About Fidelity Life Association Insurance Company
Is Fidelity life a good company? Yes, in fact they are one of the top best life insurance companies around! Life insurance is one of the noblest purchases you can make — it ensures that those you love are financially taken care of after you pass. It also prevents your family from inheriting any of your debts.
We always recommend shopping around before settling on an insurance company. This way, you can compare rates, and find the policy that best suits what you are looking for. Besides, there are so many life insurance options available that it would be silly not to receive several quotes. The Banner Life Insurance Company is just one example of the reliable life insurance companies out there.
A Brief History of Fidelity Life Association Insurance Company
The company has been around for a while, beginning in the mid 1890’s. Originally, it was known as Mystic Workers of the World and began by offering cheap life insurance to blue collar workers in the northern states. Its HQ is in Illinois.
Fidelity Life Association gained a significant amount of policyholders within just a few years, with over $100 million worth of life insurance by the early 1900’s. Even when the great depression hit, Fidelity Life managed to continually grow their company.
Fidelity Becomes a stock insurance company
About 10 years ago, Fidelity life expanded into a stock insurance company. They soon bought E-Financial and continued their growth. Today, Fidelity Life has over $25 billion in life insurance, and are still famous for their affordable life insurance for middle-class citizens.
They have proven to be unusually consistent through the years. The stability that they offer as a company is certainly appealing to anyone looking for life insurance. We always recommend researching rating agencies reviews on insurance companies before committing to one, as this information can be a good indication of how the company operates as a whole. Fidelity life consistently receives high reviews and was given an A- by A.M. Best — the top insurance rating agency in the US.
What kind of coverage does fidelity life insurance offer
What are some of their other benefits
- Accidental Death Benefit
- Dependent Child Benefit
- Waiver of Premium and Accidental Death Benefit for Long Term Care
How much coverage does fidelity life offer
For those younger than 45, you can receive up to $250,000. For a 55 year old, the max amount is $200,000. We spoke on this before, but you don’t need to take a medical exam if you don’t want. However, you will be asked a few basic questions about your health.
What about graded benefit term and whole life policies
Graded death benefit means your beneficiaries won’t receive the full death benefit in the event that you pass away within 3 years of starting the policy — they’ll only receive any premiums paid, with interest. Fidelity Life offers both term and whole life graded benefits.
Fidelity Life is an excellent life insurance company for those not wanting to take a medical exam. As mentioned above, make sure you compare all of the best life insurance companies before making any decisions.
Fidelity life insurance company contact information
Fidelity Life Corporate Address:
Fidelity Life Association
8700 W. Bryn Mawr Avenue
Chicago, IL 60631
Fidelity Life Insurance Customer Support or policy questions:
Fidelity Life phone number: