ladder life insurance | ladder life insurance review

Ladder is an insurance startup offering term life insurance to people age between 20 to 60.

The company was founded in 2015 and has since expanded to all 50 states and Washington, D.C. In 2020 

it announced an expansion to it's partnership with personal finance company SoFi and legal document platform NetLaw to allow SoFi members to create wills for free

Ladder life insurance pros

1. Easy to apply and manage your account online.

2. Most applicants won't need a medical exam.

3. Coverage limits up to $8 million.

Ladder life insurance  cons

1. Some Ladder policies are issued by a company that received far more consumer complaints to state regulators than expected for a company of its size.

2. No riders to add to your policy.

ladder life insurance

Ladder offers policies up to $8 million for 10, 15, 20, 25 and 30year terms, depending on your age, Your age plus the length of your chosen term may not add up to more than 70, There are no riders available to add to a policy, Applications for coverage of $3 million or less can be completed online, without the need for a medical exam.

Ladder lets customer decrease or apply to increase their coverage amount online when their needs change

ladder life insurance review

Ladder earned 3.5 stars out of 5 for overall performance, NerdWallet’s ratings are determined by our editorial team.

The scoring formula takes into account consumer experience, complaint data from the National Association of Insurance Commissioners and financial strength ratings