What is graded life insurance

what is graded life insurance

Worksite LifeTime Benefit Term

The permanent LifeTime Benefit Term product is a solid alternative to universal life or whole life coverage. Our favorable rates allow us to provide death benefit amounts that are 10% to 30% higher than most cash value products.

LifeTime Benefit Term can last a lifetime because it provides coverage through age 120. Affordable premiums begin for as little as $3 per week and are guaranteed not to change. Coverage is available for an employee, spouse and children (children covered by a term rider). LifeTime Benefit Term is a group policy form with certificates issued to participating employees. However, the certificates are fully portable (whether the group master policy remains in force or not) with the same benefits and costs when the employee terminates employment. LifeTime Benefit Term is simple to get and utilizes conditional guaranteed and simplified issue underwriting.

Maximum coverage amounts for an employee (based on case underwriting guidelines) are as much as $250,000. A spouse is eligible for up to 50% of what an employee is eligible to purchase. Employees do not have to participate in order for a spouse to apply.

Issue ages are from 16-70. Employees may customize coverage through the following available riders: Accidental Death Benefit, Dependent Child Benefit, Waiver of Premium and Accelerated Death Benefit for Long Term Care. An Accelerated Death Benefit for Terminal Illness is a no cost rider available on all plans where allowed by state law. (Not all riders are available in all states.)

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.

Invitations for application for life insurance on FidelityLife.com are made through Efinancial, LLC or through its designated agent, Michael W. Rowell, only where licensed and appointed.License numbers are available upon request and are automatically provided where required by law. Michael Rowell is a licensed life insurance agent in all 50 states, including the District of Columbia, and his resident state of Washington. Michael W. Rowell’s Washington license number

is 150354; in California, 0C83033; in Louisiana, 265202; in Minnesota, 20234878; in Utah, 126919; in Massachusetts, 1757436; and in Texas, 1001041. Efinancial, LLC’s California license number (d/b/a Efinancial Term Insurance Services) is 0F37537; in Louisiana, 323680 and in Utah, 104501.

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.

* Quotes based on a composite of participating carriers which have at least an “A-” rating by A.M. Best. Rates current as of 10/6/2011 for a Guaranteed 10 year term-life policy, issued at each company’s best-published rates. Comparison made for a male, preferred plus, non-tobacco user, ages 35, 40, 45 and female, preferred plus, non-tobacco user, ages 35, 40, 45. Rates and the products available may vary by state. All policies are subject to underwriting approval.

American General Life and Accident Insurance Company, Nashville, TN; Banner Life Insurance Company, Urbana, MD, and William Penn Life Insurance Company, Garden City, NY, both Legal & General America companies; Fidelity Life Association, A Legal Reserve Life Insurance Company, Chicago, IL; Genworth Life and Annuity Insurance Company, Lynchburg, VA and Genworth Life Insurance Company of New York, New York, NY, member companies of Genworth Financial, Inc.; First MetLife Investors Insurance Company, New York, NY, MetLife Investors USA Insurance Company, Irvine, CA and Metropolitan Life Insurance Company, New York, NY, all three members of the MetLife family; Protective Life and Annuity, Birmingham, AL; Pruco Life Insurance Company, Newark, NJ and Pruco Life Insurance Company of New Jersey, Newark, NJ, member companies of Prudential Financial, Inc. Newark, NJ; Reliastar Life Insurance Company, Minneapolis, MN, Reliastar Life Insurance Company of New York, Woodbury, NY and Security Life of Denver Insurance Company, Denver, CO, member of the ING family of companies; Transamerica Financial Life Insurance Company, Harrison, NY, and Transamerica Life Insurance Company, Cedar Rapids, IA, both AEGON companies

Rates and time taken to purchase a policy vary by product.

Copyright © 2013 Fidelity Life Association, A Legal Reserve Life Insurance Company. All rights reserved.

Source: www.fidelitylife.com

Category: Insurance

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