Coverage does not begin until a successful payment has been made.

This is true for both applications approved immediately upon submission and for applications that have gone through the more traditional underwriting process.

If you have an active accidental death policy:

If you’ve purchased accidental death insurance from Fabric and are applying for term life insurance, your accidental death policy will remain in effect while you go through the application process for term life insurance.

Once the term life insurance policy has been purchased, your accidental death policy would automatically terminate. Note that if you’re not offered coverage or are given an offer but don’t purchase term life insurance, the accidental death policy remains unaffected.