Ladder Life Review: Design a Laddered Approach to Your Life Insurance

(Editor Rating)



Ladder Life provides affordable, flexible term life insurance and years of crucial coverage through an easy online process. Is it right for you?

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Policy Options


Ease of Use




  • Flexible term life insurance
  • Easy online sign up
  • No fees for changing policies as your life changes

Editor's note - You can trust the integrity of our balanced, independent financial advice. We may, however, receive compensation from the issuers of some products mentioned in this article. Opinions are the author's alone, and this content has not been provided by, reviewed, approved or endorsed by any advertiser.
Buying life insurance can be tricky. It’s always smart to buy coverage in your earlier years, while you’re still healthy and young. However, it’s hard to know exactly how much life insurance coverage you will need five, 10, or even 15 years down the line.

Ladder Life offers a unique approach to buying a life insurance policy. Rather than trying to predict the future–or your family’s needs two or three decades from now–you can simply change your coverage as needed. A term policy through Ladder can be increased or decreased over the years, allowing you to add more coverage when you need it or reduce coverage when you don’t.

Let’s take a look at what Ladder Life’s flexible coverage offers, and how laddering your own term policy can help better manage your changing needs.

About Ladder Life

A newer company in the life insurance sphere, Ladder Life was only founded in 2015. They have since introduced a product structure that makes life insurance more accessible and easier to manage for all, however.

Their purpose? To offer affordable and straightforward term coverage that is flexible, without fees or penalties. With a Ladder Life policy, you can lock in great insurance rates today while also knowing that you can make changes to this policy later if you get married, have children, buy a home, etc.

Ladder Life is available in all 50 states and the District of Columbia. Policies are underwritten by Fidelity Security Life Insurance Company, except in NY where they are underwritten by Allianz Life Insurance Company of New York.

Related: Why Term Life Insurance is the Smart Life Insurance


As the name implies, Ladder Life helps you design a laddered approach to your life insurance with an easy term policy. This gives you the peace of mind of more coverage during certain phases of life–such as when your children are young or you’re paying down the mortgage on your family home–and less coverage during others.

At Ladder, you can build a term policy with anywhere from $100,000 to $8,000,000 in coverage. New customers may range from 20 to 60 years old, and policy terms are available from 10 to 30 years in length. It’s important to note, though, that coverage cannot exceed your 70th birthday (if you are 52 years old, for example, your policy will only last 18 years).

If you find that you need more protection down the line, you can easily apply for additional coverage from within the Ladder platform. You can also downgrade your coverage limit with just a few clicks online, saving you money each month on premiums.


There are no fees to shop around for coverage through Ladder. You also won’t have to worry about any fees when you increase or decrease coverage (though you can expect a change in premiums), or penalties if you cancel your policy at any time.

If you decide within the first 30 days that Ladder Life isn’t for you, they will even give you a full refund on your premiums paid.


Getting a quote and submitting an application for coverage through Ladder Life is quick and simple.

You’ll need to provide Ladder with some personal information, including your:

  • Age
  • Gender
  • Height and weight
  • Number of children
  • Household income
  • Remaining mortgage balance (to the nearest $100,000)

You will be asked how much coverage you think you want and how long you want your term policy to last. From these answers, the website will give you an estimated monthly price.

After getting this rough estimate, Ladder has a few more questions for you. These include high-risk activities and hobbies, travel plans, drug use, criminal history, driving record, and medical history. You’ll also need to provide Ladder Life with your contact information and the last four digits of your Social Security number.

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Ladder has over 900 reviews on Trustpilot, resulting in a 4.5 rating out of 5. Most of the reviews praise the ease and speed of the Ladder Life shopping process, with one person even lauding the process as “easier than hailing an Uber.”

According to the National Association of Insurance Commissioners (NAIC), Ladder Life performs well in terms of consumer complaints. Ladder’s underwriting company, Fidelity Security, had a complaint index of 0.14 in 2018, compared to the national average index of 1.00.

