Male
$31 /month
Female
$27 /month
Fidelity Investments Life Insurance might be a good fit if you want simple, affordable term life insurance.
Rating Breakdown
Financial strength rating
Exceptional
Online purchase
No
NAIC complaints
Far fewer than expected
Policies offered
Term
A good fit for people who want simple, affordable term life insurance.
If you want a permanent policy, see NerdWallet’s lists of the best whole life insurance and best universal life insurance.
About Fidelity Investments Life Insurance
Fidelity Investments Life Insurance is a subsidiary of the same parent company that runs the financial services firm Fidelity Investments. Currently, Fidelity Investments Life Insurance offers term life policies in all states except New York.
Fidelity Investments Life Insurance earned 4.8 stars out of 5 for overall performance. NerdWallet’s ratings are determined by our editorial team. The scoring formula takes into account consumer experience, complaint data from the National Association of Insurance Commissioners and financial strength ratings.
Note: Fidelity Investments Life Insurance is not affiliated with the insurer Fidelity Life.
» MORE: Best life insurance companies
Where Fidelity Investments Life Insurance stands out
Fidelity offers an online application process, with some applicants being approved for a policy within minutes.
Where Fidelity Investments Life Insurance falls short
The company only offers individual term life policies, and they can’t be customized with common life insurance riders such as accelerated death benefits.
Fidelity Investments Life Insurance policies
Term life insurance. Fidelity offers term life insurance policies lasting 10, 15, 20, 25 or 30 years in most states. The longer term life policies aren’t available in California, Florida or South Carolina. No policy riders are available.
» MORE: Compare life insurance quotes
Fidelity Investments Life Insurance sample rates
Below are monthly rates for a 20-year, $500,000 term life insurance policy from Fidelity Investments Life Insurance. These are sample rates for a nonsmoking man and woman in excellent health. The final quote you’re offered will depend on factors like your age, health, lifestyle, occupation and driving record.
Age | Monthly rate - man | Monthly rate - woman |
|---|---|---|
20 | $18.28 | $15.73 |
30 | $19.55 | $17.00 |
40 | $31.03 | $27.20 |
50 | $82.45 | $61.20 |
Source: Direct from insurer. Rates reflect the super preferred class and were generated on 10/31/25. | ||
Fidelity Investments Life Insurance customer complaints and satisfaction
A strong sign of consumer satisfaction is how many people complain about their insurance company to state agencies. Over three years, Fidelity Investments Life Insurance has drawn significantly fewer than the expected number of complaints to state regulators for a company of its size, according to a NerdWallet analysis of data from the National Association of Insurance Commissioners.
- What Reddit users say about Fidelity Investments Life Insurance
Reddit is an online forum where users share their thoughts in “threads” on various topics. The popular site includes plenty of discussion on financial subjects like life insurance, so we sifted through Reddit forums to get a pulse check on how users feel about insurers. People post anonymously, so we cannot confirm their individual experiences or circumstances.
It’s difficult to find reviews for Fidelity Investments Life Insurance on Reddit because most reviewers confuse the company with similarly named Fidelity Life. Reddit users who were considering Fidelity term life policies were shopping for rates for both 20-year and 30-year term life policies. Redditors advised considering other insurers who offer convertible term life insurance or a term life insurance policy with living benefits.
How Fidelity’s customer experience stacks up
Fidelity Investments Life Insurance provides limited options for contacting the company, and specific information about life insurance policies can be hard to find on the website. When we attempted to use the chat tool on the Fidelity Investments website to ask questions about life insurance, it directed us to contact the life insurance department by phone.
When we called, we were able to speak to a live agent within two minutes.
The website indicates you can manage your life insurance policy, including changing beneficiaries, by logging into your Fidelity account.
What it’s like to apply for a policy with Fidelity Investments
We found Fidelity Investments Life Insurance’s online application process as quick and easy as claimed. Just provide some basic information about your age, gender and the state you live in. Other personal information you’re asked about includes your height, weight, and whether you’d categorize your health as average or above average.
Once you select a term and coverage amount, you’ll get a quote within seconds and can tweak it to compare costs for different terms or coverage amounts.
If you want to purchase a life insurance policy, you can hit "apply now" and you’ll be directed to either set up an account at Fidelity NetBenefits or connect your quote with an existing account.
Screenshot captured by NerdWallet’s editorial team on Oct. 31, 2025.
How Fidelity Investments compares to other insurers
Fidelity Investments | Primerica | Lemonade | |
|---|---|---|---|
Star rating | 4.8NerdWallet rating | ||
Financial strength | Exceptional. | Exceptional. | Exceptional. |
NAIC complaints | Far fewer than expected. | Fewer than expected. | Fewer than expected. |
J.D. Power ranking | N/A. | #13 out of 22. | N/A. |
Policy types offered | Term. | Term. | Term, no-exam. |
Online experience | Can get a quote and change beneficiaries online. | Can change beneficiaries online. | Can get a quote, buy a policy and file a claim online. |
Website transparency | Above average. | Average. | Above average. |
Read full review |
More about Fidelity Investments
Fidelity Investments offers an array of financial services and products to both individuals and employers, including:
Wealth management.
How to contact Fidelity Investments Life Insurance
Fidelity Investments Life Insurance can be reached by:
Phone: Call 844-996-5433 Monday through Friday, 8:30 a.m. to 7 p.m. ET.
Email: Not available.
Live chat: Yes, but limited to Fidelity Investments financial queries.
How we rate the best life insurance companies
✅ 445 life insurers reviewed
📝 210 policies assessed
🔢 1,515 data points analyzed
📊 Star rating categories
When NerdWallet evaluates life insurance companies, our editorial team considers the insurer's strengths and weaknesses, as well as the things that matter most to customers buying a long-term financial product. We then weigh these factors carefully:
💰 Financial strength (35%). We use AM Best ratings to confirm an insurer’s financial stability and ability to pay claims far into the future. The top life insurance companies have an exceptional financial strength rating of A+ or A++ (Superior).
🗣️ Consumer complaints (35%). Our top-rated life insurance companies have fewer than the expected number of complaints to state regulators over a three-year period, according to the National Association of Insurance Commissioners — so you can expect a smoother customer experience.
☎️ Consumer experience (20%). Insurers who allow consumers to contact them by email, phone and live chat earn the highest scores. The same goes for insurers who support online quotes, beneficiary changes and claims.
👀 Transparency (10%). Our methodology gives higher scores to transparent insurers who clearly display information about their policy options, coverage amounts and term lengths (if applicable) on their site.
⭐ What our star ratings mean
Companies with 5 stars are exceptional, with strong financials, diverse policy lineups and great reputations for customer service.
Companies with 4.5 stars are excellent, with solid financials and policy offerings, and good customer service track records.
Companies with 4.0 stars are good, and potentially great for people looking for niche coverage options.
Companies with 3.5 stars or fewer could do better in certain categories, like financial strength and customer complaints.
NerdWallet does not receive compensation for our star ratings or our reviews. Read more about our life insurance ratings methodology and editorial guidelines.
