Ladder Review

Overview

We live in a modern world, and our needs reflect that. Everybody is short on time and that is something that Ladder understands thoroughly. This no-nonsense approach to term life insurance helps to ensure that no matter what happens, both you and your loved ones are covered. Essentially, they’re a busy millennials dream come true.

Ladder understands your needs and reflects that in their simple, open interface, complete with straightforward explanations of their services, how to apply, and their terms and conditions. Just like you, this is a company that isn’t messing around. Ladder’s here for a reason, and that reason is plain to see. There’s no beating around the bush, no pushy sales team, and certainly no hidden fees to be found.

So, what makes them such an incredible company with ridiculously high customer approval ratings? So much. Let’s dig into the reasons behind why we dig Ladder so much.

What Do They Offer?

Ladder offers term life insurance coverage that fits your lifestyle. Every policy inquiry begins with a quiz to help better determine who you are, what you need, and how Ladder can best assist you. Unsure of where to begin? Not a problem. Their clean, straight-forward website makes use of short and sweet wording to put the focus on what’s important: your understanding of their process, and getting what you need.

Beyond that, they offer so much more. Painless policies, flexible coverage, and compassionate customer service are all on the table.

In need of some education? Head over to their blog, sign up for their newsletter, and dig into the information and resources that they offer up for free. Ladder doesn’t just want you to be prepared and informed. They make sure that you are by piling on pivotal information on their services, their culture, and their methods of conducting business.

We are thoroughly impressed with everything that they’re doing.

Ladder’s Guide to Life Insurance

Still feeling a little hesitation? Unsure of where to begin, or why life insurance is so important? Ladder has you covered.

Here is some of the information they provide to you: 

●  “What Is Life Insurance.”

●  “What are the different types of life insurance?”

●  “How much life insurance do I need?”

●  “How much does life insurance cost”?

Notice the last entry? Transparency is key, and Ladder has that covered for as long you have coverage through them.

Beyond that, they offer a blog with multiple resources, explanatory guides, and information that helps you better decide the best route to go with life insurance policies.

A Humanitarian Approach to the World

If you’re new to the big, bad world of life insurance, don’t sweat it. Ladder wants you to be informed and offers a range of different ways in which you can further your understanding. For example, their blog section is packed with information to help you figure out how life insurance relates to your situation.

Wondering what’s so “humanitarian” about a company offering insurance? It’s a fair question. That isn’t the term most would apply to this kind of company. However, it stands to reason that they would be interested in helping others. After all, that’s kind of their thing.

Ladder has one article in particular that caught our eye. December 2019, they donated 17,000 Christmas meals to those in need. The best part? Originally, they were only set to donate 250. Obviously, this goal was far exceeded.

Even more impressive, they include several other resources for those looking to learn more. Their newsletter is focused on helping you figure out the confusing world of life insurance policies. This newsletter also allows you to keep up with what Ladder is up to. Their humanitarian approach doesn’t stop at serving those in need during the holiday season.

Curious about hearing more? Check out the article Ladder posted, where one of their Co-Founders, Laura Hale, candidly touches on topics like health, wellness, and where technology ties in. You see, Ladder doesn’t just want to keep you covered. They have a vested interest in making sure you engage with health and wellness. For that reason, she was asked to join a panel of experts in those areas at THE WELL, a fitness club in NYC.

As for their CEO? You can make your own decision there, too. An interview with Jamie Hale was featured in the FNO: Insuretech Podcast. You can hear him discuss in detail what led to the founding of Ladder. In short? He wanted to help real people get what they really need when it comes to life insurance.

Comprehensive COVID-19 Response

We are living in uncertain times. Coronavirus is unprecedented and the world hasn’t faced such a direct, universal threat in a hundred years. There is a distinct lack of certainty that is hanging over all of our heads. Luckily, Ladder gets it. They have a solid grasp on the struggles all of us are facing. It is their mission to make sure that you understand how life insurance coverage can help keep your family safe in case of the worst.

Some of the questions they have answered are as follows:

●  “If a policyholder dies from Coronavirus, will their beneficiary still be paid?”

●  Can ladder still offer policies in the event of prolonged sheltering in place?”

●  “How will in-person lab exams happen while social distancing”

●  “Is Ladder equipped to pay out claims if COVID-19 causes a high number of deaths?”

●  “Does Ladder offer affordable coverage?”

●  “I have questions about my application. What do I do?”

No cloak and dagger to be found here, folks. Just straight-forward, clear information that helps you figure out where they stand on this front. Hint: it’s with you. Ladder is willing and ready to work with you while the world recovers from the deep wounds COVID has caused.

