RAPIDecision® Senior Life insurance is designed to fit the needs of individuals ages 50 to 85. This flexible product offers a choice of either term insurance for those seeking pure protection or whole life for those who wish a cash value accumulation and final expense protection. Each provides customers with partial coverage immediately and full coverage starting in year four.
Policy issuance does not require a medical examination.* Instead, approval depends on the answers to health questions on the application and results from database sources. Although the eligibility questions cover individuals with some impairments, the products are not suited for applicants with serious health or other risk issues or who have a limited life expectancy.
RAPIDecision® Senior Life Term product provides a level premium for the life of the policy. Coverage is available for ages 50 to 70 in face amounts of $10,000 to $150,000 and term lengths of 10, 20, and 30 years, depending on your age. The full death benefit is paid upon death for any cause after year three through the end of the term period. The death benefit is reduced by 50% at the end of level term, in year 11, 21, 31 whichever is applicable.
RAPIDecision® Senior Life Whole Life provides guaranteed level premiums for the life of the policy. Coverage is available for ages 50 to 85, in face amounts of $10,000 to $150,000, depending on your age. The policy matures at age 121. The full death benefit is paid upon death for any cause after year three.
*Occasionally a medical exam, test or report will be ordered to assist a customer in clarifying or correcting an item of medical history.
Not all products available in all states. Fidelity Life Association is licensed in all states and the District of Columbia, except for Wyoming and New York. Our NAIC number is 63290.