Fabric Life Insurance has a unique way of providing you with accidental death coverage. This slideshow provides you with more information.

1. FABRIC LIFE INSURANCE?
WHAT IS
ROBERT TAUROSA

2. FABRIC LIFE INSURANCE LAUNCHED
IN MARCH 2017, OFFERING INSTANT
ACCESS TO ACCIDENTAL DEATH
INSURANCE AND TERM LIFE
INSURANCE POLICIES ONLINE.
TARGETED TOWARDS THE 25 TO 50
YEAR AGE GROUP, ACCIDENTAL
DEATH POLICIES ARE AVAILABLE IN
THE MAJORITY OF THE 50 STATES.

3. FABRIC INSURANCE DOES NOT HAVE
ANY AGENTS, EFFECTIVELY CUTTING
OUT THE MIDDLEMAN AND MAKING A
STRAIGHTFORWARD PROCESS THAT
USUALLY ENDS UP BEING
COMPLICATED AND TIME-
CONSUMING, SIMPLE AGAIN..
WHAT MAKES FABRIC LIFE INSURANCE DIFFERENT FROM
OTHER ACCIDENTAL DEATH INSURANCES IS THE
EXCLUSIVE, ONLINE-ONLY PURCHASE OF A POLICY.

4. TO PURCHASE COVERAGE, USERS
MUST FIRST SIGN UP FOR FABRIC
INSTANT, THE ACCIDENTAL DEATH
POLICY, WHICH CAN BE COMPLETED
IN AS LITTLE AS 2 MINUTES.
THE SINGLE GREATEST RISK TO
PEOPLE AGES 25 TO 44 ARE
ACCIDENTS, SO FABRIC STARTS
BUYERS OUT WITH THIS COVERAGE
RIGHT OUT OF THE GATE. THERE IS
NO REQUIREMENT FOR HEALTH
INFORMATION, AND ACCEPTANCE IS
GUARANTEED.

5. THE INSURANCE ONLY PAYS OUT IF
THE INSURED PERSON DIES IN AN
ACCIDENT, NOT FROM ANY OTHER
CAUSE, SUCH AS ILLNESS.
THE COVERAGE DOES NOT INCLUDE DISMEMBERMENT,
HOWEVER, LIKE MANY OTHER ACCIDENTAL DEATH
POLICIES ON THE MARKET

6. ONCE THE ACCIDENTAL DEATH
COVERAGE HAS BEEN PURCHASED,
BUYERS CAN APPLY TO UPGRADE TO
“FABRIC PREMIUM,” WHICH IS A 20-
YEAR TERM LIFE POLICY.
THIS POLICY HAS UP TO $5 MILLION IN TERM LIFE
COVERAGE AVAILABLE. TO CONVERT TO FABRIC PREMIUM,
BUYS CAN COMPLETE THE APPLICATION PROCESS
IMMEDIATELY AFTER THE ACCIDENTAL DEATH COVERAGE IS
PURCHASED, OR YEARS LATER. WHEN BUYERS DECIDE TO
UPGRADE TO PREMIUM, THE ACCIDENTAL DEATH POLICY IS
CANCELED AND THE TERM LIFE POLICY IS CONVERTED TO
WHOLE LIFE INSURANCE.

7. WHILE A PRELIMINARY QUOTE IS
AVAILABLE PRIOR TO THE PURCHASE
OF ACCIDENTAL DEATH INSURANCE
AND THE FABRIC PREMIUM
APPLICATION, THE FINAL PRICE
WOULD THEN BE SET AFTER THE
APPLICATION AND MEDICAL EXAM
RESULTS ARE REVIEWED.
THE PREMIUM COVERAGE DOES REQUIRE A MEDICAL
EXAM UNLIKE THE ACCIDENTAL DEATH INSURANCE AND
TAKES AN ADDITIONAL WEEK TO REVIEW THE RESULTS
ONCE THEY ARE SUBMITTED.