Fidelity Life Insurance Company Review

Life insurance is an important financial tool. The proceeds that are received by the beneficiaries of a life insurance policy are received income tax-free. There are very few financial products offering tax-free benefits. Life insurance remains a very attractive, terrific tax-free financial product.  This means to the beneficiary that 100 percent of the life insurance proceeds will be available to be used for critical financial needs such as paying off debt, covering the monthly family bills, college funding, gifting, paying the funeral expenses and other final expenses of the insured.

Fidelity Life Insurance Company ReviewIn fact, life insurance is one of the most important purchases that you’ll ever make for your loved ones. It’s one of the smartest ways to ensure that your family has the money that they need in the event of your untimely passing. We ensure our cars, cell phones and our homes. It stands to reason we should the person whose income pays for all those bills, right?   As you begin shopping for life insurance coverage, it’s important that you find the best company for your life insurance needs. There are hundreds of life insurance companies on the market. Unfortunately, it may be overwhelming, confusing and very frustrating trying to find the best carrier and policy on your own.

When considering the purchase of a life insurance policy, there are many factors that are essential to consider. For example, the type and the amount of coverage that you are obtaining is key to ensuring that your loved ones will have what they need for various financial obligations.

The younger your children the more life insurance you will need to protect their futures. A $250,000 – $500,000 policy with a 20 or 30-year term offers terrific protection.

Another primary consideration, though, is the insurance carrier that you purchase the coverage through. You certainly do not want to go to bed at night worrying if your life company will be in business five years down the road. Fortunately, with the internet providing easy access at your fingertips, you can quickly research the financial strength and rating of any life insurance carrier you are considering.

Obviously, your objective is to confirm the life carrier you are considering is stable and strong from a financial standpoint. It is also helpful that the carrier has a positive reputation for paying out its policyholder claims in a timely, hassle-free manner. One company that certainly fits this criterion is Fidelity Life Insurance Company.

The History of Fidelity Life Insurance Company

Fidelity Life Insurance Company was initially founded back in 1896. The company was originally named Mystic Workers of the World, a fraternal benefit society that was designed for providing financial protection for the growing middle class of the Midwest and the Northern States.

By the year 1915, the company had already reached $100 million of life insurance in force, and in 1929, during the U.S. Great Recession, the company increased a number of its assets my almost 100 percent. The following year, the company changed its name to Fidelity Life Association, and over the years, the company continued to grow.

In the early 1950s, Fidelity became a mutual legal reserve life insurance company, and soon afterward, it became affiliated with a series of life insurance organizations via fee-for-management agreements.

Roughly a half-century later, in 2005, the company once again became independent, focusing on middle Americans and helping its customers to grow and protect their wealth and their loved ones.

In 2009, Fidelity Life Insurance Company’s parent company added customer-oriented capabilities when it acquired Efinancial – a direct to consumer sales entity. This, too, helped to signify Fidelity’s focus on the financial security of Americans.

Fidelity Life Insurance

Today, Fidelity Life Insurance Company is a large and well respected financial entity. As of year-end 2015, the company held total assets more than $421 million, and a face amount of life insurance in force of more than $28.5 billion.  In 2015, the company took in more than $69 million in net life insurance premiums, which is an increase over 2014 from just under $60 million.

fidelity life insuranceLife Insurance Company is Lifestory Interactive with Members Mutual Holding Company as its ultimate parent. Through this company Fidelity organized as a stock insurance company.

Fidelity is licensed to do business in all the U.S. states — with the exception of New York and Wyoming. The company is headquartered in Des Plains, Illinois. Customer service representatives of Fidelity can be reached via phone between the hours of 8:00 a.m. and 5:00 p.m. Central Time on Monday through Friday, or at any time via email.

The approach that is used by Fidelity in fulfilling its customers’ basic needs includes offering assistance with maintaining a family’s standard of living, mortgage protection, gifting, helping a family to pay ongoing family debts, funding the future education of children and / or grandchildren, paying for final expenses, and leaving the family a financial legacy.

Insurer Ratings and Better Business Bureau Grade

insurer ratingsDue to its strong financial position and its good reputation for paying policyholder claims out promptly, Fidelity has been given a rating of A- (Excellent) by A.M. Best Company, the leading provider of news, ratings, and financial data for insurance companies. (This rating was reaffirmed on June 24, 2016).

