Fidelity Life Insurance Review

Where does Fidelity Life Insurance do business?

Fidelity Life Insurance is an insurance carrier based in Chicago, IL. The company was founded in 1896 and offers life insurance in 48 states (and Washington, DC). Life insurance is important for anyone who has loved who depend on them financially. It can also help with final expenses and burial costs.

What types of life insurance coverage does Fidelity Life Insurance offer?

Insurance carries typically offer a wide variety of policies. One of the best ways to save money on life insurance is to avoid unnecessary coverage. Only purchase policies and riders you actually need.

Here is a brief description of the coverage Fidelity Life Insurance offers.

• Term Life Insurance - This is the simplest type of life insurance. It is payable if the insured person dies within a specific period of time, such as 5, 10, or 30 years. Fidelity Life Insurance offers term lengths ranging from 10 to 30 years. Death benefit amounts range from $25,000 to $1,000,000.
• Whole Life Insurance - Whole life insurance policies remain in force for the entire life of the policyholder provided premiums are paid.

As well as the basic coverage types mentioned above, Fidelity Life Insurance also offers the following policies:

• Final Expenses - Even bare-bones funerals can cost thousands of dollars. This policy, also known as burial insurance, covers funeral and burial costs.

How can you save money on a Fidelity Life Insurance life insurance policy?

When you ask for a quote with Fidelity Life Insurance, ask what policy discounts are available.

These include:

• Being a non-smoker

What is the financial strength rating of Fidelity Life Insurance?

Each agency has its own standards and rating scale and a company's rating can change any day. It's a good idea to check the financial rating of an insurance company before you purchase a policy.

There are five main rating agencies. SuperMoney's financial strength rating is based, among other factors, on the average score from available ratings.

Fidelity Life Insurance scores an A+, SuperMoney's highest available rating.