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Fidelity No Exam Life Insurance Review

Shortcut: If you are just looking for quotes, please select "Fidelity-Rapid Decision Express" in the quote results from our form on the left or above (mobile) To learn more about our review of the Fidelity no exam life insurance product, please continue reading.


Quick Summary: Fidelity is among the best for digital underwriting with no physical. They do it very fast and never need to see your doctor's records. Overall, their no exam product is lacking and most people can find better. The pricing is on the high side but they do offer the option to renew all the way up to age 95.


You don't want to take a medical exam? You are in luck. We are experts in this area and have created the ultimate no exam resource here. Learn about the top companies and compare their strengths side-by-side. If you need help, just let us know. 

About the Company

Fidelity life no exam insurance company logo

Fidelity has been around since 1896 and there name is very well known due in part of their large presence selling financial services such as retirement planning. This helps their name recognition on the life insurance side of things.

Fidelity & Guaranty Life receive excellent marks from all the major ratings services such as S&P who assign them an A+. With close to 30 Billion in life insurance policies in force, this is solid company that will continue to be around for a long time.

About the Policy

Product Name

Rapid Decision Express

Coverage

$25,000 to $250,000

Issue Age

18 to 65

Term Length

10, 15, 20, 30 years

Underwriting Process

Fidelity's underwriting for no exam policies is VERY fast and almost always done completely digital. Based on the information you submit, they'll verify database reports including:

  • Motor Vehicle Report - your driving record
  • Prescription Database - what drugs have you been prescribed
  • Medical Information Bureau -previous life insurance approvals and denials

Most applicants will have an answer within 24 hours. If you do not qualify, you may be asked to move over to a more traditional fully underwritten policy and have to take a physical.

Medical Questionaire

The application has 7 questions that you must answer "NO" to. A "YES" answer will disqualify you from the Fidelity Rapid Decision Express no exam product.

  • Have you been diagnosed as having AIDS (Acquired Immunodeficiency Syndrome) or ARC (AIDS Related Complex) or tested positive for HIV (Human Immunodeficiency Virus)?
  • Are you waiting for a diagnosis or have you been advised to have a surgical operation, diagnostic test or medical or mental evaluation that has not yet been completed?
  • Have you requested or received any Worker’s Compensation or Social Security disability benefits?
  • In the past 2 years, have you been hospitalized or evaluated in an emergency room or immediate care center for a chronic illness requiring ongoing treatment or care by a physician; OR have you participated in any hazardous activities or extreme sports?
  • Do you currently take more than 2 prescription medications for pain; or do you consume, on average, more than 3 alcoholic beverages per day?
  • Have you, within the past 5 years, been convicted of or pled guilty or no contest to a felony, misdemeanor, reckless driving, DUI or DWI; or been incarcerated or served in a probation or parole program or do you have criminal charges pending?
  • In the past 10 years, have you received any treatment, medical advice or consultation for; been diagnosed with or required follow-up for: diabetes or elevated blood sugar; cancer (excluding basal cell or squamous cell carcinoma of the skin); stroke, transient ischemic attack (TIA or mini-stroke); emphysema; chronic bronchitis or chronic lung disease; major depression or anxiety that required psychiatric treatment; bipolar disease or mood disorder; schizophrenia, Alzheimer’s disease, dementia, rheumatoid arthritis, paralysis; any degenerative muscle or nerve disease or disorder; alcohol or drug abuse; OR any disease or disorder of the following: heart, aorta, coronary arteries, peripheral vascular system, blood, liver pancreas, kidney (other than kidney stones), brain or connective tissue?

Decision Time

Fidelity gives decisions in 24 hours for most cases. This is about as fast as you can find for life insurance with underwriting.

Pros

Guaranteed renewable up to age 95. Hard to find an age this high at other insurers.

Very quick approval process, no APS needed.

Cons

Standard is best health rating available. Those in excellent health can save money at other companies.

Cost. Cheaper term life options are available without the examination.

Extras and Options

Fidelity includes an Accelerated Death Benefit rider automatically at no extra cost. This provides "living benefits" of up to 50% of the death benefit. These benefits can be taken early if the insured is given less than 12 months to live. The rider cannot be activated until the third year of the policy. Any benefit amount distributed early will be deducted from the face amount.

For an extra cost, you have the option to add these riders:

  • Dependent Child Rider - Up to $25,000 for eligible household children under age 18.
  • Accidental Death Benefit Rider - Additional death benefit paid out if death is the result of an accident.

Can be renewed up to age 95 on a yearly basis once the initial term is over. This does NOT require any new underwriting so you still have life insurance even if your health has deteriorated.

Cost

Fidelity Rapid Decision Express is priced higher than other comparable no exam products. 

Sample No Exam Term Quotes -  Fidelity Rapid Decision Express

40 year old male at Standard health class - pricing listed is per month

Death Benefit

10 Year

20 Year

30 Year

$50,000

$22

$23

$37

$100,000

$26

$38

$66

$250,000

$55

$83

$154

35 year old female at Standard health class - pricing listed is per month

Death Benefit

10 Year

15 Year

20 Year

$50,000

$22

$22

$24

$100,000

$20

$25

$34

$250,000

$39

$50

$75

Use our quoting tool to see the price you'd pay for a Fidelity no exam policy. 

How to Find the Best No Medical Exam Policy

Fidelity is one of more than 20 companies now offering life insurance without the need for a medical exam.

How can you be sure which is the right company?

You need to compare cost, underwriting niches, riders and policy options, as well as the overall strength of the insurance company. 

The tough part is:

The right insurance company will be different for everyone, there is no one size fits all. Sending out applications to multiple companies to "see what sticks" can also hurt your chances elsewhere, not to mention the time and hassle of dealing with multiple sales people and forms.

The best way to approach this is to work with an independent agency that is:

helping with life insurance
  1. Unbiased and not obligated to any certain life insurance carrier.
  2. ​Has access to all the top no exam products as well as some niche products for certain people/situations.
  3. Is a specialist in the no exam area.

Good news! We do this all day long and life insurance is our ONLY business. We pledge to always steer our clients towards the right company for their unique situation and based their needs.

Life insurance rates are fixed by law so there is no additional cost to use our service and expertise. We would be grateful to have a no pressure talk about options to protect those you care about most.

About Ty Stewart

Ty Stewart is the founder of SimpleLifeInsure. He is an independent life insurance agent that works for his clients nationwide to secure affordable coverage while making the process simple. There is never any cost to use his services.

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