Be Approved in 24 Hours With Fidelity’s No Exam Life Insurance
It can take up to 12 weeks to receive a high face value insurance policy with a low premium. While some companies provide you with fast coverage, they either limit the available coverage amount, charge a higher premium or do both. However, Hybrid is specially designed to avoid this problem. With this plan (no exam life insurance), you can enjoy fast coverage with up to $1,000,000 of term life insurance no medical exam at a low cost to you.
Key Features of Hybrid Life Coverage
The plans feature high-face amount insurance coverage with lower premiums. The blended coverage is approved in as little as 24-48 hours. This no medical exam life insurance gives you the option of taking a medical exam to improve the blend you qualify for, and you can defer the exam for up to six months.
No Exam Life Insurance: An Easy Process
This unique no exam life insurance is easy to apply for. Once you go through the initial underwriting process, you will answer some questions regarding your health history. Approval usually comes through within 24 to 48 hours, so you won’t have to go a long period without coverage.
The policy will actually be a hybrid of two coverage types.
One is a level premium term life insurance that pays a benefit for any cause of death.
The other is accidental coverage that pay an additional benefit for accidental deaths.
Once your policy is approved, you can contact the company to set up your paramedical exam. Using the results from this exam, the company may adjust your coverage levels at no cost to you. The exam can be scheduled anytime within a six-month window, so you will plenty of time to work it into your schedule.
Should the exam results show that your health is worse than you initially disclosed, your policy benefits will remain intact for the number of years you had selected. However, if your health turns out to be better, then you can adjust the levels of your hybrid policy to reduce the amount that only pays out for accidental death.
How Hybrid Plans are Preferable – No Exam Life Insurance
With a regular term plan, you receive temporary coverage until your medical results are confirmed in two to three months. With the hybrid plan, you have full coverage from the first day. You choose if you will retain the insurance for 10, 15, 20 or 30 years after that.
Typical term plans can deny coverage after they receive your medical results. The coverage with a hybrid plan cannot be terminated once it is issued. You must answer all questions honestly, but changing information on your medical test that you were unaware of will not result in the termination of your policy.
Full coverage for regular plans only begins after final underwriting and approval in two to three months. With hybrid plans, your coverage kicks in as soon as you are approved. If your test comes back showing better health then you reported, then you can make favorable changes to your plan. Typical plans reserve the right to refuse coverage based on poor health exams, but hybrid plans will keep you insured regardless of your exam results.
With most policies, you have to take the exam immediately. Hybrid plans give you up to six months to take the medical exam, so you have time to improve health problems like obesity or high cholesterol. There is no medical evidence required with hybrid plans, and your policy will remain in effect regardless of what your health exam shows.
One of the most attractive no health exam insurance plans available, hybrid policies from Fidelity allow you to get the best coverage available for you at the lowest rates.
No medical exam life insurance: The application process is fast and easy, and you will not have to worry about losing coverage based on your health exam.