Ladder offers flexible term life insurance, the simplest and typically most affordable type of life insurance. It provides a lump sum benefit to your beneficiary if you pass away during a certain period of time, called the “term.” Depending on your age, the term can be 10, 15, 20, 25, or 30 years.

The companies that underwrite Ladder Life's policies (including Allianz Life Insurance Company of New York and the Fidelity Security Life Insurance Company) have A and A+ financial strength ratings, respectively, from credit rating agency AM Best.

Laddering life insurance is a way to adapt life insurance coverage as your life changes. In a life insurance ladder, you have a policy for each major financial obligation, with different coverage end points so that you're not paying for coverage long after your need for it is gone.

Based on Bankrate's analysis of Ladder life insurance, the company may be a choice worth considering for people between the ages of 20 and 60 who are interested in term life insurance policies. The company was founded in 2015 and offers term life insurance nationwide through a 100 percent online interface.

Ladder does not offer permanent life insurance coverage such as whole life insurance. Ladder does not offer riders. A standard rider like an accelerated death benefit is not available. Renewal is only offered for 5 years after the initial level term length ends.

Life insurance is a contract between a life insurance company and a policy owner. A life insurance policy guarantees the insurer pays a sum of money to one or more named beneficiaries when the insured person dies in exchange for premiums paid by the policyholder during their lifetime.

Jamie Hale Jamie Hale is the CEO and Co-Founder of Ladder, the award-winning life insurtech helping more people get covered in an instant, easy, and affordable way.

Any permanent life insurance policy with a cash value can be used to invest - but for most people, it isn't the best strategy due to high costs and low returns. Buying a term life policy and contributing to a 401(k) or IRA account is often a better option.

A goal ladder is a tool that helps you set smaller goals that lead up to one bigger goal. Each rung on the ladder represents a sub-goal that allows you to step up closer to your big goal and helps you break your big goal into more manageable, smaller milestones.

A permanent life insurance policy is a contract with a life insurance company to provide protection throughout your entire life, as opposed to term insurance that just provides coverage for a specified number of years. As with term coverage, the death benefit is typically paid out income tax-free to beneficiaries.

Jamie Hale Jamie Hale is the CEO and Co-Founder of Ladder, the award-winning life insurtech helping more people get covered in an instant, easy, and affordable way.

lifelong Permanent life insurance policies provide lifelong coverage -- even if you live to 100, the policy will pay a benefit as long as premiums are paid. Permanent policies have another important feature : they build cash value.