Ladder is a digital-first term life insurance company that offers flexible coverage options and easy online application processes. The company’s policies are designed to be adaptable, allowing customers to adjust their coverage and premiums as their needs change. Here are some key features of Ladder’s life insurance policies:
* No-exam term life insurance with coverage up to $3 million
* Online application process with no need for a medical exam for policies under $3 million
* Ability to adjust coverage and premiums for free as needs change
* Policies available in all 50 states and Washington, D.C.
* Coverage terms of 10, 15, 20, 25, or 30 years
* Death benefit of $100,000 to $8 million
Pros:
* No-exam term life insurance
* Easy online application process
* Flexible coverage options
* Low costs
Cons:
* Only offers term life insurance, not permanent life insurance
* Not available for individuals over 60 years old
* No riders for customization
* Limited customer service options, with only phone support available
* Not a good fit for those seeking whole life insurance or other types of insurance policies
Ladder’s life insurance policies are underwritten by Amica, Allianz, Fidelity Security, and S.USA Life Insurance Company. The company has received positive reviews from clients and has a good reputation, but its limitations may make it less suitable for some individuals.