Fabric Insurance Review 2017

Insurance, Life Insurance

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Fabric Insurance at a glance

  • Offers instant accidental death insurance online
  • Buyers can upgrade accidental death policies to 20-year term life policies
  • Term life application requires a medical exam


Launched in March 2017, Fabric sells accidental death insurance and term life insurance policies online to people ages 25 to 50, marketed to new and expecting parents. The policies are issued by Vantis Life Insurance Co. Policies sold by Fabric Insurance are available in 39 states and the District of Columbia.

Financial Strength: A (“Excellent”)

The financial strength of Vantis Life Insurance Co., which issues Fabric policies, is excellent, according to ratings firm A.M. Best. Financial strength indicates an insurance company’s ability to pay claims.


Compared to other companies with its market share, Vantis drew fewer than the median number of complaints about life insurance to state regulators in 2016, according to the National Association of Insurance Commissioners.

Life insurance complaints

5 stars

More about Fabric

Fabric Insurance has no agents and sells only online. It takes a different tack from most companies by offering accidental death insurance as a starter policy. Buyers then can upgrade to term life insurance after purchasing accidental death coverage.

The website makes everything look simple. But make sure you understand what you’re buying.

To purchase coverage on Fabric, you sign up first for Fabric Instant, an accidental death policy. Accidental death insurance pays out only if the insured person dies in an accident, not from any other cause, such as cancer. You can keep the accidental death policy as long as you continue paying for it until age 60, or until you buy Fabric’s term life policy.

Fabric’s accidental death insurance prices

Yearly pricePayout to beneficiary if you die in an accident

The company says it starts buyers out with Fabric Instant because accidents pose the single greatest risk of death for people ages 25 to 44. However, accidents don’t cause more deaths than all other causes put together.

And while many accidental death policies on the market include coverage for dismemberment, such as the loss of a limb or eyesight, Fabric’s accidental death policies do not.

Buying Fabric Instant takes only about a couple of minutes online. No health information is required.

» MORE: Term life insurance vs. accidental death & dismemberment

Fabric’s term life insurance

You can apply to upgrade the accident policy to “Fabric Premium,” a 20-year term life policy, immediately or years after buying the accidental death coverage.

A few fast facts about Fabric Premium term life:

  • Offers a 20-year term
  • Up to $5 million in term life insurance is available
  • A medical exam is required. You make an appointment through the website’s online appointment schedule.
  • If approved, the policy is available to purchase about six days after the medical exam
  • If you upgrade to term life, the accidental death policy is canceled
  • The term life policy can be converted to whole life insurance

You have to buy the accidental death coverage before you can upgrade to term life. But you can get an idea of Fabric’s term life pricing before making any payments.

A preliminary term life quote is available when you select but before you pay for an accidental death policy from Fabric. A final term life price is set after the application and medical exam results are reviewed. The company says the term life coverage is usually a few dollars a month more than the accidental death coverage. It may be less expensive if you’re healthy.

Term life insurance quotes are also easily available online from many companies.

» COMPARE: Life insurance quotes