There are a lot of things you need to consider when you’re buying life insurance. One of those is the company. You want a quality company who has excellent customer service and great rates.
Fidelity Life Insurance has been around since 1896 and currently holds an “A-” (excellent) holding with AM Best. (AM Best is the industry benchmark for financial strength in the life insurance industry).
Fidelity was established in 1896. They’ve been around for a while. Not only are they veterans in the life insurance market, but they also have an A- grade from A.M. Best.
From this, they sound like an excellent company. We are going to show you some of their pros and a few of their cons to help you determine if they are the best company for you.
Pros of Fidelity Life
There are a lot of benefits of working with Fidelity life insurance. If you want no exam coverage, they should be your first stop.
They are one of the most popular options for no exam life insurance coverage. What makes them so special? They are much faster than other carriers. You can get the whole application done in less than 30 minutes and you’ll get a decision in less than 2 days.
With no exam life insurance, you’re going to pay more, regardless of the company. Compared to the other carriers out there, Fidelity Life has very competitive rates.
Fidelity Life Insurance company is truly a unique company in the industry. They have combined underwriting and technology to create an application process that can be completely done online. Decisions are usually made within 48 hours.
Never buy a policy until you’ve looked at several companies. Every applicant has different insurance preferances. Unless you want to do all the research yourself, you can look at our reviews on Zander Insurance, Primerica Life Insurance and United Home.
How is Fidelity Life Insurance able to underwrite an application in 48 hours? Simple, on top of your answers on the Fidelity application they pull information from 3 different bureau’s:
1. MIB (Medical Information Bureau) – Gives underwriting information found on other insurance applications you’ve submitted.
2. Pharmacy Check – They’ll know all the medications you’re currently taking or have taken in the past.
3. MVR – The check your motor vehicle record for DUI’s, wreckless driving tickets, etc. (if you don’t have a DL, Fidelity Life Insurance will not approve you)
Fidelity Life Insurance has a 10, 15, 20 and 30 year term policy they call “Rapid Decision Term”. They also have a competitive graded death benefit whole life policy and an accidental death benefit policy.
If you’re looking to purchase life insurance with no medical exam, Fidelity Life Insurance has some of the best rates on the market. You have hundreds of options of no medical exam life insurance or very limited health questions.
No exam life insurance is an excellent option for a lot of people, but they are a specialized type of coverage that doesn’t work well for everyone. There are several pros and cons that you should take note of before you purchase life insurance.
With a no exam policy, you can get approved for life insurance in a matter of days. With a traditional insurance policy on the other hand, you could wait up to a month to get life insurance coverage. If you want to get life insurance as quickly as possible, then a no exam plan is going to be a better option. Fidelity is one of the quickest. The application takes 20 minutes and you can get life insurance in two days.
We’ve talked about the good, now let’s discuss the bad. It’s all about cost.s No exam is expensive. Even with Fidelity’s competitive rates, you’re going to pay more.
Most no exam companies are only going to let you purchase around $250,000 worth of coverage. For the vast majority of families, that isn’t going to be nearly enough insurance. There are a few companies that offer more life insurance for no exam plans, as much as $500,000. Those plans are rare, and they are going to be much more expensive.
A Fidelity Life Insurance online application cannot be completed without the assistance of an agent. A Fidelity appointed agent has to ask you a series of health questions and then they will email you a link for your signatures. It’s as simple as that.
Shopping for Life Insurance
Fidelity is an excellent option for life insurance, but it’s not always the best life insurance option for everyone. If Fidelity doesn’t work for you, don’t worry, there are hundreds of other possible options.
Who wouldn’t want to have a personal shopper? You would never have to go to the grocery store again.
We can’t pick up your eggs and milk, but we can be your professional insurance shoppers.
We can help you calculate your needs, choose a plan, and pick a company. We are your one stop shop for all things insurance related.
Use the quote engine below for an INSTANT FIDELITY LIFE INSURANCE QUOTE.
Using the quote tool and it will bring you all the quotes you will need to get a cheap policy. It’s so easy, you have no excuse to wait any longer.