The RAPIDecision℠ Life
This term life insurance product is unique, and offers you with immediate coverage. The coverage is issued within 48 hours or sometimes even less than that. The life insurance policy comes with accidental death benefits, and you get full-term life benefit without an exam. Some applicants may be required to complete the underwriting process within 6 months of signing for the policy.
· The RAPIDecision℠ Express
This term life insurance product offers you with the same efficient and seamless processing for term life coverage. The main features of this product include:
- Level Death Benefit up to the age of 95
- Level Premiums in 10-year, 15-year, 20-year, and 30-year durations
- Additional Riders like the Accidental Death or Children’s Term
The only difference with this product is that it isn’t mixed with accidental life insurance and offers a straight term insurance payout.
· The RAPIDecision℠ Senior Life Term
This term life insurance product is for senior citizens, and is essentially a modified death benefit term policy. Some of the key features of the insurance policy includes the following:
- Available for applicants aged 50 to 70
- Death benefits as high as $150,00, and a minimum of $10,000
- Up to 30 years in coverage, depending on applicant age
- The coverage is reduced in half after initial term period is over
Any senior citizens that want easy and fast coverage can choose this term life insurance product from Fidelity Life. However, they should know that the policy doesn’t pay the full benefit until 3 years have passed after the policy was activated.
Ø Permanent Life Insurance Coverage Options
Fidelity Life offers an extensive range of permanent life insurance coverage options. There are guaranteed issued policies, and final expense policies, which offer low coverage amounts to applicants that are 50 years or older. The permanent life insurance coverage options include:
- RAPIDecision℠ Senior Whole Life
- RAPIDecision℠ Final Expense
- RAPIDecision℠ Guaranteed Issue
Each permanent life insurance product is different than the other products. If you buy a guaranteed issue product you can’t be denied coverage, and you don’t need to answer any medical questions for the final expense product.
· The RAPIDecision℠ Senior Whole Life
This permanent life insurance product is the simplest policy offered by Fidelity Life. Applicants that are heathy and want to buy a whole life insurance policy can easily opt for this product. The main features offered to applicants in this coverage are:
- Available for anyone between the ages 50-85
- Level death benefit and level premiums up to age 121
- $10,000 – $150,000 in coverage available
Applicants don’t need to get a medical to qualify for coverage, but some cases may require medicals. There isn’t any medical underwriting, and full benefit is only paid out when the policy has been active for more than 3 years.
· The RAPIDecision℠ Final Expense
This permanent life insurance product offers you with an immediate and full payout, and you get to take advantage of fast approval and greater convenience. The maximum coverage limit is $35,000, which is a generous amount for final expense.
· The RAPIDecision℠ Guaranteed Issue
This permanent life insurance product is ideal for people that want minimal coverage quickly. Anyone that has health concerns that has stopped them from acquiring coverage can choose this product. It doesn’t require any exams or health questions, and applicants can’t be turned down if they meet minimum requirements.
Ø Fidelity Life Accidental Policies
Fidelity Life has one of the best accidental death policies in the insurance market, which is known as the RAPIDecision℠ Accidental Death Benefit product. It offers you with a guaranteed payout to the beneficiaries if the policyholder dies in an accident. The death must be from an accident, because if the policyholder dies from natural causes the policy won’t pay out any benefits.
Here are the main features of the RAPIDecision℠ Accidental Death Benefit product:
- Applicant ages must be between 20 and 59
- More cost effective, per thousand than term
- Up to $250,000 in coverage
- Available riders for family, and even inflation
Fidelity Life insurance company offers an extensive range of insurance products, with some outstanding features, but there are certain areas that the insurance carrier lacks. The most glaring misses is that the insurance provider doesn’t offer any variable or universal life products.
Other Products Offered
Fidelity Life offers great insurance products, but at this moment in time, the insurance carrier isn’t offering any other products. Most insurance companies offer investment or financial products, but this is one area that the company lacks in right now.
Company Summary- Fidelity Life Insurance Reviews Part 4