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Fidelity Life Announces the Addition
of Return of Premium to its Revolutionary RD Term
Product
CHICAGO, March 8, 2007-Fidelity Life Association
today announced the addition of a Return of Premium
rider to its Rapid Decision Term product. Available in
15, 20 or 30-year terms, the Return of Premium Rider
allows customers to receive a percentage of their
premium back - grading up to 100% at the end of a full
policy term.
The rider is attached to Fidelity Life Association's
revolutionary RD Term product which utilizes the
company's web-based Rapid App underwriting and approval
process. The process enables the company to make
decisions on a fully-underwritten basis within hours or
days, not the months typical of other fully-underwritten
products.
"Because we utilize our Rapid App process, we are
extremely competitively priced for our Return of Premium
product versus our fully-underwritten competitors and
much less expensive than simplified issue," said Mike
Honeysett, Fidelity Life Association's Vice President of
Marketing. "This is just another example of our use of
innovation and technology to provide valuable insurance
products to the traditionally underserved people of the
middle market." |