Fidelity and Assurity Insurance are two of the best life insurance companies that offer a range of insurance products to consumers. While both companies offer many of the same types of insurance products, they differ in several key ways.
Fidelity is a well-known insurance company that offers a range of insurance products, including life insurance, retirement products, and annuities. The company was founded in 1946 and has a strong reputation for its customer service and financial stability. Fidelity is known for its commitment to innovation, with a focus on providing its customers with the latest and most advanced insurance products, including no medical exam term life insurance options.
Assurity Insurance…
On the other hand, Assurity is a smaller company that has been in business for over 125 years. The company specializes in life insurance, disability insurance, and critical illness insurance. Assurity is known for its customer-focused approach to insurance and commitment to providing its customers with personalized service and support.
Financial strength
When it comes to financial strength, both companies are solid. Fidelity has a strong credit rating from several independent rating agencies, indicating high financial stability. Assurity also has a strong credit rating and has been recognized for its financial strength and stability.
Both companies perform well in terms of customer satisfaction. Fidelity has received high marks for its claims handling and customer service, while Assurity is known for its personalized approach to insurance and its commitment to meeting each customer’s unique needs.
Now, there is some…
Overlap between the two companies’ insurance product offerings. Both Fidelity and Assurity offer life insurance products, including term life, whole life, and universal life insurance. Fidelity also offers annuities and retirement products, while Assurity specializes in disability and critical illness insurance.
One area where Assurity stands out is in its commitment to charitable giving. The company has a long history of supporting non-profit organizations and charitable causes, and its employees are encouraged to volunteer and give back to their communities.
In summary…
It’s fair to say that both Fidelity and Assurity Insurance are strong insurance companies that offer consumers a range of insurance products. Fidelity has a wider range of insurance products and a strong commitment to innovation. At the same time, Assurity specializes in life insurance, disability insurance, and critical illness insurance, as well as a strong commitment to personalized service and charitable giving. When choosing between the two, it’s important to consider your specific insurance needs and preferences.
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|
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|---|---|---|
| Comparing ⟶ | Fidelity Life | Assurity |
Year Founded |
1896 |
1964 |
Company Structure |
Stock |
Mutual |
Pricing |
$ $ $ | $ $ $ |
Types of Policies: |
||
Term Life |
✓ | ✓ |
Whole Life |
✓ | ✓ |
Universal Life |
✗ | ✓ |
Final Expense |
✓ | ✓ |
Ratings: |
||
A+ |
A+ |
|
| ✗ | ✗ | |
| ✗ | ✗ | |
| ✗ | ✗ | |
| ✗ | ✗ | |
A+ |
A+ |
|
1.43 |
0.67 |
|
IBUSA’s Overall Score |
||
Company Review |
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