Fidelity Life Insurance Fidelity Life Association AVOID FIDELITY LIFE INSURANCE COMPANY! Oak Brook, Illinois
Do NOT BUY INSURANCE FROM FIDELITY LIFE INSURANCE! They play the bait
and switch game! I applied for $300,000 in term life insurance at a
premium of $1,259 per year. After I had already paid, and filled out
my application, low and behold I get the policy from the insurance
company which said, since you weigh X you coverage will be HALF of
the $300,000 I applied for! What!? I conveyed my current weight from
day 1 of my conversations with their agent. He NEVER said I would
have to lose 30 pounds to get a $300,000 policy for the premium of
$1,259. I have since gone with another insurance company and have
the full $300,000 coverage now for about the same premium and I am
still at the same weight!
GET EVERYTHING IN WRITING BEFORE YOU DO BUSINESS WITH FIDELITY LIFE!!!
THEY INTENTIONALLY MISREPRESENT THEIR PRODUCTS!!!
2 Updates & Rebuttals
gooch
panama city,Florida,
USA
bottom line
#3Consumer Comment
Mon, May 11, 2015
He found another company, other than Fidelity Life and their underwriters, which could provide him with coverage he needed without the weight issues. Check more companies and get the best coverage at the best price.
csanford
Maumelle,Arkansas,
Meaning Of "Application"
#3Consumer Suggestion
Thu, July 31, 2014
As a licensed life and health insurance agent myself, let me make clear that an agent simply helps you fill out the application. The "Underwriter" is the one who approves it. They did not rip you off. You "Applied" for $300,000 worth of coverage. Like going to a bank...you apply for a $300,000 loan, your credit wasn't good enough for that amount. Your weight is your credit per se. They approved you for less coverage because you were over their height and weight charts. The agent has no say so in this decision. It's called being "rated".