At a glance
- Offers term life insurance nationwide.
- Customers apply for and manage policies directly online.
- Many applicants can qualify without taking a medical exam.
» MORE: Compare life insurance quotesAmid the COVID-19 pandemic, not all companies are accepting new life insurance applications. For the latest information on how to cope with financial stress during this emergency, see NerdWallet’s financial guide to COVID-19.
Ladder is an insurance startup offering term life insurance to people ages 20 to 60. The company launched in California in January 2017 and has since expanded to all other states. In 2018 it announced a partnership with personal finance company SoFi to provide quotes to its users.
Ladder life insurance
Ladder earned 2.5 stars out of 5 for overall performance. NerdWallet’s ratings are determined by our editorial team. The scoring formula takes into account complaint data from the National Association of Insurance Commissioners and financial strength ratings from A.M. Best.
Ladder promotes a streamlined experience, with policies sold and managed online without the use of agents, and instant coverage decisions that allow customers to get insured minutes after applying.
Ladder lets customers decrease their coverage amount when their needs change. (You can also apply for more coverage as needed.)
Ladder policies are issued in New York by Allianz Life Insurance Company of New York and Fidelity Security Life Insurance Co in all other states and D.C. Fidelity isn’t included in NerdWallet’s rankings of life insurance companies because customer satisfaction ratings are unavailable. J.D. Power does not include the insurer in its annual U.S. Life Insurance Study, which measures customer satisfaction.
Consumer complaints: Fewer than the median
Fidelity Security drew no complaints to state regulators in 2019 and Allianz drew fewer than the median number of complaints in New York compared to other companies with similar market share, according to the latest data from the National Association of Insurance Commissioners.
Ladder life insurance details
|Products offered||Term life insurance|
|Term options||10, 15, 20, 25 or 30 years
|Age availability||20 to 60, as of nearest birthday when applying|
|Medical exam required?||Varies by applicant|
|Can be rejected?||Yes|
|Available in||All states|
Methodology: Life insurance ratingsNerdWallet’s life insurance ratings are based on weighted averages of complaint index scores from the National Association of Insurance Commissioners for individual life insurance, and financial strength ratings from A.M. Best, which indicate a company’s ability to pay future claims. To calculate each insurer’s rating, we adjusted the NAIC and A.M. Best 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.