RAPIDecision® Senior Whole Life is a good option if:
*Available coverage varies by age
The best whole life insurance for seniors will offer comprehensive financial protection for your family. Here are a few other reasons people select RAPIDecision® Senior Whole Life insurance.
RAPIDecision® Senior Whole Life is one of Fidelity Life’s life insurance products designed specifically for consumers ages 50 to 85. You can get coverage ranging from $10,000 to $150,000 depending on your age, with no medical exam and guaranteed level premiums for the life of the policy.
RAPIDecision® Senior Whole Life accumulates cash value and provides final expense protection. Partial coverage begins immediately, and full death benefits are paid upon death after year three. This whole life insurance policy matures at age 121.
Yes, there are a few alternatives to whole life insurance for older adults looking to buy a policy,including term and final expense.
Fidelity Life works to support our customers at every age and stage of life with a variety of policies. Our life insurance policies for seniors also include:
Apply and skip the medical exam: Your RAPIDecision® Senior Whole Life policy provides partial coverage immediately, with full coverage starting in year four. Approval depends on the answers to a few health questions on the application and results from public databases (like Motor Vehicle Registration). There’s no medical exam required. While the eligibility questions cover individuals with some impairments, this product is not suited for applicants with serious health or other risk issues, or who have a limited life expectancy.Fidelity Life also offers RAPIDecision® Senior Life Term Life.
Pay level premiums: Your RAPIDecision® Senior Whole Lifepolicy is a permanent life insurance policy with a guaranteed level premium. As long as you pay your premium, your policy is in force and your premium will not change.
Accrue cash value: Permanent life insurance can also build cash value. meaning your premiums provide for a death benefit and a cash value. The cash value increases over time as you pay into your policy. If you choose to lapse your policy, the cash value is paid to you.
Policy maturation: Your RAPIDecision® Senior Whole Life policy matures when you turn 121. Should you live to 121, the cash value of your whole life insurance policy will equal the death benefit. At that point, you will no longer have to pay premiums since your death benefit is fully funded. If you choose to receive the cash value of the policy, any gains on a matured policy could count as taxable income, unlike the death benefit itself. To understand any tax consequences of cashing out your policy, you should consult a tax professional.
A RAPIDecision® Senior Life Whole Life policy does not require a medical examination. Instead, your approval is based on the answers to health questions on the application and results from industry-standard database sources. Although these 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. Occasionally a medical exam, test or report will be ordered to assist a customer in clarifying or correcting an item of medical history.
Fidelity Life is committed to helping you find the right life insurance. For more than 100 years, we’ve been helping everyday people like you get the life insurance you need and the peace of mind you deserve. Our mission is to work with you throughout your life. Whether you’re just starting to think about having kids, raising your children, or are getting ready to enjoy retirement, we design products with families like yours in mind.
You can feel confident we’ll be there for your loved ones because we carry an A+ rating from the Better Business Bureau, as well as an A- rating (Excellent) from A.M. Best Company, the oldest and most widely recognized provider of ratings for the insurance industry.
Our commitment to our customers and their families shows up in our innovative products and our top-notch customer service.
Tell us about yourself, and we’ll match you to available life insurance policies that meet your needs and work with your budget.
Select the life insurance policy that works best for you. We’ve made it fast and easy to get a quote online or to connect with one of our agents.
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