The Fidelity Investments Life Insurance Company is a financial services company that helps Americans prepare for retirement and protect their families. The company specializes in group insurance, pension risk transfer, executive benefits, and other retirement planning products. Its philosophy has always been to be innovative, personal, and compassionate. This approach lies at the heart of the Fidelity way.
It offers several types of policies, including final expense insurance and permanent disability insurance. A final expense policy pays a small death benefit that is designed to cover expenses associated with burial and other end-of-life expenses. The company also offers a simplified-issue policy that asks fewer health questions. This type of policy has lower coverage limits and a graded death benefit during the first three years. It is available to people ages 50 to 85. However, the death benefit will be lower if the applicant dies due to natural causes.
Fidelity Life Insurance policies are offered online. You can apply for a policy by adding contact information, and a customer service representative will contact you to finalize your application. If you’re interested in obtaining a life insurance policy from the company, you can choose from a range of term policies, whole life, and final expense policies. You can also add a rider for additional protection. Fidelity life insurance policies are available in most states.
Fidelity Life also offers an Accident Rider, which provides an additional death benefit up to $300,000 when an accident occurs. This optional feature does not require a medical exam and is ideal for people with pre-existing conditions. Fidelity Life RAPIDecision(r) policy can also provide term coverage for dependent children up to age 15-18, which will last until the child reaches age 23.
Fidelity Life was founded in 1896 and focuses on offering affordable life insurance. Its online operations have simplified underwriting practices. If you’re looking for a no-medical-exam life insurance policy, Fidelity Life may be the right choice. Their RAPIDecision(r) policies only require a brief health questionnaire and do not require a waiting period.
ConsumerAffairs and Trustpilot ratings are positive. While Fidelity Life has average customer service and a good financial strength rating, some customers are not satisfied with their coverage. However, they have closed complaints within the past three years. Their agents have positive customer satisfaction ratings and a decent customer service score.