The insurance you need today may be quite different than what you’ll need five years from now. For this reason, we designed the ability for you to ‘Ladder’ easily: you can apply for more coverage or decrease your coverage, right on your Account.
So, for instance, if your child graduates from college or you pay off your mortgage, you can eliminate the amount of your coverage that was intended to provide for those things and subsequently lower your monthly price. In fact, regularly Laddering your coverage down over the years can save you thousands of dollars. If you’re wondering, whether you need more or less, here's a link to our calculator to help you figure out how much much coverage you need.
If you’re still curious about Laddering, here’s a link to our post, How Ladder’s Dynamic Life Insurance Can Save You Money.
To 'Ladder' your policy:
- Go to your Account Page
- Select View Policy
- Select Decrease Coverage or Increase Coverage