticThe brand is introduced to the market.
2020 years,Global Atlantic is sold to investment company KKR.

Therefore, "Global Atlantic"It’s just a unified group brand name for external use. The American personal life insurance products and services marketed under this brand name, especially forInsurance market for foreigners(Insurance policy applied by Chinese customers going to the U.S.)Global Atlantic"Subsidiaries:Accordia Life and Annuity Company Underwriting.The object evaluated in this article is to actually underwrite consumersAccordia Life This insurance company.

American Life Insurance GuideThis pair of netsAccordia LifeThe comprehensive introduction and evaluation may help you determine whether you should include it in your financial plan or continue to have an in-depth understanding of life insurance companies.

ToAccordia LifeEvaluation and product introduction of insurance companies

Accordia Life InsuranceThe company's total assets in 2018 were$91 billion, Owning capital and surplus of $7.656 million, from this point of view, it has made its own achievements in the industry. The parent company of Accordia Life Insurance,Global Atlantic, With a total of more than $450 billion in assets under management.

Accodia Insurance CompanyIn May 2014, it was formally established in Des Moines, Iowa.According to data from BussinessRecord, most of the more than 5 start-up members are fromThe life insurance division of Aviva USA.

Global Atlantic (Accordia Life) credit rating

Mainstream credit rating agencies included this financial group in its credit rating.The rating given by Standard & Poor's is "A-". In 2018, AMBest adjusted the rating of this financial group from "A-" to "A", which reflects the positive outlook of the company's financial stability. Global Atlantic (Accordia Life) is larger than some of the major American life insurance companies with higher reputation.

According to the 1998-2018 data given by Accordia Life Insurance Company, the company’s overallCoverage at $839 billion,Total assets$91 billion.Holds 338,207 policies.

The following are the ratings of mainstream credit rating agencies ( How to interpret? ):

• AMBest – A
• Standard & Poor's/Standard & Poor's-A-

Global Atlantic (Accordia Life) Life Insurance Products List

(Updated in April 2020) Global Atlantic Through subsidiaryAccordia Life, Which mainly provides the following products and services to American consumers:

• Term/term life insurance
• Universal Life, UL / Universal Life Insurance
• Indexed Universal Life, IUL / Indexed Universal Life Insurance

Term/term life insurance

Accordiawhich providedTerm life insuranceSimple and straightforward-the policyholder pays premiums every month in exchange for death compensation for a specific sum assured.This product has no "cash value" function, and the cost of insurance (COI) is also the lowest among the company's life insurance products.AccordiaThe characteristics of term life insurance are:

• You can choose any length of guarantee period, up to 30 years
• Annual policy renewal
• The sum assured can be as low as $50,000 (Most insurance companies have a minimum coverage of $100,000)
• All term life insurance products can be converted into whole life insurance products

AccordiaTerm life insuranceProducts, provide Accidental death (accidental death), Children's insurance (children's insurance), and Waiver of premium (premium reduction), etc.Riderfor selection.

Universal Life / Universal Life Insurance

Accordia Insurance CompanyOf lifetime universal life insurance products, such as Lifetime Assure Universal Life, The design is very simple, and the goal is related to two points: flexibility and cash value accumulation.

The flexibility of universal life insurance is that the insured can (under certain conditions) decide on his own the amount of premiums placed in the cash value account.At the same time, the insured can also change the time of premium payment according to actual needs.Therefore, universal life insurance is a kind ofSavings and Dividend Insurance(Whole Life) Flexible whole life insurance types.

 IUL / Index Universal Life Insurance

Accordia Insurance Company Of life insurance products, there are alsoIUL, which isIndex Universal Life Insurance.The characteristic of this type of universal life insurance is that the increase in cash value is based on tracking the actual market index, such as tracking the S&P 500 index.

When the market performs well, policyholders get an increase in the cash value, and when the market drops, the principal in the cash value is protected.

Accordia Insurance Company attentionForeigner insuranceMarket, rightForeignerUnderwrite.

Accordia Insurance CompanyThe followingIndex Universal Life Insurance(IUL) For policyholders to choose:

• Lifetime Foundation Elite IUL
• Global Accumulator IUL
• Lifetime Builder Elite 2020 IUL
• Survivorship Builder IUL
• Accordia Life Provider IUL

Global Accumulator IUL

The main index-type policy product is mainly used for cash value accumulation.Official of this index policy productManual download.

Lifetime Foundation Elite IUL 

ThisIULThe product is very unique because it can dynamically adjust the insured amount (death compensation) according to the clear needs of the insured.In the early stage of holding a policy, you can have a relatively high sum assured, but as the demand for death compensation protection decreases in the future, you can adjust the policy to focus on the increase in cash value.In the premium cost, this oneIULProduct, its premium costPremium ChargeOne item is 10%, which is slightly higher than similar products (6% to 7%).