Fabric Life Insurance Review 2022

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Fabric Life Insurance
NerdWallet rating 

Bottom line: Backed by a major insurer, this online-only platform makes it easy to apply for life insurance without a medical exam.

Policies offered: Term.

Financial strength: Exceptional.

Complaints: Far fewer than expected.

Buy online? Yes.

Launched in 2017, Fabric sells term life and accidental death insurance via its site and mobile app. Its policies are issued by Vantis Life, a subsidiary of Penn Mutual.

Fabric’s application process is simple, taking as little as 10 minutes to complete. You can choose from a wide range of term lengths and buy a large amount of coverage without the need for a medical exam.

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Fabric life insurance


NerdWallet rating 

Fabric earned 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.

Based on these ratings, Fabric is among NerdWallet’s Best Life Insurance Companies.

Fabric life insurance pros and cons



Simple online and mobile application process.

Not available in every state.

1% of death benefit coverage amount donated to a charity of the policyholder’s choice.

Sells no-exam policies worth up to $1.5 million.

Fabric life insurance policies

Fabric has a streamlined offering, focusing on two types of policies.

Term life insurance. Fabric sells term life insurance lasting 10, 15, 20, 25 or 30 years to people between 21 and 60 years old. You can buy a policy worth $100,000 to $5 million if you’re willing to take a medical exam, or up to $1.5 million without an exam. Either way, you’ll need to fill out a health and lifestyle questionnaire to apply.

The policy includes an accelerated death benefit rider and allows you to convert to a permanent policy after you turn 65. It’s available in all states but Montana and New York.

If you die while your policy is still in force, Vantis Life will donate 1% of the value of your policy (up to $100,000) to charity.

Thanks to these policy features, Fabric made our list of the best instant life insurance companies for 2022.

Accidental death insurance. This policy pays out if you die in an accident, and not from any other cause (such as illness). It’s open to people ages 25 to 50, and you can choose from three coverage amounts: $100,000, $250,000 or $500,000. The application is fully online. Fabric doesn’t sell accidental death insurance in Colorado, Massachusetts, Montana, New York, North Dakota, Pennsylvania, Virginia and Washington.

Fabric customer complaints and satisfaction

Over three years, Vantis Life — the company that issues Fabric’s policies — drew fewer than the expected number of complaints to state regulators for a company of its size, according to NerdWallet’s analysis of data from the National Association of Insurance Commissioners.

More about Fabric life insurance

You can apply for a policy and manage your account through Fabric’s website or mobile app.

Fabric’s app, which is compatible with Apple and Android devices, has several added value features. You can use it to create a free will, open a savings account or 529 college savings plan, and sync finances with your partner or spouse, including 401(k) retirement accounts.

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How we review life insurance companies

In our life insurance reviews, our editorial team considers both the customer and the insurer. These are some of the factors we take into account:

Policies offered. There are many types of life insurance on the market, and they fall into three key categories:

  • Term life insurance offers temporary coverage and a guaranteed payout if the policyholder dies during the term.

  • Permanent life insurance typically lasts a lifetime and builds cash value that can be borrowed against in the future.

  • No-exam life insurance issues coverage without the need for a medical exam.

Financial strength. We use A.M. Best ratings to confirm an insurer’s long-term financial stability and ability to pay claims. NerdWallet does not recommend companies with a rating lower than a B. Here’s the breakdown:

  • Exceptional: A+, A++

  • Strong: A, A-

  • Moderate: B+, B

Complaints. These ratings are based on complaints to state regulators relative to a company’s size, according to three years’ worth of data from the National Association of Insurance Commissioners. The best life insurance companies have fewer than the expected number of complaints.

Buy online. This indicates whether an insurer allows you to apply for and buy a policy completely online.

Life insurance buying guide

Before you start comparing companies, choose the type of life insurance you want, such as term or whole life. Decide which life insurance riders, if any, you want the policy to include. Calculate how much life insurance you need and how long you want the coverage to last. Check that the insurers you’re considering offer the coverage you’re looking for.

When comparing rates, be sure the quotes are for the same amount of coverage over the same period of time. It’s also important to make sure the policy’s medical requirements match your needs. For example, if you want to skip the life insurance medical exam but don’t mind answering health questions, confirm that the application process for each policy you're comparing aligns with that.

Price may not be the biggest driver behind your decision to buy. Look at the number of consumer complaints each company receives, as high numbers can be a red flag about the quality of service.

For more guidance, see our life insurance buying guide.

Life insurance ratings methodology

NerdWallet’s life insurance ratings are based on consumer experience, complaint index scores from the National Association of Insurance Commissioners for individual life insurance, and weighted averages of financial strength ratings, which indicate a company’s ability to pay future claims. Within the consumer experience category, we consider ease of communication and website transparency, which looks at the depth of policy details available online. To calculate each insurer’s rating, we adjusted the scores to a curved 5-point scale.

These ratings are a guide, but we encourage you to shop around and compare several insurance quotes to find the best rate for you. NerdWallet does not receive compensation for any reviews. Read our editorial guidelines.

Insurer complaints methodology

NerdWallet examined complaints received by state insurance regulators and reported to the National Association of Insurance Commissioners in 2018-2020. To assess how insurers compare to one another, the NAIC calculates a complaint index each year for each subsidiary, measuring its share of total complaints relative to its size, or share of total premiums in the industry. To evaluate a company’s complaint history, NerdWallet calculated a similar index for each insurer, weighted by market shares of each subsidiary, over the three-year period. NerdWallet conducts its data analysis and reaches conclusions independently and without the endorsement of the NAIC. Ratios are determined separately for auto, home (including renters and condo) and life insurance.

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