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Fidelity Life Association Insurance Review 2017 [Best Policies and Features]

Fidelity Life Association Insurance Company Reviews

TermLife2Go represents dozens of insurance providers, including Fidelity Life Association Insurance Company. For more on this excellent life insurance provider please read our review.

2017 Review of Fidelity Life Association Insurance Company

Are you considering Fidelity Life Association Insurance Company as your life insurance provider? If so, then the following review of Fidelity Life should help you make your decision. We will discuss the pros and cons of purchasing life insurance from Fidelity Life.

About Fidelity Life

Fidelity Life Association Insurance Company is a stock subsidiary of a mutual holding company. The organization has been operating for more than a century; its longevity proves consistent delivery. Fidelity Life Association Insurance Company is licensed in 48 out of 50 states (all but Wyoming and New York) as well as the District of Columbia.

As of June 2016, one of the top rating agencies, A.M. Best, has given Fidelity Life a security rating of A-, or “excellent”. The rating is based on a combination of factors such as balance sheets, operations, business profile and the company’s ability to meet ongoing financial obligations to its policyholders.

Pros of Fidelity Life

Use of Technology

Fidelity Life Association Insurance Company is one of the few insurance providers that have leveraged the benefits of technology to speed up the underwriting process, creating truly innovative underwriting. Using Fidelity Life’s digital tool, approval for life insurance happens at a much more rapid pace. Customers seeking insurance will not be required to give any kind of exam or oral questionnaire.

Longevity and Reputation

Founded in 1896, Fidelity Life has been around for more than a hundred years, and it continues to prove itself as a top competitor dedicated to innovation and meeting customer’s needs. The company currently has over $26 billion of life insurance in force.

Policies Offered

Fidelity Life offers many different life insurance policies, each with flexible options to fit the policyholder’s individual needs. The policy that is right for you will depend on a combination of factors including: age, health, and desired coverage. Prices for each policy may vary.

Fidelity Life RAPIDecision Life Policies

As the name insinuates, this is a quick and easy coverage plan. Using the Rapid App application, you will get covered in no time. Fidelity Life offers five policies in the Rapid Decision family:

RAPIDecision Life

This policy offered through Fidelity Life is a hybrid policy that allows eligible clients to be covered in as little as 24 to 48 hours depending on your answers to the application’s health questions. The hybrid part of the policy is that the coverage is one part level term life insurance and one part accidental death insurance. You then have six months to take your life insurance medical exam in order to be covered 100%. In some cases the policy will be issued at 100% level term with no requirement for further medical underwriting.

RAPIDecision Express

This fast and easy no exam required policy provides a level death benefit to age 95.

  • Simplified Issue Level Term Life Insurance
  • Face amounts $25,000-$250,000 depending on age
  • 10, 15, 20 and 30 year terms available depending on age
  • Renewable term to age 95
  • Accelerated Death Benefit available beginning year 3

RAPIDecision Senior Life Term & Whole Life

Life insurance for seniors that fit the age requirements from 50-85. Both term life and whole life policies are available. Each policy provides partial coverage immediately with fill coverage in year 4.

  • Senior Life Term
    • Level Term for 10, 20 or 30 years based on age
    • $10,000 to $150,000 face amounts available based on age
  • Senior Whole Life
RAPIDecision Final Expense

Permanent whole life final expense insurance.

  • Ages 50 – 85
  • Face amounts $5,000 – $35,000
  • No paramedical exam required
  • Some health questions and database background check
  • Coverage begins immediately upon approval

RAPIDecision Guaranteed Issue

For individuals 50-85, this guaranteed issue life insurance policy covers all post-mortem expenses, no medical test or health questions required. The first three years are a reduced benefit plan, but the full whole life coverage of $20,000 is available after that.

RAPIDecision Accidental Death Benefit

This is a flexible plan with pricing dependent on how much coverage you desire. Designed to protect your family and investments in the event of an accidental death, this plan can be as affordable as $10 a month. Accidental deaths are traumatic and unexpected; this coverage plan provides your family with a cushion to fall on in such a devastating time. Accidental death insurance is not for everyone but it can be a valuable tool for those who cannot otherwise qualify for life insurance or need to supplement existing coverage.

Cons to Fidelity Life

One of Many

It’s really tough to come up with any real negatives when it comes to Fidelity Life Insurance Company, if we were forced to come up with a possible disadvantage it would simply be that Fidelity is just one company of many. Meaning that until we look at your specific situation and compare what Fidelity can offer you with what might be available elsewhere we simply won’t know if Fidelity Life Insurance Company is the best option for you.

The key to finding the best quotes on life insurance is to have options. That is where we come in.

About TermLife2Go

Term2LifeGo is an impartial agency representing dozens of the best life insurance companies out there, including Fidelity Life. We help customers choose the insurance company that is right for them. We do not favor any particular company, nor do we try to push policy seekers into a plan that is not suitable for their needs. Our customers and potential policyholders are our number one concern.

If you would like a free consultation or quotes on any of Fidelity Life’s insurance policies – or on any of the dozens of top rated insurance companies that we represent – please call us or enter your information into our quote engine for free Fidelity Life insurance quotes today!

Thank you for reading our article, Fidelity Life Association Insurance Company Reviews. Please leave any questions or comments below.

 

 

 

6 comments… add one
  • Looking for insurance for my father, he is 76 years old. In good health.

    • Tascha,

      Sounds good, just give us a call and we’ll see what he can qualify for.

      Thanks,

      TermLife2Go.

  • Gail

    Age 61. Type 2 diabetes no insulin on blood pressure medicine female non smoker retired

    • Gail,

      There’s a lot more information that we would need to collect before we would be able to provide an accurate quote, the first thing we would want to know is: “How much life insurance coverage were you looking for?”

      From there we would then need to ask additional questions to see which life insurance company might be best for you.

      So why don’t you just give us a call when you have a few minutes and we’ll do our best to help you out.

      Thanks,

      TermLife2Go.

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