Advertiser Disclosure
This website is an informative comparison site that aims to offer its users find helpful information regarding the products and offers that will be suitable for their needs. We are able to maintain a free, high-quality service by receiving advertising fees from the brands and service providers we review on this website. These advertising fees, combined with our criteria and methodology, such as the conversion rates, our team of reviewer's finding and subjective experience and product popularity, impact the placement and position of the brands within the comparison table. In the event rating or scoring are assigned by us, they are based on the position in the comparison table. See our How we Rate page and Terms of Use for information. The reviews, rating and scoring are provided “as-is” without guaranties or warranties regarding the information contained in our website, which shall not be considered as endorsement. We make the best efforts to keep the information up-to-date, however, an offer’s terms might change at any time. We do not compare or include all service providers, brands and offers available in the market.

Fabric

Sarah Pritzker Sarah Pritzker Last update:
Coverage Amount
$100K - $5M
Insurance Term
10-20 Years
Medical Exam Required?
No

Founded in 2015, Fabric has created an easier way for people to get life insurance. The online application only takes about 10 minutes to complete, and coverage options span the spectrum from $100k all the way up to $5M. Fabric offers term life insurance policies backed by antis, part of the reputable Penn Mutual Company and qualified applicants can skip the medical exam.

But what really makes Fabric unique is its additional services that offered alongside your life insurance to help get your affairs in order and keep things nice and organized. Things like estate planning, creating your will, and organizing your finances with tools that Fabric offers for free. And once you’ve started using them, you’ll be glad they did.

Fabric Services & Terms

Policy types Term life insurance
Coverage amount $100,000 – $5,000,000
Terms 10 – 20 years
Life Insurance Rating
  • A+ A.M. Best rating
  • A+ BBB rating
Good for Busy parents, wide range of coverage amounts and options
View Rates

Who is Fabric Good For?

Fabric was designed for parents and others who are looking to support their family or take care of their expenses after they’re gone. It’s also a very good option for anyone who hasn’t really taken the time to create a will, arrange their finances, and ensure that their affairs are in order.

  • Large death benefits
  • Finance management
  • Will creation
  • Easy mobile or web app management
  • Term life insurance

Features

  • Multiple policy options
  • High coverage limits
  • Online application
  • Possibility for no medical exam
  • Option to convert term to whole
  • Will creation tool included
  • Finance management included in their app
  • Great mobile app
  • Trusted insurance company backing
  • Short, 10-year term policies available
View Rates

Fabric video

Application Process

Fabric has an online application process , which makes it easier to apply. Here’s how that works:

  

  • To begin the application process, just visit the Fabric website on your mobile device or computer. You can also download the app. Then, you’ll have to fill out the application form.
  • This first step will ask you a series of basic questions, like whether you have kids younger than 18, if you have a mortgage, and if you have any debts.
  • Fabric will recommend if you need life insurance or a will based on your answers.

  

  • Next, you’ll need to answer a more detailed questionnaire that asks specific questions about your policy, your health, and your lifestyle, like where do you live, have you piloted an aircraft recently, and do you participate in extreme sports like heli-skiing. There’s a convenient progress bar at the top that tells you how much longer you’ve got to complete the application. There are a lot of health questions, so be prepared to spend several minutes on this second step.

  

  • E-sign the application, and wait for Fabric to be in touch. This might be right away, there might be an automatic offer on the website, or you may need to wait for an underwriter to contact you.

If Fabric decides it’s necessary, you’ll be contacted for more detailed information. If a medical exam is required:

  • You’ll receive a phone call or email to set up the medical exam. Fabric manages this step of the process really well, offering flexible time slots (even at odd hours of the day or night), and they’ll even send the examiner straight to your home so that you don’t have to leave the house.
  • A medical professional will ask you some questions about your medical history, take your blood pressure, and may require a blood sample.
  • Fabric will review your files and if you qualify, send you an offer based on your results.
View Rates

Policy Types, Terms & Requirements

Fabric sells term life insurance policies that range from 10, 15, and 20-year options. You can also choose the amount of coverage you want, starting from $100,000. Fabric has an incredibly high max coverage amount, $5 million. So, there’s a lot of flexibility within these term insurance policies to cover most people’s needs.

In addition, Fabric term insurance policies can be converted to whole life insurance policies without having to go through another detailed application process.

Premiums range depending on a number of factors, including your age, gender, lifestyle, coverage amount, and term length. So, it’s tough to provide an estimate of how much Fabric costs.

Life Insurance Requirements

To apply for term life insurance from Fabric, you’ll need the following items:

  • Details about your personal situation and health
  • Driver’s license number (if you have one)
  • Your social security number

Life insurance Terms

  • 10 years
  • 15 years
  • 20 years
  • Term life insurance

Privacy & Security

Fabric’s life insurance policies are all issued by Vantis Life, a Penn Mutual company. Penn Mutual is one of the largest life insurance policy providers in the country. It was established more than 150 years ago, and, like Vantis, and has a Superior A+ rating from AM Best. Information is all stored on secure servers and encrypted for security.

Customer Support

Fabric is a customer-centric business, which is why it’s surprising that it doesn’t have more customer support options. It does have the important one, live chat, which is good. Fabric also offers email support.

support@meetfabric.com

Support Hours:

9:00 AM EST to 6:00 PM EST

Monday through Friday

Online application Yes
Medical exam Sometimes
Online exam results No
Credit card payments Yes
Policy delivery method Online
Online policy management Yes

Final Thoughts

Fabric is disrupting the life insurance industry. With an easy online application, friendly customer support, and flexible policy options, Fabric makes it easier to apply for your policy, and is more approachable in general. Fabric also includes useful services within its app like will creation and financial management. Parents or others looking to take care of their family would do well to check out Fabric.

Address

Fabric

20 Jay St Ste. 438

Brooklyn, NY 11201

View Rates
Disclosure
This website is an informative comparison site that aims to offer its users find helpful information regarding the products and offers that will be suitable for their needs. We are able to maintain a free, high-quality service by receiving advertising fees from the brands and service providers we review on this website. These advertising fees, combined with our criteria and methodology, such as the conversion rates, our team of reviewer's finding and subjective experience and product popularity, impact the placement and position of the brands within the comparison table. In the event rating or scoring are assigned by us, they are based on the position in the comparison table. See our How we Rate page and Terms of Use for information. The reviews, rating and scoring are provided “as-is” without guaranties or warranties regarding the information contained in our website, which shall not be considered as endorsement. We make the best efforts to keep the information up-to-date, however, an offer’s terms might change at any time. We do not compare or include all service providers, brands and offers available in the market.
Sarah Pritzker Sarah Pritzker
Sarah Pritzker loves researching - and then sharing - all the info she can get her hand on in the world of finance. Whether it's comparing credit cards, contrasting life insurance policies, staking out investment opportunities, or investigating fraud, Sarah's got her finger on the pulse of the finance moment.
This review is based on the writer's personal opinion.