Fidelity Life Guaranteed Issue Life Insurance | Up To $25,000

Fidelity Life Association offers guaranteed issue life insurance, called RapiDecision Guaranteed Issue, with face amounts of up to $25,000.

Should you buy this policy? Maybe.

This form of coverage only makes sense in a few situations, so you will want to do your homework before signing up.

Here, you will find everything you need to know about Fidelity’s guaranteed issue life insurance – including product details and rates.

Table Of Contents

  1. Overview
  2. Rates
  3. Fine Print
  4. FAQs
  5. About the Company
  6. How to Buy

Fidelity Life Guaranteed Issue

First, it’s important to know that guaranteed issue life insurance is not for everyone.

In fact, this form of coverage is only recommended for someone who is otherwise uninsurable.

What does it mean to be uninsurable?

Life insurance companies are in the business of risk absorption. There are some conditions that are considered to be too risky, or uninsurable, to be issued traditional coverage.

What are some uninsurable risks for traditional coverage?

That’s where a policy like Fidelity’s guaranteed issue may make sense – if you, and we mean this in the nicest way, pose too much risk.

Let’s uncover the policy’s specifics.

fidelity life guaranteed issue

There are five important details to be aware of.

Wait Time

Your Fidelity Life guaranteed issue policy takes a few days for approval. Sometimes, policy issuance can occur in as little as 24 – 48 hours.

In comparison, some guaranteed issue carriers offer instant coverage:

Issue Ages

There are age restrictions to be aware of. You must be between 50 – 85 years to qualify.

All guaranteed issue carriers have similar age restrictions.

If you are younger than 40 years old, guaranteed issue will not be an option.

NoteGreat Western offers guaranteed issue coverage starting at age 40.

Regardless of your age, be sure to evaluate all no physical life insurance options, first. An independent agent will help you determine the forms of coverage you qualify for.

Next, if you do not qualify for traditional coverage, and are younger than age 40, you can purchase an accidental death and dismemberment policy.

Policy Amount

Also referred to as face amount, all guaranteed issue policies are modest in size.

Fidelity is no exception. You can purchase a policy for $2,000 – $25,000.

Note – if you can answer a few health questions, Fidelity also offers a final expense policy that offers up to $35,000 in coverage.

In a perfect world, your life insurance policy would cover all of the financial needs of your loved ones. However, some life insurance is better than no life insurance.

Because of the small face amounts, guaranteed issue policies are intended for end-of-life expenses, and not much else:

  • Medical bills
  • Funeral
  • Burial expenses
  • Modest debts

Policy Length

Fidelity’s guaranteed issue policy is a form of whole life insurance.

As long as you make your premium payments, your contract will last your whole life.

Whole life, or permanent, also offers a cash-value component. Policy loans and withdrawals are available once cash reserves have been built up.

No Medical Exam

Guaranteed issue is the simplest form of no exam life insurance to buy.

Not only do you skip the medical exam, and all of the uncomfortable steps that entails, you also won’t be asked health questions.

Really, it is a matter of signing up rather than applying, as long as you meet the age requirements.


Evaluate the following rates for Fidelity Life’s RapiDecision Guaranteed Issue.

Important – rates provided are based on annual cost per unit of coverage. Each unit is equal to $1,000 of life insurance.

Rates are for non-tobacco applicants, meaning that no forms of tobacco have been used in the past 12 months.

Fidelity Life Guaranteed Issue Rates Per Unit

50 Year Old$58.54$43.80
51 Year Old$60.65$45.62
52 Year Old$62.77$47.44
53 Year Old$64.89$42.96
54 Year Old$67.00$51.08
55 Year Old$69.12$52.89
56 Year Old$71.23$54.71
57 Year Old$71.35$56.53
58 Year Old$75.55$58.36
59 Year Old $77.76$60.19
60 Year Old$79.76$62.03
61 Year Old$82.17$63.86
62 Year Old$84.37$65.69
63 Year Old$88.33$68.65
64 Year Old$92.28$71.61
65 Year Old$96.24$74.56
66 Year Old$101.51$77.52
67 Year Old$106.78$80.48
68 Year Old$112.05$83.05
69 Year Old$117.32$85.62
70 Year Old$122.59$88.19
71 Year Old$134.08$96.45
72 Year Old$145.57$104.71
73 Year Old$157.07$112.97
74 Year Old$168.56$121.22
75 Year Old$180.06$129.48
76 Year Old$194.77$140.98
77 Year Old$209.48$152.47
78 Year Old$224.20$163.97
79 Year Old$238.91$175.46
80 Year Old$253.62$186.95
81 Year Old$255.50$199.37
82 Year Old$257.37$211.78
83 Year Old$259.25$224.20
84 Year Old$261.12$236.61
85 Year Old$263.00$249.02
*Annual rate per unit. Rates subject to change.

