Declined...
| Life Insurance for Those Declined and Impaired Risk Cases! | ||
| ● | No Medical Exam | |
| ● | No APS & No Testing | |
| ● | No Waiting & No Processing Delays...24/48 Hour Issue | |
| ● | Accept/Reject...Issuance of a Policy Depends Only on the Answers to a Few Health Questions | |
| ● | Even Prospects Who Have Experienced Difficulty Getting Insured can Obtain 10,20, or 30 Year Term or Whole Life Policies | |
| ● | Face Amounts up to $250,000 | |
| Issued Ages 20-75 | ||
| ● | AM Best Rated A- ("Excellent") | |
Graded
Death Benefit Policies
Fidelity Life Association’s Graded Death Benefit Term and Whole Life products are “graded death benefit” policies. This means that the death benefit in the first two years is less than the full amount of insurance for which the client applied. In the third year the death benefit is equal to the full amount of coverage. The full death benefit will be paid in years one and two for accidental death. See death benefit section.
A Choice
of 10, 20 or 30-Year Term or Whole Life
- Each provides customers with health problems with some coverage immediately.
- Each provides full coverage starting in year 3.
- Each offers a variety of payment options and carries a $50 commissionable policy fee.
- Convertibility-not applicable
Term Insurance
- 10, 20, or 30-Year Term
-
Issued from ages:
20 through 70 for 10-year term
20 through 65 for 20-year term
20 through 60 for 30-year term
-
Premiums are level for the life of the policy which for the 10-year term is to age 80 or 20 years whichever is longer, for the 20-year term is to age 80 or 25 years whichever is longer and for the 30-year term is to age 80 or 35 years whichever is longer.
-
At year 11, 21, or 31 whichever is applicable, there is a one-time decrease in the face amount based on the original issue age; ages 20-29 to 80% of the original face amount, ages 30-39 to 70%, ages 40-49 to 60% and ages 50 and up to 50% (2).
Whole Life
- Issued from ages 20-75.
- Level premiums for the lfe of the policy.
- Cash value accumulation
Accelerated Death Benefit
The insured may accelerate up to 50% of the death benefit if diagnosed by a physician to have a life expectancy of 12 months or less. This benefit is added at no additional cost.
Premium & Billing Options
There is a $50 commissionable annual policy fee.
The age to use in calculating the premium is the age at the last birthday. Premium calculation is the rate per $1,000 times the face amount in $1,000’s plus the policy fee.
Billing
Modes
| Annual | Direct, Credit Card or EFT |
| Semi-Annual | Direct, Credit Card or EFT |
| Quarterly | Direct, Credit Card or EFT |
| Monthly | Credit Card or EFT |
Modal Factors
| Semi-Annual | .52 |
| Quarterly | .28 |
| Monthly | .087 |
Submit First Modal Premium with
Application
| (1) | Occasionally a medical exam, test, or report will be ordered to assist in clarifying or correcting an item of medical history. |
| (2) | Does
not apply to
|