Maybe you’ve thought about getting life insurance, but it seems like an intimidating, time-consuming and expensive process.
Just tune out all the noise and focus on one fact you should know: It probably won’t take as long — or cost as much — as you think.
Check out this stat: Nearly half of millennials overestimate the cost of life insurance by about five times the actual amount, according to a 2018 Life Insurance and Market Research Association study.
The fact is term life insurance policies can start at only $12 per month with no medical exams or blood tests if you get one through a company called Ladder. That costs less than a venti caramel Frappuccino at Starbucks.
And if you’re looking to get a lot of life insurance, you should know that $1 million worth of coverage can cost as little as $1 per day.
That’s the price a healthy 32-year-old woman would pay. Even if you’re not a healthy 32-year-old woman, you might be surprised by how low your premiums could be.
What’s really unique is that you are not stuck with the same price or coverage forever. You are free to change the amount of coverage you need up or down (they call it laddering) depending on what you need over the duration of your policy which also results in higher or lower monthly payments. So as life happens – mortgage, kids etc – you adapt your life insurance coverage and cost to fit your needs. Pay for what you need but nothing more. We like that.
Get up to $8M of Life Insurance
If you’re under the age of 50 and want to get a fast life insurance quote without getting up from the couch, check out LadderLife. The company is built around 2 concepts — help you get the term life insurance policy you want through a simple online application and flexiblity in changing the coverage you need whenever you want thus increasing/decreasing your monthly premiums!
It takes minutes to answer some basic lifestyle questions: Are you a smoker? Do you scuba dive, rock climb or race cars? Any criminal convictions or medical diagnoses? You’ll also need your Social Security number and a driver’s license or I.D. to verify you are who you say you are, plus contact info for your beneficiary.
You can get quotes and apply for coverage without taking a medical exam which saves a lot of time. If you’re approved, you can further personalize your coverage to fit your budget.
Ladder offers life insurance plans with 10, 15, 20, 25 and 30 year terms. The amount of coverage ranges from $100,000 to $8 million. It’s easy to find something that fits your budget.
Ladder is available in every U.S. state.