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

When comparing American National vs. Fidelity Life, both life insurance companies are trustworthy and well-rated. American National offers more life insurance policy types while Fidelity Life's rates are cheaper for men and women. Fidelity Life gets a slight advantage from rating agencies. Compare American National vs. Fidelity Life insurance rates, products, and ratings to see which company is right for you.

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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: Jul 19, 2021

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Quick Facts

  • Comparing American National vs. Fidelity Life shows Fidelity Life offers cheaper life insurance for men and women
  • Fidelity Life has a better rating from Standard & Poor’s (S&P)
  • American National offers more life insurance policy types and riders

Comparing term life insurance quotes is a good idea when shopping for a life insurance policy. Doing so allows you to find the right coverage at the best rates as you evaluate top life insurers such as American National vs. Fidelity Life.

It’s also worth considering  financial strength ratings, customer satisfaction, reviews, and policy options if you purchase life insurance from American National or Fidelity Life.

You may be surprised to learn how much money you can save if you compare life insurance quotes from American National vs. Fidelity Life. Enter your ZIP code now to receive free instant quotes from multiple life insurance companies.

American National vs. Fidelity Life: Which company has cheaper term life insurance? 

Prices for the same or similar life insurance coverage can be quite different between insurers. Comparing life insurance quotes from various insurance companies ensures you get a great rate. 

Which rate is cheaper when comparing American National vs. Fidelity Life insurance? Let’s take a side-by-side view of sample life insurance rates for non-smoking males and females between the ages of 25 and 55. 

Average American National vs. Fidelity Life Monthly Life Insurance Rates for Non-Smoker by Age and Gender
Age and GenderAmerican National Life Average Monthly Rates $100,000/20-Year TermFidelity Life Average Monthly Rates $100,000/20-Year Term
25 - Male$15.98 $12.96
25 - Female$14.17 $12.27
35 - Male$16.68 $13.66
35 - Female$15.81 $13.40
45 - Male$30.76 $20.79
45 - Female$24.80 $18.18
55 - Male$65.06 $42.80
55 - Female$47.17 $33.06
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Fidelity Life offers slightly less expensive monthly rates across the board for men and women purchasing $100,000, 20-year term life insurance. Fidelity Life insurance for seniors provides increasing savings as the customer ages. 

Term life insurance from American National or Fidelity Life is cheaper for women. This price difference is typical across many insurance companies.

The good news is that all customers 35 and under may purchase a policy for less than $17/month from either American National or Fidelity Life.

Now let’s see how American National vs. Fidelity Life insurance rates compare to average rates from across the life insurance industry.  

Average Monthly Life Insurance Rates by Age

AgeAverage Monthly Rates for a Male, $100,000 PolicyAverage Monthly Rates for a Female, $100,000 PolicyAverage Monthly Rates for a Male, $250,000 PolicyAverage Monthly Rates for a Female, $250,000 PolicyAverage Monthly Rates for a Male, $500,000 PolicyAverage Monthly Rates for a Female, $500,000 Policy
25$11.03$10.02$22.10$12.91$23.19$19.04
30$11.12$10.07$15.31$13.02$23.85$19.26
35$11.12$10.07$15.42$13.02$24.07$19.26
40$12.65$11.12$17.94$15.21$29.10$23.63
45$14.57$13.31$21.55$19.69$36.32$32.60
50$18.60$17.20$30.19$27.02$53.60$47.26
55$24.51$20.61$42.88$34.35$78.98$61.91
60$35.88$27.48$71.10$50.86$78.98$94.94
65$51.06$37.76$109.82$75.14$212.85$143.51
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The life insurance rates of American National and Fidelity Life trend higher than industry averages for a $100,000 policy. This is true for men and women of all ages. 

Price is important when deciding on a life insurance company, but it’s not the only factor. You should also consider an insurer’s ratings, discounts and riders, and customer service reputation, among other pros and cons. 

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American National vs. Fidelity Life: Which company has better ratings and coverages?

Fidelity Life delivers consistently lower rates than American National. So, how do the ratings of these companies compare? Here’s how the ratings for American National vs. Fidelity Life ratings breakdown among top rating agencies. 

Ratings Comparison for American National vs. Fidelity Life
Ratings AgencyAmerican National RatingFidelity Life Rating
A.M. BestAA
Better Business Bureau (BBB)N/AA+
Fitch RatingsAN/A
Standard & Poor's (S&P)AA+
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You’ll notice A.M. Best gives American National and Fidelity Life each an A rating for financial health. Fidelity Life gets a small edge with its A+ ratings from the Better Business Bureau (BBB) and Standard & Poor’s. 

American National hasn’t yet received an A+ from the rating agencies we track, but the company still earns very positive marks.  

Moving on to life insurance coverages, American National offers a wide range of policy types including:

  • Term life insurance
  • Whole life insurance
  • Universal life insurance
  • Guaranteed-issue life insurance
  • Indexed universal life insurance

Our comprehensive American National life insurance review offers more information about how customers benefit from the company’s policy types.

