Ladder Life Insurance Review
Ladder has its life insurance policies underwritten by some of the biggest companies in the space, giving policyholders good peace of mind. There is a very simple type of life insurance policy in place at Ladder, with no medical exam necessary for most policies.
Ladder Life Insurance Highlights
COVERAGE AMOUNT
$100,000 - $8,000,000
COVERAGE TERM
10, 15, 20, 25, 30 years
MEDICAL EXAM
Not required
BBB RATING
A+
Pros & Cons
- No medical exam (for coverage up to $3m)
- Reputable policy underwriters
- Flexible coverage options
- Coverage ranges between $100,000 and $8 million
- No riders or additional coverage
- Limited states availability
- Only available to customers between the ages of 20 and 60
- Lacks customization options
Policy Types
- Term insurance
Optional Add-Ons
Associated Fees
Ladder does not charge any type of service fee or cancellation fee. Any charges are built into the premium that you will be paying each month. The exact premium you get depends on numerous factors, including medical history and the size of coverage you are getting.
As there is usually no medical exam, the premiums you pay with Ladder tend to often be bigger than what you see with competitors.
State Availability
Available in all states
Privacy & Security
Ladder offers life insurance policies from two top-named insurance companies: Allianz Life Insurance Company of North America and Allianz Life Insurance Company of New York. The latter issues policies specifically in New York, while the former issues policies for all other states and DC.
Allianz Life Insurance Company of North America and Allianz Life Insurance Company of New York both have A+ ratings from AM Best, affirmed in October 2021. These are indicators of strong financial security. Additionally, Ladder upholds customer privacy and security using administrative, physical, and technological safeguards.
Customer Support
The customer support team that works at Ladder is known for being very responsive and helpful no matter what type of issue you are experiencing. There is a dedicated help center that can answer most of the questions you could have about the Ladder life insurance offering.
If your question still needs answering, then you can use the customer support contact options to get an answer. Phone lines are open Monday to Friday during regular working hours. There is also live chat as an option as well as having the ability to send an email.
In Conclusion
Ladder brings a very simple life insurance offering to the market. While there is not going to be much customization that you can do, Ladder offers the basic types of policies without there being need to undergo any sort of medical examination for claims of $3 million or less. This means that you will quickly be able to get coverage.
FAQ
Ladder Disclaimer
Ladder Insurance Services, LLC (CA license # 0K22568; AR license # 3000140372) offers term life insurance policies: (i) in New York, on behalf of Allianz Life Insurance Company of New York, New York, NY (policy form # MN-26); and (ii) in all other states and the District of Columbia on behalf of Allianz Life Insurance Company of North America, Minneapolis, MN (policy form # ICC20P-AZ100 and # P-AZ100). Only Allianz Life Insurance Company of New York is authorized to issue life insurance in the state of New York. Insurance policy prices, coverages, features, terms, benefits, exclusions, limitations and available discounts vary between these insurers and are subject to qualifications. Each insurer is solely responsible for any claims and has financial responsibility for its own products.
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