Fidelity Life Insurance Review: A Comprehensive Review

We’ve all been there, haven’t we? Sitting across the table from a life insurance agent, a glossy brochure on the table, thinking about the future and what it may hold for us and our loved ones. 

Let me tell you, that moment can feel quite overwhelming, and rightfully so. Life insurance is not just another financial product; it promises protection for those we cherish the most.

This is why in this blog post, we are diving deep into Fidelity Life Insurance Company, a stalwart in the industry with a rich history and a vast range of insurance products. 

A Brief History of Fidelity Life Insurance Company

As we venture into the heart of Fidelity Life Insurance, it’s essential to understand its roots and journey. Founded in 1896, Fidelity Life has been woven into the fabric of the American insurance landscape for over a century. Now, you might be thinking, “That’s a lot of years!” Yes, it is. And those years translate to a wealth of experience, deep-rooted stability, and a keen understanding of the evolving needs of policyholders.

Throughout the years, Fidelity Life has not just survived but thrived, growing its product portfolio and customer base. It made several significant strides in the insurance sector, including innovations like Rapid Decision Life and Rapid Decision Senior Life, aimed at providing insurance solutions swiftly and efficiently. But, more on that later.

Fidelity Life has remained steadfast in its commitment to its customers, weathering economic storms and societal changes, adapting to new technologies, and consistently serving the needs of its policyholders. 

It’s a history that commands respect and instills trust. And when it comes to life insurance, aren’t we all looking for confidence in the company that holds our future in its hands.

Review of Fidelity Life Insurance Products

Diving into the vast sea of Fidelity Life’s insurance products, we find options as diverse as the needs of its customers.
They have life insurance policies designed for every stage of life, each crafted with the same goal: providing financial security and peace of mind.

Term Life Insurance:

Fidelity’s Term Life Insurance is designed to provide your loved ones with a death benefit, but only if the unthinkable happens within a predetermined term. 

It’s a more budget-friendly choice compared to its permanent life insurance counterpart. It doesn’t accumulate cash value, and when the term concludes, you’ll need to renew it or convert it to a permanent policy for continued coverage.

With Fidelity Life, you can opt for a term of 10, 15, 20, or even 30 years. You can apply for coverage, reaching a whopping $2 million. 

If you are sound and healthy, you can skip the medical exam, which saves time and hassle. And for older people, Fidelity offers a term policy with adjusted coverage limits.

Whole Life Insurance:

Whole Life Insurance is your permanent insurance solution with a guaranteed death benefit. 

The beauty of this type of coverage lies in its level premiums and the cash value component that you can borrow against when the need arises. 

Fidelity Life extends this policy to applicants aged 50 to 85. The no-medical exam feature certainly makes things easier.
But do keep in mind that the face amounts are capped at $150,000, and full coverage doesn’t kick in until the fourth year.

Final Expense Insurance:

This is a specific type of whole-life policy tailored to cover burial expenses and other costs associated with the end of life. It’s a compassionate offering that eases the financial burden during an emotionally challenging time. 

Fidelity offers a simplified-issue policy, requiring a few health questions, and provides immediate full coverage. There’s also a guaranteed issue life insurance policy with lower coverage limits and a graded death benefit for the initial three years for all causes of death other than accidents. 

Both these options are accessible to applicants aged between 50 to 85.

Rapid Decision Life and Rapid Decision Senior Life:

But Fidelity doesn’t stop at the traditional offerings. They have unique products like Rapid Decision Life and Rapid Decision Senior Life. 

These policies combine the convenience of fast approval with the comprehensiveness of full coverage. 

These products reflect Fidelity Life’s understanding of their policyholders’ diverse needs and circumstances. And while choosing insurance products can be a lot to digest, remember, it’s about finding what fits your life, dreams, and peace of mind.


Riders, as we often call them in the insurance world, are add-ons that amplify the benefits of your coverage. These could include living benefits or even the option to suspend premium payments when required. 

Let’s begin with the Terminal Illness Rider.

This invaluable rider comes free of charge with Fidelity’s final expense and guaranteed issue policies. It allows you access to a portion of the death benefit while you’re still living, should you, unfortunately, be diagnosed with a terminal illness that shortens life expectancy.

Then there’s the Accidental Death Benefit.

This rider can be added to term and whole-life policies. It offers an extra layer of protection by providing an additional death benefit ranging from $50,000 to $300,000 if the insured passes away due to an accident or injuries related to an accident within 90 days of its occurrence.
Full coverage continues until age 70; the rider ceases at age 80.

