Fidelity Life And Fidelity Investments: Are They Linked?

Fidelity Life Insurance and Fidelity Investments are two separate entities. Fidelity Life Insurance, established in 1896 and based in Chicago, is not associated with Fidelity Investments. Fidelity Investments, formerly known as Fidelity Management & Research (FMR), is an American multinational financial services corporation based in Boston, Massachusetts. It was established in 1946 and is one of the largest asset managers in the world, offering a range of financial services, including life insurance. On the other hand, Fidelity Life Insurance offers permanent and term life insurance policies in tandem with its sister company, eFinancial. It is important to distinguish between these two companies, as they are separate entities with different specializations and offerings.

Fidelity Life Insurance is not associated with Fidelity Investments

Fidelity Life Insurance is not a subsidiary or affiliate of Fidelity Investments. They are separate entities with different histories, ownership, and areas of expertise. While both companies operate in the financial services industry, their offerings are distinct. Fidelity Investments provides a wide range of services, including brokerage, mutual funds, investment advice, retirement services, and life insurance through its subsidiary, Fidelity Investments Life Insurance Company. In contrast, Fidelity Life Insurance specializes solely in life insurance products, offering both term and whole life policies with coverage starting at $5,000 and going up to $2 million.

It is important for consumers to be aware of this distinction between the two companies, especially when considering life insurance options. While both companies share the word "Fidelity" in their names, they are not linked in any way. Therefore, when researching or purchasing life insurance, individuals should ensure they are referring to the correct company, Fidelity Life Insurance, to avoid any confusion or misunderstandings about the products and services offered.

In summary, it is clear that Fidelity Life Insurance and Fidelity Investments are separate entities with no association between them. Consumers should be mindful of this distinction when exploring life insurance options and conducting their due diligence on the companies they are considering for their financial needs.

Fidelity Investments offers life insurance through their wholly owned subsidiary Fidelity Investments Life Insurance Company

Fidelity Investments is an American multinational financial services corporation based in Boston, Massachusetts. It is one of the largest asset managers in the world, with services including brokerage, fund distribution and investment advice, retirement services, index funds, wealth management, securities execution and clearance, asset custody, and life insurance.

Fidelity Investments offers life insurance through their wholly owned subsidiary, Fidelity Investments Life Insurance Company. This subsidiary is a highly-rated life insurer that has supported families since 1987. It is important to note that Fidelity Investments Life Insurance Company is not associated with other life insurance providers that contain the word "Fidelity" in their name.

Fidelity Investments Life Insurance Company provides term life insurance, which covers individuals for a specific amount of time selected by the policyholder, typically ranging from 10 to 30 years. This type of insurance offers a safety net for a limited period and can provide financial security for loved ones at an affordable price. Term life insurance is available to those aged 18 and above who are US citizens or permanent residents.

The amount of coverage provided by term life insurance can be customised based on the policyholder's preferences. Fidelity Investments offers term life insurance policies with coverage ranging from $250,000 to $10 million, with premiums as low as $21.25 per month for a 20-year, $500,000 policy. The company also provides a quote tool to help individuals assess their coverage needs and estimate the associated costs.

In addition to term life insurance, Fidelity Investments Life Insurance Company also offers whole life insurance, a type of permanent life insurance that covers individuals for their entire lives. Whole life insurance often includes fixed premiums and accumulates cash value over time.

Fidelity Life Insurance offers policies for those up to 85 years old

Fidelity Life Insurance is not associated with Fidelity Investments. Fidelity Life Insurance is a Chicago-based company that offers permanent and term life insurance policies. It was founded in 1896 and currently holds $421 million in assets and has $41 billion in life insurance in force. It has an A- (Excellent) rating with A.M. Best.

Fidelity Investments, on the other hand, is an American multinational financial services corporation based in Boston, Massachusetts. Established in 1946, the company is one of the largest asset managers in the world, with $5.8 trillion in assets under management and $15.0 trillion in assets under administration as of September 2024.

The RAPIDecision Senior Life Term policy is for seniors aged 50 to 70 who want term life insurance. This policy has a graded death benefit that starts with full coverage in the fourth year. Usually, no medical exam is required for this policy.

