Last Updated: February 6th, 2026
Fidelity Life Association is a life insurance company founded in 1896, now owned by iA Financial Group. They hold an A- (Excellent) AM Best rating with a positive outlook and specialize in no-medical-exam policies through their RAPIDecision platform. Fidelity Life is licensed in 48 states plus Washington D.C. (not available in New York or Wyoming) and offers term, whole life, final expense, and accidental death coverage.
If you’re looking into Fidelity Life Insurance, you probably want to know one thing. Is this company worth your time and money?
That’s a fair question. Fidelity Life Association has been around since 1896, which puts them among the oldest life insurance companies in the country. They’ve built a reputation around fast approvals and no-medical-exam policies, which appeals to people who want coverage without the hassle of blood tests and doctor visits.
But Fidelity Life Association is not the same company as Fidelity Investments. That’s a common mix-up. Fidelity Life Association is a standalone life insurance company based in Des Plaines, Illinois. Fidelity Investments is the well-known financial services firm. They’re completely separate companies with no connection to each other.
In this review, we’ll cover Fidelity Life’s financial strength, product lineup, who they’re best suited for, and where they fall short.
Fidelity Life Company Overview
Fidelity Life started in 1896 under the name Mystic Workers of the World. It was originally a fraternal benefit society that offered financial protection to middle-class families in the Midwest and Northern United States. By 1915, the company had roughly $100 million of active life insurance in force. They changed the name to Fidelity Life Association in 1930.
The company continued to grow through mergers, acquisitions, and a steady focus on making life insurance more accessible to everyday Americans. Today, Fidelity Life has over $43 billion of life insurance in force.
A big ownership change happened in 2024. iA Financial Group, a major Canadian insurance and financial services company, completed its acquisition of Vericity (Fidelity Life’s parent company) in June 2024. This is positive news for policyholders. iA Financial has injected significant capital into Fidelity Life, strengthening the company’s financial position and supporting future growth.
Fidelity Life is headquartered in Des Plaines, Illinois. They’re licensed in 48 states plus Washington D.C. but don’t currently offer coverage in New York or Wyoming. Product availability can also vary by state, so it’s worth checking what’s offered in your area.
Financial Strength and Ratings
When you’re trusting a company with your family’s financial future, ratings matter. Here’s where Fidelity Life stands today.
AM Best rates Fidelity Life A- (Excellent) with a positive outlook as of October 2025. The positive outlook reflects the financial backing from iA Financial Group and the capital contributions made since the acquisition. AM Best also noted that Fidelity Life’s risk-adjusted capitalization is at the strongest level.
Fidelity Life is also a BBB-accredited business with an A rating from the Better Business Bureau. On top of that, Forbes named them one of America’s Best Insurance Companies for 2025 in both the Permanent Life and Term Life categories.
It’s worth noting that the NAIC (National Association of Insurance Commissioners) complaint index for Fidelity Life has historically been higher than the industry average. Customer service has been a known weak point. That said, reviews on Trustpilot show improvement in recent years with a 4.6 out of 5 star rating based on nearly 1,600 reviews.
Fidelity Life Insurance Products
Fidelity Life offers all of their products through the RAPIDecision platform, which uses accelerated underwriting to speed up the approval process. Most applications get a decision within 24 to 48 hours, and no policies require a traditional medical exam.
Here’s a comparison of their current product lineup:
| Product | Type | Ages | Coverage Amounts | Key Feature |
|---|---|---|---|---|
| RAPIDecision Life | Term Life | 18-65 | $50,000 to $2 million | Blend of term + accidental death benefit, optional paramedical exam within 6 months |
| RAPIDecision Express | Term Life | Varies by state | Varies by state | 10, 15, 20, or 30-year level premium terms, level death benefit to age 95 |
| RAPIDecision Senior Life Term | Term Life | 50-70 | $10,000 to $150,000 | 10, 20, or 30-year terms based on age |
| RAPIDecision Senior Whole Life | Whole Life | 50-85 | $10,000 to $150,000 | Guaranteed level premiums for life, matures at age 121 |
| RAPIDecision Final Expense | Whole Life | 50-85 | $5,000 to $35,000 | Covers funeral and end-of-life costs, simplified underwriting |
| RAPIDecision Guaranteed Issue | Whole Life | 50-85 | Up to $20,000 | No health questions, no underwriting, 3-year graded death benefit |
| Accidental Death Benefit | Accidental Death | 20-59 | $100,000 to $150,000 | Covers death from accident within 90 days of the incident |
Age ranges, coverage amounts, and product availability may vary by state. Check with Fidelity Life or an independent agent for the most current details.
