Term life insurance to support their tomorrow, like you do today

Q: What is the difference between term life and whole life insurance?

Term life covers you for an amount of time you select—such as 10, 15, 20, 25, or 30 years 8 —for a benefit amount you select. Term is typically the most affordable and simple type of life insurance coverage. Whole life is a permanent life insurance that covers your entire lifetime, often with fixed premiums and a cash value.

Q: Is term life insurance right for me?

Term life insurance covers you for a specific number of years and a fixed amount of money. It can act as a safety net and give financial help to your loved ones if you pass away unexpectedly. Term life insurance is available for those who are 18 years old and older, US citizens, and permanent residents of the United States.

Q: What happens at the end of my term or coverage period?

Term life insurance covers you for a specific number of years or term. For example, if you buy a 10-year term policy, you’ll pay a fixed amount for those 10 years. At the end of the term, you can end your policy. If you choose to extend your policy, your premium would increase significantly.

Q: Why do I need a medical exam when applying for a Fidelity Term Life Insurance policy? Who does it?

Usually, you'll need a medical exam so we can understand your health and give you a personalized rate. A paramedic will do the 30-minute exam. It's safe, secure, and free. You can choose a convenient time and place. They'll check your blood pressure, weight, and height. They'll also take blood and urine samples.

Q: Can I still get a Fidelity Term Life Insurance policy if I have a history of medical conditions?

You might still qualify for a term life policy even if you have medical conditions. Medical history is just one factor in deciding if you can get coverage and how much it will cost. We'll figure out your eligibility through the application and underwriting process.

Q: Can I insure my spouse, child, parent, or sibling?

At this time, you can only apply for and buy a term life insurance policy for yourself. The best option to help get a loved one protected is to share this webpage and suggest they apply for their own policy.

Fidelity term life insurance can help give your loved ones a financial safety net if the unexpected happens and you’re no longer there.

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Affordable pricing

We can help you protect your loved ones with monthly rates that work for your budget.

Guiding clarity

Our easy-to-use tools can help you find the right amount of coverage for your needs.

Connected planning

We can help you strengthen your future goals by adding protection to your financial plan.

Understanding term life insurance basics

Term life insurance is typically the most simple type of life insurance. You choose the amount and how long you want your coverage to last. Then you’ll pay a set rate throughout that time.

Is life insurance through work enough?

Workplace life insurance often isn’t enough, and it doesn’t follow you when you change jobs.

About 26% of people rely only on what their employer offers, and 40% say they don’t have as much life insurance as they need.⁴

Our coverage calculator factors in the coverage you already have to help you make sure you're not under- or over‑insured.

Calculate coverage

Understanding term life insurance basics

Term life insurance is typically the most simple type of life insurance. You choose the amount and how long you want your coverage to last. Then you’ll pay a set rate throughout that time.

Is life insurance through work enough?

Calculate coverage

Term life insurance can be affordable, flexible, and dependable

As low as $21.25

per month for a 20-year, $500,000 policy⁵

10-to 30-year

term lengths⁶ and flexible coverage options from $250,000 to $10 million

100% payout

so your loved ones will receive the full value of the policy, free from income tax⁷

Here’s how to apply for term life insurance

Start with a quick quote

Easily get your estimated monthly rate with our quote tool.

Complete an online application

You’ll answer a series of questions about your health, medical history, and activities. While some people can get approved right away, in most cases, you’ll need a medical exam after you submit your application.

Tip: Make sure to have details of your medical history handy.

Review your offer

If you're approved, we'll email you a policy offer with your final rate. If you're satisfied, simply accept and pay—and you're covered.

Get a quote

Term life can help your loved ones prepare for the unexpected

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Life insurance: Protecting your loved ones

You know life insurance is important. And maybe you have some coverage through your employer. But how much do you really need? How does it work? And what's the difference between term and whole life insurance? Join us on Money Unscripted from Fidelity Investments as host Ally Donnelly and Regional Planning Consultant Amy Sutton explore ways to help you protect your loved ones.

Explore more Money Unscripted episodes

Find out how much term life coverage is right for you

The amount you choose can help your loved ones cover essential expenses, maintain their lifestyle, and still plan for future goals.

Calculate coverage

Learn more about life insurance

We gathered some resources to help answer your questions.

What is term life insurance?

This policy type covers you for a certain period.

Article

7 min

5 term life insurance myths that can cost you

Learn the basics about term life plus what's fact vs. fiction.

Article

5 min

Protect what matters most, today

Because term life gets more expensive as you grow older, starting now could save you money over time. It's a simple way to help protect the people who depend on you.

Get a quoteClicking this link will open a new browser window

Prepare for a child’s financial future

Investing for a child can help fund their education, support major milestones, and build toward their long-term financial goals.

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Frequently asked questions

What is the difference between term life and whole life insurance?

Is term life insurance right for me?

What happens at the end of my term or coverage period?

Why do I need a medical exam when applying for a Fidelity Term Life Insurance policy? Who does it?

Can I still get a Fidelity Term Life Insurance policy if I have a history of medical conditions?

Can I insure my spouse, child, parent, or sibling?

View all FAQs

1. Policies issued before October 10, 2022 are not available for viewing online.

2. Life insurance barometer study, LIMRA, 2025.

3. 25- and 30-year term durations are not available in California, Florida, and South Carolina.

4. Life insurance barometer study, LIMRA, 2025.

5. Estimate based on 35-year-old male, nonsmoker, super preferred.

6. 25- and 30-year term durations are not available in California, Florida, and South Carolina.

7. Proceeds from a life insurance policy may be subject to estate tax.

8. 25- and 30-year term durations are not available in California, Florida, and South Carolina.

This product is not for sale in New York.

Fidelity Term Life (Policy Form Nos. ICC23 FTL POLICY and FTL-99200, et al.) is issued by Fidelity Investments Life Insurance Company, 900 Salem Street, Smithfield, RI 02917. Fidelity Insurance Agency, Inc. is the distributor. A contract's financial guarantees are solely the responsibility of and are subject to the claims-paying ability of the issuing insurance company.

Fidelity Brokerage Services LLC, Member NYSE, SIPC, 900 Salem Street, Smithfield, RI 02917

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