
Sign up & start saving!
Get our weekly newsletter for the latest in money news, credit card offers + more ways to save
finder.com's rating: 3.5 / 5
★★★★★
18 to 60
Issue Age
$25,000 to $1,000,000
Coverage
Depends on policy
Medical Exam Required
Policies | Term, Whole, Senior, Final-expense |
---|---|
Coverage maximum | $1,000,000 |
Term lengths | 10, 20, or 30 years |
Medical exam required | Depends on policy |
Available states | All 50 states |
Issue age | 20 - 85 years old |
Riders |
Accelerated death benefit rider Accidental death benefit rider Child rider Cost-of-living rider Critical illness benefit rider Estate protection rider Family income benefit rider Guaranteed insurability rider Return-of-premium rider Spouse rider |
---|
Review by
Julia Cameron is a writer and editor who has experience in finance, mergers and acquisitions, content marketing and immigration law. She has a passion for interior design and an affinity for Old Florida, where she lives with her family.
While Fidelity Life offers competitive rates and a speedy underwriting process, it has its limitations. Its term life policies aren’t convertible, and whole life is the only permanent policy available — but it’s only open to people from age 50. Fidelity Life is strict when it comes to pre-existing health conditions too, so if you have a health issue working against you, you might be better off with another provider.
Life insurance is a fundamental part of any strong financial strategy. To best suit your needs, Fidelity Life offers a variety of policies, most featuring a streamlined application process and requiring no medical exam.
But if it’s variable or universal life insurance policies you’re after, you’ll have to look elsewhere.
Term life plans provide a fixed amount of coverage for a set period of time. And Fidelity Life’s modern underwriting allows applicants to get coverage within days of their application.
Fidelity Life’s whole life plans for those ages 50 and older provide lifetime coverage and financial protection to your beneficiaries. They feature level premiums and coverage for the life of the policy, though full coverage generally starts in year four.
Guaranteed death benefit payouts are standard, but these plans also offer the potential for cash value accumulation. You can borrow from this cash value without affecting payouts as long as you repay the balance on schedule.
Fidelity Life’s new standalone Accidental Death Benefit is available from ages 20 to 59 with coverage from $100,000 to $150,000. It pays out full benefits until the age of 70, when the face value decreases by 50% and ultimately expires at age 80.
Fidelity Life’s insurance policy riders allow you to tailor coverage to align with your lifestyle and financial goals, including:
With so many factors at play, it can be tough to determine what you’ll pay for life insurance. Quote tools can be helpful, but they don’t always explain what determines your rate.
Fidelity Life offers three rate classes that start with the best-rate Tier 1. In general, living a healthy lifestyle is the best way to a lower life insurance rate, including:
Fidelity Life is accredited by the Better Business Bureau (BBB), boasting an impressive A+ rating. As of this writing, BBB’s site includes 25 customer complaints, but it appears that Fidelity’s made an effort to address each one of them, closing all of them in the past three years. You’ll find customers online who complain about issues with billing and payment, but they’re vastly outnumbered by positive reviews for agents and claims from satisfied customers.
AM Best financial rating |
A- |
BBB accredited | Yes |
BBB rating | A+ 1/5 out of 12 customer reviews |
Trustpilot score | 4.3/5 out of 428 customer reviews |
Customer reviews verified as of | 20 January 2021 |
Fidelity Life collects your personal information to provide you with products and services. Your info could be shared with third parties that perform services on Fidelity Life’s behalf.
In order to protect your data, Fidelity Life maintains physical, electronic and procedural safeguards. Fidelity Life also requires third parties that have access to your data to implement these same safeguards.
Online, you can only get a quote for term life insurance. If you’d like to apply for a whole policy or get additional information, you can contact Fidelity Life at 866-912-7775.
A licensed agent will contact you shortly to discuss your policy options. Or you can contact Fidelity Life at 866-912-7775.
Founded in 1896, Fidelity initially provided financial protection for Midwest’s growing middle class. Today, it operates in 48 states with a reputation for its unwavering commitment to accessible and affordable life insurance.
Boasting affordable pricing on a wide range of flexible policies, Fidelity puts a modern spin on its age-old business practices. It uses a digital approach to offer accelerated underwriting, allowing for quick approval rates and the option to forego a medical exam in specific situations.
While Fidelity Life is committed to offering competitive policies, it doesn’t cater to all types of policyholders. If you’re in the market for a permanent policy, compare your life insurance options.
You aren’t able to start the claims process online. But you can search for your state’s claim form online before contacting an agent.
★★★★★ — 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.