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October 2, 2021 | 2 Minute Read
Ladder takes its name from the concept of “laddering” your term life insurance coverage, up or down, as your needs change. The agency’s online platform makes it easy to “ladder up” by applying to increase your death benefit when your needs increase. As your needs diminish, you can “ladder down” to save money on premiums. Its policies are issued by Allianz Life.
Convenient online application and coverage management platform
System designed to accommodate coverage changes
No commissioned sales agents on staff
Coverage ends at age 70
Permanent life not available
Ladder’s term lengths and benefit amounts allow you to build flexibility into your life insurance coverage.
Ladder emphasizes speed, ease and affordability. The online application takes minutes to complete. If you don’t qualify for immediate coverage, you might need to provide your medical records or undergo a medical exam for additional review, which could take a few days or weeks.
After the underwriters determine your eligibility and rates, you can adjust your benefit amount or term length before you activate your policy. The online account management system makes it easy to adjust, or ladder, your benefit amount.
Ladder specializes in term life with policy lengths of 10, 15, 20, 25 and 30 years. Its platform is designed to let you adjust, or ladder, your benefit amount while your coverage is in place.
Ladder uses HIPAA-compliant networks to access your medical records when necessary for underwriting. The company has a 4.8 (excellent) TrustScore from Trustpilot. Ladder’s policies are issued by Allianz Life Insurance Company of New York (in New York state) and Allianz Life Insurance Company of North America (in all other states and the District of Columbia). Both entities have an A+ rating from AM Best.