Fidelity Life Insurance Company has been providing life insurance products to policyholders since its founding in 1896. The company offers a variety of life insurance products, including term life, whole life, and universal life policies. Fidelity Life also offers annuities and other financial products.
Fidelity Life is a mutual insurance company, meaning it is owned by its policyholders. The company is headquartered in Chicago, Illinois. Fidelity Life is licensed to do business in all 50 states and the District of Columbia.
Fidelity Life’s website provides an overview of the company’s products and services, as well as contact information for customer service and claims. The website also includes an online quoting tool for term life insurance.
The Different Types of Fidelity Life Insurance Policies
Fidelity Life Insurance offers several different types of life insurance policies, each with its own set of features and benefits. The most common type of policy is the term life insurance policy, which provides coverage for a set period of time, usually 10, 20, or 30 years. Whole life insurance policies are another popular type of policy, which provide coverage for the insured’s entire lifetime. Universal life insurance policies are another type that offer flexible coverage options and can be custom-tailored to meet the needs of the policyholder.
Pros and Cons of Fidelity Life Insurance
When it comes to life insurance, there are a lot of different options out there. Fidelity Life Insurance is one option that you may be considering. But what are the pros and cons of this company? Here’s a look:
Pros:
-Fidelity Life Insurance has been in business for over 100 years. This means that they have a lot of experience and they are a well-established company.
-They offer a variety of different life insurance policies, so you can find one that fits your needs.
-They have an A+ rating from the Better Business Bureau.
-Their policies come with some great benefits, such as the death benefit and the living benefit.
-They have a team of experienced agents who can help you choose the right policy for you.
Cons:
-Their rates are not the lowest on the market.
-Some of their policies have high premiums.
-Their website is not very user friendly and it can be difficult to find information about their policies.
How Much Does Fidelity Life Insurance Cost?
When it comes to life insurance, there are a lot of factors that go into how much your policy will cost. Things like your age, health, and the amount of coverage you need all play a role in determining your premium.
That being said, Fidelity Life is one of the more affordable life insurance companies out there. A healthy 30-year-old man can get a $500,000 term life policy from Fidelity for as little as $25 per month.
Of course, rates will go up as you get older and if you have any health issues. But overall, Fidelity Life is a very competitively priced life insurance company.
What Riders are Available with Fidelity Life Insurance?
There are three different types of riders available with Fidelity Life Insurance: the Whole Life Rider, the Term Life Rider, and the Accidental Death Rider.
The Whole Life Rider is a rider that can be added to a whole life insurance policy. This rider will provide coverage for the policyholder for their entire life. The term of this rider is usually set at 10, 20, or 30 years.
The Term Life Rider is a rider that can be added to a term life insurance policy. This rider will provide coverage for the policyholder for a set period of time, usually 5, 10, 15, 20, or 30 years.
The Accidental Death Rider is a rider that can be added to any type of life insurance policy. This rider will provide coverage for the policyholder in the event of their death due to an accident.
How Does Fidelity Life Insurance Compare to Other Companies?
Fidelity Life is a direct-to-consumer life insurance company with a simple and easy application process. Fidelity Life offers term life, whole life, and universal life insurance policies, as well as annuities and long-term care insurance.
Fidelity Life has an A.M. Best rating of “A” (Excellent), which is the second highest rating that a company can receive. The company has been in business since 1896 and has an excellent reputation.
Fidelity Life is one of the few companies that does not use medical underwriting, so if you have a pre-existing condition, you can still get coverage. The company also offers some of the lowest rates for smokers and for people with HIV/AIDS.
Fidelity Life’s customer service is outstanding, and the company has an easy-to-use website. Overall, Fidelity Life is a great choice for life insurance coverage.
Conclusion
Fidelity Life Insurance is a great option for those who are looking to get the most out of their life insurance coverage. Not only does it offer competitive rates and excellent customer service, but its wide variety of options allows you to customize your coverage for whatever your specific needs may be.
We hope that our review has given you an in-depth look at what Fidelity Life Insurance can offer, as well as detailed insights into consumer reviews and overall company ratings. Regardless of which provider you choose, make sure that they have the best combination of cost, coverage and customer service tailored specifically to your individual needs.