Fidelity Life earned a MoneyGeek Score of 4.2 out of 5. Average rates for $500,000 in coverage start at $44 per month for women and $58 per month for men, based on MoneyGeek's analysis of quotes for healthy 40-year-old nonsmokers.
Read our comprehensive Fidelity life insurance review below to learn more.
Updated: March 24, 2026
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Fidelity Life term life insurance policies are available for terms ranging from 10 to 30 years. Coverage limits for some term life policies are capped at $2 million.
Fidelity Life's whole life policy offers coverage of up to $150,000. The company also offers final expense policies, but it doesn't have universal life insurance products.
Term policies are cheaper than whole life or permanent policies. You can choose from term limits ranging from 10 to 30 years, depending on your needs and financial situation.
This is a term life policy available in 10- to 30-year terms. You get coverage of up to $2,000,000. You don’t need to wait for a medical exam for your coverage to take effect, since you have up to six months to take your medical exam.
This policy provides both all-cause death benefits and accidental death coverage until you complete full medical underwriting. After medical underwriting, the policy converts to 100% all-cause coverage. If you don't pass the medical exam, the blended coverage remains in place, maintaining some level of financial protection.
This term policy is available in 10- to 30-year terms and offers coverage of up to $150,000. Fidelity Life recommends this policy for those between 50 and 70 who are in good health. You won’t be required to undergo a medical exam, but you’ll need to provide your health information to qualify.
Senior Life Term policies provide graded death benefits for the first three years, with full benefits beginning in year four. Premiums are fixed for the length of the policy, and you have the option to renew annually on expiration until you reach the age of 95.
Fidelity Life term policies work well for young, healthy applicants. You can choose a term length that suits your needs and set your coverage amount based on your budget.
Fidelity Life offers one whole life policy, which provides permanent coverage for the duration of your life. It costs more than term coverage, but builds cash value and guarantees a death benefit.
This is a whole life policy that offers coverage amounts ranging from $10,000 and $150,000 based on age. This policy is recommended for people who are between the ages of 50 and 85 and want a permanent life insurance policy that accrues cash value and offers final expense coverage.
Premiums for this policy type are fixed, and partial coverage begins immediately. Full death benefits are paid upon death after year three. Medical exams aren't required, but you’ll need to provide information about your health.
This whole life policy allows you to borrow against the accrued cash value of your policy to meet your financial needs. If a policy lapses, the policyholder may receive the net cash surrender value, not the full accumulated cash value. Loans and fees reduce the amount.
Fidelity Life's whole life policy suits applicants over 50 with lifelong dependents who need permanent coverage, a guaranteed death benefit and help with final expenses. The policy builds cash value you can borrow against, a plus if you want coverage that doubles as a savings tool.
Final expense policies are geared towards seniors and offer a guaranteed payout to help your beneficiaries cover final expenses like funeral expenses and medical bills.
It gives you $5,000 to $40,000 in coverage, depending on your needs. Premiums are fixed for the lifetime of the policy, and full coverage begins immediately.
There's no medical exam required for this policy, but you’ll be required to answer some health questions during the application process. This type of policy functions as a type of whole life policy and allows the accumulation of cash value.
You’ll receive a death benefit of up to $25,000. Premiums are fixed for the level of the policy, and you can accumulate cash value. You don’t need to take a medical exam for approval, and once approved, your coverage will take effect immediately. For the first three years, the policy offers a reduced death benefit, with full death benefits taking effect from year four.
Final expense policies from Fidelity Life are a good option for seniors who want to ease the burden of final expenses for their beneficiaries. They offer varying levels of coverage based on your needs and don’t require a medical exam for approval.
Fidelity Life offers standalone accidental death insurance designed to pay benefits only when death results from a covered accident, as defined in the policy. Coverage begins after approval and doesn't require a medical exam, making this option accessible to applicants who don't qualify for traditional life insurance. Policies are available to adults ages 20 to 59 and offer coverage amounts ranging from $50,000 to $500,000. Premiums remain level for the life of the policy.
Accidental death insurance can supplement existing life insurance by adding targeted financial protection specifically for accidental events.
Life insurance riders are optional benefits that you can add to your standard life insurance coverage at a cost. They help you customize your life insurance coverage to suit your needs, and Fidelity Life insurance offers the following options.
Rider | Description |
|---|---|
Accidental Death Benefit Rider | This rider extends your benefits to include coverage if you die due to a covered accident. Your beneficiaries will be paid an additional lump sum benefit based on the coverage of your rider. |
Family Accidental Death Benefit Rider | This rider extends your benefit to include coverage in case your spouse or children die in an accident. It's only available if you have the Fidelity Life Insurance Accidental Death Benefit policy. |
Terminal Illness Rider | This rider allows you early access to your death benefit if you’re diagnosed with a terminal illness. This means you’ll receive part of your policy while you’re alive. |
Child Rider | A child rider provides a death benefit if a covered child (under 18 years) passes away while your policy is in effect. Benefit amounts depend on policy terms. |
Inflation Rider | This rider increases the payable death benefits of your life insurance policy over time to help offset inflation, based on policy terms. It's only available with Fidelity Life’s standalone accidental death benefit policies. |
Return of Premium Rider | This rider applies only to Fidelity Life’s standalone accidental death benefit policies. If the policy expires or is canceled before death, it refunds a portion of the premiums paid. |
Fidelity Life bases life insurance pricing on a combination of coverage amount, term length and applicant profile. Younger applicants and lower coverage levels result in lower premiums, while costs rise as coverage increases because the insurer takes on greater payout risk. Term length also matters. Longer terms and permanent policies lock in rates for more years, which raises monthly and annual costs compared with shorter policies.
