"Life insurance is a fundamentally important financial decision for people, yet the process has been unnecessarily complicated and burdensome," said
Ladder is focused on the consumer experience. With its fully digital product, the company is eliminating barriers associated with the traditional life insurance process, which typically involves in-person meetings with agents, physical paperwork, and an average six-week wait time to get coverage in place. This outdated system is expensive and slow and has created a major impediment to broader consumer adoption, resulting in a
"Today's consumers manage their investments, file their taxes, and conduct many other major financial transactions online in a low cost, secure, and high quality way. Life insurance is too important to be left behind," continued Hale.
"Insurance is the next important frontier in fintech, and Ladder is leading the way by dramatically simplifying the life insurance process," said
Because Ladder underwrites each individual in real-time, the company is able to save consumers money and provide them with exactly the insurance they need without having to go through the traditional, lengthy process. Buyers can qualify within minutes for policies that go up to
"The next wave of fintech is focusing on insurance, and with life insurance, Ladder is addressing a segment that has yet to benefit from innovation," said
When insurance was first introduced, centuries ago, reality necessitated a face-to-face transaction, but this is no longer the case with today's technology. While the fintech space overall has rapidly evolved in the recent years, insurance has remained a largely stagnant, underserved segment. Ladder, which recently announced it closed a
For more information or to get a quote, visit: www.ladderlife.com.
Ladder is life insurance built to be instant, simple, and smart. Founded in 2015, Ladder has designed a digital life insurance product to serve today's financially savvy consumer, and has architected a way to structure risk securely and in real time. For more information visit: www.ladderlife.com/about.
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