Fabric by Gerber Life Will Review 2023: Pricing, Features
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Fabric by Gerber Life offers a free online will template, making it an appealing choice for people looking for low-cost estate planning options. The platform is geared specifically for families with young children, though anyone can use the service.
Fabric’s template features estate planning decisions that new families are likely to prioritize, such as naming a guardian for minor children, appointing beneficiaries and making final arrangements. But you may want to consider more customized estate planning options if your assets are complex.
» Looking for more options? Check out other top online will makers
Fabric’s will template isn’t specific to any state, so you’ll need to check to make sure the will complies with your state’s laws and you'll likely need to get it witnessed or notarized. Its website has instructions for making your will legally binding in your state.
While Fabric offers free will templates, the company makes money by selling life insurance. It offers insurance policies as add-ons.
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|---|---|---|
Price (one-time)One-time fee of $159 per individual or $259 for couples. | Price (one-time)None | Price (one-time)$89 for Basic will plan, $99 for Comprehensive will plan, $249 for Estate Plan Bundle. |
Price (annual)$19 annual membership fee. | Price (annual)$99 to $209 per year. | Price (annual)None |
Access to attorney supportNo | Access to attorney supportNo | Access to attorney supportYes |
Fees Varies by Advisor (free initial consultation) | Fees $2,400 and up per year (free initial consultation) | Fees 0.30% management fee |
Account minimum $150,000 | Account minimum $0 | Account minimum $50,000 |
Promotion 3-Month Satisfaction Guarantee | Promotion Get $300 reward into Facet brokerage account for new members who transfer at least $5,000 within the first 90 days of their Facet membership.* | Promotion None no promotion available at this time |
AD Paid non-client promotion | AD Paid non-client promotion | AD Paid non-client promotion |
