Owing to their interesting mechanical behavior and their diversity, rubberlike materials are more and more used in the industry. Previous works (Poisson et al.) presented an important experimental investigation on the multiaxial fatigue of polychloroprene rubber, with both proportional and non-proportional combinations of tension and torsion loads (with a large range of loads and three different phase angles: 0°; 90°, 180°). A fatigue criterion, based on the dissipated energy density (DED) was introduced. Comparing this parameter to the most important criteria available on literature—which are the strain energy density (SED), the cracking energy density (CED), and the Eshelby tensor—in their accuracy allows one to predict fatigue life of rubberlike material. All the predictors are computed with an analytical viscoelastic model based on the kinematics of a combined tension and torsion loading applied on a cylinder. This cylinder represents the central part of the axisymetric dumbbell specimen, and the model was identified with a polychloroprene rubber. It is finally shown that the DED and CED reach more conclusive results, provided the structure, the material, and the loads investigated.