American Amicable vs. Fidelity Life: Best Life Insurance Company in 2021

In a comparison of American Amicable vs. Fidelity Life, Fidelity came out on top. Both companies received the same rating from A.M. Best and the Better Business Bureau. However, Fidelity Life offers more affordable rates to men and women of various ages.

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Rachael Brennan has been working in the insurance industry since 2006 when she began working as a licensed insurance representative for 21st Century Insurance, during which time she earned her Property and Casualty license in all 50 states. After several years she expanded her insurance expertise, earning her license in Health and AD&D insurance as well. She has worked for small health in...

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Benjamin Carr was a licensed insurance agent in Georgia and has two years' experience in life, health, property and casualty coverage. He has worked with State Farm and other risk management firms. He is also a strategic writer and editor with a background in branding, marketing, and quality assurance. He has been in military newsrooms — literally on the frontline of journalism.

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Reviewed by Benji Carr
Former Licensed Life Insurance Agent

UPDATED: Apr 30, 2021

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Quick Facts

  • Fidelity Life offers more affordable rates to men and women of various ages than American Amicable.
  • Both companies received an identical rating from the Better Business Bureau.
  • Both companies received an identical rating from A.M. Best.

Determining the right life insurance provider for your needs can be daunting. The best protections for you and your loved ones can vary greatly from your friends and neighbors.

Comparing American Amicable vs. Fidelity Life insurance companies, you should examine both company pricing and company ratings.

Perhaps another provider would offer more choices than American Amicable vs. Fidelity Life insurance rates. Type your ZIP code into our free and helpful tool above. 

American Amicable vs. Fidelity Life: Which company offers more affordable rates to women?

When you set out to find the right life insurance company for you, it stands to reason that you want to start with the factors that are most important to you. For many, that comes down to companies’ pricing.

Let’s take a look at a table that shows the rates offered to women of different ages for a 20-year $250,000 term life insurance policy.

Sample Average Female Monthly Life Insurance Rates for a 20-year term $250,000 Policy by Age and Company
CompanyAge 50 Average Monthly RatesAge 60 Average Monthly Rates
American Amicable$58.50$136.35
 Banner $31.17 $78.83
Cincinnati Life $27.28$56.76
Fidelity Life $45.68$58.32
 Foresters $31.94 $85.97
John Hancock$33.92$78.08
Liberty Mutual$32.94$59.76
 Lincoln $32.77 $160.13
 Mutual of Omaha $36.05 $94.02
Haven Life$21.54$48.09
MassMutual$31.08$63.58
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Is it easier to find affordable American Amicable vs. Fidelity Life insurance quotes? As you can see, for women in their 50s, Fidelity Life is nearly $13 cheaper per month than American Amicable.

For women in their 60s, American Amicable is over $78 more expensive per month than Fidelity Life.  Fidelity Life offers lower rates to women. Let’s see if this holds true for the rates offered to men.

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American Amicable vs. Fidelity Life: Which company offers more affordable rates to men?

We’re now going to engage in a process similar to what we did in the last section, but this time, the table will show the rates offered to men of various ages for a 20-year term life insurance policy valued at $250,000.

Sample Average Male Monthly Life Insurance Rates for a 20-year term $250,000 Policy by Age and Company
Company Age 50 Average Monthly RatesAge 60 Average Monthly Rates
Accordia Life$56.07$153.53
American Amicable$87.75$190.35
Banner $40.85 $111.13
Cincinnati Life$27.28$56.76
Fidelity Life $54.59$73.92
 Foresters $42.66 $114.84
Liberty Mutual$40.32$95.58
 Lincoln $46.55 $190.53
Mutual of Omaha $46.55 $134.05
Haven Life$25.72$65.77
John Hancock$44.47$115.00
MassMutual$37.59$87.42
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As you can see, for men in their 50s, American Amicable is over $33 more expensive per month than Fidelity Life. For men in their 60s, American Amicable is a whopping $116 more expensive per month than Fidelity Life.

So, Fidelity Life wins again. Let’s wrap up with company ratings and see if Fidelity Life can sweep this thing.

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American Amicable vs. Fidelity Life: Which company is more well-reviewed?

We’re going to finish with American Amicable Life Insurance reviews and Fidelity Life Insurance reviews from A.M. Best and the Better Business Bureau (BBB).

A positive rating from one or both of these two rating organizations can give you confidence that a life insurance company has and will continue to have financial strength.

The Better Business Bureau’s rating scale goes from the highest score of “A+” down to the lowest score of “F.” American Amicable received the Better Business Bureau’s highest rating of “A+,” and it is also BBB accredited.

What score did the Better Business Bureau give Fidelity Life? It turns out that Fidelity Life received the same rating and also holds BBB accreditation.

A.M. Best’s Financial Strength Rating (FSR) scale is slightly different in that it ranges from “A++” down to “D.” Not to mention, there are actually two different scales. American Amicable has an A.M. Best FSR of “A-” (Excellent).

What Financial Strength Rating did Fidelity Life receive? It received the same rating of “A-.”

A.M. Best also has what is called Long-Term Issuer Credit Ratings (Long-Term ICR). While the Financial Strength Ratings are about an insurer’s financial strength and its ability to meet ongoing policy and contractual obligations, a Long-Term ICR is focused on the future. A Long-Term ICR can be issued on a long-term basis or short-term basis.

This scale goes from the high end of “aaa” (Exceptional) down to the low end of “c.” It’s a little confusing, so the scale goes like this: “aaa,” “aa,” “a,” “bbb,” “bb,” “b,” “ccc,” “cc,” “c.” A company can also score notches in its rating, i.e., “aa+.”

What long-term ICR did American Amicable receive? It received a rating of “a-.” How did Fidelity Life fare? Once again, Fidelity Life received the same rating of “a-.”

In short, you have two great options here and they are very, very close. However, Fidelity Life’s pricing gives it a slight edge over American Amicable. Also, Fidelity Life insurance is a no-medical-exam life insurance company, so if that’s what was holding you back, fear not. Not to mention you can get Fidelity Life insurance for seniors. Be sure to ask about discounts, many of which can be acquired as simply as typing in your Fidelity Life login.

Another company may be able to compete beyond questions of whether to buy American Amicable vs. Fidelity Life insurance. Before you leave us, type your ZIP code into our free and helpful tool below to find affordable life insurance quotes in your area.

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