The insurance you need today might be quite different than the insurance you need five years from now. That's why Ladder gives you the ability to adjust your coverage at any time within your Account page.

Decreasing coverage, or Laddering down

As your child grows up or you pay down your mortgage, you might find yourself needing less life insurance coverage. With Ladder, you can decrease your coverage and lower your monthly premium. Here's how to get started:

1. Sign in to your Ladder account
2. Select Policy
3. Select Reduce coverage in the Policy details box
4. Use the slider to adjust your desired coverage and review your new monthly premium
5. Follow the prompts to finalize your adjusted coverage and monthly premium

Increasing coverage, or Laddering up

If you need a larger policy, you can increase your coverage with Ladder. When you Ladder up, you apply to add a new policy to your coverage.

1. Sign in to your Ladder account
2. Select Policy
3. Select Add a policy in the Add more coverage box
4. Select your desired coverage amount and term length and review your quote estimate
5. Select Next to start a new application with your pre-filled information and submit
6. In some cases, you can get approved instantly and start your new policy immediately. In other cases, we might need more time to underwrite your application. We'll notify you of our decision as soon as we can