What Is A Hybrid Term Life Insurance Policy? 
Hybrid Life Insurance refers to a type of policy that is a blend of two types of coverage . E.g. . A blend of Term and Whole Life , or Term and Universal Life , or Universal Life and Long Term Care . Hybrid Term Life is also the name of a policy offered by Fidelity Life . It starts out as a blend of Life and Accidental Death coverage , then changes to all Life insurance after the Insured person takes an exam within 6 months . The advantage of starting out with the hybrid policy -LRB- which goes into effect almost immediately -RRB- , vs binding coverage with other policies , is that the Insured gets to keep the policy regardless of whether or not they are approved for the pure Life policy later . In fact , the Insured could have a heart attack or be diagnosed with cancer and still get to keep that blend of Life and Accidental Death that is not graded . Another advantage can be for those who need something quick . E.g. . They are going on a trip , or need a policy to satisfy a divorce decree , or get a loan , or to wait until their blood pressure medication kicks in . If they do go on to get the pure Life policy , the rates are quite competitive with other medically underwritten policies . The only downside I see with Fidelity 's Hybrid Term Life Insurance is that it is hard to explain and understand . 