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Fidelity Review
Fidelity Review
May 16, 2023 / Michael Graw
Fidelity Review
May 16, 2023 / Michael Graw
10-, 15-, 20-, and 30-year terms available
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Fidelity Life is a Chicago-based life insurance provider founded in 1896. It offers term and permanent life insurance, as well as final expense and accidental death insurance. Term life coverage ranges from $10,000 to $2,000,000, and prices start from only $18.49 per month.

Fidelity Life offers a variety of riders so you can customize your policy. You can get a free quote online in minutes and get approved for a policy on the same day you apply. Many policies don’t require a medical exam.


  • Affordable term life insurance policies for seniors
  • Apply online and get approved the same day
  • Multiple riders to customize your policy
  • A- financial stability rating from A.M. Best


  • High number of customer complaints with NAIC
  • Cannot convert term policies to permanent policies

Suitable For?

Fidelity Life can be a good option for healthy individuals who want to get term life insurance coverage quickly. The company’s term life insurance policy is called “RAPIDecision Life” because you can apply online in minutes and have your coverage take effect the same day.

Healthy individuals may have their medical exam waived. If Fidelity Life requires a medical exam for your policy, you have up to 6 months to schedule your exam.

The company also offers senior-specific term life policies that are available to individuals between ages 50 and 70. These policies offer affordable premiums for coverage amounts ranging from $10,000 to $150,000. That’s useful for seniors who may no longer be supporting children or who have already paid off their mortgage.

Individuals who want to customize their term life policy can also benefit from Fidelity Life. The company offers multiple riders for accidental death, terminal illness, and more. These riders give you more control over the situations your policy protects against and the benefits your loved ones will receive.


  • Fast online application . Get a free quote online in minutes and purchase your policy online. Fidelity Life coverage can take effect the same day.
  • Coverage from $10,000 to $2,000,000 . Standard term life policies offer coverage from $50,000 to $2,000,000, while senior policies offer coverage from $10,000 to $150,000.
  • Renewal up to age 95 . You can renew a standard term life policy until you turn 95. You can renew senior policies up until you turn 80.
  • Flexible medical exams . You have up to 6 months to schedule a medical exam after you’re approved for a policy. Fidelity Life may waive the medical exam for healthy individuals.

Policy Types and Terms Available

Fidelity Life offers 2 different term life insurance policies. The first, RAPIDecision Life, is available for individuals between the ages of 18 and 65. It offers $50,000 to $2,000,000 in coverage and terms of 10, 15, 20, or 30 years. You can renew your policy until you turn 95, but you cannot convert it into a permanent life policy. Premiums start at $18.49 per month.

The second term life policy, RAPIDecision Senior Life, is available for individuals between the ages of 50 and 70. It offers $10,000 to $150,000 in coverage and terms of 10, 20, or 30 years. You can renew your coverage until you turn 80. Premiums start at $41.39 per month.

Fidelity Life offers several riders you can add to any term life insurance policy:

  • Accidental death rider : Provides an additional death benefit if you die as a result of an accident
  • Family accidental death rider : Provides a benefit in the event your spouse or child dies)
  • Terminal illness rider : Enables you to access your death benefit before you die, if you are diagnosed with a terminal illness.
  • Child rider : Provides a benefit in the event your child dies.
  • Inflation rider : Increases your policy’s death benefit to adjust for inflation.
  • Return of premium rider : Enables your policy to build cash value.

Fidelity Life also offers a whole life insurance policy with coverage from $10,000 to $150,000. You can also get final expense insurance with coverage up to $35,000. This benefit can be used to cover funeral expenses as well as any legal or medical expenses you leave behind.

Application Process

Fidelity Life policies are available to US residents ages 18 to 70 (you can renew existing coverage up to age 95). You can get a free quote online through Fidelity Life’s website. Here’s how the application process works.

  • Request a quote online by providing your age, gender, employment status, health status, and ZIP code.
  • Review your policy options and select the one that fits best.
  • Provide additional information, including your name and contact information.
  • Customize your policy term and coverage to see an updated quote.
  • Answer a few questions about your health, lifestyle, and income.
  • Pay for your policy online.
  • If your policy requires a medical exam, you have up to 6 months to schedule it through your online Fidelity Life account.

Overall, the application process is quite easy and takes less than 10 minutes. If you need help or want to speak to an insurance agent, you can also apply over the phone.

How Safe Is It?

Fidelity Life has been providing life insurance policies since 1896. The company has an A- financial stability rating from A.M. Best.

The National Association of Insurance Companies (NAIC) has reported that customers have submitted an unusually high volume of complaints about Fidelity Life over the past 3 years. However, Fidelity Life has an A+ rating with the Better Business Bureau and a 4.6-star rating on Trustpilot.

You can request a 30-day free look period for your policy, during which time the quoted premium won’t go up. There’s no money-back guarantee after you purchase your policy. However, you can cancel your term life policy at any time and Fidelity Life won’t charge you any additional premiums.

Help and Support

Fidelity Life offers customer support by phone and email from 8am-5pm (CT), Monday-Friday.

To submit a claim, you must fill out a claim form from Fidelity Life’s website and mail it to the company along with a certified death certificate.

Phone: 866-853-3013


Fidelity Life at a Glance

Fidelity Life offers term life insurance policies with coverage ranging from $10,000 to $2,000,000 and terms of 10, 15, 20, or 30 years. You can get a free quote online, apply in minutes, and get approved for a policy the same day. You can also customize your policy with a variety of riders. Overall, Fidelity Life is a good option for anyone who wants term life coverage quickly or who wants the ability to build a personalized policy online.

Physical Address

Fidelity Life Association

1350 E Touhy Ave., Suite 205W

Des Plaines, IL 60018


Invitations for application for life insurance on this site are made through Efinancial, LLC, a life insurance agency, or through its designated agent, Michael Bowcock, only where licensed and appointed. License numbers are available upon request and are automatically provided where required by law. Michael Bowcock is a licensed life insurance agent in all 50 states, including the District of Columbia, and his resident state of Illinois. Michael Bowcock’s Illinois license number is 11736943; in California, 0G99555; in Louisiana, 589562; in Minnesota, 40333060; in Utah, 445133; in Massachusetts, 1884080; and in Texas, 1617308. Efinancial, LLC’s California license number (d/b/a Efinancial Term Insurance Services) is 0F37537; in Louisiana, 323680 and in Utah, 104501.

Insurers: American General Life and Accident Insurance Company, Nashville, TN; Banner Life Insurance Company, Frederick, MD, and William Penn Life Insurance Company, Garden City, NY, both Legal & General America companies; Fidelity Life Association, A Legal Reserve Life Insurance Company, Chicago, IL; North American Company, Sioux Falls, SD; Protective Life and Annuity, Birmingham, AL; Pruco Life Insurance Company, Newark, NJ and Pruco Life Insurance Company of New Jersey, Newark, NJ, member companies of Prudential Financial, Inc., Newark, NJ; Transamerica Financial Life Insurance Company, Harrison, NY, and Transamerica Life Insurance Company, Cedar Rapids, IA, both AEGON companies.

Products, rates and time required to purchase a policy vary by insurer.

Get started now, visit Fidelity
By Michael Graw
Michael Graw is a freelance journalist and photographer based in Bellingham, Washington. His interests span a wide range from business technology to finance to creative media, with a focus on new technology and emerging trends. Michael's work has been published in TechRadar, Tom's Guide, Business Insider, Fast Company, Salon, and Harvard Business Review.