Fidelity Life Insurance: Physical Exam Requirements And Details

Fidelity Life Insurance offers a range of term and whole life policies, with most targeted at people aged 50 and older. While the company does require a medical exam in most instances to better understand your health and provide a personalised rate, there are some policies that do not require a medical exam for approval. These include the RAPIDecision Final Expense and RAPIDecision Guaranteed Issue policies, which are ideal for those who do not wish to take a medical exam but are comfortable answering health questions.

Medical exam required for most policies

Fidelity requires a medical exam for most of its life insurance policies. This is to better understand your health and provide you with a personalised rate. The exam is conducted by a paramedic professional and is safe and secure. It takes 30 minutes and can be done at a location and time convenient for you at no cost. During the exam, you can expect your blood pressure, weight, and height to be checked, and blood and urine samples will also be collected.

If you have a history of medical issues, you may still be eligible for a term life policy. Medical history is just one factor in determining eligibility for coverage and premium amounts. Your eligibility will be determined through the application and underwriting process.

Fidelity's RAPIDecision Senior Life insurance policy, aimed at adults between the ages of 50 and 70, does not require a medical exam. Instead, Fidelity will assess the applicant's answers to common medical questions and use existing information found in public databases to approve plans and determine premiums.

Fidelity's RAPIDecision Final Expense and RAPIDecision Guaranteed Issue policies also do not require a medical exam. The Final Expense policy requires applicants to answer health questions, while the Guaranteed Issue policy does not require any health-related questions or a public database health search.

Fidelity Life Insurance offers term and whole life policies

Fidelity Life Insurance offers a variety of term and whole life policies. Term life insurance covers individuals for a specific amount of time, for a predetermined dollar amount. This coverage serves as a safety net for a period of years and can provide financial security to those you love if something happens to you. Whole life insurance is a type of permanent life insurance, which means it generally provides coverage for your entire life. Often, its premiums are fixed and can include a guaranteed cash value and a payout amount.

Fidelity's term life insurance covers you for an amount of time (term) that you choose, such as 10, 15, 20, 25, or 30 years. You pay a set dollar amount (the premium) monthly, semiannually, or annually throughout the duration of the policy term. In the event that you pass away during the term, the policy pays your beneficiaries the face value or amount of your policy (coverage amount). Term life insurance is available to those 18 years and older, US citizens, and permanent residents of the United States.

Fidelity's whole life insurance is a permanent life insurance policy, which means it provides coverage for your entire life. Whole life insurance often has fixed premiums and can include a guaranteed cash value and a payout amount. Whole life insurance policies are available to those between the ages of 50 and 85.

Fidelity Life Insurance offers two term life insurance policies: RAPIDecision Life and RAPIDecision Senior Life. RAPIDecision Life insurance is for adults aged 18 to 65, with coverage amounts ranging from $50,000 to $2 million. RAPIDecision Senior Life insurance is for adults aged 50 to 70, with coverage amounts ranging from $10,000 to $150,000.

Fidelity Life also offers three whole life insurance policies: RAPIDecision Final Expense, RAPIDecision Guaranteed Life Issue, and RAPIDecision Senior Whole Life. RAPIDecision Final Expense is for adults aged 50 to 85, with coverage amounts ranging from $5,000 to $40,000. RAPIDecision Guaranteed Issue Life is for coverage up to $25,000 and is ideal for those with pre-existing health conditions as it does not require a medical exam. RAPIDecision Senior Whole Life is for adults aged 50 to 85, with coverage amounts ranging from $10,000 to $150,000.

The cost of life insurance from Fidelity Life depends on various factors, including your age, gender, location, medical history, smoking habits, lifestyle, and hobbies. You can get a policy estimate using Fidelity's online quote tool, which takes into account your age, gender, employment status, general health, and location.

Coverage starting at $5,000 and up to $2 million

Fidelity Life Insurance offers coverage starting at $5,000 and going up to $2 million, depending on the policy type. The company was founded in 1896 and is based in Chicago. It offers permanent and term life insurance policies and works with its sister company, eFinancial, to provide quotes and plans for individuals. It is important to note that Fidelity Life is not associated with Fidelity Investments.