In addition, Fidelity Life Insurance Company is an accredited company via the Better Business Bureau (BBB). Through the Better Business Bureau, the company has been given a grade of A+, which is on an overall grade scale of A+ through F.

Life Insurance Products For Your Family Offered By Fidelity

Fidelity Life Insurance Company offers a wide range of life insurance products to fit your family’s goals. This can be very helpful for its customers so that they can find the coverage that best fits with their particular need and budget. These include the following:


rapid decision through fidelity lifeThe RAPIDecision Express policy offers benefit amounts that range from $50,000 to $250,000. These policies are open to applicants who are between the ages of 18 and 65. Unlike many other life insurance policy options, applicants can obtain approval and policy issue within just a few days, as versus weeks – or longer. (In most cases, approval and policy issuance can take only 24 to 48 hours).

For seniors, Fidelity Life Insurance Company offers several life insurance coverage options, such as the:


If you are between the ages of 50 and 85 you may purchase either term or whole life insurance coverage. With term life insurance protection, you may be covered with a death benefit of up to $150,000 with a minimum face amount of $10,000. Approval for this coverage is based primarily upon the answers that are provided on the application for coverage. In this case, one section of the level premium term life insurance will pay out a death benefit for any cause – other than those that are specifically excluded in the policy.

Another attractive feature of the coverage is an accidental death benefit that will pay out an additional amount of death benefit in the event the you pass away due to a covered accident. Whole life insurance also offers death benefit coverage of between $10,000 up to $150,000, as well as a cash value component where the funds in the account can grow and compound on a tax-deferred basis. This means that there are no taxes due on the growth of these funds unless or until they are withdrawn. There is a popular tax-free loan option available on your cash accumulation as well.


Today, because the cost of a funeral and other related final expenses can be quite high, the RAPIDecision Final Expense insurance policy may offer a way to quickly and affordably pay these escalating costs. This plan is open to individuals who are between the age of 50 and 85 years old, with permanent protection of up to $35,000. While there is no medical examination required for policy approval, there are some health questions that will be asked on the application for coverage to take place.

Fidelity Life Insurance Company also offers life insurance products through the worksite. Excellent options are available to certain employers and associations. With these coverage options, workers, and / or members, as well as various family members, can also be covered with life insurance protection.

In many cases, life insurance through the worksite is generally very affordable.  In addition, the premium amount on these plans is guaranteed not to change over time. The protection that is available can be as much as $250,000 for the primary insured, and up to 50 percent of that amount for the covered spouse.

Worksite life insurance coverage through Fidelity Life Insurance Company can be purchased by those who are between the ages of 16 and 70. In addition to the excellent, affordable life insurance protection, these plans may also be eligible for additional coverage riders, such as a dependent child benefit, an accidental death benefit, and / or waiver of premium and accidental death benefit for long-term care needs.

No Medical Exam Life Insurance Protection

Fidelity Life Insurance Company also offer no medical exam and guaranteed issue life insurance coverage. These types of policies can be helpful for those who may have certain adverse health conditions and may not otherwise qualify for a traditional medically underwritten life insurance policy.

With no medical exam coverage, there is no need to meet with a paramedical professional who takes your blood pressure, blood and a urine sample. Therefore, there is no need to wait for medical related results – and in turn, the policy can be issued much faster. NOTE: Premiums are a bit higher with a no exam policy compared to policies that require a medical exam.

The company also offers a guaranteed issue life insurance policy. The RAPIDecision Guaranteed Issue policy consists of permanent whole life insurance coverage with face amounts up to $20,000 for applicants who are between the ages of 50 and 85. It is simple to qualify for this policy, as there is no medical examination required, nor are there any health questions that are asked on the application for coverage. Excellent policy choice for paying final expenses.

Because of this, all applicants who are within the age requirement of this policy can be approved – provided that the premium is paid. In addition, the coverage will remain in force for your lifetime and cannot be canceled by the insurance company. It is important to note that with this guaranteed issue policy, there is a reduced amount of death benefit paid out to the policy’s named beneficiary if the insured dies within three years of purchasing the policy. This helps to reduce the risk that is taken on by the insurance carrier.

