Sara Routhier, Managing Editor and Outreach Director, has professional experience as an educator, SEO specialist, and content marketer. She has over five years of experience in the insurance industry. As a researcher, data nerd, writer, and editor she strives to curate educational, enlightening articles that provide you with the must-know facts and best-kept secrets within the overwhelming world o...

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Leslie Kasperowicz holds a BA in Social Sciences from the University of Winnipeg. She spent several years as a Farmers Insurance CSR, gaining a solid understanding of insurance products including home, life, auto, and commercial and working directly with insurance customers to understand their needs. She has since used that knowledge in her more than ten years as a writer, largely in the insur...

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Reviewed by Leslie Kasperowicz
Farmers CSR for 4 Years

UPDATED: Mar 1, 2021

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It’s all about you. We want to help you make the right coverage choices.

Advertiser Disclosure: We strive to help you make confident life insurance decisions. Comparison shopping should be easy. We are not affiliated with any one life insurance provider and cannot guarantee quotes from any single provider. Our life insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.

Editorial Guidelines: We are a free online resource for anyone interested in learning more about life insurance. Our goal is to be an objective, third-party resource for everything life insurance related. We update our site regularly, and all content is reviewed by life insurance experts.

The Brief

  • Ladder offers term life insurance for virtually every individual
  • People can apply online for coverage
  • Ladder prides itself on offering smart, affordable life insurance

If you are in the market for term life insurance, Ladder life insurance may be right for you.

Ladder Insurance Company offers renewable term life insurance at affordable rates. The company seeks to allow individuals to make smart, frugal choices when it comes to life insurance coverage.

For individuals nervous about shopping for life insurance with a family history that could limit their options, Ladder may even offer the opportunity to apply for coverage without a medical exam.

Shopping for life insurance? Read our Ladder life insurance review and then use our free tool to find the most affordable life insurance options for you.

What does Ladder life insurance offer?

Ladder promotes a streamlined experience.

With policies sold and managed online without the use of agents, and instant coverage decisions that allow some customers to get insured minutes after applying online, Ladder saves people money and allows them to purchase policies fully online.

Ladder offers policies up to $8 million for 10, 15, 20, 25, and 30-year terms. A person’s age plus the length of their chosen term may not add up to more than 70.

In addition, Ladder allows customers to increase or decrease their coverage amount online as their needs change.

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Ladder Life Insurance Rates

Many people find that Ladder life insurance rates are comparable if not lower than rates from competing companies. Fidelity’s rates are quite competitive, as you can see in the table below. 

35-Year-Old Male Non-SmokerAIGFidelityNationwideState FarmUSAA
$100,000/10-year$10.64$10.88$11.75$15.23$10.15
$100,000/20-year$11.17$13.66$14.60$17.57$12.32
$100,000/30-year$14.96$18.88$17.80$23.84$17.74
$250,000/10-year$11.67$14.36$14.69$21.74$12.70
$250,000/20-year$13.53$20.45$16.02$26.09$13.53
$250,000/30-year$21.08$27.84$26.26$39.37$23.53
$500,000/10-year$14.70$22.62$17.80$30.04$17.90
$500,000/20-year$21.28$33.93$25.37$40.04$22.07
$500,000/30-year$36.89$49.59$45.39$64.39$38.74

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For a 35-year-old non-smoking male, Fidelity’s rates, are consistently less than State Farm, comparable to USAA, and slightly more expensive than Nationwide and AIG. 

Will I need a medical exam with Ladder?

Like a lot of modern insurance companies, Ladder offers policies to many people with no medical exam requirement.

That means you don’t have to submit blood or urine tests because Ladder uses third-party data sources, such as listings of your prescription-drug history, to assess your risk level.

While not everyone will qualify for this option, Ladder strives to minimize the number of people who require a medical exam to apply.

Offering no exam life insurance, especially for individuals over 50, allows Ladder to streamline the application process even more.

What is Ladder’s rating with A.M. Best?

All of Ladder’s policies are issued by two separate companies, depending on where a person lives:

  • Allianz Life Insurance Company (for individuals in the state of New York)
  • Fidelity Security Life Insurance Company (for all other states and areas within the U.S.)

Allianz Life of New York has an A.M. Best rating of A+ (Superior). Fidelity Security Life Insurance Company has an A.M. Best rating of A (Excellent). This shows that regardless of where you live, you can be sure your payout will be received in a timely manner.

Ladder Life Insurance reviews can be found under one of these two names.

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Can I get Ladder life insurance coverage completely online?

Ladder life insurance company offers the option of applying and signing up for life insurance fully online.

If you answer Ladder’s initial questions, you will get an estimate of how much term life coverage you need and how much your premiums will be.

Additionally, once you start a policy with Ladder, you can increase or decrease your coverage instantly using its website.

Ladder Life Insurance: The Bottom Line

Ladder offers term life insurance at affordable rates for most individuals. If you are 20-60 years old and are in need of life insurance coverage, Ladder may be right for you.

Before you commit to a policy with Ladder, you should always shop around for quotes from other life insurance companies to make sure you are getting the type of life insurance that best meets your needs.

Now that you’ve read our Ladder life insurance review, enter your ZIP code below to find affordable life insurance in your area today.