Fidelity Life Association Announces Rapid Decision Mortgage Term, an Innovative Alternative for the Mortgage Market

OAK BROOK, IL, August 15, 2007 — Fidelity Life Association today announced Rapid Decision Mortgage Term, an innovative term life insurance alternative to the simplified issue products typical of the mortgage market. The product features coverage limits up to $500,000 depending on age and a 40-year guaranteed level premium period option – both unique in the mortgage industry.

Rapid Decision Mortgage Term is another profitable way agents can target the vastly underserved Middle Market. The product utilizes Fidelity Life’s revolutionary Rapid Decision underwriting and approval process that enables policies to be issued on a fully-underwritten basis in days, not the months typical of other fully-underwritten products. And because it is fully-underwritten, Rapid Decision Mortgage Term rates are lower than that of normal simplified issue mortgage products.

Rapid Decision Mortgage Term can be issued for 15, 20, 30 and 40 year premium periods and features optional riders including, Accident Disability Income, Waiver of Premium on Involuntary Unemployment, Accelerated Death Benefit, Waiver of Premium, Dependent Child, Accidental Death Benefit, Return of Premium and Other Insured.

"We are very excited to offer this revolutionary product to the mortgage insurance marketplace," said Mike Honeysett, Vice President of Sales and Marketing for Fidelity Life Association. "With our increased coverage limits and premium periods and our ability to make underwriting decisions quickly, our Rapid Decision Mortgage Term product provides customers and producers alike a very attractive new way to cover their mortgage needs."