Fidelity Life Insurance is a company that offers various insurance products, including term life insurance, whole life insurance, and accidental death insurance. In this review, we will take a closer look at the company and what they have to offer.
About Fidelity Life Insurance
Fidelity Life Insurance was founded in 1896 and is headquartered in Chicago, Illinois. The company is rated “A-” (Excellent) by A.M. Best, a leading credit rating agency.
Fidelity Life Insurance offers a variety of insurance products that are designed to meet the needs of individuals and families. Some of the products that they offer include:
- Term life insurance
- Whole life insurance
- Accidental death insurance
Term Life Insurance
Term life insurance is a type of life insurance that provides coverage for a specific period of time. Fidelity Life Insurance offers term life insurance policies with coverage periods ranging from 10 to 30 years.
One of the unique features of Fidelity Life Insurance’s term life insurance policies is their RAPIDecision® Express program. This program allows customers to apply for coverage online and receive a decision within minutes.
Fidelity Life Insurance’s term life insurance policies also come with a variety of additional features, such as:
- Accelerated death benefits
- Waiver of premium
- Conversion options
Accelerated Death Benefits
Accelerated death benefits allow policyholders to receive a portion of their death benefit if they are diagnosed with a terminal illness.
Waiver of Premium
Waiver of premium is a feature that allows policyholders to stop paying their premiums if they become disabled and are unable to work.
Conversion Options
Conversion options allow policyholders to convert their term life insurance policy to a permanent life insurance policy without having to undergo additional medical exams.
Whole Life Insurance
Whole life insurance is a type of life insurance that provides coverage for the entire lifetime of the insured. Fidelity Life Insurance offers whole life insurance policies with a variety of coverage options and benefit amounts.
Some of the features of Fidelity Life Insurance’s whole life insurance policies include:
- Guaranteed level premiums
- Cash value accumulation
- Death benefit protection
Guaranteed Level Premiums
Guaranteed level premiums mean that the premium that a policyholder pays will remain the same for the life of the policy.
Cash Value Accumulation
Cash value accumulation allows policyholders to build up a cash value over time that they can use for things like paying premiums or taking out a loan.
Death Benefit Protection
Death benefit protection provides a guaranteed death benefit to the policyholder’s beneficiaries upon their passing.
Accidental Death Insurance
Accidental death insurance is a type of insurance that provides coverage for accidental death or dismemberment. Fidelity Life Insurance offers accidental death insurance policies with coverage amounts ranging from $50,000 to $500,000.
Some of the features of Fidelity Life Insurance’s accidental death insurance policies include:
- No medical exams required
- 24/7 worldwide coverage
- Double indemnity for accidental death
No Medical Exams Required
Unlike other types of insurance, accidental death insurance from Fidelity Life Insurance does not require a medical exam to qualify for coverage.
24/7 Worldwide Coverage
Fidelity Life Insurance’s accidental death insurance policies provide coverage 24/7, no matter where the policyholder is in the world.
Double Indemnity for Accidental Death
If the policyholder dies as the result of an accident, the death benefit paid out by the policy will be double the original benefit amount.
Frequently Asked Questions (FAQ)
Question |
Answer |
What types of life insurance does Fidelity Life Insurance offer? |
Fidelity Life Insurance offers term life insurance, whole life insurance, and accidental death insurance. |
How long do Fidelity Life Insurance’s term life insurance policies last? |
Fidelity Life Insurance’s term life insurance policies can provide coverage for periods ranging from 10 to 30 years. |
What is the RAPIDecision® Express program? |
The RAPIDecision® Express program allows customers to apply for term life insurance coverage online and receive a decision within minutes. |
What is the cash value accumulation feature of Fidelity Life Insurance’s whole life insurance policies? |
The cash value accumulation feature allows policyholders to build up a cash value over time that they can use for things like paying premiums or taking out a loan. |
Does accidental death insurance from Fidelity Life Insurance require a medical exam? |
No, accidental death insurance from Fidelity Life Insurance does not require a medical exam to qualify for coverage. |
Conclusion
Fidelity Life Insurance offers a variety of insurance products that are designed to meet the needs of individuals and families. From term life insurance to whole life insurance to accidental death insurance, Fidelity Life Insurance has something for everyone. Their RAPIDecision® Express program makes it easy for customers to apply for coverage, and their additional features like accelerated death benefits and conversion options provide added peace of mind. Overall, Fidelity Life Insurance is a solid choice for those looking for life insurance coverage.
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