Currently, we do not offer life insurance policies that cover multiple individuals such as joint or family policies. Ladder offers term life insurance policies for individuals between the ages of 20 and 60. We find that an individual policy makes the most sense for our customers.

Since a joint life policy covers more than one person, the underwriting also takes into account the health of all insured parties which may cause you to pay more than you would for a single policy in the long run. Joint policies also rely on the relationship itself so if there’s a change in the relationship such as divorce or separation, that could have an impact on the policy and could become a burden. With joint life policies, there are many “what ifs” to consider and these “what ifs” increase in complexity the more parties there are involved in a policy.

Life insurance should be simple. An individual policy will provide you with the coverage you need when you need it most, and with the least complications.