Fidelity Life has retained its A- (Excellent) rating for financial strength from global credit rating agency AM Best.
This marks the 28th year in a row that Fidelity Life has achieved this rating, with its inception dating back to 1996. The firm's financial outlook has been classified as stable.
The endorsement by AM Best reflects Fidelity Life's solid financial foundation, consistent operational performance, balanced business model, and effective risk management policies.
Simon Pennington (pictured), chief financial officer at Fidelity Life, highlighted the importance of this rating for both customers and their advisors.
“Life insurance is all about being there for our customers should the unexpected happen. This rating provides our customers, and their advisers, with an expert, independent view of our financial strength and ability to pay their claims,” he said.
Fidelity Life recently teamed up with financial education provider Kaplan Professional to launch its Career connect program for 2024. The program aims to equip financial advisers with necessary skills and qualifications.
