Insurance is a critical aspect of financial planning that ensures peace of mind and financial security in case of unexpected events. Among the top insurance providers is Fidelity Life Insurance, renowned for its exceptional products and services. This article delves into the Fidelity Life Insurance company, their services, their rates, and what they offer compared to other insurance providers.
About Fidelity Life Insurance
Fidelity Life Insurance was founded in 1896 and has since grown into one of the leading insurance providers in the United States. It is a mutual insurance company, meaning it is owned by its policyholders and not shareholders. This ensures that the company prioritizes its customers and their needs.
Fidelity Life Insurance offers a range of life insurance products that cater to individuals, families, and businesses. The company provides term life, whole life, and accidental death insurance policies. Fidelity Life Insurance has an A- rating from A.M. Best, a credit rating agency that rates insurance companies based on their financial strength.
Fidelity Life Insurance Products
Fidelity Life Insurance offers several products to its customers. These include:
Term Life Insurance
Provides coverage for a specific period, usually 10-30 years, and pays out a death benefit if the policyholder passes away during the term. These policies are generally affordable and offer a straightforward way to protect your family financially.
Whole Life Insurance
A permanent policy that offers coverage for your entire life, as long as you pay your premiums. These policies also build cash value over time, which you can borrow against or use to pay your premiums.
A policy that pays out if the policyholder passes away due to an accident. Accidental death insurance policies are more affordable than traditional life insurance policies but offer limited coverage.
Fidelity Life Insurance Rates
The cost of insurance varies depending on factors such as age, health, gender, and lifestyle. Fidelity Life Insurance offers competitive rates that cater to a wide range of customers. For instance, a 30-year term life insurance policy for a 35-year-old non-smoker in excellent health can cost as little as $18 per month.
Whole life insurance policies are generally more expensive than term life policies. However, they offer more benefits, such as lifelong coverage and cash value accumulation. A $100,000 whole life insurance policy for a 35-year-old non-smoker in excellent health can cost as little as $75 per month.
Frequently Asked Questions
What is Fidelity Life Insurance?
Fidelity Life Insurance is a mutual insurance company that offers life insurance products to individuals, families, and businesses. The company was founded in 1896 and has an A- rating from A.M. Best.
What types of insurance does Fidelity Life Insurance offer?
Fidelity Life Insurance offers term life, whole life, and accidental death insurance policies.
How much does Fidelity Life Insurance cost?
The cost of insurance varies depending on factors such as age, health, gender, and lifestyle. However, Fidelity Life Insurance offers competitive rates that cater to a wide range of customers.
Is Fidelity Life Insurance a good company?
Yes, Fidelity Life Insurance is a reputable company that has been in business for over a century. It is also rated A- by A.M. Best.
How do I get a quote from Fidelity Life Insurance?
You can get a quote from Fidelity Life Insurance by visiting their website or contacting their customer service department.
Fidelity Life Insurance is a trusted and reputable insurance provider that offers a range of products to cater to different customer needs. Their rates are competitive, and their policies offer excellent coverage and benefits. If you are looking for a reliable insurance provider, Fidelity Life Insurance is an excellent choice.