Fidelity Life's term policies last 10 to 30 years with coverage up to $2 million. Its whole life policy covers up to $150,000. The company also sells final expense and guaranteed issue policies, but it doesn't have a universal life product.
2026 Fidelity Life Insurance Review: Rates, Pros & Cons
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 quotes for healthy 40-year-old nonsmokers. The insurer's no-exam RAPIDecision policies and senior-focused final expense options are well-suited to older applicants and buyers who want fast approval without a medical exam.
Read our comprehensive Fidelity life insurance review to learn about its pricing, pros and cons and decide if it's right for you.
Select age group
Updated: July 20, 2026
Advertising & Editorial Disclosure
At a Glance: Fidelity Life Insurance Review
Fidelity Life
MoneyGeek Rating
4.2/ 5
4.2/5Affordability
4.2/5Customer Experience
4/5Coverage Points
Average Monthly Cost
$44 (F); $58 (M)Average cost for a 40-year-old male nonsmoker with a 20-year term policy and $500,000 coverage amount.Ages Supported
18-70
Fidelity Life Insurance Products
Term Life Insurance Options
Term policies cost less than whole life or other permanent policies because they only cover you for a set period rather than your entire life. Fidelity Life's term lengths range from 10 to 30 years. Applicants who are young and in good health typically qualify for the lowest rates.
RAPIDecision LifeThis 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.
- RAPIDecision Senior Life
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.
Whole Life Insurance Options
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.
RAPIDecision Senior Whole LifeThis 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 Insurance Options
Final expense insurance is a small whole life policy designed to cover funeral costs and other end-of-life expenses. Fidelity Life's final expense policies don't require a medical exam and offer coverage amounts based on your needs.
RAPIDecision Final ExpenseIt 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.- RAPIDecision Guaranteed Issue Life
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'S ACCIDENTAL DEATH INSURANCE
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.
This type of policy works as an add-on to your existing life insurance, not a replacement for it, since it only pays out for accidental deaths.
Fidelity Life’s Life Insurance Riders
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 Insurance Costs
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.
Data filtered by:
20
40
Female
No
| $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.
How to Buy Life Insurance From Fidelity Life
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.
- 1Do Your Research
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.
- 2Compare Quotes
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.
- 3Health Check
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.
- 4Approval
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.
Fidelity Life Insurance Claims Process
To start a claim, beneficiaries need a certified death certificate and the policy number on hand. Fidelity Life requires a completed claim form from each listed beneficiary. You can find official claim forms and submission instructions on its claims page.
Once Fidelity Life receives the claim, it reviews the policy terms, beneficiary designations and cause of death. Claims filed outside the contestability period and without policy exclusions generally move through review faster. If Fidelity Life needs additional records, it contacts the beneficiary directly, which can extend processing time.
Approved claims pay out as a lump sum unless the policy specifies a different settlement option. Payment methods, such as check or electronic deposit, depend on the options available at payout.
How to Contact Fidelity Life
Fidelity Life's customer service team is reachable at 800-369-3990, Monday through Friday from 8 a.m. to 5 p.m. Central time. You can also email service@fidelitylife.com.
Policyholders can manage most account changes, such as address updates and beneficiary changes, through Fidelity Life's online customer portal. The insurer doesn't list a live chat option on its support page. For general correspondence, Fidelity Life's mailing address is P.O. Box 5030, Des Plaines, IL 60017.
Fidelity Life Insurance vs. Other Insurers
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.
Fidelity Life | Term, Whole | $44 (F); $58 (M) | A- | 1.66 | 4.2 |
AAA | Term, Whole, Universal | $41 (F), $49 (M) | A | 1.81 | 4.3 |
Banner Life | Term, Universal | $37 (F), $46 (M) | A+ | 0.16 | 4.5 |
Nationwide | Term, Whole, Universal, IUL | $45 (F), $56 (M) | A+ | 0.08 | 4.5 |
USAA | Term, Whole, Universal, IUL | $38 (F), $48 (M) | A++ | 0.12 | 4.4 |
Is Fidelity Life Right for You?
Fidelity Life is a good fit if you:
- Want temporary coverage. Term life policies run 10 to 30 years and cost less than permanent options.
- Are a senior seeking no-exam coverage. Several senior-focused products skip the medical exam entirely.
- Need final expense or guaranteed acceptance coverage. Fidelity Life's final expense and guaranteed issue policies are built for exactly this.
Consider another insurer if you:
- Want high-value whole life coverage. Fidelity Life's whole life policy caps at $150,000, well below what USAA and other competitors offer.
- Need a universal life policy. Fidelity Life doesn't sell one.
- Prioritize a clean complaint record. Fidelity Life's NAIC complaint index of 1.66 is above the industry average.
Fidelity Life Insurance Reviews: FAQ
Fidelity Life is a solid option for people who want flexible term coverage or no-exam policies as a senior. It doesn't offer universal life insurance, so buyers who want permanent, flexible-premium coverage should compare alternatives.
Fidelity Life's whole life, final expense and guaranteed issue policies build cash value you can borrow against or withdraw from. Withdrawals and loans reduce the death benefit, and a lapsed policy pays the net cash surrender value rather than the full amount. Term life policies don't build cash value, so there's nothing to withdraw. Standalone accidental death policies work the same way unless you add the Return of Premium Rider, which refunds part of your premiums if you cancel or outlive the policy.
Yes, but only if you have a whole life policy. Term life policies don't build cash value and can't be borrowed against.
No, Fidelity Life doesn't have a policy type eligible to receive dividends.
Yes, some Fidelity Life plans don't require a medical exam. Eligibility depends on your cancer type, treatment status and time since diagnosis. Ask a Fidelity Life agent which policy type you qualify 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 that exclude 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.
Related Pages
About Mark Fitzpatrick
Mark Fitzpatrick, a licensed Property and Casualty (P&C) Insurance Producer in Connecticut, is MoneyGeek's resident insurance expert. He has spent nearly a decade analyzing the market, first at LendingTree and now at MoneyGeek, where he produces original research on hundreds of carriers and millions of rates across auto, home, renters, health and life insurance.
He covers economics and insurance at MoneyGeek, and his work has been featured in The Washington Post, The New York Times and NPR, among other outlets.
Like all MoneyGeek analysts, he draws on independent cost and consumer experience data. No insurance company partnership influences his recommendations.
Mark holds a B.A. from Boston College and an M.A. in Economics and International Relations from Johns Hopkins University. He started his career in financial risk management at State Street and is also a five-time “Jeopardy!” champion.
Sources
- Fidelity Life. "Accidental Death Insurance." Accessed July 19, 2026.
- Fidelity Life. "Claim Forms." Accessed July 19, 2026.
- Fidelity Life. "Does Life Insurance Cover Suicide." Accessed July 19, 2026.
- Fidelity Life. "Life Insurance Riders." Accessed July 19, 2026.
- Fidelity Life. "RAPIDecision® Final Expense Insurance." Accessed July 19, 2026.
- Fidelity Life. "RAPIDecision® Guaranteed Issue." Accessed July 19, 2026.
- Fidelity Life. "RAPIDecision® Senior Life Term." Accessed July 19, 2026.
- Fidelity Life. "RAPIDecision® Term Life Insurance." Accessed July 19, 2026.
- Fidelity Life. "RAPIDecision® Whole Life Insurance for Seniors." Accessed July 19, 2026.