UPDATED: Mar 26, 2020
Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We partner with top insurance providers. This doesn't influence our content. Our opinions are our own.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about life insurance. Our goal is to be an objective, third-party resource for everything life insurance related. We update our site regularly, and all content is reviewed by life insurance experts.
It’s not every day we see a new commercial for term life insurance on television. And it’s even more unlikely we’ll see one during prime time, on network television no less. But that’s exactly what happened yesterday during the AFC Championship Game between the Baltimore Ravens and New England Patriots on CBS.
Fidelity Life Association ran a new advertisement for term life insurance during the game (one of about 500 total commercials shown during the 3 hour telecast). The ad talks about how busy people are in their daily lives thinking about what’s important to them: their family, the mortgage, and kid’s college tuition. But not term life insurance.
Fidelity Life has been in business since 1896 and is rated A- (Excellent, 4th Highest of 15) by A.M. Best Rating Services. The company offers an array of life insurance products, with many based on a simplified issue platform, also known as non-medical. This means you do not need to complete a paramedical exam, as the company does not collect blood or urine samples from you. They also do not collect Attending Physician Statements (APS) from your doctor. This simplified issue approach is a big reason many people select Fidelity Life for there term life insurance. Take a look at the new commercial below.
So, what can Fidelity offer you? Let’s take a look.
No Medical Exam Term Life Insurance
Rapid Decision Express is simplified issue term life insurance, available in amounts from $25,000 to $250,000. Since it is a simplified issue, you just complete the application by telephone with a licensed agent. The requirements are:
- 7-Question Application – Answers must be â€˜Noâ€™ to be eligible.
- Medical Information Bureau Report (MIB) – Fidelity Life will check your MIB report to see if you have things such as recently declined applications with other life insurance companies.
- Motor Vehicle Report (MVR) – Fidelity will check your MVR for infractions such as DUI/DWI, multiple speeding violations, etc.
- Prescription Drug Database Report (Rx) – Fidelity Life will check your Rx report to verify answers you provide on the application.
This simplified underwriting is done rather quickly, and Fidelity Life usually provides a decision on applications within 24-48 hours.
Ready to get started?
Your quotes are always free.
Universal Life Insurance
Rapid Decision Universal Life is simplified issue universal life. The application process is very similar to Rapid Decision Term, with no paramed exam and a simple yes/no application. Of course, being universal life, the policy itself differs significantly from term life. It comes with features such as the potential for permanent coverage, cash value accumulation and policy loans. As a result, the cost is higher than term life.
Mortgage Term Life Insurance
Coverage is available in amounts from $25,000 up to $500,000, depending on your age. You can apply for coverage in an amount up to 125% of your mortgage amount.
Senior Term Life & Whole Life Insurance
Fidelity Life offers Rapid Decision Senior Life Term for people ages 50-70 and Senior Whole Life for people ages 50-85. Both are available in amounts from $10,000 to $150,000. Once again, a simplified underwriting process means no paramedical exam is required. Applicants must be able to answer ‘No’ to all application questions.
Accidental Death Life Insurance
Accidental Death Benefit pays a death benefit if you die as the result of an accident. This type of life insurance is a good alternative for people who cannot qualify for regular term life insurance due to past or current health conditions. Although it will not pay a benefit for natural causes of death, at least you will have coverage for accidents.
You can apply for a policy in amounts from $50,000 to $500,000. There is no paramedical exam required, nor are there any medical questions on the application. Most applications are approved within 24 hours so that you can secure coverage very quickly. This is also a good option for people who are traveling overseas and want additional accidental death coverage.
Because many of the life insurance products from Fidelity Life are a simplified issue, a licensed agent will be able to provide you with quotes and check your eligibility. Let us know if you see something that interests you or if you would like to know more about Fidelity Life!