A note about the RAPIDecision Life product. This policy is a blend of two types of coverage. One portion is a standard level premium term policy that pays a death benefit regardless of cause of death. The other portion provides an additional accidental death benefit. Within the first six months, you can complete a paramedical exam, and Fidelity Life may increase your coverage blend at no extra cost if your health supports it. If the exam shows your health has declined, your benefits won’t change.
About the Guaranteed Issue option. Because there are no health questions and no underwriting, this policy comes with a graded death benefit. If the insured dies within the first three years, beneficiaries receive a reduced benefit. Full coverage begins in year four. This policy also builds cash value on a tax-deferred basis.
Who Is Fidelity Life Best For?
Fidelity Life works well for certain situations, but they’re not the right fit for everyone. Here’s an honest look.
Fidelity Life is a strong option if you:
- Want coverage without a medical exam, which is Fidelity Life’s specialty across their entire no-medical-exam life insurance product line
- Are between 50 and 85 and need final expense life insurance or whole life coverage
- Need fast approval, since most decisions come within 24 to 48 hours
- Have health conditions that might make traditional underwriting difficult
- Want a simple, straightforward application process
Fidelity Life may not be the best fit if you:
- Are young and healthy, since you’ll likely find better rates with carriers that offer full medical underwriting
- Need coverage in New York or Wyoming
- Want the absolute lowest premiums, because no-exam convenience typically comes with higher rates
- Need coverage amounts above $2 million
- Prioritize customer service experience, as their NAIC complaint ratio has been above average
The bottom line is that Fidelity Life fills a specific niche well. Their no-exam policies and fast approvals make them a solid choice for people who need coverage quickly or who might struggle with traditional underwriting. But if you’re in good health and have time for a full medical exam, you can often find better pricing elsewhere.
Frequently Asked Questions About Fidelity Life Insurance
Is Fidelity Life the same as Fidelity Investments?
No. Fidelity Life Association is a standalone life insurance company based in Des Plaines, Illinois. It has no connection to Fidelity Investments, the financial services company. Fidelity Life is now owned by iA Financial Group, a major Canadian insurance company that completed its acquisition in June 2024.
What is Fidelity Life’s AM Best rating?
Fidelity Life holds an A- (Excellent) rating from AM Best with a positive outlook as of October 2025. The positive outlook reflects the strong financial backing from its parent company, iA Financial Group.
Does Fidelity Life require a medical exam?
No. All Fidelity Life products use their RAPIDecision platform, which relies on health questions and database checks instead of blood tests or physical exams. Some applicants for RAPIDecision Life may have the option to complete a paramedical exam within six months to potentially increase their coverage.
What states does Fidelity Life cover?
Fidelity Life is licensed in 48 states plus Washington D.C. They don’t offer coverage in New York or Wyoming. Product availability may also vary by state.
How fast can I get approved for Fidelity Life coverage?
Most RAPIDecision applications receive a decision within 24 to 48 hours. This is significantly faster than carriers that require full medical underwriting, which can take several weeks.
Is Fidelity Life good for seniors?
Fidelity Life is a strong option for seniors ages 50 to 85. They offer several products designed specifically for this age group, including Senior Life Term, Senior Whole Life, Final Expense, and Guaranteed Issue coverage. None of these require a medical exam.
Key Takeaways
- Fidelity Life Association has been in business since 1896 and now has over $43 billion of life insurance in force.
- iA Financial Group acquired Fidelity Life’s parent company in June 2024, strengthening the company’s financial position.
- AM Best rates Fidelity Life A- (Excellent) with a positive outlook as of October 2025.
- All products are no-medical-exam, with most approvals coming within 24 to 48 hours through the RAPIDecision platform.
- Fidelity Life is licensed in 48 states plus D.C. but not available in New York or Wyoming.
- They’re best suited for applicants who want fast, no-exam coverage, especially seniors ages 50 to 85.
- Healthy applicants with time for full underwriting may find better rates with other carriers.
Not sure if Fidelity Life is the right fit? We work with dozens of top-rated carriers and can help you compare your options. Fill out the quote form on this page or call us at 800-712-8519 for a no-pressure conversation.