Fidelity Life also offers the RAPIDecision Final Expense policy for adults aged 50 to 85. This policy is ideal for older adults without serious health conditions who are looking for end-of-life coverage at lower rates. It involves health questions but does not require a medical exam.

The RAPIDecision Guaranteed Issue Life policy is another option for those aged 50 to 85. This policy is ideal for individuals with health issues that might disqualify them from other life insurance plans. It offers guaranteed acceptance without health questions or medical exams.

Fidelity Life's term life insurance policies start at $15 a month, while the whole life insurance policies have coverage limits of up to $150,000. The company's policies are designed to provide financial security for loved ones, helping to cover essential expenses and future goals.

Fidelity Life Insurance offers term and whole life policies

Fidelity Life Insurance is not associated with Fidelity Investments. However, Fidelity Life Insurance does offer a variety of term and whole life policies.

Term Life Insurance

Fidelity Life Insurance offers two term life insurance policies: RAPIDecision Life Insurance and RAPIDecision Senior Life Insurance. The RAPIDecision Life Insurance policy is available to those between the ages of 18 and 65, while the RAPIDecision Senior Life Insurance policy is available to adults between the ages of 50 and 70. Both policies offer coverage for 10, 15, 20, or 30 years, with the option to renew annually until the age of 95. The coverage amount for RAPIDecision Life Insurance ranges from $50,000 to $2 million, while the coverage amount for RAPIDecision Senior Life Insurance ranges from $10,000 to $150,000.

Whole Life Insurance

Fidelity Life Insurance also offers three whole life insurance policies: RAPIDecision Final Expense, RAPIDecision Guaranteed Life Issue, and RAPIDecision Senior Whole Life. The RAPIDecision Final Expense and RAPIDecision Senior Whole Life policies are available to adults between the ages of 50 and 85, while the RAPIDecision Guaranteed Life Issue policy is available to those between the ages of 50 and 85. The coverage amount for the RAPIDecision Final Expense policy ranges from $5,000 to $40,000, while the coverage amount for the RAPIDecision Senior Whole Life policy ranges from $10,000 to $150,000. The RAPIDecision Guaranteed Life Issue policy offers a maximum coverage amount of $25,000.

Benefits of Fidelity Life Insurance Policies

Fidelity Life Insurance policies offer several benefits, including the option to purchase coverage up to the age of 85 and the possibility of not having to take a medical exam for approval. Additionally, the company provides online estimates and quotes for most policies, and the premiums are determined based on factors such as age, gender, location, medical history, and lifestyle.

Fidelity Life Insurance has a financial strength rating of A- (Excellent) from AM Best

Fidelity Life Insurance, also known as the Fidelity Life Association, is based in Chicago and offers permanent and term life insurance policies. It is important to note that Fidelity Life is not associated with Fidelity Investments. However, in terms of financial strength, Fidelity Life has been rated highly by AM Best, an independent credit rating agency specialising in the insurance industry.

Fidelity Life Insurance has been awarded an A- (Excellent) rating from AM Best, indicating that the company possesses a strong ability to meet its ongoing insurance and senior financial obligations. This rating reflects the company's robust financial health and stability.

The A- rating from AM Best specifically signifies Fidelity Life's "very strong risk-adjusted capitalization and balance sheet strength." This rating is a testament to the company's effective management of its financial resources and its ability to honour its commitments to policyholders. It is worth noting that this rating is a result of the company's strategic focus on profitable growth and its partnerships with leading industry players.

The financial strength rating of A- (Excellent) from AM Best provides a strong indication of Fidelity Life Insurance's financial health and stability. This rating reflects the company's ability to meet its insurance obligations and demonstrates its commitment to maintaining a robust financial foundation.

AM Best's rating of A- for Fidelity Life Insurance is a positive indicator of the company's financial stability and ability to meet its commitments. This rating is a result of the company's strategic financial management and successful business plan, which has led to rapid premium growth and impressive operating profitability.

In summary, the A- (Excellent) financial strength rating from AM Best showcases Fidelity Life Insurance's strong financial position and ability to meet its insurance obligations. This rating is a significant milestone for the company and serves as a testament to its focus on profitable growth, strategic partnerships, and overall financial stability.

Frequently asked questions