Here’s a look at the reasons that Ladder Life may, or may not, be a good fit for you and your loved ones.

Pros and Cons of Ladder Life


  • Make changes at any time — If you want more coverage later on, you can quickly and easily apply for more without any fees (except for raised premiums, of course). If you decide you don’t need as much coverage, you can downgrade at any time without penalty, through the online platform.
  • No penalty for cancellations or changes — Whether you change your coverage limit or cancel your policy altogether, there are no penalties.
  • Full refund of premiums within 30 days — You can cancel your Ladder Life insurance policy within 30 days and receive a full refund of premiums paid.
  • Coverage available up to $8 million — Life insurance policies are offered from $100,000 all the way up to $8,000,000.
  • Available in all 50 states — Ladder policies are available in all 50 states and the District of Columbia.
  • Medical exams can often be waived — Many applicants will be able to get coverage without the need for a medical exam.


  • Ladder Life only offers term coverage — If you’re looking for a whole life insurance policy, which can build a cash value and follow you for the rest of your life, you will need to look elsewhere. Ladder Life provides term, and only term, insurance coverage.
  • Coverage ends at age 70 — No matter when you buy your Ladder policy, coverage will end at age 70.
  • No riders available — In an attempt to simplify the life insurance process, Ladder does not offer any riders or supplemental options.
  • Policies can only be purchased through age 60 — While coverage can run through age 70, new policies can only be bought between ages 20 and 60.

Ladder Life Alternatives

If you’re looking for quick term life insurance options that are both easy and affordable, there are a few alternatives to Ladder Life.

Other options include:

  • Bestow: Offering coverage up to $1,000,000, which can be purchased entirely online and requires no medical exam, Bestow could be an excellent choice for buyers looking to simplify the buying process.
  • Haven Life: If you want your life insurance shopping process to be affordable, a quick decision, and 100% online, Haven Life could be worth a look. Qualifying applicants can get a policy up to $3,000,000, and some folks are even able to get instant coverage.

Is Ladder Life Right for You?

If you are looking for a life insurance shopping process that doesn’t drag on for weeks, Ladder Life’s quick, online process could be a relief. Applying takes just minutes, you can receive an instant decision in many cases, and some applicants won’t even need a medical exam.

If you are between the ages of 20 and 60, and want to purchase term coverage up to $8,000,000, give Ladder a look. Ladder Life policies are especially worth considering for folks who feel that their insurance needs could change over time–like if you plan to eventually get married, have children, buy a home, and the like.

If you are interested in whole or universal life coverage, Ladder won’t be right for you. It’s also not what you need if you’re interested in adding supplemental coverage, such as a child rider or accelerated death benefit, to your policy.

Related:  Term vs Whole Life Insurance: What’s the Best Option for You?

Frequently Asked Questions

Only term life insurance is available through Ladder Life. You cannot purchase whole/universal life coverage, guaranteed approval policies, or final expense coverage.
Ladder Life policies can be purchased by applicants between the ages of 20 and 60. No matter when you buy the policy, however, coverage will only last through age 70.
Some applicants will be required to submit to a medical exam, but some others will not. It will depend on factors such as your age, health, and family history.

Bottom Line

Life insurance is an important part of planning for the future and protecting those you love. It’s difficult, however, to know exactly what life will bring and how your life insurance needs will change over the years.

Ladder Life seeks to solve this issue by offering flexible policies that can be increased or decreased without penalty. Coverage can be purchased online and, in some cases, may not even require a medical exam.

To learn more about Ladder Life and apply for your own coverage, you can visit their website here.

Author Bio

Total Articles: 98
Stephanie Colestock is a respected financial writer based in Washington, DC. Her work can be found on sites such as Investopedia, Credit Karma, Quicken, The Balance, Motley Fool, and more, covering a range of topics such as family finances, planning for the future, optimizing credit, and getting out of debt. She is currently working toward her CFP certification. Her full portfolio can be found at
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