Fidelity Life Insurance Review 2024

Fidelity Life Insurance is a highly recommended life insurance company offered through Top Quote Life Insurance. If you’re considering a Fidelity insurance policy, a quote or just some information you have come to the right place.

The below Fidelity Life Insurance review will help provide you with information about the insurance company as well as the available life insurance products they can offer you.

Fidelity Life Insurance Company is just one of many great life insurance companies out there. If you’re in search of a new life insurance policy be sure to do your research.

We at Top Quote Life Insurance have put together one of the largest online reviews of some of the best life insurance companies. Take a look and please reach out to us if you need anything.

Looking to compare life insurance prices? We can help. Enter your ZIP code to get free quotes from multiple insurers.

History of Fidelity Life Insurance

In 1896, the Fidelity Life Association got its start as the Mystic Workers of the World.

The company was originally a benefit society whose purpose was to financially protect its members in the Midwest and the Northern United States. It was a product of the expanding middle class and quickly grew in size and scope along with its clientele.

Even though the Great Depression, the company that would become Fidelity Life Insurance kept growing. In fact, the company’s assets grew by almost 100 percent in 1929, in spite of the financial disaster in the country.

The fraternal benefit society took on the name Fidelity Life Association in 1930 and kept growing along with the many changes in America. It wasn’t until 1953 that Fidelity rebranded as a mutual legal reserve life insurance business.

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Fidelity Life Insurance Today

Today, Fidelity remains one of the rare companies that focuses on helping the middle class. They have kept a focus on having good, affordable policies that offer plenty of value.

At the end of 2015, Fidelity’s assets reached over $421 million, with over $28.5 billion life insurance in force. In 2014, the company received slightly under $60 million in life insurance premiums, and by 2015, that number had grown to over $69 million.

This consistent growth shows that Fidelity has remained a trustworthy, respectable company over the years. Let’s take a look at Fidelity life insurance pros and cons, so you can decide if this insurance option is the right fit for you.

Positives of Fidelity Life Insurance

The first and most obvious pro is simply the longstanding positive reputation that Fidelity offers.

This company has lasted so long through good business practices and the ability to adapt to the changing needs of the middle class.

With over 100 years of good business practices, it’s easy to see why this is a trustworthy choice for life insurance. And the fact that it has been able to meet people’s needs over so much time is a testament to the company’s ability to innovate and adapt.

Another pro is how effectively Fidelity has put modern technology into use. Unlike many insurance providers, Fidelity has found ways to accelerate the process of underwriting using modern technology.

This digital approach means you can get your insurance approved much faster, and won’t need to do an exam.

This method of underwriting is often referred to as accelerated no medical exam underwriting and can provide faster approval times than the traditional underwriting that requires an exam. 

One more benefit is the variety of different types of life insurance policies Fidelity offers. The multiple, flexible options allow you to find something that works for you, no matter what your needs are.

There are different policies that work best depending on your health status, age, income level, and the amount of coverage you want.

RAPIDecision Policies

One of the best things Fidelity Life Insurance has to offer is its selection of RAPIDecision policies.

These policies offer a fast, easy way to get coverage. In addition to Fidelity Life Insurance’s many other great policy options, they offer several in the RAPIDecision category. Here are a few of the most popular ones.

RAPIDDecision Express

This policy requires no exam and is designed to be approved quickly.

It offers a level death benefit up to age 95 and uses Fidelity’s innovative technology to accelerate the underwriting process. The terms available are 10, 15, 20 and 30 years, dependant on your age.

RAPIDecision Life

This is another of Fidelity fast approval life insurance policy. This option allows you to receive coverage in as little as one to two days after you answer the health questions on the application.

This policy has a hybrid approach, offering part accidental death insurance as well as one part level term life insurance. Although an exam is required, you have six months to take it, after which your coverage will extend to 100 percent.

RAPIDecision Guaranteed Issue

If you’re between ages 50 and 85, this can be a great policy, offering coverage for any post-mortem expenses with no health test or questionnaire needed.

Since this is considered a guaranteed acceptance life insurance policy, you’ll get a reduced benefit plan in the first three years, followed by the full $20,000 whole life coverage.

RAPIDecision Accidental Death

The accidental death benefit plan has a variety of pricing options depending on your desired coverage level. If you don’t qualify for regular life insurance, or have an existing plan that you need to supplement, this is a valuable option.

It can cost as little as $10 a month, making this an extremely affordable choice for many people. The accidental death plan is a great way to make sure your family or business will be able to make it through an unexpected tragedy.

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Cons of Fidelity Life Insurance

Fidelity has a great range of life insurance options, but the one drawback is that there is no guarantee that they will offer the best option for you. Instead, it helps to research different insurance companies with your needs in mind, so that you can be sure you make the right choice.

For example, if you have a unique situation – such as a passion for risky activities – you might need to find a company that works with that niche. It’s always best to research your options before you settle on one company – life insurance is a big decision!

Final Thoughts

Life insurance is a big decision, and the more research you do, the easier it will be to make the right choice.

Fidelity Life Insurance is one great insurance choice, offering many different options to meet different needs. With its long history of serving the American middle class, this is a company you can trust with your life insurance policy.

Want to learn more about life insurance? If you have questions or need help getting a life policy from this company, you can do it through Top Quote Life Insurance. Contact us today.

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