Fidelity Life Insurance Review & Ratings (2021)

Fidelity Life insurance has over 120 years in the life insurance industry. The company offers term life insurance, whole life insurance for seniors, and final expense insurance. Fidelity Life insurance rates start around $18.49 per month for $250,000 in term coverage. Read more in our Fidelity Life insurance review below.

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Natasha McLachlan is a writer who currently lives in Southern California. She is an alumna of California College of the Arts, where she obtained her B.A. in Writing and Literature. Her current work revolves around insurance guides and informational articles. She truly enjoys helping others learn more about everyday, practical matters through her work.

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Laura Walker graduated college with a BS in Criminal Justice with a minor in Political Science. She married her husband and began working in the family insurance business in 2005. She became a licensed agent and wrote P&C business focusing on personal lines insurance for 10 years. Laura serviced existing business and wrote new business. She now uses her insurance background to help educate...

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Reviewed by Laura Walker
Former Licensed Agent

UPDATED: Feb 14, 2021

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Company Details
Address: 8700 W. Bryn Mawr Avenue
City: Chicago
State: IL
ZIP Code: 60631
Phone Number: (800) 482-6616
Year Founded: 1896
AM Best Rating: A-
Company Rating 0 (0 reviews)

Fidelity Life has over 120 years in the life insurance industry. The company focuses on selling term life insurance, whole life insurance for seniors, and final expense policies.

In our Fidelity Life insurance review below, we’ll discuss Fidelity life insurance rates and products, industry ratings, contact information, and more.

Before you begin, enter your ZIP code into our free quote comparison tool above to compare life insurance quotes from companies in your area.

What life insurance products does Fidelity Life offer?

Fidelity Life offers term life insurance, whole life insurance for seniors, and final expense insurance.

Term Life Insurance

Term life insurance is a non-permanent life insurance policy that provides death benefits for a specified term, generally between 10 and 30 years. Fidelity Life has three term life insurance plans — RAPIDecision Life, RAPIDecision Express, and RAPIDecision Senior Life.

  • RAPIDecision Life does require a medical exam, but you have up to six months after approval to complete it. This policy is for those between 18 and 65 looking for a death benefit between $50,000 and $1 million.
  • RAPIDecision Express does not require a medical exam, but coverage amounts are limited to between $25,000 and $100,000.
  • RAPIDecision Senior Life usually doesn’t require a medical exam, but you will have to answer medical questions. This policy is for people between 50 and 70 years old. It offers coverage amounts ranging from $10,000 to $150,000.

Whole Life Insurance

Fidelity Life only offers one whole life insurance plan, RAPIDecision Senior Whole Life, for those between 50 and 85. Coverage amounts range between $10,000 and $150,000.

Fidelity’s whole life policy does not require a medical exam, and the premiums are level throughout the policy’s lifetime. This policy also has a cash value component, which you can borrow against if needed.

Final Expense Insurance

Fidelity has two final expense insurance policies — RAPIDecision Final Expense and RAPIDecision Guaranteed Issue Life.

  • RAPIDecision Final Expense is for those between 50 and 85. It offers smaller coverage amounts between $5,000 and $35,000. These policies are usually used to cover medical or funeral expenses but can be used for other final expenses, such as credit card debt.
  • RAPIDecision Guaranteed Life is a smaller life insurance policy that offers up to $25,000 in coverage for those between the ages of 50 and 85. Medical exams and questionnaires are not required for approval, so it may be the right choice for someone with more severe health issues.

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How much is Fidelity life insurance?

Take a look at the chart below to see some samples of Fidelity life insurance rates.

Fidelity RAPIDecision Life Term Life Insurance Rates by Plan for Employed Females in Good Health
Plan Type, Coverage Amount, and Age10-Year Term Monthly Rates15-Year Term Monthly Rates20-Year Term Monthly Rates30-Year Term Monthly Rates
RAPIDecision Life ($250,000 for 30-year-old Female)$18.49$19.79$22.84$28.71
RAPIDecision Express ($50,000 for 30-year-old Female)$23.93$24.01$24.14$25.32
RAPIDecision Senior Life ($20,000 for 50-year-old female)$38.26Not available in 15-year terms$44.84$58.69
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While these rates may be accurate if you match the demographic closely, you should keep in mind that your rates will vary depending on many different factors, including age, gender, health, location, and more.

What is Fidelity Life?

Fidelity Life was founded in 1896. It’s part of Legal Reserve Life Insurance Company. It was one of the first life insurance companies to sell policies to both men and women.

Fidelity Life focuses on selling term life insurance, whole life insurance for seniors, and final expense insurance, as well as a stand-alone accidental death benefit product.

Fidelity Life products are not available in New York, Wyoming, or Puerto Rico.

Are Fidelity life insurance ratings positive?

Fidelity Life has an A+ rating from the BBB. There have been eight customer complaints closed on the BBB website in the past year. The company also has a 1/5 star rating.

Fidelity Life has an A- financial strength rating from A.M. Best, meaning it has an excellent ability to meet financial obligations, such as paying claims.

Fidelity Life’s NAIC complaint index is 1.42, higher than the national median of 1.00, which means that the Fidelity life insurance company gets more customer complaints than companies of a similar size.

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How can I get a quote or file a claim?

It is relatively easy to get Fidelity life insurance quotes since quotes are available online. If you visit the website (www.fidelitylife.com), you can navigate to the product you’re interested in and click the quote button. You may also call (800) 482-6616 to speak to an agent.

To file a claim, you need to find the appropriate claims form for your state, fill it out, and mail it to Fidelity Life with a death certificate. You can send it to Fidelity Life Association, PO Box 5030, Des Plaines, IL 60017.

How can I contact Fidelity Life?

The Fidelity Life insurance website is www.fidelitylife.com. You can use the contact form that is on the website. You can also call (800) 482-6616 or email [email protected]

The headquarters address is 8700 W. Bryn Mawr Avenue, Chicago, IL 60631. You can send mail to PO Box 5030, Des Plaines, IL 60017.

Should I buy Fidelity life insurance?

Fidelity Life offers some good, basic life insurance options. Some options don’t require medical exams or questionnaires, which can help those with health concerns.

Fidelity also gives customers a 30-day satisfaction guarantee, so if you’re not happy with your policy, you can cancel your policy and get your premiums back.

However, Fidelity life insurance coverage comes with limited amounts, so individuals looking for higher benefits may want to look for other options. They also don’t offer whole life insurance for those under the age of 50.

It is always important to compare multiple life insurance companies before choosing one.

To find affordable life insurance from companies in your area, use our free quote comparison tool below by entering your ZIP code.

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