Fidelity Life vs National Life Group
High financial strength ratings and industry experience are important indicators of trustworthy and financially stable life insurers. Both Fidelity Life and National Life Group have high financial strength ratings and long industry experience. National Life Group stands out for its universal life insurance options, while Fidelity Life stands out for its rider selection and offering of final expense insurance.
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Overview
Fidelity Life
A- (A.M. Best)
Yes
Yes
Undisclosed
Yes
125 Years
National Life Group
A (A.M. Best)
Yes
Yes
Yes
Undisclosed
173 Years
Ratings
Fidelity Life
National Life Group
Reviews
Fidelity Life
Reviews
National Life Group
Reviews for Fidelity Life
Helpful Favorable Review
Review Source
Stephanie Love Herriman, UT
I currently have fidelity for my life insurance. It was super easy to set up. I talked to someone for about 20-30 minutes and they got everything set up for me. No medica exam needed and they gave an awesome rate. They answered all my questions and set everything out to me in a hard copy for my records. I feel comfortable knowing that my loved ones will be taken care of if some unfortunate thing ever happens to me.
1 year ago
Helpful Critical Review
Deedee Cowansville, PA
My Dad signed on for 10 yr term life. His payment was 40.00 a month once the 10 year term was up and since he wasn't dead yet it went to 400.00 a month. Which he couldn't afford. So he was out his money and then died a year later with no coverage. Don't get term life it doesn't hold cash value and then they make payments unaffordable to continue coverage if needed.
1 year ago
Reviews for National Life Group
Helpful Favorable Review
happyclient Ensanche Ozama, 01
I was able to obtain a life insurance with benefits that I could in case I get sick (critical or chronic) or if I were to die at no additional cost. When I compared similar products with other companies, these benefits were additional and kept increasing the price of the policy. Overall very good value and have good experience with customer service.
3 months ago
Helpful Critical Review
Aya Orozco San Jose, CA
Terrible experience with National Life Group. They made it sound like they were official through my school district (not true). After I opened an account and started contributing, I never heard anything. No welcome letter, no emails, no info about accessing online account. I never heard from my account manager one time, even to confirm my account and to send me the copy of the paperwork. It took me months to get ahold of him. Really do not recommend national life group.
1 month ago
The Final Word
Fidelity Life offers term, whole, and final expense insurance. Its whole life insurance is designed for seniors. It also has a term life insurance policy designed for seniors. These offerings, including final expense insurance, make Fidelity Life a good insurer for seniors.
Fidelity Life also has a nice rider selection. Riders can add coverage or protect your life insurance policy. Some riders are not available with each type of policy. Fidelity Life's riders include accidental death benefit, accelerated death benefit for terminal illness, and an inflation rider. The inflation rider makes Fidelity Life stand out. This rider protects the value of your policy by adjusting for inflation.
In contrast to Fidelity Life, National Life Group offers a few more policy options and offers less information online about its riders. National Life Group offers whole, universal, indexed universal, variable universal, and term life insurance. Whatever kind of life insurance policy you're looking for, you'll be able to find a good fit from National Life Group.
While National Life Group's website is sparse when it comes to information on rider options, it does offer a living benefits rider. Living benefits allow you to receive part of your policy's death benefit under certain circumstances outlined in the policy. National Life Group's website lists examples of these circumstances: some terminal illnesses, chronic illnesses, critical illnesses, and critical injuries.
As you consider working with National Life Group, be aware that it is currently part of a class action lawsuit for alleged participation in a pyramid scheme with Premier Financial Group. Learn more about the case and watch for any red flags while working with National Life Group representatives.
Both National Life Group and Fidelity Life are financially stable insurers. Fidelity Life is especially great for seniors shopping for life insurance because it offers policies designed around their needs. It also has a good selection of policy riders. National Life Group is better for people interested in a universal life insurance policy. Whichever company you lean towards, read customer reviews to learn more about the client experience with these companies.
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