Shuman Roy is an entrepreneur, business owner, and musician. He started RoysNoys, LLC in 2013 as a music production and education service company. He also offers small business consulting and advisory services to help businesses get from start-up mode to turn-key operations. Shuman earned his M.B.A from the Stern School of Business in 2001 and has an undergraduate degree from Manhattan College in ...

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Joel Ohman is the CEO of a private equity-backed digital media company. He is a CERTIFIED FINANCIAL PLANNER™, author, angel investor, and serial entrepreneur who loves creating new things, whether books or businesses. He has also previously served as the founder and resident CFP® of a national insurance agency, Real Time Health Quotes. He has an MBA from the University of South Florida. Joel...

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Reviewed by Joel Ohman
Founder, CFP®

UPDATED: Mar 25, 2021

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Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider. Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.

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The Truth in a Nutshell

  • Ladder life insurance provides term life insurance policies offering up to $8 million in coverage
  • You can pay as low as $10 per month for Ladder life insurance
  • Ladder Financial doesn’t have an A.M. Best rating
  • Allianz Life Insurance Company and Fidelity Security Life Insurance Company underwrite Ladder life insurance policies
  • Ladder life insurance company is also known as Ladder Financial

Ladder Life Insurance Company (also known as Ladder Financial) provides term life insurance online, but it doesn’t offer exclusive policies.

So how does life insurance work at Ladder?

Our Ladder life insurance guide explores Ladder life insurance rates, what products are available, who underwrites for Ladder, and other important information that can help you decide whether or not the company is for you.

But why stop at Ladder life insurance quotes? Compare the best insurance companies in your local area by entering your ZIP code in the free comparison tool above.

What is Ladder Life Insurance?

Ladder Financial climbed its way into the insurance market in 2015 and started a partnership with Allianz Life Insurance Company and Fidelity Security Life Company.

Ladder insurance is available in all 50 states and Washington D.C. and provides term life insurance for people who are 20 to 60 years old.

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What products are available at Ladder Life Insurance Company?

Ladder Financial itself doesn’t write life insurance policies. It only provides term life insurance policies that are underwritten by Allianz and Fidelity Security Life – two of the top-rated insurance companies in the United States.

You can get 10-year to 30-year term life policies and up to $8 million in death benefits.

What are death benefits? Death benefits are the coverage amount that’s issued to the beneficiary after you pass away.

For the moment, Ladder Financial does not provide permanent life insurance. Therefore, you’ll need to go directly to Allianz or Fidelity Security Life for more life insurance options.

Three Things You Should Know About Ladder Life Insurance

Before you buy Ladder life insurance, examine these three points about the company:

  • You have to qualify for no medical exam life insurance
  • Ladder Financial is an insure-tech company
  • You can’t file claims on https://www.ladderlife.com/

Insure-tech companies like Ladder Financial connect you to their partners. It’s similar to how GEICO connects its customers to other life insurance companies.

How much is Ladder life insurance?

Since Ladder life insurance quotes are based on the underwriting companies, it’s challenging to find an actual cost. However, we found some sample Ladder life insurance rates. Let’s review them below.

Ladder Life Insurance Monthly Rates by Death Benefits for a 35-Year-Old with a 20-year Term Life Policy
Death Benefits Monthly Ladder Life Insurance Rates
$250K Death Benefit$15
$500K Death Benefit$18
$1 Million Death Benefit$30
$2 Million Death Benefit$54
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Term life insurance is probably the most cost-efficient life insurance you can get. However, your life insurance rates depend on age, health, lifestyle, and death benefits.

Overall, younger and more healthy policyholders with lower death benefits will pay the least for life insurance. Meanwhile, policyholders who smoke and are around 50 to 60 spend more.

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Is Ladder Life Insurance Company a good provider?

Ladder Financial works specifically with Allianz Life Insurance and Fidelity Security Life Insurance, two companies with A.M. Best ratings of “A” or above.

Ladder Financial itself doesn’t have any A.M. Best ratings.

Both companies also have reliable customer satisfaction reviews. Although Allianz and Fidelity Security didn’t make J.D. Power’s top life insurance list, Allianz Life Insurance Company qualified as one of the leading companies for annuities.

Advantages and Disadvantages

Let’s look at some details that highlight some of Ladder Financial’s pros and cons.

  • Ladder Life Insurance Pros
    • Straight-forward application process
    • No medical exam life insurance option
    • Higher than average coverage limits
  • Ladder Life Insurance Cons
    • No riders available
    • You must qualify for no exam life insurance
    • You can’t get permanent life insurance

Did we miss something? Think about the benefits and pitfalls you may have noticed and let it guide you to the next step.

How do you cancel Ladder life insurance policies?

One of the most common consumer complaints about insure-tech companies is you can’t cancel policies through them.

You may have used Ladder Financial’s services to get life insurance, but you can’t contact Ladder Life customer service to cancel your term life policy.

You’ll need to cancel your life insurance from one of the two companies Ladder has connected you to.

The best way to cancel your life insurance policy is by calling the company that has your policy and let them know you want to cancel.

Ladder Life Insurance: The Bottom Line

Ladder Financial doesn’t exclusively sell life insurance, so your options will be limited. You’ll find affordable Ladder life insurance costs for younger policyholders. However, older policyholders pay higher rates.

Whole life insurance and universal life insurance are out of the question. If you want an in-depth term life policy or permanent life insurance, you’ll need to go to Allianz or Fidelity.

Not sure if Ladder Life is for you? Enter your ZIP code in our free online quote tool below to compare multiple companies in your local area.