Fidelity Life,
Accident Life Insurance
Accidental Death Benefit Coverage
Fidelity Life Association’s Accidental Death Benefit (ADB) policy covers you in case of death resulting from an accident within 90 days of the accident*. And for additional peace-of-mind, the ADB coverage can be extended to the your spouse and dependent
children. Within 90 days is a great benefit as some companies rule that if you do not die within 48 hours then your death can be attributed to natural causes instead of an accident.
Issue Limits, Face Amounts and Benefits
Fidelity Life’s Accidental Death Benefit policy is available from ages 20 through 65, with coverage limits between $50,000 and $500,000. The policy is underwritten on a guaranteed issue basis—there are no medical questions on the application*. Most applications are approved within 24 hours.
The policy pays full benefits until age 70, at which time benefits reduce by 50%. Benefits then remain level at this reduced amount until the policy expires at age 80.
Included with the policy at no extra charge are additional Auto Safety and Travel Accident Benefits, see description on the next page. In addition, optional riders are offered for a nominal extra premium. The Family Accidental Death Benefit Rider can provide additional benefits for your spouse and dependent children. The Inflation Rider
automatically increases the policy’s death benefit. The Waiver of Premium Rider waives the policy premium if the insured becomes disabled as defined by the rider. The Return of Premium Rider allows the insured to receive a percentage of premium back. These riders are described in detail on the facing page.
Convenient Payment Plans
Fidelity Life offers convenient payment plan options. You can choose from monthly, quarterly, semi-annual or annual recurring payments via credit card or electronic funds transfer (EFT).
Auto Safety and Travel Accident Benefit (at no additional cost)
Auto Safety Benefit
If you were to die due to an accident while operating or riding as a passenger in a private
passenger automobile, the death benefit will be increased by 10% provided you were wearing a properly fastened, and originally factory installed seat belt at the time of the accident.
Travel Accident Benefit
The Travel Accident Benefit pays an additional 100% for accidents in which the insured was a passenger on a public conveyance being operated by a common carrier to transport passengers for hire.
Additional Optional Riders
Inflation Rider (optional)
The Inflation Rider increases the death benefit by an amount equal to 5% of the initial policy death benefit each year between policy years 2 and 6. After year 6 the death benefit remains level throughout the life of the policy.
Waiver of Premium Rider (optional)
Waiver of Premium Rider waives the policy premium if the insured becomes disabled as
defined by the rider. It is available for those between the ages of 20 to 55. There is a 6-month retroactive waiting period.
Return of Premium Rider - ROP (optional)
The Return of Premium (ROP) Rider allows the insured to receive a percentage of premium back— up to 100% of all eligible premiums—at the end of the ROP period. This benefit is not available in all states.
Family Accidental Death Benefit Rider (optional)
Fidelity Life Association Accidental Death Benefit coverage can provide additional benefits for a spouse and dependent children (please see rider for eligibility) of the primary insured with the following features of our Family Accidental Death Benefit Rider.
Spouse and Dependent Children Benefit
The Spouse and Dependent Children Benefit provides additional benefits to the beneficiary upon the accidental death of the insured spouse and any insured children
• Spouse Benefit is 50–60% of the base death benefit amount, depending if eligible children are also insured on the rider.
• Children’s Benefit equals 10–20% of the base death benefit amount, depending if an eligible spouse is also insured on the rider.
Spouse Double Tragedy
In the event both you and your spouse die due to an accident or accidents that occur within the same 24 hour period, the coverage for your spouse will increase by 100%.
Family Auto Safety
If an accidental death occurs to your spouse or children while wearing a safety belt in a private passenger vehicle, the death benefit will be increased by 10%.
College Fund Benefit
The College Fund Benefit provides an additional 10% of coverage for each dependent child ages 15-22 in case you die of an accidental death.
1 National Safety Council Injury Facts, 2005-2006
2 For the latest rating, access www.ambest.com
3 Some exclusions apply, see policy for full details.
4 Applicants must be a U.S. Citizen or have permanent resident status (green card).
5 May be subject to limitations. Please see rider schedule page for details.
