Affordable Fidelity insurance

Fidelity life facts 2025 insurance gives beneficiaries financial support that can help them pay off debts, including credit card bills and student loans, and ease the stress of a death. Bankrate’s insurance editorial team looks for companies that offer affordable policies with quick policy issuance and easy underwriting.

Fidelity offers several customizable options, with products like LifeStory Term Coverage and Rapid Decision Express that combine flexible term lengths with simplified underwriting for faster approvals and immediate coverage. The company also offers final expense and guaranteed issue policies.

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Fidelity’s online quotes and applications are user-friendly. The company also provides transparency on pricing, posting average premiums directly on its website. We obtained quotes for a 20-year RAPIDecision term policy and a final expense policy with a $500,000 death benefit and compared them to industry averages. Premiums are higher than the average for many competitors, especially for older applicants.

Fidelity also offers supplemental riders, such as an accelerated death benefit rider that lets you access part of your life insurance payout before you die if you’re diagnosed with a terminal illness and a waiver of premium rider that waives your future policy payments if you are confined to a nursing home or hospital for 180 days or more.

Fidelity is a financially stable company, with high ratings from AM Best and the Better Business Bureau (BBB). However, it’s a bit expensive compared to other life insurance companies in most age groups, especially for those in their 70s and older. It also has a somewhat limited claim reporting process and only pays out cash value via snail mail.