In this new world, nobody is winning, and Ladder understands that. They’re real people who are living through the same life events that may be pushing you to the brink.

You couldn’t ask for more from a company.

Human-Focused, People-First Approach

Looking into their founders’ mission only leads us to love Ladder even more. By this point, you’re familiar with their person-focused approach. Not people, mind you. Person. They understand that you are an individual with individual needs, and this is a company that comes prepared to meet each and every one.

It may feel weird not having an assigned “agent”, but Ladder leaves little room for questions by ensuring each of yours is answered. Their first concern is that their services are built to serve.

You can find ample evidence of this all across their website. Their friendly, easy to navigate website invites you to click around and ensures immediate understanding of their costs and services. On the Ladder newsletter, expect even more in the way of that same clear approach to bettering not only your understanding of life insurance, but your life as a whole.

While you’re there, make sure to scroll all the way down. That’s where you’ll find the masterlist of links on almost any website, and is the easiest place to get where you need to be. Once you’re there, check about the “About Us” and “Blog” pages in particular. You’ll quickly find that no matter who you are, you fit in with the Ladder approach to their business.

Candid culture, efficient approaches, and innovative mindsets combined into a company that offers term life insurance that is built for the modern age. It is, after all, entirely suited to our high-tech lifestyles. Don’t take my word for it – go check out what they have to say for themselves!

Ladder Cost

Everybody has a budget… especially with the average debt for Americans on the rise, college tuition climbing higher by the semester, and the cost of living continuing its upward trajectory. Ladder understands that better than anybody. For this reason, they’re willing to refund your full payment within 30 days if you find that they don’t meet your needs. This is fantastic for a couple of reasons.

First off, you know that they mean business. They’re going to ensure you have an excellent start with them and that you are totally satisfied. Ladder is confident in the service that they can offer.

Second of all, it means that there is no “chance” you’re taking. Not happy? Not a problem.

You’ll find that Ladder is highly competitive compared to the insurance companies of yesteryear. Ladder offers a range of different pricing in their policies to make sure that no matter what, you’re covered at an affordable price point that makes sense for both your budget and lifestyle.

In fact, they even have a calculator to help determine what your premium is going to be before you even begin the application process. It asks a few different questions to figure out your financials:

●  Your mortgage balance

●  Total of debts you owe

●  How many children you have

●  The amount you’d like beneficiaries to receive per year

●  How many years you’d like them to receive payouts

●  Any additional coverage you’d like

●  How much your current life insurance costs

●  How much you’ve been able to put in savings

These questions only further highlight the painless process to get you covered in full, or as much as you might need. To save you the trouble, we entered in the country’s averages into the calculator so that we could give you a full low-down on how much coverage you probably need.

●  Mortgage Balance: $250,000

●  Other Debts: $9,000

●  Children: 2

●  Age of Children: 5yo and 7yo

●  Cost of College for Each: $30,000/year

●  Beneficiary Payout: $13,000 for 2 years

●  Additional Coverage: $10,000

●  Existing Life Insurance Totals: $0

●  Approximate Savings: $40,000

The above will come out to approximately $700k in coverage. Does that sound like a lot? That’s because it is. This calculator is meant to show you how much you need to keep your family comfortable even while they’re mourning.

So, how much does the above coverage cost per month?

While the amount paid monthly will depend on your particular circumstances and needs, Ladder does offer affordable premiums to match virtually any budget. For the same price as a handful of coffee trips, you can help secure a sense of security for the duration of your term. Of course, these numbers may be different for you in particular. Everybody’s situation is different so we encourage you to head over to Ladder to get a quote customized entirely to you.

Bottom Line

It’s no secret that life insurance makes a huge difference when the worst happens… and the worst does tend to happen. This is especially true during a global pandemic.

This is a sometimes morbid topic that forces you to face the ultimate truth we’re always trying to hide from: death happens. Nobody lives forever. When your time comes, you need to make sure you aren’t leaving behind loose ends. Your family will have enough to worry about without mounting debt and seized assets coming into the equation.

Give yourself the gift that is knowing your family’s well-being could be well ensured even after you’re gone. There’s no fluff or pretty half-truths to be found with Ladder. Their website tells you what you need to know, how to get covered, and what you can expect from their coverage.

So, what are you waiting for? Hopefully, not the next pandemic. Head over now and find out if you’re instantly approved.

Ladder Insurance Services, LLC (CA license # OK22568; AR license # 3000140372) distributes term life insurance products issued by multiple insurers – for further details see ladderlife.com.  All insurance products are governed by the terms set forth in the applicable insurance policy.  Each insurer has financial responsibility for its own products.