Application Process

For a variety of reasons that benefit our clients, Fidelity Insurance Company, Ltd. (Fidelity) chooses not to transact business in the United States. However, U.S. citizens can enjoy the advantages of Fidelity's Life Insurance and Annuities through the establishment of international vehicles, such as an international Asset Protection Trust (APT) or a Limited Liability Company (LLC).

Applications for insurance and any required medical exams must be completed outside the U.S.

Life Insurance Application Process

The first step in applying for a life policy with Fidelity is to have a consultation with a Fidelity advisor. The advisor will review your current financial plan, your financial situation, and your goals and objectives. Fidelity advisors are independent professionals selected for their knowledge and reputation in the financial planning industry. The advisor will determine if Fidelity’s life or annuity products would serve your needs as a part of an overall strategy.

Please note that all applications and forms
must be signed outside the U.S.

Illustration

Prior to the conference, the advisor will order an illustration as a first step. This illustration will give you projected insurance and investment values using certain assumptions. The advisor will need your age, gender, and basic health information.  An advisor can also help you estimate the amount of insurance that will be right for you, based on the amount of money you would like to invest and your financial goals. Given those parameters, the advisor will order a sample illustration so that, when attending a conference, he can show you what your program might look like.

Medical Exam

As a first step, an advisor will help set-up a medical exam that will take place at your convenience during the conference. The medical exam should be scheduled at least one week before leaving for the conference to ensure that time and medical supplies will be available.

If a medical exam does not take place in conjunction with a conference, there are several pre-approved facilities where you can get a medical exam completed:

Freeport
Nassau
Montreal
Toronto
Vancouver
Los Cabos

It is critical to schedule any medical exam at these pre-approved facilities at least two weeks prior to your arrival. Walk-ins are never accepted. Exams are done by appointment only. The facilities only have a limited number of times available for these exams.

If you are traveling internationally and wish to schedule a private meeting and/or a medical exam in conjunction with your trip, meetings and exams at other facilities may be arranged. Medical exams at facilities other than those listed must be arranged with a minimum of six weeks notice. This time is necessary for Fidelity to locate a suitable clinic and to verify the quality and reliability of the facility.

It is important that you are aware that for underwriting purposes, medical exams are only good for six months. If your application and necessary information is not received in time to complete the underwriting process within six months of your exam, a new medical exam will be necessary.

Underwriting Guidelines

The following guidelines are provided so that you can see what the medical exam requirements are for your age and for the various levels of death benefit.

Blood = Blood work
HOS = Urine test
EKG = Electrocardiogram

Life Application

You will be required to complete a few critical documents for your life insurance application.

Personal History Questionnaire
This questionnaire tells the underwriter your basic personal information; i.e., name, addresses, social security number, contact information, date of birth, marital status, tobacco use, etc. To complete the questionnaire, you will need to provide the names and addresses of any doctors you have seen in the last ten years.

Financial Questionnaire
The Financial Questionnaire includes detailed questions about your family’s financial status. Since you will be asking the insurance company to take a substantial financial risk to insure your life, it is critical that Fidelity know your exact status in order to issue the policy that will best suit your needs. It is critical that you take the time to complete this questionnaire completely and accurately.

Authorization and Acknowledgement
This form gives Fidelity permission to obtain medical information.

Notice and Consent for Blood
This form gives Fidelity permission to draw and test blood.

Statement of Understanding
The statement of understanding says that a life policy does not go into effect until the insurance company makes an offer to a client and an adequate premium payment is received.

IMPORTANT NOTE:
There will be many built in redundancies in this process. Many questions will be asked as many as three times (during stages of the application process) to ensure accuracy. It is therefore important that you take the time to completely and accurately answer all questions so that a consistent and clear picture of you and your needs can be developed.

Underwriting

The underwriting process is the method by which Fidelity evaluates all pertinent health information and decides whether to accept financial risk, determines the death benefit available, and calculates the premium payment.

The first step in the underwriting process is the collection of all the information described above.

In addition, Fidelity will order Attending Physician Statements (APS) from all the doctors you have consulted with in the last ten years, motor vehicle reports and a background check.

A phone interview will be arranged between you and a professional insurance interviewer. This interviewer is a highly skilled and knowledgeable professional. All information is treated in a highly confidential manner.

As a general rule of thumb, Fidelity will consider issuing a life policy with a face amount equal to one half of your net worth, or ten times your income, or the estimated amount of your anticipated estate tax liability.

Effects of Anti-Money Laundering and Patriot Act Legislation

As a result of Anti-Money Laundering, Know Your Customer, and PATRIOT Act legislation, insurance companies around the world have tightened their underwriting procedures and guidelines. Factors that an underwriter might have winked at in the past now undergo serious scrutiny.

Likewise, the computer age also has allowed the underwriter access to information that, in the past, would never have reached his or her desk. Therefore, it is critical that all forms be completed honestly and accurately.

Once the underwriting process is successfully completed, Fidelity will make an offer. If you choose to accept Fidelity's offer, the first premium payment will be due at that time. For more information please see Policy Issue and Premium Payment.

To find out more please contact us:

Email: clientserv@fidinsco.com

The Law Building
PO Box 14, The Valley
Anguilla, British West Indies

Phone:   264- 497-0484

Fax:   264- 497-5753