Ladder provides the most simple, straightforward, and affordable type of life insurance to our customers: term life insurance. The “term” is the length of coverage. You can choose a 10, 15, 20, 25, or 30 year term. If you pass away during the term, your beneficiaries will receive the payout benefit. There are no policy, cancellation, or processing fees, and you can cancel at any time.

Another main type of life insurance is called whole life, which is a bundled insurance/investment product. Ladder doesn’t offer whole life insurance. It can be more complex than term life insurance and a lot more expensive. Whole life insurance provides lifelong coverage instead of coverage for a pre-set term. Prices are significantly higher than term rates; in fact, whole life policies can be many multiples of the cost of a term policy. Part of that higher price for whole life coverage is invested on your behalf by the insurance company for a fee.

We believe it is better to buy the more affordable term insurance and then invest the savings in cost yourself. You can earn higher returns (dividends, interest, and appreciation)—all with complete access to your own savings the whole time.