Fidelity Life Insurance Review & Ratings (2024)
Unbiased review and ratings of Fidelity Life Insurance: Discover coverage, products, and more. Learn about Fidelity Life Insurance's term life, whole life, and final expense insurance options. Find out about their A.M. Best rating and customer satisfaction. Get insights into rates, claims process, and contact information.
Michelle Robbins
Licensed Insurance Agent
Michelle Robbins has been a licensed insurance agent for over 13 years. Her career began in the real estate industry, supporting local realtors with title Insurance. After several years, Michelle shifted to real estate home warranty insurance, where she managed a territory of over 100 miles of real estate professionals. Later, Agent Robbins obtained more licensing and experience serving families a...
Licensed Insurance Agent
UPDATED: Jan 22, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance company and cannot guarantee quotes from any single insurance company.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about insurance. Our goal is to be an objective, third-party resource for everything insurance related. We update our site regularly, and all content is reviewed by insurance experts.
UPDATED: Jan 22, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance company and cannot guarantee quotes from any single insurance company.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
On This Page
Free Car Insurance Comparison
Compare Quotes From Top Companies and Save
Secured with SHA-256 Encryption
Fidelity Life Insurance
Average monthly rate for healthy individuals:
N/AA.M. Best rating:
A-Complaint level:
MedPros
- Diverse range of insurance policies, including term, whole life, and universal life
- Competitive pricing and flexible payment options
- Positive customer reviews and testimonials
- Streamlined and hassle-free application process
- Responsive customer service team
Cons
- Availability of policies and rates may vary based on location
- Some policy features may require additional riders and customization
- Limited information on specific policy discounts
- Online tools and resources could be more robust
- Coverage options may not be as extensive as some larger insurance providers
Final Verdict: Review of 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.
What You Should Know About Fidelity Life Insurance
Year Founded: 1896
Welcome to our comprehensive guide on Fidelity Life Insurance and the various aspects you need to know. In this article, we will delve into important topics such as Fidelity Life Insurance products, ratings, customer satisfaction, rates, claims process, and more. Whether you’re considering term life, whole life, or final expense insurance, we’ve got you covered.
To ensure you make an informed decision, we encourage you to enter your zip code below and compare rates from the top insurance providers. Take control of your financial future and protect your loved ones with the best life insurance coverage available.
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.
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.
Fidelity Life Insurance Coverage Options
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.
Compare The Best Insurance Quotes In The Country
Compare quotes from the top insurance companies and save!
Secured with SHA-256 Encryption
Fidelity Life Insurance Rates Breakdown
Take a look at the chart below to see some samples of Fidelity’s life insurance rates.
| Plan Type, Coverage Amount, and Age | 10-Year Term Monthly Rates | 15-Year Term Monthly Rates | 20-Year Term Monthly Rates | 30-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) | $38.26 | Not available in 15-year terms | $44.84 | $58.69 |
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.
Fidelity Life Insurance Discounts Available
Securing your future with life insurance is a crucial decision, and Fidelity Life Insurance understands the importance of making this choice accessible and affordable for everyone. To enhance your experience and provide added value, Fidelity Life Insurance offers various discounts and special considerations.
Explore the potential ways to save on your life insurance coverage:
- Multi-Policy Discounts: Consider bundling your life insurance policy with other insurance products, such as home or auto insurance, to qualify for a multi-policy discount. Fidelity Life Insurance rewards customers who choose to protect multiple aspects of their lives.
- Healthy Lifestyle Incentives: Maintaining a healthy lifestyle can be rewarding in more ways than one. Fidelity Life Insurance may offer discounts or preferential rates for individuals who demonstrate a commitment to a healthy life through regular exercise, proper nutrition, or other health-conscious choices.
- Preferred Payment Options: Fidelity Life Insurance values your convenience. Explore potential discounts by choosing electronic funds transfer (EFT) or automatic payment options. Enjoy the ease of automated payments while potentially reducing your premium costs.
- Early Enrollment Benefits: Proactive planning deserves recognition. Enroll in a Fidelity Life Insurance policy early, and you may be eligible for special discounts. Take the initiative to secure your coverage sooner and reap the rewards.
- Student and Alumni Discounts: If you’re a student or an alumni member of a qualifying institution, inquire about potential discounts. Fidelity Life Insurance may extend special offers to students and alumni, recognizing their commitment to education and community.
- Military and First Responder Discounts: To honor the dedication of those who serve in the military or as first responders, Fidelity Life Insurance may offer exclusive discounts. If you are actively serving or have served in the military or as a first responder, be sure to inquire about special rates.
- Annual Payment Discounts: Opting for an annual premium payment instead of monthly installments could result in additional savings. Check with Fidelity Life Insurance to explore potential discounts for those who prefer an annual payment schedule.
