- Fidelity Life
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Headquarters: P.O. Box 9269, Oak Brook, IL 60522-9269www.fidelitylifeassociations.com
Key officers: Richard A. Hemmings, Chairman, President and Chief Executive Officer; Ciaran Brady, Vice President, Operations; Jim Harkensee, Vice President, Product and Corporate Development
Products and services:
Fidelity Life offers a variety of innovative life insurance products. The company’s product “Hybrid Life” allows a policyholder to defer a medical exam for up to six months. In addition to this, “Rapid Decision” permits a person (up to the age of 95) to obtain life insurance coverage within a matter of days. Fidelity Life also offers a graded death benefit term life and whole life insurance product for people with health problems who can purchase up to $250,000 in coverage.
Some quick facts about Fidelity Life:
Fidelity Life was founded in 1896 by a fraternal society so they could offer more “reasonable insurance alternatives” than what was provided by traditional Eastern companies.
In 1908, the company (then Mystic Workers of the World) had a membership of 50,000.
By 1915, the company had a total of $100 million of life insurance in force, and in 2011 it has over $23.59 billion.
Source: www.fidelitylifeassociations.com, www.americandirect.com
Compiled by Life Quotes, Inc. staff
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