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Fidelity vs. Assurity

Fidelity vs. Assurity

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, 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, with a 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 a high level of financial stability. Assurity also has a strong credit rating and has been recognized for its financial strength and stability.

In terms of customer satisfaction, both companies perform well. 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 the unique needs of each customer.

When it comes to the types of insurance products offered, there is some overlap between the two companies. 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 insurance 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.

So in summary, it’s fair to say that both Fidelity and Assurity Insurance are strong insurance companies that offer a range of insurance products to consumers. Fidelity has a wider range of insurance products and a strong commitment to innovation, while Assurity specializes in life insurance, disability insurance, and critical illness insurance, and has 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.

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.M. Best Rating

A+

A+

S&P Rating

Moody’s Rating

Fitch Rating

Comdex Rating

BBB Rating

A+

A+

NAIC complaint Index

1.43

0.67

IBUSA’s Overall Score

Company Review

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