Fidelity Life has a financial strength rating of A- (Excellent) from AM Best, indicating its ability to fulfil financial obligations such as paying future claims. The company provides both term and whole life insurance options. Term life insurance covers you for a specific period, such as 10, 15, 20, or 30 years, with fixed premiums. Whole life insurance, on the other hand, is a type of permanent life insurance that covers your entire lifetime, often with fixed premiums and a guaranteed cash value.

Fidelity Life's term life insurance policies include RAPIDecision Life and RAPIDecision Senior Life. RAPIDecision Life is for adults aged 18 to 65, with coverage amounts ranging from $50,000 to $2 million. RAPIDecision Senior Life is designed for adults between 50 and 70 years old, with coverage amounts ranging from $10,000 to $150,000. These policies offer flexibility, allowing you to purchase a new product or renew your policy annually until the age of 95.

The company's whole life insurance policies include RAPIDecision Final Expense, RAPIDecision Guaranteed Life Issue, and RAPIDecision Senior Whole Life. RAPIDecision Final Expense is intended for adults aged 50 to 85, with coverage amounts ranging from $5,000 to $40,000. RAPIDecision Guaranteed Life Issue provides coverage of up to $25,000, and RAPIDecision Senior Whole Life offers coverage from $10,000 to $150,000 for adults aged 50 to 85.

Fidelity Life's policies provide a range of coverage options to meet different needs. The application process is simplified, and in some cases, coverage can begin the same day an applicant applies. While a medical exam is usually required, Fidelity Life also offers no-medical-exam coverage for most healthy applicants. This makes their life insurance policies accessible and convenient for individuals seeking financial protection for their loved ones.

Premiums based on policy value, term, age, sex, and health status

Fidelity Life Insurance offers a range of term and whole life policies with premiums based on policy value, term, age, sex, and health status. The company provides coverage starting at $5,000 and going up to $2 million, depending on the policy type.

For term life insurance, Fidelity offers the RAPIDecision Life and RAPIDecision Senior Life policies. The RAPIDecision Life policy is available to those between the ages of 18 and 65 and can be renewed each year until the age of 95. The coverage amount ranges from $50,000 to $2 million, and the policy term can be 10, 15, 20, or 30 years. The RAPIDecision Senior Life policy, on the other hand, is available to adults between the ages of 50 and 70 and can be renewed for a certain time period or until the policyholder turns 80. The coverage amount for this policy ranges from $10,000 to $150,000, and the policy term can be 10, 20, or 30 years.

Fidelity also offers three whole life insurance policies: RAPIDecision Final Expense, RAPIDecision Guaranteed Life Issue, and RAPIDecision Senior Whole Life. The RAPIDecision Final Expense policy is for adults aged 50 to 85 and provides coverage ranging from $5,000 to $40,000. The RAPIDecision Guaranteed Issue policy has a coverage limit of $25,000 and is ideal for those with pre-existing health conditions, as it does not require a medical exam. The RAPIDecision Senior Whole Life policy is for adults aged 50 to 85 and provides coverage ranging from $10,000 to $150,000.

When determining premiums, Fidelity Life takes into account various factors such as age, gender, location, medical history, family medical history, smoking habits, lifestyle, and hobbies. Permanent life policies tend to be more expensive than term policies because they do not expire and build cash value over time.

Fidelity Life's term policies start at $15 per month, but the level of coverage will depend on the individual's needs. The company's online quote tool allows potential customers to get a policy estimate by providing information such as age, gender, employment status, general health, and location.

No universal life insurance offered

Fidelity Life Insurance offers a range of term and whole life policies, but it does not offer universal life insurance. The company provides permanent and term life insurance policies and works with its sister company, eFinancial, to provide quotes and plans for individuals.

Fidelity Life's term life policies are available for 10 to 30 years, with coverage starting at $5,000 and going up to $2 million. The RAPIDecision Senior Life policy is available to adults between the ages of 50 and 70 and can be renewed for a certain time period or until the policyholder turns 80.

Fidelity Life's whole life policies are limited to those between the ages of 50 and 85. The RAPIDecision Final Expense policy is ideal for those who do not wish to take a medical exam, while the RAPIDecision Guaranteed Issue Life policy is suitable for those with pre-existing health conditions as it does not require a medical exam or answering health questions.

While Fidelity Life offers a variety of term and whole life policies, it is important to note that the company does not offer universal life insurance. Universal life insurance is a type of permanent life insurance that generally lets the policyholder choose from single or flexible payments and builds cash value over time. This type of insurance is not currently offered by Fidelity Life.

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