Assurity vs. Fidelity Life: Best Life Insurance Company in 2021

When comparing Assurity vs. Fidelity Life insurance rates, you’ll find that Fidelity Life is cheaper and has more term life options. However, while Fidelity Life’s only permanent option is whole life insurance, Assurity offers whole and universal life coverage. Comparing Assurity vs. Fidelity Life will help you determine the best choice.

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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: Oct 12, 2021

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Quick Facts

  • Fidelity Life has lower rates than Assurity
  • Fidelity Life has more term life options than Assurity
  • Assurity has more permanent life options than Fidelity Life
  • Assurity and Fidelity Life have been rated the same by A.M. Best

Assurity and Fidelity Life provide term life and permanent life insurance to customers. Fidelity Life has lower rates and more term life options, but Assurity offers universal life coverage.

Comparing Assurity vs. Fidelity Life will allow you to find the best company to meet your needs.

Before starting this Assurity vs. Fidelity Life comparison, enter your ZIP code to find free life insurance quotes in your area.

Assurity vs. Fidelity Life: Which company has lower rates?

Comparing affordable Assurity vs. Fidelity Life insurance rates will help you find the cheapest option.

The following charts show the average monthly Assurity and Fidelity Life rates for a 10-year term at $250,000 based on age and gender:

Assurity vs. Fidelity Life: 10-Year Term $250,000 Policy Monthly Rates by Age for Males
AgeAssurity Average Monthly RatesFidelity Life Average Monthly Rates
30$13.92$10.53
40$18.05$11.31
50$35.24$19.84
60$81.13$42.72
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The following chart shows the same information for women:

Assurity vs. Fidelity Life: 10-Year Term $250,000 Policy Monthly Rates by Age for Females
AgeAssurity Average Monthly RatesFidelity Life Average Monthly Rates
30$9.79$9.57
40$15.23$10.88
50$28.06$17.49
60$59.16$30.80
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As you can see, the average Assurity life insurance quote is higher than Fidelity Life. Additionally, rates are lower for women than men but increase for both genders as customers age.

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Assurity vs. Fidelity Life: Which company has more policy options?

Assessing Assurity vs. Fidelity Life insurance company policies will help to determine the best fit for you. Comparing these two companies shows that Fidelity Life has more term life choices and Assurity has more permanent life options.

Assurity provides term life insurance in 10, 20, and 30-year terms, and coverage ranges from $25,000 to $10 million. The minimum value of $25,000 is half of the minimum coverage offered by many competitors.

No medical exam life insurance is available from Assurity. However, the simplified option is limited to a maximum coverage of $500,000 for 18 to 50-year-olds and $350,000 for 51 to 65-year-olds.

Assurity’s whole life policy features fixed rates. Accelerated underwriting is also available for this plan, covering customers from 18 to 85 years old. The maximum coverage for a no medical exam policy is $250,000.

The company has two unique whole life options. The single premium plan allows customers to pay the entirety of the policy in one payment, and parents or grandparents can purchase a children’s policy for young dependents.

In addition to the whole life plan, Assurity also offers universal life insurance and burial coverage. The universal life plan is available for customers up to 85 years of age, and final expense insurance is for customers 50 years and older.

Fidelity Life offers term life insurance ranging from 10 to 30-year terms. The company offers three different term life options, ranging from $50,000 to $2 million in value.

RAPIDecision Life is the most basic plan and has a maximum value of $1 million. RAPIDecision Express is a simplified option policy with a maximum value of only $100,000. However, no medical exam is required.

Fidelity Life’s senior plan is for customers from 50 to 70 years old. The policy is available in 10, 20, and 30-year terms and features a maximum value of $150,000.

The only permanent coverage from Fidelity Life is whole life insurance. Primarily for final expenses, coverage ranges from $10,000 to $150,000. Applicants aren’t required to complete a medical exam, and rates are guaranteed.

Assurity vs. Fidelity Life: Which company offers more riders?

Life insurance companies allow customers to add options to their policies. These options are called riders and allow policyholders to customize the policy to their needs.

The most common rider is the accelerated death benefit, allowing policyholders with critical, chronic, or terminal illnesses to access their benefit before death. Assurity and Fidelity Life provide this rider free of charge with their permanent life policies.

In addition to the accelerated death benefit rider, the companies offer options that you can add for an additional fee.

Optional riders offered by Assurity include:

  • Accident only disability income
  • Children’s term
  • Critical illness benefit
  • Disability waiver of premium
  • Endowment benefit
  • Monthly disability income

Optional riders offered by Fidelity Life include:

  • Child life insurance
  • Accidental death
  • Return of premium

Adding optional riders to your policy will increase your Assurity or Fidelity Life insurance quotes.

Assurity vs. Fidelity Life: Which company has better financial ratings?

Credit rating agencies review and grade the financial strength of life insurance companies. These financial ratings determine the likelihood that the company will provide a payout when you file a claim.

Assurity has been rated an A by A.M. Best. This rating is considered solid and indicates that the company is financially strong and able to provide a payout in most situations.

Fidelity Life has been rated an A by A.M. Best and S&P and a Baa1 by Moody’s. While not at the top of the scale, these ratings determine that Fidelity Life will usually provide a payout when customers file a claim.

While A.M. Best has issued the same grade to Assurity and Fidelity Life, Assurity hasn’t been rated by S&P or Moody’s due to the company’s small size.

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Assurity vs. Fidelity Life: Which company has more complaints?

The Better Business Bureau (BBB) and the National Association of Insurance Commissioners (NAIC) examine complaints made about insurance companies. The organizations have completed Assurity and Fidelity Life insurance reviews.

At the time of this comparison, the BBB has received three complaints about Assurity during the past three years. According to the NAIC, Assurity has a complaint index ratio of 0.19, indicating far fewer complaints than companies of a similar size.

The BBB has received 29 complaints about Fidelity Life over the past three years. The company’s NAIC complaint index ratio of 2.84 indicates more than double the complaints about similarly-sized competitors.

Assurity vs. Fidelity Life: Do they have websites?

Assurity and Fidelity Life have mobile-friendly websites that are accessible on any mobile device. The Assurity or Fidelity Life insurance login allows you to access policy information, make changes, and make payments.

Assurity vs. Fidelity Life: The Bottom Line

Customers looking to buy Assurity or Fidelity Life insurance will find that Fidelity Life has lower rates and more term life options. However, Assurity has more permanent life policies and fewer complaints.

At this point you should know all you need to know about Assurity vs. Fidelity Life. Enter your ZIP code to get free life insurance rates from top companies in your area.

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