At Ladder, we value flexibility and recognize that sometimes it’s helpful to see a few options before making a final decision about your policy. That’s why we made it possible for you to adjust your offer (both term length and face amount) before you accept and start coverage. We call it “post-offer-coverage-adjustment,” or POCA, for short.
For example, if you applied for a 20-year, $1 million policy and are curious how much a policy with a different duration or lower coverage amount might cost, you can see the premiums for a 20-year, $750,000, or $500,000, or $250,000 policies. In fact, you can see your options for every combination between $100,000 and the amount you applied for along with each term length for which you are eligible. If you like a different combination, you can select that instead. The prices you see are fully underwritten prices and aren’t subject to change.
Here’s how you can adjust your offer:
- Go to your Account page
- Select View Offer
- Select Change details
- Adjust the coverage amount and/or term
- Select Confirm changes
If you’re still thinking about the term length and the amount of coverage you might want, here are two articles that might be helpful -- How much coverage should I get? and What term length is right for me?