Fidelity Life
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Author: Kaitlyn Short
Fidelity Life is a reliable life insurer. It has high financial strength ratings, so policyholders can trust its ability to make payments on its claims obligations.
Fidelity Life offers two options for those interested in funeral, final expense, or burial insurance: RAPIDecision ® Senior Whole Life and RAPIDecision ® Final Expense.
Top Ranked Companies
The Good
- RAPIDecision ® Senior Whole Life
- RAPIDecision ® Final Expense
- High Financial Strength Ratings
- Application Process
RAPIDecision ® Senior Whole Life
Fidelity Life’s RAPIDecision ® Senior Whole Life plan is designed with seniors in mind. It is a great option for people who are looking for funeral insurance.
The RAPIDecision ® Senior Whole Life plan has level premiums and matures when the insured reaches the age of 121. The policy can have between $10,000 and $150,000 in coverage. The death benefit will be paid in full for a death of any cause only after the third year.
RAPIDecision ® Final Expense
RAPIDecision ® Final Expense insurance is another nice option for people looking for some kind of funeral insurance.
This policy is a permanent insurance policy and is available to applicants ages 50 to 85. Applicants can purchase a death benefit amount between $5,000 and $35,000. These coverage levels are lower than the RAPIDecision ® Senior Whole Life plans. However, full coverage is immediate as soon as the policy starts. Premiums and coverage levels also remain consistent throughout the term.
High Financial Strength Ratings
Fidelity Life has high financial strength ratings, which shows that it is a financially stable company. Policyholders can trust that Fidelity Life will meet its claims obligations.
Application Process
Fidelity Life’s RAPIDecision ® Senior Whole Life and RAPIDecision ® Final Expense insurance policies typically do not require a medical exam. Instead, the application and underwriting process involves a health questionnaire and using database sources.
While most applicants will not have to have a medical exam, some RAPIDecision ® Senior Whole Life applicants may have to have a medical exam.
The Bad
- Policy Limitations
- Availability Varies by State
- Not Available in Wyoming or New York
Policy Limitations
Fidelity Life’s RAPIDecision ® Senior Whole Life and RAPIDecision ® Final Expense are not intended for people with serious health issues or limited life expectancy.
Availability Varies by State
The availability of Fidelity Life’s policies varies by state. Interested individuals should reach out directly to Fidelity Life to learn more information about the policies available in their area and their cost.
Not Available in Wyoming or New York
Fidelity Life insurance is licensed to sell policies nationwide, except in Wyoming or New York. People in Wyoming and New York will need to research other companies.
The Bottom Line
While Fidelity Life is a great company and has high financial strength ratings, its policies are not available in Wyoming and New York. They are also not available to people with high risk. People in these situations will need to look for another insurance company.
For those in good health, Fidelity Life’s policies are a great choice. Potential clients can purchase higher amounts of coverage through RAPIDecision ® Senior Whole Life. They can also purchase lower amounts of coverage through RAPIDecision ® Final Expense. Whatever the amount of coverage you’re looking for, you can find a good option through Fidelity Life.
