How To Cancel Your Fidelity Life Insurance Policy [2024]

Do you want to learn how to cancel your life insurance policy”}” data-sheets-userformat=”{“2″:4224,”10″:2,”15″:”Arial”}”>how to cancel your life insurance policy with Fidelity Life? Canceling Fidelity Life insurance can be done in a few steps.

But how many steps do you need to take to cancel Fidelity Life insurance? Don’t worry — we’re here to help.

Read our guide to learn how to cancel Fidelity Life insurance policies. We’ll also explain why you should shop around for various types of term life insurance after canceling your policy.

Can you cancel Fidelity Life insurance by phone?

Fidelity Life does not specify whether you can cancel a life insurance policy by phone. You can, however, call to get the cancelation process started.

But you can call the Fidelity Life phone number at (800) 369-3990 and start the cancellation process. Fidelity Life customer service is open Monday through Friday from 8 a.m. to 5 p.m.

Can you cancel Fidelity Life insurance online?

The answer is no. Fidelity’s website does not mention how to cancel your life insurance policy online. However, you can email them at [email protected] or [email protected].

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How do you cancel Fidelity Life insurance?

The Fidelity Life Insurance Company deals with cancellations a little differently than other life insurance companies.

Here are the steps required to cancel Fidelity Life insurance policies.

• Step #1 – Contact Fidelity Life insurance by phone or email
• Step #2 – A Fidelity Life customer service representative will ask that you send a written letter requesting cancellation
• Step #3 – Send the letter to 8700 W Bryn Mawr Avenue, Chicago, IL 60631
• Step #4 – Wait for a return letter or email confirming your cancellation

Fidelity Life’s website insists that you write a signed letter to cancel your life insurance policy.

Fidelity Life requires you to return your life insurance packet or dispose of it.

Your spouse’s signature is also required if you live in Arizona, California, Indiana, Louisiana, Nevada, New Mexico, Texas, Washington, and Wisconsin.

Read more:

• How to Cancel a Whole Life Insurance Policy
• How To Cancel Your Banner Life Insurance Policy

Why should you cancel Fidelity Life insurance?

There are multiple reasons why you might want to consider canceling your Fidelity Life insurance. Here’s a list of reasons why you may wish to cancel.

• You’re not happy with Fidelity Life insurance customer service
• Other life insurance companies have cheaper options than Fidelity Life insurance quotes
• Fidelity Life doesn’t have the policies you need

Several factors determine whether affordable Fidelity Life insurance is available to you. If you can’t secure lower Fidelity Life insurance rates, try comparing multiple companies.

How does Fidelity Life insurance compare to other companies?

Fidelity Life is worth over $22 billion, but it’s challenging to find public Fidelity Life insurance quotes.

According to the National Association of Insurance Commissioners (NAIC), you should compare multiple options and explore the pros and cons of life insurance companies and their policies.

But we’ve found the lowest average term life insurance rates of the best life insurance companies in the United States. Let’s look at those rates now.

Life Insurance Monthly Rates & A.M. Best Ratings by Provider

You can get term life insurance for as low as $9 a month. However, your rates may vary for each company. Also, factors like age, gender, policy term, and policy type affect the cost of life insurance.

If you have a flexible budget, you should shop for permanent life insurance, too.

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Does Fidelity Life insurance have a free-look period?

Yes, it does. The free-look period lasts for 30 days at Fidelity Life. That means you can cancel your Fidelity Life insurance within 30 days without any cancellation penalties. You’ll also receive a refund.

If you’ve paid your life insurance policy in full for the year, you can receive a full refund.

When should you cancel Fidelity Life insurance?

You can cancel Fidelity Life insurance policies whenever you want. But it’s best to choose a date.

Although life insurance coverage gaps don’t increase rates at future companies, it’s a good idea to buy another life insurance policy before you cancel your current policy.

How to Cancel Fidelity Life Insurance: The Bottom Line

Fidelity Life is specific about cancellation instructions on its website. Several sources say that you can cancel over the phone or online.

You can set up your cancellation over the phone, but there’s no indication that you can cancel online.

If you want to keep life insurance but leave Fidelity Life, you’ll need to shop around. The good news is that you don’t have to rush.

Case Studies: How To Cancel Your Fidelity Life Insurance Policy

Case Study 1: Limited Cancellation Options

Mark decided to cancel his Fidelity Life insurance policy as he found a more suitable option elsewhere. However, he discovered that canceling the policy was not as straightforward as he expected.

Fidelity Life did not offer an online cancellation option, and he had to follow a specific process, including writing a signed letter and returning the life insurance packet. Mark had to carefully navigate through the steps outlined by Fidelity Life to ensure a successful cancellation.

Case Study 2: Uncertain Cancellation Methods

Emily wanted to cancel her Fidelity Life insurance policy due to changing financial circumstances. She contacted Fidelity Life’s customer service and found that they did not provide clear information on canceling policies over the phone.

Emily had to rely on email communication to initiate the cancellation process. She faced challenges in obtaining a response and had to persistently follow up to ensure her cancellation request was processed.

Case Study 3: Exploring Alternative Options

James had been a policyholder with Fidelity Life for several years but felt the need to explore other life insurance options. He decided to cancel his Fidelity Life insurance policy and look for coverage that better suited his changing needs.

James carefully considered the reasons for canceling and weighed the benefits and drawbacks of various life insurance companies and their policies. He compared quotes and evaluated the rates and coverage offered by different insurers to make an informed decision.

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Frequently Asked Questions: How to Cancel Fidelity Life Insurance

Do you want to know more about Fidelity Life insurance? Read these answers to frequently asked questions to learn more.

#1 – How do you cash out a term life insurance policy?

You can’t. Term life insurance doesn’t share the same cash value benefits as permanent life insurance. But a return-of-premium life insurance policy can provide money back.

#2 – What happens if I stop paying a term life insurance policy?

Your policy can be canceled for nonpayment. You should avoid nonpayment cancellation.

#3 – Can I get money back from my whole life insurance policy?

Yes, you can, if there is money in the cash value account. When you cancel your whole life insurance, you can use the money you get back to buy a term life insurance policy with your current company.

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