The Detailed Ladder Life Insurance Review You Need to Read

Want to learn more about Ladder? This guide provides coverage options, pros and cons, and FAQs about life insurance coverage offered through Ladder.
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Detailed Ladder Life Insurance Review

Written by Brian Greenberg
CEO / Founder & Licensed Insurance Agent

Last updated: May 3rd, 2023

Reviewed by Grant Desselle
Licensed Insurance Agent


Ladder is an insurance services provider offering term life insurance products for people ages 20 to 60 years old and are permanent residents of the U.S. for at least two years. Founded in 2015, the company has its headquarters in California but has operations to cover all 50 U.S. states and Washington D.C.

In 2020, Ladder partnered with SoFi, a personal finance firm, and NetLaw, a legal document platform, to enable SoFi members to create wills free of charge. In October 2021, the company announced that it successfully raised $100 million in equity funding through a Series D funding round, effectively valuing Ladder at $900 million.

Many of the Ladder life insurance reviews online are positive, with policyholders saying that they like the straightforward and easy-to-use online platform. Those who left negative Ladder life insurance reviews did not like that they cannot add riders to their policies. Pricing starts at $5 per month.

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Coverage Options

Ladder offers life insurance products online, and those interested may apply for coverage without needing to go through agents. Applicants are able to get instant coverage decisions within minutes after they apply. Policies are issued by multiple insurers.
Policy term lengths available through Ladder are 10, 15, 20, 25, and 30 years, depending on the applicant’s age. Applications for coverage up to $3 million can be accomplished online without having to take a medical exam ((just health questions are asked as part of the online application), and policyholders may opt to adjust their coverage amounts online later on as their needs change.

Pros and Cons of Ladder

Here are the pros and cons of having an insurance policy through Ladder to help you decide whether or not to apply.


  • Quick and easy online application process
  • High coverage limit with no medical exam (up to $3 million)
  • Adjust coverage online anytime and as often as you wish,
    as your needs change
  • Option to extend coverage after the initial term expires
  • Option to renew your policy every year for up to 5 years
  • Has a free mobile app for convenience


  • Available only to people ages 20 to 60 years
  • Cannot choose a term that provides coverage beyond 70 years old
  • Offers term life insurance policies only; no riders to customize coverage

Ladder Reviews & Ratings

Is Ladder life insurance good? We found a mix of positive and negative reviews about its products from various online sources. Let’s take a look at what most people say below.

Positive Ladder Reviews

Those who gave positive Ladder life insurance reviews liked that they can easily adjust their coverage online as needed, while others said that not needing to undergo medical exams for coverage of up to $3 million is convenient. They also appreciate that policies may be canceled at any time without paying cancellation charges.

Negative Ladder Reviews

Those who gave negative Ladder life insurance reviews wished that the company offered riders to their policies, while others hoped that it extended coverage to beyond 70 years old.

Ladder Frequently Asked Questions (FAQs)

Here are some FAQs about Ladder’s products and services.

Does Ladder pay out?

Yes, in the event of the insured’s death within the term, the beneficiary(s) of the policy will receive the death benefit in one lump sum. There are circumstances under which a claim may not be paid, such as fraud or death by suicide within the first two years.

Is Ladder available in all U.S. states?

Yes, life insurance through Ladder are available in all U.S. states.

Does Ladder offer supplementary coverage?

No, it does not offer supplementary policies. Ladder offers term life insurance only, with no riders.

Is the Ladder life insurance application process fully online?

Yes, Ladder’s application and policy management capabilities are all online. It takes only around 5 minutes to apply via Ladder’s website, and applicants may receive an approval, a rejection, or a request for more information within minutes. For coverage over $3 million, a medical exam is required. However, it can be done in the comfort of one’s home or place of work, whichever is prefered

Who is Ladder life insurance best for?

Ladder is a modern-day provider that is best for those who want a digital experience in obtaining and managing their life insurance policies.

Visit Ladder to get a free life insurance quote today or browse the Insurancy website to learn more about other life insurance providers.

Ladder Life Insurance Alternatives
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Ladder Insurance Services, LLC (CA license # OK22568; AR license # 3000140372) distributes term life insurance products issued by multiple insurers – for further details see All insurance products are governed by the terms set forth in the applicable insurance policy. Each insurer has financial responsibility for its own products. Coverage amounts vary by state.

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