👉 The slang term "life insurance fidelity" is an expression that's used to describe a person who has been assured of life and health coverage, but is not required to provide protection if something goes wrong with their loved ones. It can be seen as both funny and unsettling, especially in the context of financial planning and estate planning.
Here’s an example sentence: "I had to tell my wife I was 'life insurance fidelity' - she said, "How about this: we're not paying for life because it's too expensive! Life insurance isn't that expensive after all!" This statement is both humorous and unsettling, as it suggests a financial scam by someone who doesn’t have to pay for life insurance but does still want to ensure their loved ones are protected.