Other Available Products and Services

In addition to regular life insurance coverage for consumers, Fidelity Life Insurance Company also provides accidental death and dismemberment coverage. With accidental death coverage, benefits are paid in the event of death that results from an accident within 90 days of the incident’s occurrence. Accidental death coverage is much less than standard life insurance.

This RAPIDecision Accidental Death Benefit coverage is available to those who are between the ages of 20 and 59, with protection amounts of between $50,000 and $250,000. With this plan, the full amount of benefit would be paid out, tax-free, up to the insured’s age 70, and then the amount is reduced to 50 percent of the stated face amount until the policy expires at the insured’s age 80.

Accidental death coverage can be purchased through Fidelity Life Insurance Company for as little as $10 per month. There are also various family and inflation riders that can be added to this plan to help in “customizing” the coverage to best fit your individual needs.

If you would like quotes from high risk life insurance providers; we can provide you with a comparison today.

How to Get the Best Rates on Life Insurance Coverage

If you are seeking the best premium rates on life insurance coverage on policies from Fidelity Life Insurance Company – or from any other insurer – it is often best to work in conjunction with an independent life insurance brokerage or agency that deals with many different insurers.

That way, you will be much better able to compare policies, companies, and premium quotes – all in an unbiased manner – and from there, you will be able to determine which will be the best for you and your specific needs. We can do this for you very quickly and easily – all from your computer – and without you having to meet in person with a life insurance agent.

When you are ready to see the type and amount of affordable life insurance coverage that may be available to you, we can help. We work with many of the top life insurance carriers in the marketplace today, and we can assist you with obtaining all of the essential details that you will need for making a well-informed buying decision. If you are ready to move forward, then just simply take just a moment to fill out the form on this page.

We love helping you with finding the most appropriate policy for your personal needs. Should you find that you still have any questions about life insurance coverage from Fidelity Life Insurance Company, or any other carrier, as well as questions regarding life insurance for seniors, please feel free to contact us directly.

We can be reached via phone, toll-free, by dialing 800.277.3098.

We understand that the purchase of life insurance is often a bit overwhelming. There are many different variables to consider, and you want to be sure that you will be obtaining the best type and amount of coverage for your loved ones’ potential needs. Fortunately, finding the right policy can be much easier with an ally on your side. So, contact us today – we’re here to help. We are a group of independent insurance agents, which means we work with dozens of highly rated, well-known companies across the nation and we can provide the best rates directly to you quickly and conveniently at no charge whatsoever.

Life insurance is one of the most important purchases that you’ll ever make for your family. It’s one of the only ways that you can guarantee that your family has the critical funds that they need to pay off any bills or debts that you would leave behind.  Really, life insurance should be called “love” insurance. It is all about protecting those you care about the most in your life. Make sure that your family has the protection that they need. Don’t wait another day to get the insurance coverage that they deserve, contact one of our agents and we can get the process started.

About Jack D. Davis at
About Jack D. Davis at

Jack D DavisBorn and raised in a quiet suburb of Philadelphia, PA, the youngest of nine children, son of two wonderful parents, Jack developed his work ethic early on. While attending West Chester University, he volunteered to join the US Army Reserves for a six-year enlistment. Attending college during the day, working evenings, and fulfilling his military obligation on various weekends, Jack learned the value of hard work and time management. After graduating from college (BS in Business Management), he began working as a sales representative for a Fortune 100 company and honed his marketing skills. In 1985 Jack started his financial planning career as an agent with Mutual Benefit Life.  After Mutual Benefit Life ran into financial difficulties, Jack decided to “go it alone”. His company, “Eagles Soar Enterprises, LLC.” successfully grew for almost 30 years. Jack’s skill-set is understanding and recognizing the personal needs of families and business owners. His patience in explaining the numerous options available is greatly appreciated by his clients. Jack agrees that life insurance is a difficult topic and people are rarely “excited” about discussing the subject. When Jack was 23 he witnessed firsthand how important life insurance is when he lost his Dad to cancer. Jack’s Mom used the life insurance proceeds to help minimize the financial loss.  Jack recognizes how critically important proper insurance planning is to the surviving spouse, business partner and, most importantly, the children of his clients. In his free time Jack enjoys playing tennis, horseshoes, ping pong, exercising, reading and attending Philadelphia Eagles football games. Jack has two wonderful children and currently resides in beautiful St. Petersburg, FL. Questions? Call Jack at 1.800.277.3098 or email:

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