The table below illustrates how premiums change as coverage amounts increase for a fixed term and applicant profile.
| $100,000 | $15 | $174 |
| $250,000 | $25 | $303 |
| $500,000 | $44 | $522 |
| $750,000 | $65 | $785 |
| $1,000,000 | $85 | $1,018 |
| $2,000,000 | $153 | $1,832 |
Rates shown reflect average quotes for applicants with average health and weight based on MoneyGeek's 2026 survey of life insurance providers. Your actual premiums will depend on your age, health, lifestyle and state regulations. Contact licensed agents for personalized quotes.
Fidelity Life offers an online application process with fast approval timeline. You can also get in touch with one of their agents for help with your application.
Fidelity Life offers various life insurance options, so compare plan benefits and coverages to find the best option for your needs. Consider whether a term or whole life policy will serve you better based on your situation.
Premiums for life insurance products vary widely depending on age, health and other factors. You'll save money by shopping around. Compare quotes to make sure you're getting the best rates for your profile. Coverage level impacts the premium and death benefit.
Fidelity Life has policy options that don’t require a medical exam, but remember that such policies may have low coverage caps. Discuss with your agent the best type of policy for you based on your health and age to get the right policy.
Fidelity Life approves most policies in a day, subject to medical underwriting where applicable. Once your policy is approved, you can set up automatic payments to ensure that your premiums stay current and your policy doesn’t lapse.
Beneficiaries start the claims process by getting a certified death certificate and locating the policy number. Fidelity Life requires a completed claim form for each listed beneficiary. The company publishes its official claim forms and submission instructions on its claims page.
After Fidelity Life receives the claim request, it reviews the policy terms, beneficiary designations and cause of death. Claims filed after the contestability period that don't involve policy exclusions move through the review more quickly. If additional records are required, Fidelity Life contacts the beneficiary directly, which can extend processing time.
Approved claims pay benefits as a lump sum unless the policy specifies another settlement option. Payment methods depend on the options available at payout, such as check or electronic deposit.
Fidelity Life's life insurance rates are competitive for healthy applicants, but people focused on affordability have cheaper options. Banner Life and Transamerica have average rates at $37 per month for women and $46 per month for men on a $500,000, 20-year term for a 40-year-old nonsmoker. These rates are below Fidelity Life's average.
Fidelity Life's permanent options are limited compared to most major insurers. Its whole life policy caps at $150,000, and it offers no universal life product, which rules it out for people who need high-value permanent coverage or flexible-premium lifetime policies. Insurers like USAA offer permanent coverage well above those limits.
Customer experience is another factor to consider. Fidelity Life's NAIC complaint index of 1.66 is above the national baseline of 1.00, which means it gets more complaints relative to its market share than most competitors. For people who prioritize smooth claims handling and strong service records, keep that in mind along with price. For a broader comparison, see MoneyGeek's best life insurance and cheapest life insurance rankings.
In our Fidelity Life insurance review, we found that the company is an excellent choice for people seeking temporary coverage and seniors requiring permanent life, short-term or final expense coverage. If you're looking for the best whole life insurance, this provider offers limited options.
Fidelity Life has multiple policies for seniors, including some that don't require medical underwriting. This makes it a good choice for seniors looking for permanent life insurance, short-term policies or final expense life coverage.
Comparing Fidelity Life with other insurers helps clarify whether its coverage limits, underwriting rules and pricing align with your needs.
Fidelity Life is a solid option for people who want flexible term coverage or no-exam policies for seniors. It doesn't offer universal life insurance, so buyers who want permanent flexible-premium coverage should compare alternatives.
Yes, you can borrow against your Fidelity Life insurance policy, but only if you have a whole life policy. Term life insurance policies don’t accrue cash value and can’t be borrowed against.
No, Fidelity Life doesn’t have a policy type that is eligible to receive dividends.
Yes, Fidelity Life offers some plan types that don't require you to pass a medical exam. Each policy type has applicable exclusions. Eligibility depends on cancer type, treatment status and time since diagnosis. Clarify with a Fidelity Life agent which type of policy you’re eligible for.
Most life insurance policies cover accidental death, which may include accidental drug overdose. Fidelity Life doesn't specify which exclusions apply to its accidental death coverage. Seek clarification from an agent on whether drug overdose is covered in your preferred life insurance plan.
Fidelity Life insurance policies have a suicide clause excluding coverage for death by suicide within a specific period of buying a policy. Suicide clauses are subject to state laws in some cases, so it is best to speak to a Fidelity Life agent to find out whether your preferred policy has a suicide clause.
MoneyGeek collected Fidelity Life term life insurance quotes using a standard baseline profile: a 40-year-old nonsmoker with average health seeking $500,000 in coverage on a 20-year term. Rate data comes from collected quotes. The MoneyGeek Score weights are Affordability at 50%, Customer Experience at 30% and Coverage at 20%. Customer experience includes J.D. Power scores, AM Best financial strength ratings and NAIC complaint indexes.
About Mark Fitzpatrick
Mark Fitzpatrick, a Licensed Property and Casualty Insurance Producer, is MoneyGeek's resident Personal Finance Expert. He has analyzed the insurance market for over five years, conducting original research for insurance shoppers. His insights have been featured in CNBC, NBC News and Mashable.
Fitzpatrick holds a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He's also a five-time Jeopardy champion!
He writes about economics and insurance, breaking down complex topics so people know what they're buying.
