Term life insurance

Give your loved ones the financial protection they need from the brand you trust. See how affordable term life insurance can be.

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What is term life insurance and why is it important?

If you were to pass away unexpectedly, would your loved ones still be able to live the life you wanted for them? Term life insurance is a simple, flexible, and affordable way to ensure they could. The financial protection it provides your family can help them maintain their lifestyle, save for college and retirement, cover day-to-day expenses, or anything else they need.

Start by deciding if you need 10, 15, or 20 years of protection—generally long enough to cover the period of time where you’ll have the most expenses. Then, choose the amount of protection you need, whether it’s $250,000, $10 million, or anything in between.

That’s it! You can now go back to living your life knowing the people who depend on you will be OK.

Your expenses change throughout your life—
so will your coverage needs.

Graph showing life insurance, assets, and expenses. Term life insurance peak coverage years are from 25 to 50.
For illustrative purposes only

See how affordable term life insurance can be.

Chances are, you’ll be able to get all the protection your loved ones need—for a lot less than you think. Use our calculator to quickly determine how much term life insurance is right for you.

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Why choose Fidelity

Know we have your back no matter what
Fidelity Investments Life Insurance Company is an A+ rated life insurer2 that has supported families like yours since 1987.

Get a full view of your financial picture
You already trust Fidelity with your financial planning and retirement needs. Let us help you determine the right amount of protection for your loved ones.

Enjoy service at the speed of life
Life moves too fast to be waiting on hold with questions. Our robust FAQs and Learning Center are always open and constantly updated.

Frequently asked questions

To help you quickly find the answers you need, we’ve curated responses for the questions we hear most often.

  • Is term life insurance right for me?
    Term life insurance covers individuals for a specific amount of time, for a predetermined dollar amount. This coverage serves as a safety net for a period of years and can provide financial security to those you love if something happens to you. Term life insurance is available to those 18 years and older, US citizens, and permanent residents of the United States.
  • How long should I have term life insurance for?
    Your expenses and financial responsibilities change throughout your life and so will your coverage needs. Fidelity offers term life insurance in 10-, 15-, or 20-year increments. Our quote tool can help assess your coverage needs and estimate the cost.
  • Can I change my coverage amount in the future?
    Yes, if you want to decrease your coverage amount, contact Fidelity at any time during the life of the policy. If you want to increase the coverage amount, a new application is required.
  • What happens at the end of my term or coverage period?
    Term life insurance covers you for a set period or term. If you buy a 10-year term policy, for example, you pay a fixed amount for that period of time and at the end of the 10-year term, you can terminate or lapse your policy. If you choose to extend your policy, your premium would increase significantly.
  • How much term life insurance should I consider?
    The amount of coverage you get should reflect how much money you'd like your beneficiaries to receive in the event something happens to you. You can start with your family's day-to-day needs—the entire amount of money it takes to run your household each month or by estimating how much your beneficiaries may need to pay off debts—loans, a mortgage, credit cards, etc. If you have a spouse/partner, it's also important to have coverage for both people, no matter how much each person earns. You might need to cover costs such as additional caretaking of children or time off to settle the estate. Our quote tool can help assess your coverage needs and estimate the cost.