Life insurance and long-term care solutions
Protect yourself, your loved ones, and your peace of mind.
Life insurance helps protect your loved ones and your financial goals.
Replace your income
Helps ensure your family can pay the bills, send the kids to college, or keep the business running
Leave a lasting legacy
Lets you transfer your wealth on your terms
Protect your plan
Can help pay for long-term care costs while protecting your retirement savings plan
Life insurance options through Fidelity come in various shapes and sizes. What's right for you?
Provides lifetime coverage and the ability to transfer wealth to your heirs
Hybrid life insurance with
long-term care
Helps you pay for long-term care expenses while protecting your retirement savings plan
Compare different types of life insurance
| Term life insurance | Whole life insurance | Universal life insurance | Hybrid life insurance | |
|---|---|---|---|---|
| What is it? | Insurance that covers you for a specific amount of time—typically 10, 15, or 20 years—for a predetermined dollar amount | A type of permanent life insurance that covers you for your entire life, with fixed premiums, a guaranteed cash value, and a guaranteed payout amount | A type of permanent life insurance that covers you for your entire life, with flexible premiums, a payout amount for beneficiaries, and may build a cash value over time | A long-term care benefit included with another type of insurance, usually whole or universal life insurance |
| Is it available through Fidelity? | Yes, with Fidelity term life insurance | No. Traditional whole life is currently not offered | Yes, we offer universal life insurance through MassMutual | Yes, we offer hybrid life insurance with long-term care (LTC) policies, one with whole life insurance and one with universal life insurance |
| Why is it important? | Can help replace the loss of your income so your loved ones can pay for housing, college, or other financial necessities | Can replace income or help with wealth transfer | Can replace income or help with wealth transfer | Can help pay for long-term care needs |
| What are the top features? | A lump sum, tax-free payout to beneficiaries used for income replacement | Can be used for tax-free wealth transfer or to pay for estate taxes | Can be used for tax-free wealth transfer or to pay for estate taxes | If you don't use the long-term care benefit, your beneficiaries will receive a death benefit |
| What is the payment schedule? | Premium payment amount stays the same for the coverage period you select; the available premium options are monthly, semi-annual, and annual | Premiums are usually fixed, and can often be paid in a single payment or in installments | Flexible premium payments (within certain limits) | Varies, but usually either in a single payment or in installments |
From our experts
What you should know about life insurance
See ways to help you protect your family's financial future.
How long-term care planning can help your loved ones
Making plans for your care later in life is a valuable gift you can give your family.
Long-term care: Options and considerations
Learn to navigate the costs, options to cover expenses, and insurance policy features.
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