Ladder Insurance
UnclaimedFlexible term life insurance in minutes, designed to protect your loved ones.
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TL;DR - Ladder Insurance
- Apply for term life insurance online in minutes.
- Flexible coverage that can be adjusted over time.
- No medical exams for policies up to $3 million.
Pricing: Free plan available
Best for: Growing teams
Pros & Cons
Pros
- Quick and easy online application process
- Ability to adjust coverage as life circumstances change
- No hidden fees and transparent pricing
- Policies issued by highly-rated insurers
- Customer support available for assistance
Cons
- Medical exam may be required for coverage exceeding $3 million
- Only offers term life insurance, not whole life
- Specific products in New York have a shorter 10-day money-back guarantee
Key Features
Digital application processNo medical exams for policies up to $3MAdjustable coverage amounts (Laddering)Term life insurance policies (10-30 years)Real-time underwriting for instant coverage decisions30-day money-back guaranteeOnline coverage calculator
Pricing Plans
Free TrialFree
Free
- 1 user
- 1 project
- 100 MB storage
- Basic features
Basic
$10/month
- 5 users
- 5 projects
- 1 GB storage
- Advanced features
Pro
$25/month
- Unlimited users
- Unlimited projects
- 10 GB storage
- All features
- Priority support
About Ladder Insurance
By Toolradar Team·
Ladder provides a fully digital platform for obtaining flexible term life insurance policies. It streamlines the application process, allowing users to apply online in minutes with just a few health questions and often without a medical exam for coverage up to $3 million. The service is designed for individuals seeking to protect their families financially, offering coverage that can be adjusted over time to match changing life circumstances, such as paying down a mortgage or children becoming adults.
Ladder focuses on speed, ease, and affordability, aiming to modernize the traditional life insurance industry. Policies are issued by highly-rated insurers, and the platform offers a 30-day money-back guarantee. It is particularly suited for those who prefer a quick, online application process and the ability to dynamically manage their coverage amount.
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Ladder Insurance FAQ
How does Ladder's 'Laddering' feature work to adjust coverage?
The 'Laddering' feature allows policyholders to increase or decrease their coverage amount as their financial needs change. For example, as you pay down a mortgage or your children become independent, you can reduce your coverage. Conversely, you can increase it if your responsibilities grow. This provides flexibility to ensure you're always paying for the appropriate level of protection.
What happens if I apply for more than $3 million in coverage?
For coverage amounts exceeding $3 million, Ladder may require you to complete a quick, free, at-home health check. For policies up to $3 million, the process is typically 100% digital, relying on health questions within the application.
Are there any specific situations where a Ladder life insurance policy might not pay out?
While Ladder policies are issued by highly-rated insurers, there are specific exclusions. A policy may not pay out in cases of death by suicide or fraud. It's important to review the full policy terms for complete details.
How does Ladder determine if I need a medical exam, and what factors influence this decision?
Ladder's underwriting process is designed to be digital for policies up to $3 million, primarily using health questions in the application. The need for a medical exam is generally triggered only for coverage requests above this $3 million threshold, ensuring a streamlined experience for most applicants.
What is the typical timeframe for getting approved for a Ladder life insurance policy?
Ladder's real-time underwriting process often leads to on-the-spot coverage decisions. The digital application and lack of medical exams for most policies contribute to a significantly faster approval time compared to traditional life insurance providers.
Source: ladderlife.com