Review of Fidelity Life Insurance Company
About Fidelity Life Insurance
Fidelity Life Insurance was established with its target audience being middle-income Americans. Fidelity works to bring those families and individuals financial security through its great life insurance policies.
Fidelity Life Association Ratings
Third party organizations rate financial institutions like life insurance companies. The purpose is to help inform potential consumers so they can know the financial strength, future forecast and reliability of a life insurance company.
Fidelity Life has been rated by one of the top third party organizations out there: A.M. Best. A.M. Best rated Fidelity an A-; aka “excellent”.
Not very many life insurance companies get an excellent rating, so the fact that Fidelity Life did means they are one of the higher rated insurance companies in the country.
Where is Fidelity Life Insurance Available?
Fidelity Life is available throughout the United States. In fact, you will be able to get a Fidelity Life insurance policy in 48 of the 50 states and in the District of Columbia. The only places that you cannot (yet) get a Fidelity Life Association policy is in New York and Wyoming. If you are located in either of those two states, there are other comparable life insurance companies to consider.
Fidelity Life Insurance Policies
Fidelity Life has a variety of life insurance policies available. This means there is a policy for just about everyone. Another great thing about Fidelity is that they offer a lot of flexibility.
This is Fidelity Life Insurance’s no medical exam life insurance policies. The death benefit is quite high for a no medical policy: as high as $500,000.
- Term life insurance policy: 10, 15, 20 and 30 year terms available
- Different death benefits for students and stay-at-home moms
- Preferred, standard, rated, standard tobacco, and rated tobacco are available
- Renewable to age 95
Rapid Decisions Policies
Fidelity offers some policies that do not take a long time to activate. These are available through the Rapid App:
Rapid Decision Express
- -no exam life insurance policy
- -renewable until age 95
- -term policy up to 30 years
Rapid Decision Senior Life
- -available in Term & Permanent Life Insurance
- -available for people 50-85 years old
- -death benefit up to $150,000
Rapid Decision Final Expense
- -Must answer health question
- -no medical exam
- –whole life final expense insurance
- -available for people 50-85 years
- -death benefit up to $35,000
Rapid Decision Guaranteed Issue
- -no medical exam
- -3 year reduced graded benefit
- -death benefit up to $20,000
Accidental Death Benefit
If you are looking to get covered in the case of an accidental death, this policy is worth considering. It’s very flexible; if you only want basic coverage to help your family cover funeral costs, then your monthly premium will be very low. There is also a return of premium option available which returns all your premiums once the policy ends.
Fidelity Life Insurance Disadvantages
As you can see, Fidelity Life offers a wide range of policies and they have a great rating from a leading rating company. But does that mean it’s the best for you? Maybe, maybe not. Fidelity is a great company, but whether or not they have the best life insurance policy for you is yet to be determined.
You see, every life insurance company has its strong points; so if you have a special condition then there may be a life insurance company that really specializes in that. Are you an adventure sports fanatic? Then one life insurance company can offer you significantly better rates than another.
Call Us Today!
If you would like to know whether or not Fidelity Life Insurance will offer you the best policy at the best price, you need something to compare it to. And if you want to really find the best policy at the best price, then you’ll have to do a lot of looking around…or you can call an expert! If you call us, we will get to know a few things about you: your medical history, your interests/lifestyle, your budgets, and your needs. Once we know those things we can make a customized life insurance recommendation. We will help you find the right life insurance company and the right life insurance policy, so give us a call!