Fidelity Life vs Globe Life
Clients seeking affordable life insurance often compare Fidelity Life and Globe Life—two companies known for accessible coverage, fast approvals, and policies that require little or no medical underwriting. This comparison examines their strengths, weaknesses, and suitability for budget-focused shoppers.
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Company Overviews
Fidelity Life
Founded in 1896 and headquartered in Illinois, Fidelity Life specializes in making life insurance simple and accessible for everyday families. It offers a broad suite of term, whole, and final expense policies, with a focus on rapid decision-making and no-medical-exam options, particularly for seniors and those with health concerns.
Globe Life
Established in 1951, Globe Life is a national insurer focused on affordable, no-exam life insurance for adults and children. It is known for its direct-to-consumer approach, simple applications, and guaranteed acceptance policies, making it a popular choice for those seeking quick, hassle-free coverage.
Financial Strength & Ratings
| Company | AM Best | S&P | Fitch | BBB |
|---|---|---|---|---|
| Fidelity Life | A- | Not listed | Not listed | Not listed |
| Globe Life | A (Excellent) | AA- (Very Strong) | A+ (Strong) | A+ |
Both companies are financially stable, but Globe Life holds higher ratings from multiple agencies, reflecting a stronger balance sheet and long-term claims-paying ability.
Policy Types Offered
| Policy Type | Fidelity Life | Globe Life |
|---|---|---|
| Term Life | 10–30 year terms, up to $2M, no-exam options | 1–5 year renewable, $5k–$100k, no-exam |
| Whole Life | Up to $150k, no-exam, cash value | For adults and children, cash value |
| Final Expense | $5k–$35k, no-exam, immediate or graded | Small whole life, typically for burial |
| Guaranteed Issue | Up to $25k, no-exam, graded death benefit | Yes, for adults and children, no-exam |
| Accidental Death | Yes, as policy or rider | Standalone accidental policy |
Both companies offer a range of simplified issue and guaranteed acceptance products, but Fidelity Life provides higher coverage limits and more policy variety.
Coverage Options & Flexibility
Fidelity Life: Offers up to $2 million in term coverage, no-med-exam policies, and final expense coverage. Not available in some states like NY or WY.
Globe Life: Offers $5,000–$100,000 in term and whole life. Premiums increase at each renewal for term policies.
Underwriting & Application Process
Fidelity Life: Offers both simplified and fully underwritten policies. Some policies approved instantly; others may require short exams.
Globe Life: No medical exams required. Simple application by mail or online; approval is typically quick.
Pricing & Affordability
Fidelity Life: Term life starts around $21.25/month for $500K coverage. Instant-issue policies may cost more than traditional underwriting.
Globe Life: Advertises entry rates from $1, with term starting around $5.50/month. Rates rise at each renewal and adult coverage caps at $100K.
Alternatives to Consider
- Mutual of Omaha: Term and final expense strength
- AIG, Prudential: Broad coverage options
- State Farm, Pacific Life: Flexibility in term and whole life
- Final Expense Specialists: May offer higher coverage for seniors
Riders & Customization
| Rider Type | Fidelity Life | Globe Life |
|---|---|---|
| Accidental Death Benefit | Yes (term, whole, accidental) | Yes (standalone policy) |
| Terminal Illness | Yes (included on many policies) | Yes (accelerated benefit) |
| Child Rider | Yes (term policies) | Yes (children's term/whole) |
| Waiver of Premium | Yes | Yes |
| Return of Premium | Yes (accidental death) | No |
| Inflation Rider | Yes (accidental death) | No |
Best For…
Fidelity Life:
- Higher coverage limits
- No-exam, instant-decision coverage
- Flexible policy riders and options
Globe Life:
- Quick, basic no-exam coverage
- Affordable low-limit policies for adults and kids
- Simple direct-to-consumer model
Pros and Cons
| Company | Pros | Cons |
|---|---|---|
| Fidelity Life | Instant-decision, no-exam options, higher coverage, many riders, broad product suite | Not available in all states, term not convertible, higher complaint index |
| Globe Life | No-exam, fast approval, low premiums, simple application, children’s policies | Coverage capped at $100k, premiums rise, fewer customization options |
Customer Experience & Support
Fidelity Life: Offers support via phone, email, and live chat. Mixed reviews with above-average complaint index and 1.5/5 satisfaction score.
Globe Life: 24/7 account access, BBB-accredited A+ rating. Some concerns reported about cancellation and claims delays.
Final Verdict
Fidelity Life is better for those who want robust coverage, flexibility, and customization—especially for no-exam, high-value policies.
Globe Life is ideal for customers who need fast, low-limit, no-exam coverage—particularly for children or simple needs. Comparing quotes is key to determining the right choice for your goals.
FAQs: Comparison Between Fidelity Life and Globe Life
Globe Life also provides term and whole life insurance, including child whole life and final expense (burial) insurance, all available without a medical exam.
Globe Life: $5,000–$100,000 (term), $5,000–$50,000 (whole), child whole life up to $30,000.
Blake Insurance Group
Phone: (888) 387-3687
Email: [email protected]
Hours: Mon-Fri 9:00 am to 5:00 pm
Sat-Sun: Closed
Blake Nwosu
Owner & Principal Agent