Fidelity Life Insurance Review & Complaints

Fidelity Life Insurance Company sells whole and term life insurance products in 48 states, excluding New York and Wyoming. Fidelity life insurance costs around $15 per month, but rates vary depending on your age, gender, and medical history. Fidelity is accredited by the Better Business Bureau and received an A+ rating. The company also earned an A- rating from A.M. Best. However, customer complaints are higher than average for a company of its size.

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D. Gilson is a writer and author of essays, poetry, and scholarship that explore the relationship between popular culture, literature, sexuality, and memoir. His latest book is Jesus Freak, with Will Stockton, part of Bloomsbury’s 33 1/3 Series. His other books include I Will Say This Exactly One Time and Crush. His first chapbook, Catch & Release, won the 2012 Robin Becker Prize from Seve...

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Leslie Kasperowicz holds a BA in Social Sciences from the University of Winnipeg. She spent several years as a Farmers Insurance CSR, gaining a solid understanding of insurance products including home, life, auto, and commercial and working directly with insurance customers to understand their needs. She has since used that knowledge in her more than ten years as a writer, largely in the insuranc...

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Reviewed by Leslie Kasperowicz
Farmers CSR for 4 Years

UPDATED: May 3, 2021

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The Highlights

  • Fidelity Life Insurance Company sells whole and term life insurance products in all states besides New York and Wyoming
  • Rates for Fidelity life insurance starts at $15 per month
  • Only people 50 and older can purchase Fidelity whole life insurance, and you cannot convert term policies

Founded in 1896, Fidelity Life Insurance Company sells life insurance products in every state besides New York and Wyoming.

Fidelity Life is in no way associated with Fidelity & Guaranty Life Insurance Company, now called F&G Annuities & Life.

According to the company website, Fidelity life insurance quotes start at $15 per month, but your actual rates depend on what policy you purchase, your medical history, and your age.

Below, compare real Fidelity life insurance rates, see what products the company offers, and determine if this company is right for you.

We compiled average rates for the Fidelity life insurance company below, but if you enter your ZIP code into our free quote tool above, you can compare life insurance rates from the top providers near you.

What are the Fidelity Life Insurance Rates?

On the Fidelity website, the company claims life insurance rates start as low as $15 per month, based on a healthy, 30-year-old female.

However, the starting costs with Fidelity vary depending on what insurance product you purchase.

According to the website, a 30-year-old, healthy female can expect the following costs:

  • 10-year term RAPIDecision Life: $18.49 for up to $250,000 coverage
  • 20-year term RAPIDecision Life: $33.06 for up to $500,000 coverage
  • 30-year RAPIDecision Life: $44.81 for up to $500,000 coverage

However, many different factors impact your Fidelity life insurance costs, including your medical history, gender, and age. Let’s explore the accuracy of these starting rates.

Life insurance premiums are tiered. Healthy, younger people in the preferred and preferred plus tiers pay the least.

People in average health in the standard tier pay the base price. Higher-risk applicants often receive substandard rates.

What health conditions affect life insurance? The company sites chronic illnesses, hereditary diseases, and pre-existing conditions on the Fidelity website, including cancer, heart disease, and even high blood pressure.

In the table below, we’ve compiled the average monthly costs real people pay for the different Fidelity Life RAPIDecision term lengths with a $250,000 death benefit by gender and age.

Fidelity Life Average Monthly RAPIDecision Life Insurance Rates for $250,000 Coverage
Age10-Year Term Average Monthly Rates (Female)10-Year Term Average Monthly Rates (Male)20-Year Term Average Monthly Rates (Female)20-Year Term Average Monthly Rates (Male)30-Year Term Average Monthly Rates (Female)30-Year Term Average Monthly Rates (Male)
25-Year-Old$12.18$13.49$15.66$18.92$19.58$25.88
30-Year-Old$12.40$13.49$16.10$19.14$21.97$26.32
35-Year-Old$13.70$14.36$18.71$20.45$24.36$27.84
40-Year-Old$15.23$16.31$22.62$25.01$31.76$39.80
45-Year-Old$21.32$23.71$31.76$37.19$48.50$64.16
50-Year-Old$29.36$32.84$45.68$54.59$70.69$98.53
55-Year-Old$40.02$48.72$68.95$85.26NANA
60-Year-Old$56.99$74.82$106.36$156.82NANA
65-Year-Old$90.48$139.64NANANANA
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As you can see on Fidelity’s website, starting rates appear to be relatively accurate based on the average rates above. If you’re in good health, you can easily secure affordable Fidelity Life insurance costs.

