Ladder Life Insurance Review

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Ladder Life Insurance Review

$100K – $8M in term coverage for people ages 20 – 60, starting at $5/month with no hidden fees.

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Ladder Life Insurance Review

Ladder life insurance is a great option for people who are looking for a modern, flexible approach to life insurance. Just like many other modern insurance companies, they have created an online approach that lowers their overhead costs and results in lower payments for customers. Their system is fairly intuitive to use and you get started easily.

Additionally, their laddering system is great for people who have a big need (or want) for flexibility. Their plan allows you to easily switch up your life insurance depending on how your life changes. Ladder Insurance also offers low rates and fairly high death benefit options.

That said, if you’re looking for a life insurance provider that is incredibly thorough and has many different plan options than Ladder Insurance is probably not the right choice for you.

Ladder Life Insurance Review
  • Rates
  • Service
  • Ease
  • Options

Ladder Life Insurance Review

Ladder is a modern and flexible approach to life insurance. Laddering is a tool offered by them that lets you adjust your coverage, up or down, whenever. Ladder life insurance offers an online approach that lowers their overhead costs and results in lower payments for customers.


  • Very cheapLadder advertises that you can get started for as low as $5 per month. While this is probably true for some people, this number likely varies based off of your age and health information.
  • Easy to get started Their process is done entirely online and it’s very straightforward to get started. All you have to do is answer a few questions and then wait a few minutes to see if you qualify for a plan. In rare cases, they might require a health examination. If this is the case then they will send a mobile technician to your home.
  • Laddering  – Ladder’s whole business model is based on the idea of scalability, which makes it very easy for you to ramp coverage up or down depending on your needs.
  • Savings Calculator To help you figure out how laddering your coverage can benefit you, Ladder created a savings calculator. This calculator helps you determine what your potential savings will be over time. All you need to do is plug in your coverage, term, and monthly premium to see how much their “Laddering Down” system could save you. 
  • Completely online – Unless you’re applying for a policy over $3 million then their process is done entirely online. If you’re interested in a policy over $3 million then they will likely require a little bit more information. 


  • No physical locations – Since their business is entirely remote, there are no physical locations for you to visit. If you’re a fan of speaking/meeting with people in real life then this could be a deal-breaker.
  • No guaranteed coverage – Ladder Insurance only writes plans for people between the ages of 20 and 60. While this is a wide range of people, it does exclude people on the lower and upper ends of the spectrum. Even if you fall within this age range, they may still ask for additional health information. Depending on the results of any tests, it’s also a possibility that you are rejected

ladder life insurance review

Ladder Life Insurance Overview

When he was just eleven years old, Jamie Hale, the CEO of Ladder Insurance, lost his dad. During this traumatic experience, Jamie experienced firsthand how important a life insurance policy can be in keeping a family afloat during difficult times. In 2017, he started Ladder Insurance with the goal of helping people get access to life insurance plans that are quick, easy, and affordable.

Ladder Insurance was built on the idea of being able to scale your coverage up or down depending on how your needs change over time. They call this process of scaling your insurance coverage up or down “laddering”. We’ll touch more on what exactly this means in the next section.

Ladder insurance has been featured in major publications such as Fortune, Fast Company, Wall Street Journal, TechCrunch, Marketwatch, and Bloomberg. To underwrite their plans, they partner with Fidelity Security Life Insurance, Allianz Life Insurance Company of New York, and Allianz Life Insurance Company of North America.

Let’s take a detailed look at Ladder Insurance and whether or not it’s right for you.


Ladder Life Insurance Plans

Ladder insurance writes term life insurance plans for people who are between the ages of 20 and 60. Additionally, the term length plus your current age cannot exceed 70 years, For example, if you are 60 years old then you can only apply for a 10-year term plan. Or, if you are 30, then you can only apply for a plan that is 40 years or lower.

Their death benefits start at $100,000 and go up to $8 million, depending on the level of coverage that you’re looking for. 

However, what they lack in plan types, they make up for in scalability. Anyone who signs up for this plan will have the ability to scale their death benefit amount up or down over time. Scaling your death benefit up will increase your monthly payment and scaling your death benefit down will decrease your monthly payment. It is free to scale your death benefit.

Ladder life insurance also allows you to cancel your plan at any time without any penalties or fees. 

Ladder’s Other Products

Ladder’s bread and butter is their flexible life insurance plan that give you the ability to “ladder” your coverage up or down depending on your needs. Outside of this, Ladder does not offer other products.

Quick Info

Ladder Life Insurance

$100K – $8M in term coverage for people ages 20 – 60, starting at $5/month with no hidden fees.


Ladder Financial Inc., P.O. Box 456, Menlo Park, CA 94026


  • Term life insurance


  • Starting at $5/month
  • No hidden fees


  • $100K – $8M in term coverage
  • Age range of 20 – 60 years old.
  • Medical Exam: No

More About Ladder Life Insurance

At Ladder Insurance, they understand that your life is constantly changing. When you first sign up for a policy, you might have just gotten a new house and have a baby on the way. If this is the case, then you’ll probably want to pick a plan that provides maximum coverage. This way you can make sure that your family will be protected in case anything happens.

However, as life goes on you’ll slowly pay down your mortgage, send your kids to college, and check off more of life’s boxes. As this happens, your need to have a massive insurance plan decreases. Ladder helps you out by giving you the ability to scale your monthly payments down as time passes. This saves you money by making sure that you’re not paying for more coverage than you need. 

The good part about this system is that it also works in reverse. Instead of “laddering” your coverage down to save money, you can also “ladder” your coverage up to make sure your needs are met. For example, let’s say that you sign up for a plan when you’re single and renting an apartment.

You don’t have a need for a huge life insurance plan so you just sign up for the cheapest option. However, over the next 5-10 years you have a baby and move into a new house. Since you have more obligations now, you have a need for a more extensive life insurance plan. If this happens then Ladder makes it easy to ladder your coverage up.

The laddering process is free and unique to Ladder. You can read more about Laddering here

On their homepage, Ladder advertises that their plans range from $100k – $8m and they write plans for people ages 20-60.

Ladder Life Insurance Costs

The cost of Ladder life insurance varies depending on your personal situation, profile and the type of policy you want. Ladder needs to consider your age, location, amount of coverage, and lifestyle.

Here is an example cost breakdown: a man in his 30’s can expect to pay somewhere between $20 and $80 a month (or about $1-$2 a day) for $500,000 of coverage and a 20 year term, depending on his health class (“super healthy” to “standard”). 

$500,000$20-80 per month

*Costs can change anytime or may vary depending on your particular situation

Ladder Life Insurance FAQ

How often can you scale coverage?

As often as you’d like! There is no fee or limit on the number of times that you can scale your plan.

Is “laddering” unique to Ladder life insurance?

Yes, no other providers allow you to scale your coverage like Ladder does.

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