Lastly, we have the Child Life Rider.

Specific to the Fidelity Life RAPIDecision Life term policy, this rider extends term coverage to all your dependent children, starting from 15 days to 18 years old. 

You can choose a death benefit between $5,000 and $25,000. Coverage for each child persists until they turn 23 or until the policy concludes.
What’s more, each child also has the opportunity to convert the rider into their own permanent policy.

In the end, while Fidelity might not have the most extensive list of riders, the ones they offer are carefully crafted, offering additional peace of mind where it matters most.

Analyzing Fidelity Life Insurance Customer Service

When we talk about life insurance companies, it’s essential not just to focus on the products they offer but also on the quality of service they provide. After all, we’re not just purchasing a policy; we’re forming a long-term relationship that should ideally be marked by understanding, respect, and responsiveness.

Fidelity Life’s customer service is often praised for its professionalism and commitment.
The company aims to provide every customer an efficient and seamless experience, starting from the first interaction and continuing well after the policy has been issued.

Their customer service representatives are well-trained, knowledgeable, and patient, always ready to answer questions, clarify doubts, and guide policyholders through the complexities of life insurance.
The company also offers several avenues for customer support, including phone, email, and an online portal, which indicates its commitment to making interactions as convenient as possible for policyholders.

In an era where customer service often feels impersonal and transactional, Fidelity Life strives to bring back the human touch. They understand that behind every policy is someone with unique needs and concerns, and their customer service reflects this understanding.

However, like any company, Fidelity Life is not immune to occasional customer grievances. Most issues pertain to policy details and claims processing. It’s essential for you, as a potential policyholder, to thoroughly understand your policy’s terms and conditions and communicate effectively with your agent or the customer service team.

Overall, Fidelity Life’s customer service appears to be built around respect for the customer and a genuine desire to assist. It’s a quality that sets the company apart and enhances the value they provide to their policyholders.

The Financial Strength of Fidelity Life Insurance Company

As we move forward in our exploration of Fidelity Life Insurance, we must turn our attention to a critical factor: the company’s financial strength.
After all, a life insurance policy is a promise that could be fulfilled several decades later. So, we need to ensure that the company we choose is financially stable and capable of keeping that promise when the time comes.

Now, if we look at Fidelity Life, we find that it has received strong ratings from reputable agencies. AM Best, a credit rating agency dedicated to the insurance industry, has given Fidelity Life an ‘A-‘ rating. This signifies an ‘Excellent‘ ability to meet their ongoing insurance obligations. 

But what does this mean for you? As a policyholder, this financial strength signifies security. It reflects Fidelity Life’s ability to pay out claims today or thirty years from now. It’s about knowing that when you’ve spent years investing in a policy, the company will fulfill its part of the deal when needed.

Let’s not forget these ratings aren’t just static numbers. They’re dynamic, changing based on the company’s financial condition, business decisions, and market developments. It’s essential to watch these ratings as part of your ongoing relationship with your life insurance company.

Remember, buying life insurance isn’t just about purchasing a policy; it’s about investing in a promise. And financial strength is a critical part of that promise. It’s the bedrock that gives you the peace of mind that your investment today will secure the future of your loved ones tomorrow.

Key Takeaways

As we conclude our deep dive into Fidelity Life Insurance Company, reflecting on what we’ve discussed is essential. 

Life insurance, at its core, is about providing security and rest for you and your loved ones. It’s about knowing that your family’s financial future is secured no matter what life throws at you.

Throughout its long history, Fidelity Life has consistently committed to serving its policyholders’ needs. From its diverse range of products and thoughtful riders to its responsive customer service and robust financial strength, Fidelity Life showcases qualities that make it stand out in the crowded life insurance industry.

But remember, the best life insurance policy is one that fits your unique needs and circumstances. It’s essential to do your due diligence, ask questions, and weigh your options before making a decision. Whether it’s a term policy for your growing family, a whole life policy as a part of your retirement plan, or final expense insurance for your golden years, Fidelity Life offers many options designed to suit different stages of life and financial goals.

In the end, the choice of a life insurance company is a deeply personal one. It’s a decision that impacts you and the people you care about the most. Our exploration of Fidelity Life aims to provide you with valuable insights and a better understanding of what the company offers.

As we wrap up, remember that life insurance isn’t just a contract; it’s a promise of protection, stability, and peace. As you step forward in your journey towards securing that promise, know that companies like Fidelity Life are there, ready to walk with you every step of the way.