The insurance you need today may be quite different than what you’ll need five years from now. For this reason, we designed our process to give you the ability to “Ladder down” with a few clicks on your Account, or you can easily “Ladder up” by applying for more on your Account page.
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 Policy
- Select Decrease Coverage or Increase Coverage