To cost compare, evaluate rates at the following guaranteed issue carriers:

  1. AIG guaranteed issue
  2. Gerber guaranteed issue

Fine Print

Each carrier’s policy details vary. Be sure to be aware of the fine print before moving forward.

Graded Benefit

It’s important to know that your death benefit is not immediately available upon purchase.

For the first three policy years, you will have what is called a graded death benefit.

Carriers implement this provision with higher-risk forms of coverage to protect their financial integrity.

RapiDecision Guaranteed Issue graded benefit details:

  • Year 1 – 3: return of premiums paid, plus 5% interest
  • Year 4 and beyond: full death benefit paid
  • Death benefit expires at age 121

During policy years 1 – 3, if death occurs as the result of a qualifying accident, the full death benefit will be paid.

Online Application System

Fidelity utilizes their in-house online application system called, Rapid App.

You are able to buy a policy over the phone and computer.

You do not need to be physically present with the agent. Even your signature is collected electronically.

Guaranteed Level Premiums

Your premiums – what you pay in exchange for coverage – will remain the same for the life of the policy.

In contrast, some providers like AARP, utilize age bands in which your premium payments increase at regular intervals (such as every 5 years).

Frequently Asked Questions

Frequently asked questions about Fidelity Life guaranteed issue and their unbiased answers.

Is Fidelity Life good?

Fidelity Life has over 120 years of history, helping U.S. citizens find life insurance coverage.

They have an A+ rating from the Better Business Bureau, and an A- (Excellent) financial rating from AM Best.

Will I be approved for guaranteed issue?

Yes, almost always.

There are two stipulations to buying a guaranteed issue life insurance policy with Fidelity:

  1. You must be between the ages of 50 – 85.
  2. You must be a United States citizen (a green card is accepted).

Your health will never be a factor in whether or not you will be approved.

RememberGreat Western approves applicants starting at age 40.

Does my policy build cash value?


Permanent life insurance, like guaranteed issue, builds cash value. Your cash value increases over the life of the policy.

Eventually, you may access the cash component for loans, withdrawals, or to cover premium payments, should your policy lapse.

Will my policy expire?


As long as you make your premium payments, your policy lasts your entire life.

What if I die during the graded death benefit period?

Your premiums will be returned, plus 5% interest.

Unfortunately, your beneficiaries will not receive the death benefit if you die during the first three years of the life of the policy.

However, there is no money lost, since your premiums – plus interest – are returned during the graded period.

Do I need to take a medical exam?


Fidelity guaranteed issue policies will never require you to take an exam. You will not be required to answer health questions, either.

Should I consider final expense instead?


If you can qualify, final expense life insurance has lower rates and higher face amounts available.

Fidelity’s final expense policy offers up to $35,000, as opposed to $25,00 with their guaranteed issue policy.

You will have to answer some health questions:

  1. Are you on oxygen for a medical condition?
  2. Have you been hospitalized more than twice in the last six months?
  3. Have you been diagnosed as terminally ill (less than 24 months to live)?
  4. Are you HIV positive or do you have AIDS?
  5. In the past 5 years, have you received a DUI conviction?
  6. In the past 2 years, have you been diagnosed with or treated for:
    1. heart disease or any disorder of the heart
    2. stroke or any disease of the vascular system
    3. chronic obstructive pulmonary disease, emphysema, or other respiratory disorder?
    4. diabetic complications, or any organ disorder?
    5. ALS, Alzheimer’s disease, dementia, or any cognitive impairment?
    6. cancer (other than basal cell skin cancer)?
  7. In the past 2 years, have you received treatment for alcoholism or drug abuse?
  8. In the past 2 years, have you entered a hospital for a mental disorder?
  9. Has a medical professional advised you to take an uncompleted medical test within the last 2 years?

If you can answer, “no”, to the above questions, Fidelity’s final expense policy is likely a better option for you.

fidelity life

About Fidelity Life

Established in 1896, Fidelity Life has a long history of providing insurance protection in the United States.

Keeping our promise to everyday families means delivering on a commitment to financial security for more than 120 years. 

Fidelity Life Association

Originally called the Mystic Workers of the World, a fraternal benefit society, the company’s name was changed to Fidelity Life Association in 1930.

Today, Fidelity is a stock life insurance company and their parent company is, Members Mutual Holding Company.

They have $407 million in total assets and $32 billion in life insurance policies in force.

Fidelity conducts business in all of the United States, except for New York and Wyoming.

How To Buy

Whether you you plan to buy Fidelity’s guaranteed issue product, or another form of coverage altogether, you will want to do two things.

1. Work with an independent agent

Every life insurance company is unique in the products and prices.

The only way for you to find the policy that will provide the most value for your needs is to collaborate with someone who has access to multiple companies and quotes – an independent agent.

2. Prepare for the application

To save time and streamline the purchasing process, jot down your pertinent information.

To start, list your loved ones financial needs, your health history, occupation, annual income, and beneficiary information.