Fidelity Life Insurance Review 2021 • Get a Quote • Benzinga

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Fidelity Life has a long history and financial stability, offering products primarily aimed at seniors, including a guaranteed issue policy. Find out more in this Fidelity Life insurance review.

Fidelity Life offers term and whole life policies. It does not offer universal life. Depending on your condition and the plan you choose, your coverage may begin the same day you apply. These are Fidelity Life’s insurance products.

Term life insurance

Term life insurance has no cash value. It is in effect for the term of the policy and Fidelity Life offers terms of 10, 15, 20 and 30 years. Its futures products are called RAPIDecision Life and RAPIDecision Senior Life. With RAPIDecision Life, you may need a medical exam, but you have up to 6 months after your request to complete the exam. This policy is available to people between the ages of 18 and 70 and up to $ 1 million in death benefits.

RAPIDecision Senior Life is available to people aged 50 to 70 with a death benefit of up to $ 150,000. Fidelity Life says applicants generally do not need a medical exam and the policy only provides partial coverage for the first 3 years. It offers full coverage from the fourth year. Once the policy expires, you can renew it for up to age 95, but you’ll likely pay much higher premiums.

Whole life insurance

Whole life insurance has the same premium as long as you keep the policy. It also accumulates a cash value, against which you can borrow. You also receive the cash value if you surrender or terminate the policy.

Fidelity Life offers 3 types of whole life insurance policies. RAPIDecision Senior Whole Life is available to people aged 50 to 85. Coverage options range from $ 10,000 to $ 150,000, depending on your age. There is no medical examination, but you only have partial coverage for the first 2 years of your policy. Full coverage begins in year 3.

RAPIDecision Final Expense is designed to cover end-of-life expenses such as funeral expenses. This policy is also available for people aged 50 to 85 with coverage amounts ranging from $ 5,000 to $ 35,000. No medical exam is required, but you must answer a few health questions.

RAPIDecision Guaranteed Issue is also designed to cover end of life expenses. It is available to applicants aged 50 to 85 and coverage of up to $ 25,000 is available. You don’t have to answer any health questions or pass a medical exam to qualify. The death benefit is reduced during the first 3 years of insurance and the full benefit is available from the fourth year.

Accidental death policy

An accidental death policy only pays benefits if a death is accidental. This is a guaranteed problem, which means you don’t need to answer any health questions to benefit from it. This can be a good solution if you want additional life insurance coverage or if you are not eligible for other life insurance products. It is available to people aged 20 to 59 and coverage ranges from $ 50,000 to $ 300,000.

Like most life insurance companies, Fidelity Life does not publicize its prices. However, you can get a quote online and if you need more information you can call and speak to an insurance agent.

Fidelity Life customer service hours are limited. You can reach a representative from 8 a.m. to 5 p.m. CT Monday through Friday. This means that if you are not available during office hours, it will be difficult to reach a representative. You can also send an email to [email protected]

Fidelity Life has claim forms on their website, but they’re hard to find. It also has educational blog posts on how life insurance claims and payments work, but they’re also hard to find.

Life insurance riders add coverage to your policy. You pay an additional premium for the runners. Fidelity Life offers several endorsements:

  • Accidental death benefit – This rider provides for an additional death benefit in the event of accidental death.
  • Family benefit in the event of accidental death – This extends an accidental death benefit to cover a spouse and dependent children.
  • Accelerated profit – This endorsement allows you to withdraw a percentage of your death benefit if you are diagnosed with a terminal illness.
  • Inflation – This rider is available with accidental death insurance policies and helps your benefits keep up with inflation.
  • Reimbursement of the premium – This endorsement is also available with accidental death insurance policies. If your policy expires or you choose to cancel it, you will get back some of the premiums you paid for the policy.

Fidelity Life policies are primarily intended for the elderly. Although it offers policies with no medical examination required, these policies have limited benefits for the early years of the policy. If you are looking for life insurance, are 50 years of age or older, and your health is not perfect, it is worth checking out Fidelity Life, but be sure to check out other companies that offer simplified and guaranteed issue life insurance policies.

Fidelity Life Insurance vs. Competitors

Fidelity Life has several policies that do not provide the full benefit immediately. The guaranteed issue life insurance policy has a waiting period of 3 years. Some Fidelity Life competitors offer shorter waiting periods. Fidelity Life also offers a limited range of policies and relatively few options for those under 50. Other insurance companies offer products for all ages and include options like universal life.

Frequently Asked Questions

Why should I choose Fidelity Life?

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Why should I choose Fidelity Life?

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Melinda Sineriz

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If you’d rather buy a policy over the phone or online and don’t want a medical exam, Fidelity Life may be right for you.

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Benzinga

Can I apply for a Fidelity Life policy, get a quote, or buy online?

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Can I apply for a Fidelity Life policy, get a quote, or buy online?

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Melinda Sineriz

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You can purchase a Fidelity Life policy online and receive quotes.

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Benzinga

When you need life insurance, look no further than Sproutt. The company can offer you lower rates depending on your lifestyle, preferences and needs. Sproutt doesn’t forget real people along the way. Instead, it allows for a seamless and seamless way to match you with the insurance coverage that matches your needs.


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