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.
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
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:
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.
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.
Fidelity gives decisions in 24 hours for most cases. This is about as fast as you can find for life insurance with underwriting.
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.
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
35 year old female at Standard health class - pricing listed is per month
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:
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.