If you need life insurance that is accessible, affordable, and offers financial security, Fidelity Life is a suitable option for you. This type of life insurance has been dedicated to helping every family since 1896, ensuring significant financial security for all Americans. In addition, it provides a broad variety of coverage at a low monthly rate to meet your needs.
Moreover, it provides both term and permanent life insurance coverage with various alternatives for an easy online process and no medical exam. It provides a coverage amount of $5000 and a maximum amount of up to $2 million, based on the kind of coverage.
Additionally, Fidelity life insurance also provides coverage that can be secured to individuals up to age 85. Furthermore, this coverage is accessible in Washington, D.C., and other states but excludes New York and Wyoming.
What is Fidelity Life Insurance?
Fidelity Life Insurance has a long and distinguished history in the insurance sector, dating back to 1896. The organization, formerly known as Fidelity Life Association, was founded to give people and families dependable life insurance coverage and financial security. Additionally, it has built a strong reputation over the years for its steadfast dedication, providing coverage alternatives, transparency, and excellent customer service.
To give policyholders the financial stability and peace of mind they require, the company knows how important it is to keep its word. Furthermore, it values delivering first-rate customer service and focuses on creating enduring connections with its clients. Lastly, it offers attention and help throughout the insurance process, aiming to answer each policyholder’s needs and concerns.
Types of Life Insurance Provided
A life insurance policy is an agreement between an insurance company and you, the policyholder. If you pass away while your policy is in effect, the carrier will pay your chosen beneficiaries a certain amount of money called a death benefit. Typically, term and permanent life insurance policies are among the alternatives for life insurance coverage that Fidelity Life provides.
Term Insurance
Fidelity Life Insurance provides two-term plans that aren’t transferable to its permanent life insurance coverage. This plan includes RAPIDecision Life and RAPIDecision Senior Life. The RAPIDecision Life insurance is available for applicants between the ages of 18 and 65 and offers $50,000 to $2 million within 10, 15, 20, and 30 years.
Meanwhile, the RAPIDecision Senior Life is for applicants between the ages of 50 and 70, with 10, 20, and 30-year terms. This plan gives a coverage amount of $10,000 to $150,000.
Permanent Insurance
Whole or permanent life insurance provides a death benefit that will not lapse as long as you pay your payments. Fidelity Life provides permanent life insurance policies like RAPIDecision Senior Whole Life Insurance, RAPIDecision Final Expense Insurance, and RAPIDecision Guaranteed Life Insurance.
The RAPIDecision Final Expense is for applicants between the ages of 50 and 85, and coverage amounts range from $5,000 to $35,000. Additionally, RAPIDecision Guaranteed Life provides coverage to individuals from 50 to 85 years old with a maximum death benefit payout of $25,000. There are no health inquiries, exams, or underwriting requirements.
Furthermore, RAPIDecision Senior Whole Life Insurance is for applicants between the ages of 50 and 85 with a coverage amount of $10,000 to $150,000.
Accidental Death Benefit
This benefit only pays out its face value if you pass away from a covered accident like a road accident, a firearm accident, or a homicide. However, natural causes of death are not included. The policy provides $50,000 to $300,000 in coverage for those aged 20 to 59. Within the eligible age range, acceptance is guaranteed without the need for a medical exam.
How Much Does Fidelity Life Insurance Cost?
The cost of a Fidelity Life policy varies according to its kind and coverage quantity. Term life insurance policies are often less expensive than whole life insurance, and the cost increases with the quantity of coverage. Moreover, the length of the term might affect the cost of term life insurance.
Additionally, your premium will cost more the longer your term, which implies that the shorter the duration, the lower the cost. Where you live may also have an impact on the cost of coverage.
Insurance companies usually consider your age, gender, medical history, family medical history, smoking habits, lifestyle, and interests throughout the underwriting process. Furthermore, costs might rise as a result of risky habits like smoking and pastimes like skydiving and motorcycle riding.
Fidelity Life Insurance Riders
Fidelity Life provides several riders, and optional add-ons to enhance your life insurance coverage. These include various death benefit riders and other coverage, and they can assist you in further safeguarding your loved ones’ finances:
- Benefit for accidental death
- Benefit for accidental death of family members
- policy for child insurance
- reimbursement for the surcharge
- Benefit for riders with terminal illnesses and accelerated death
- Rider with Inflation
Keep in mind that certain policies automatically incorporate some of these riders.
