Sara Routhier, Managing Editor and Outreach Director, has professional experience as an educator, SEO specialist, and content marketer. She has over five years of experience in the insurance industry. As a researcher, data nerd, writer, and editor she strives to curate educational, enlightening articles that provide you with the must-know facts and best-kept secrets within the overwhelming world o...

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Leslie Kasperowicz holds a BA in Social Sciences from the University of Winnipeg. She spent several years as a Farmers Insurance CSR, gaining a solid understanding of insurance products including home, life, auto, and commercial and working directly with insurance customers to understand their needs. She has since used that knowledge in her more than ten years as a writer, largely in the insur...

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Reviewed by Leslie Kasperowicz
Farmers CSR for 4 Years

UPDATED: Jul 16, 2021

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The Brief

  • Canceling your Fidelity Life insurance policy can be done in five easy steps
  • Fidelity Life insurance policies have been designed with seniors in mind
  • Sagicor is a no-exam policy that can be issued within a few days
  • Fidelity Life offers eight different life insurance categories

Knowing how to cancel Fidelity Life insurance can save you time and energy when you’re looking to get a new insurance plan.

Making a purchase or buying a subscription can usually be completed pretty easily. The frustrating part of making a purchase or buying a subscription is all the rules and regulations when it comes to returning that purchase or canceling that subscription.

You need a receipt, or you have to be sure to cancel your subscription before the fifth of the month.

A lot of times, we do not remember where we have placed our receipts after we have walked out of the store and we are too busy to remember to cancel something on a random day of the month.

Fidelity Life insurance wants canceling your life insurance to go as smoothly as purchasing the policy. Fidelity Life Association insurance company has a financial rating that falls in the excellent category – showing they do work to meet the needs of their clients.

If you’re looking for a different policy after canceling Fidelity Life insurance, there are many options for you. Enter your ZIP code above to get a free quote today.

How to cancel my Fidelity Life insurance policy?

Canceling your Fidelity Life insurance policy can be done in five easy steps. The steps are specific and can be done at any time.

Step 1: Call Fidelity customer support at Fidelity Life’s insurance phone number: 1-800-369-399

Step 2: Ask to speak to a representative

Step 3: Provide the representative with your policy number and customer information

Step 4: Request cancellation of your monthly premiums

Step 5: You will receive a confirmation letter or email stating your policy has been canceled

Maybe talking on the telephone and speaking with representatives isn’t your cup of tea. Another way to cancel Fidelity life insurance is to email them at [email protected] and ask them to cancel your account.

Another way to cancel your policy is online. Access your Fidelity Life account by using your Fidelity Life login. Through your account, submit a written, dated, and signed request to the customer service team. 

The policy packet should also be returned with your cancellation request, or you must destroy the policy. 

If the policy is destroyed or returned at the time of the cancellation, then the policy holder’s beneficiary will have no confusion if the policy is found after the insured has passed away. 

If you reside in a community property state – AZ, CA, ID, NV, NM, TX, WA, WI – then your spouse’s signature is required when canceling the policy coverage. 

Do I get money back when I cancel my life insurance policy?

Only certain situations will allow getting a refund when you cancel your life insurance policy.

If you cancel your policy in the middle of a payment cycle, your insurer will refund you money for the time between your cancellation date and your next payment date. From there, no more money will be owed.

All money paid into a policy before canceling the policy is not eligible for a refund.

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When should I cancel my Fidelity Life insurance?

There are times when you should cancel your life insurance, but there are times when you can opt for an alternative.

You should cancel your policy when:

  • You are unable to afford the policy
  • You have found more affordable coverage elsewhere
  • You’re no longer needing a policy
  • You want to cash out the value amount

If none of the above applies to your life in its current circumstance, you should check into the following alternative options to canceling your Fidelity Life insurance policy.

  • Arrange for a cash value to pay for your premiums
  • Request a new medical exam
  • Lower your coverage amount

If the above three alternatives will better your circumstances, you should go with one of those before canceling.

On another note, your policy can be canceled at the hands of your insurer when one of two things are happening. If you are not paying your premiums or are victims of fraud, your policy will be canceled for you.

What are Fidelity Life Association’s financial ratings?

Is Fidelity Life a good insurance company? The Association was founded in 1896, and by 1915 their book of business reached $100 million. During the worst time in history, Fidelity Life grew its assets by 100 percent. 

Today, Fidelity Life has over 25-billion life insurance policies for people on the book and is licensed to sell all over the country, excluding Wyoming and New York. of an A- by A.M. Best, the leading provider of ratings. 

What products does Fidelity Life offer? 

They offer both, long-term care and universal life policies as well as Sagicor.

Sagicor is a no-exam life insurance policy and can be issued within a few days. It is a part of their RAPIDecision Life program. 

The table below shows the key highlights of Fidelity Life’s hybrid methodologies. 

Issue Highlights
RAPIDecision Express – 10, 15, 20, 30-year term periods
– Level death benefits and premiums
– Guaranteed annual renewable term rates
– Issue ages 18-65
– Face amounts $25,000 – $250,000
RAPIDecision Life – 10, 15, 20, 30-year terms available
– Blended coverage is a term policy with accidental death
– Issued in 24-48 hours through a non-medical underwriting process
– Six months to go through an exam to qualify for an improved blended policy benefit
– All causes of death benefit is renewable on a yearly basis up to age 95
– Issue age 18-65
– Face amount $50,000-$1,000,000
-Non-convertible
Fidelity Life’s “Hybrid Methodology”

Canceling Fidelity Life insurance

Canceling your Fidelity life insurance is a decision that is yours, but a decision that should be made with consideration. Knowing that there are other options rather than canceling, may give you peace of mind.

Before deciding to cancel your insurance, make sure you look into lowering your coverage amount, request a new medical exam if need be, or arrange for cash value to cover your premiums.

If you cannot afford your policy, you want the cash value amount, you no longer need your policy, or you have found a more affordable policy, then canceling would be a good decision to make.

If you are a victim of fraud or choose to stop paying your premiums, your policy will be canceled for you. Although it can be canceled for you, Fidelity Life prefers to go through the cancellation policy and you will want to obtain that confirmation number as well.

Are you interested in a new policy after canceling Fidelity Life insurance? Enter your ZIP code and get a free quote today.