Fidelity Life offers fewer policy types. Their coverages provide customers with the following:

  • Term Life insurance
  • Permanent Life insurance
  • Final Expense insurance

If you’re looking for more details about Fidelity Life’s policy types, check out our Fidelity Life Association review

A major distinction emerges in this category between American National vs. Fidelity Life. The companies offer different life insurance policy types except for term life insurance. Your choice of life policy type may lead you to choose one company based on the products they offer.

Check out the table below to compare the various policy types offered by American National vs. Fidelity Life

Life Insurance Policy Types Comparison for American National vs. Fidelity Life
Life Insurance Policy TypeInsurance CompanyPolicy Description
Term Life insuranceAmerican National, Fidelity LifeCoverage for a fixed rate at a limited period of time such as 10 or 20 years.
Whole Life insuranceAmerican NationalCoverage for a fixed rate at a limited period of time such as 10 or 20 years.
Universal Life insuranceAmerican NationalCoverage for the length of the policyholder's lifetime with a cash value that pays interest or can be used for borrowing leverage.
Guaranteed-issue Life insuranceAmerican NationalA type of whole life insurance that doesn't require a medical exam for enrollment.
Permanent Life insuranceFidelity LifeA type of whole life insurance that doesn't require a medical exam for enrollment.
Permanent Life insuranceAmerican NationalA permanent life insurance that pays interest based on the movements of the stock market.
Final Expense insuranceFidelity LifeA permanent life insurance that pays interest based on the movements of the stock market.
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If you’re concerned about how a medical exam could affect your insurance eligibility or rates, American National’s Guaranteed-issue life insurance may be for you. There are also options for Fidelity Life insurance with no medical exam

American National vs. Fidelity Life: What riders and discounts are offered? 

Riders add robust protection and flexibility to a life insurance policy. With a rider, you can adjust your life insurance to receive certain benefits while you’re living. 

American National customers may benefit from the following riders:

  • Accelerated benefits rider
  • Accidental death benefit rider
  • Cash-out rider
  • Child life insurance rider
  • Coverage extension riders
  • Waiver of premium rider

Fidelity Life delivers fewer rider options, which some people may find limiting when shopping for life insurance. Customers of Fidelity Life can expect to find the following riders:

  • Accelerated death benefit rider
  • Accidental death benefit rider
  • Child protection rider 

Discounts are another excellent way to keep your insurance rates low. Be sure to contact your insurance company to inquire about available discounts. 

This is as easy as contacting the American National life insurance phone number for policy service at 800-899-6519. You can reach the Fidelity Life insurance phone number at 800-369-3990. Both calls are toll-free.

American National vs. Fidelity Life: Which insurance company is best for life insurance? 

American National and Fidelity Life both have a solid reputation with life insurance consumers. 

American National was founded in 1905 in Galveston, Texas. The company offers a variety of financial services and insurances including:

  • American National Life Insurance
  • American National Home Insurance
  • American National Car Insurance 
  • American National Health Insurance 
  • American National Pension Insurance
  • American National Credit Insurance

Fidelity Life was founded in 1896 and is headquartered in Illinois. Unlike American National, Fidelity Life exclusively focuses on life insurance products with policies for every age. This specialty means the company has a deep knowledge of the life insurance industry. 

American National and Fidelity Life have each been in business for over 115 years, proving these companies have a long track record of earning customer trust. 

American National is the larger company and offers insurance products beyond life insurance.

Customers often benefit from discounts by purchasing multiple insurance lines from the same company. In this case, the insurer may also combine insurances into one convenient bill.  

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American National vs. Fidelity Life: What are the pros and cons? 

What are people saying about American National vs. Fidelity Life insurance reviews?

An overall comparison reveals both companies are reputable life insurers. Fidelity Life offers lower monthly rates and scores slightly better with rating agencies. 

These two companies make it a breeze to manage policies online. Customers simply access the American National login or Fidelity Life insurance login to manage over the internet.  

What are some other American National vs. Fidelity Life pros and cons?

Pros

  • Large company with multiple insurances (American National)
  • Cost savings for seniors (Liberty Life)
  • Strong financial ratings (both companies)

Cons

  • Few life insurance rider options (Liberty Life)
  • No final expense coverage (American National)
  • Monthly rates above the industry average (both companies)

The decision to purchase American National vs. Fidelity Life likely comes down to finding the best rate for the life insurance policy you need. 

American National vs. Fidelity Life: The Bottom Line 

American National and Fidelity Life are quality insurance companies that combine attractive life insurance products and fair rates with financial stability. 

American National is the larger insurer and offers a variety of insurances such as health, home, and car. Fidelity Life specializes in life insurance, a touch some customers may prefer. Comparing quotes helps you find the best rates.

Other companies may be able to compete with American National vs. Fidelity Life for your life insurance needs. Enter your ZIP code now to compare free life insurance quotes in your area.

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