The next table compares real average monthly costs for different term lengths for the RAPIDecision life insurance with a $500,000 death benefit by gender and age.

Fidelity Life Average Monthly RAPIDecision Life Insurance Rates for $500,000 Coverage
Age10-Year Term Average Monthly Rates (Female)10-Year Term Average Monthly Rates (Male)20-Year Term Average Monthly Rates (Female)20-Year Term Average Monthly Rates (Male)30-Year Term Average Monthly Rates (Female)30-Year Term Average Monthly Rates (Male)
25-Year-Old$18.27$20.45$24.36$31.76$32.63$45.24
30-Year-Old$18.71$20.45$25.23$32.19$37.41$46.55
35-Year-Old$20.88$22.62$29.58$33.93$41.33$49.59
40-Year-Old$24.36$26.10$37.63$43.94$56.99$73.08
45-Year-Old$36.11$40.89$55.25$68.30$84.39$120.06
50-Year-Old$50.46$60.03$81.35$103.53$133.98$187.49
55-Year-Old$73.08$90.92$119.63$160.95NANA
60-Year-Old$107.01$143.55$200.10$269.27NANA
65-Year-Old$173.57$270.14NANANANA
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Again, the starting rates on the Fidelity website remain accurate. However, age restrictions apply to both of the term life insurance policies.

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What Insurance Products does Fidelity Life Offer?

Fidelity offers term, permanent, and final expense life insurance policies referred to as RAPIDecision Life policies.

It provides a fast underwriting timeline, securing coverage in only a few days in some cases.

The RAPIDesicion term options are available in 10-, 15-, 20-, and 30-year increments, with death benefits ranging from $50,000 to $1,000,000.

You must be between 18 and 65 to purchase Fidelity term insurance.

Available riders include adding a child term policy with an additional $5,000 to $25,000 death benefit.

RAPIDecision Express comes with a much lower death benefit, between $25,000 to $100,000, with no medical exam. Optional riders include an accelerated death benefit and adding a child term.

For whole or permanent life insurance policy, Fidelity sells three different options. RAPIDecision Senior Whole Life policies are available for people between the ages of 50 and 85.

The coverage lasts your lifetime, and death benefits range between $10,000 to $150,000.

RAPIDecision Final Expense insurance is available to help with funeral and other end-of-life costs.

The coverage starts at $5,000 and goes up to $35,000 with an accelerated death benefit rider.

Finally, RAPIDecision Guaranteed Issue life insurance policies are available to anyone with no associated medical exam.

However, this will be the most expensive policy option.

If you’re between the ages of 20 and 59, you can purchase Fidelity’s accidental death benefit coverage with amounts between $50,000 and $300,000.

Available riders include auto safety, college fund, family accidental death, inflation, return of premium, spouse double tragedy, and travel benefits.

What are the Fidelity Life Insurance Ratings and Reviews?

You want to trust that your life insurance provider can pay your beneficiary with the proper death benefit amount. Therefore, let’s take a look at the Fidelity Life financial strength ratings and reviews.

The Better Business Bureau (BBB) accredited Fidelity since 2014, and it received an A+ rating from the BBB. The company also received an A- rating from A.M. Best. Fortunately, this means you can trust the Fidelity financial standings.

Next, let’s explore the customer service reviews. Unfortunately, the complaint index for Fidelity Life as developed by the National Association of Insurance Commissioners (NAIC) is 2.75.

A complaint index above 1 means Fidelity Life receives more complaints than average for a company of its size.

Most negative customer reviews reference issues with billing and collections issues.

Fidelity Life: What’s the Bottom Line?

Overall, Fidelity Life sells affordable term policies, especially for young, healthy individuals.

However, some sources claim Fidelity’s life insurance rates skew higher than the insurance industry average. Age restrictions also apply to the whole policies.

Before choosing to buy a Fidelity Life insurance policy, compare the best insurance companies online to secure your lowest rates without compromising your coverage needs.

Comparison shopping can help reveal if Fidelity Life is your perfect fit or a total miss.

We’ve covered everything you need to know about Fidelity Life insurance; now start shopping by entering your ZIP code into our free tool below, and you’ll receive rates from the top providers active and available near you.

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