Global Atlantic Life Insurance Review 2024

Global Atlantic no longer sells traditional life insurance policies, but it still offers other financial products like fixed rate annuities.

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Written by Georgia Rose
Lead Writer
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Edited by Katia Iervasi
Assistant Assigning Editor
 
Fact Checked

Founded by Goldman Sachs in 2004, Global Atlantic Financial Group began selling retirement and life insurance products in 2013. Though Global Atlantic stopped providing traditional life insurance policies in July 2023, the company still offers a variety of financial products like fixed rate annuities and variable annuities.

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More about Global Atlantic life insurance

Global Atlantic provides a range of financial products including:

  • Fixed rate annuities.

  • Fixed index annuities.

  • Registered index-linked annuities (RILA).

  • Hybrid fixed annuities.

  • Income annuities.

  • Variable annuities.

Global Atlantic also offers preneed life insurance, which is typically only available through funeral homes. When the policyholder dies, the money goes to the funeral home to carry out the person’s wishes for their funeral or burial.

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Methodology

Life insurance ratings methodology

NerdWallet’s life insurance ratings are based on consumer experience, complaint index scores from the National Association of Insurance Commissioners for individual life insurance, and weighted averages of financial strength ratings, which indicate a company’s ability to pay future claims. Within the consumer experience category, we consider ease of communication and website transparency, which looks at the depth of policy details available online. To calculate each insurer’s rating, we adjusted the scores to a curved 5-point scale.

These ratings are a guide, but we encourage you to shop around and compare several insurance quotes to find the best rate for you. NerdWallet does not receive compensation for any reviews. Read our editorial guidelines.

Insurer complaints methodology

NerdWallet examined complaints received by state insurance regulators and reported to the National Association of Insurance Commissioners in 2020-2022. To assess how insurers compare with one another, the NAIC calculates a complaint index each year for each subsidiary, measuring its share of total complaints relative to its size, or share of total premiums in the industry. To evaluate a company’s complaint history, NerdWallet calculated a similar index for each insurer, weighted by market shares of each subsidiary, over the three-year period. NerdWallet conducts its data analysis and reaches conclusions independently and without the endorsement of the NAIC. Ratios are determined separately for auto, home (including renters and condo) and life insurance.

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