Quick Life Insurance Questions & Answers
- What is "Blended" Life Insurance?
- If the medical exam is optional, why choose to receive it?
- Why choose Fidelity Life Association?
What is "Blended" Life Insurance?
Blended life insurance is a progressive style of life insurance coverage initially involving different types of coverage designed to afford you with more flexibility in the underwriting process. Most life insurance policies cannot be issued without submitting to a medical exam first, subjecting you to a litany of medical underwriting procedures, including the oft-dreaded medical exam. Once you've gone through all the trouble, a policy may not even be issued and no or limited coverage is provided while you wait.
Get life insurance in as little as 24 hours! Start Today >>Fidelity Life Association has developed an innovative solution to medical underwriting requirements. Why not put your coverage in force first? Hybrid Life starts out as a blend of Accidental Death and "All Cause" life insurance (covering death from any cause)*. A medical exam is completely optional, and Hybrid Life gives you a full six months to decide whether or not you want to do this. If your medical exam is consistent with the information you report on your application and you qualify for our preferred rating class, then the "Accidental Death" portion of your life insurance may shift entirely to your "All Cause" coverage and – regardless of the cause of death* – your beneficiary will receive the maximum benefits available under the policy.
If the medical exam is optional with Hybrid Life, then why choose to do it?
The unique benefit of Fidelity Life's Hybrid Life is that you're not obligated to receive a medical exam. If you choose to do so you can increase the amount of benefits afforded to the "all cause" portion of your policy. This means that you'll receive the maximum benefit available under your policy, regardless of the cause of death*.
Whatever you decide, Fidelity Life gives you a full six months to submit to an exam. This gives you sufficient time to improve your health for the maximum benefit of your policy.
Why choose Fidelity Life Association?
Fidelity Life Association has a solid reputation that dates back to 1896 and is backed by the financial strength and security of an A- (Excellent) A.M. Best rating.** Fidelity Life's innovative policies are unparalleled and are approved much more quickly than policies that have mandatory medical exam requirements (usually 24-48 hours after you submit your application).
Flexible, quality life insurance coverage you can trust - Request a Quote Now! >>
*Except those specifically excluded in the policy.
**For the latest rating, please access www.ambest.com
Quick-Reference Life Glossary
Accidental Death Benefit (also ADB): Insurance coverage for a cause of death that does not include illness, suicide, murder, or natural causes.
All Cause Coverage: Coverage that pays out regardless of the cause of death*. "All Cause" differs from ADB coverage, which only covers accidental death
A.M. Best Rating: An independent financial strength rating of insurance companies, based on their ability to pay claims. Ratings range from A++ to F.
Blended Life Insurance: A type of life insurance that includes more than one type of benefit that depends on the cause of death. For Fidelity Life's Hybrid Life, this initially means a blend of "all cause" life insurance and ADB coverage.
Term Life: A type of life insurance that is pure insurance, which doesn't build up cash value over time. Term life coverage lasts for a pre-determined and specified time, generally 5, 10, 15, or 20 years or more.
Rider: A modification that is made to an insurance policy at the time of issue. The ADB rider is automatically added to Fidelity Life Association's Hybrid Life.
*Except those specifically excluded in the policy.