- Senior Citizen Discounts: For individuals in their senior years, Fidelity Life Insurance may offer specific discounts or tailored coverage options. Explore the possibilities for affordable and comprehensive life insurance tailored to the needs of seniors.
It’s important to note that eligibility criteria and the availability of discounts may vary. To get accurate information tailored to your situation, contact a Fidelity Life Insurance representative or use their online tools for a personalized quote.
Remember, securing your life insurance with Fidelity is not just about protection; it’s about smart and cost-effective planning for the future.
Effortless Claims Handling With Fidelity Life Insurance
Ease of Filing a Claim (Online, Over the Phone, Mobile Apps)
Fidelity Life Insurance offers multiple convenient options for filing claims. Policyholders can file claims online through the company’s official website, providing a user-friendly and hassle-free experience.
Additionally, Fidelity Life Insurance allows claims to be filed over the phone, providing a personalized touch for those who prefer speaking directly with a representative. The availability of mobile apps further enhances the claims process, enabling policyholders to file and track claims on their smartphones or tablets.
Average Claim Processing Time
The efficiency of the claim processing system at Fidelity Life Insurance is a crucial factor for policyholders. While specific processing times may vary depending on the complexity of each claim, Fidelity Life strives to process claims promptly.
Policyholders can expect reasonable turnaround times, ensuring that beneficiaries receive their benefits promptly. The company’s commitment to efficient claims processing helps ease the financial burden during difficult times.
Customer Feedback on Claim Resolutions and Payouts
Customer satisfaction with claim resolutions and payouts is a vital aspect of any insurance company’s performance. Fidelity Life Insurance aims to provide fair and transparent claim resolutions, and customer feedback is generally positive in this regard.
Policyholders often appreciate the straightforward and empathetic approach taken by the company during the claims process. Fidelity Life’s commitment to fulfilling its obligations to policyholders helps build trust and ensures a positive customer experience.
Exploring Fidelity Life Insurance Digital and Technological Innovations
Mobile App Features and Functionality
Fidelity Life Insurance offers a comprehensive mobile app that provides policyholders with easy access to their insurance information. The app includes features such as viewing policy details, making premium payments, and even filing and tracking claims on the go. The user-friendly interface and intuitive design make managing insurance coverage convenient and efficient for customers.
Online Account Management Capabilities
Policyholders can take advantage of Fidelity Life Insurance’s robust online account management capabilities. Through the company’s official website, customers can access their accounts, update personal information, review policy documents, and check the status of claims. The online portal offers a secure and convenient way for policyholders to stay informed and in control of their insurance coverage.
Digital Tools and Resources
Fidelity Life Insurance provides policyholders with a range of digital tools and resources to enhance their insurance experience. These resources may include educational materials, calculators to determine coverage needs, and helpful articles on various insurance topics.
By offering these digital resources, Fidelity Life aims to empower customers with the knowledge and tools they need to make informed decisions about their insurance coverage.
How Fidelity Life Insurance Ranks Among Providers
Frequently Asked Questions
What is Fidelity Life Insurance?
Fidelity Life Insurance is a company that specializes in providing life insurance products and services to individuals and families across the United States. They offer a range of policies, including term life insurance, whole life insurance, and accidental death insurance.
How is Fidelity Life Insurance rated by customers?
Fidelity Life Insurance has received positive ratings from customers and industry experts. The company has an A- rating from the Better Business Bureau and an A- rating from A.M. Best, which is a credit rating agency that evaluates the financial strength of insurance companies.
What types of life insurance does Fidelity Life Insurance offer?
Fidelity Life Insurance offers several types of life insurance policies, including term life insurance, whole life insurance, and accidental death insurance. They also offer final expense insurance, which is a type of whole life insurance that is designed to cover funeral and burial expenses.
How can I get a quote from Fidelity Life Insurance?
To get a quote from Fidelity Life Insurance, you can visit their website and use their online quote tool. You can also contact a local agent or broker who works with the company.
How much does life insurance from Fidelity Life Insurance cost?
The cost of life insurance from Fidelity Life Insurance varies depending on several factors, including the age and health of the insured, the type of policy that is purchased, and the amount of coverage that is needed. In general, term life insurance policies tend to be less expensive than whole life insurance policies.
Compare The Best Insurance Quotes In The Country
Compare quotes from the top insurance companies and save!
Secured with SHA-256 Encryption
Michelle Robbins
Licensed Insurance Agent
Michelle Robbins has been a licensed insurance agent for over 13 years. Her career began in the real estate industry, supporting local realtors with title Insurance. After several years, Michelle shifted to real estate home warranty insurance, where she managed a territory of over 100 miles of real estate professionals. Later, Agent Robbins obtained more licensing and experience serving families a...
Licensed Insurance Agent
Editorial Guidelines: We are a free online resource for anyone interested in learning more about insurance. Our goal is to be an objective, third-party resource for everything insurance related. We update our site regularly, and all content is reviewed by insurance experts.