Did you follow the trend and buy life insurance? Have you noticed these three common misunderstandings?

Ladder : Founded in January 2017, Ladder Life Insurance is flexible and suitable for policyholders who want to customize their life insurance. It is rated A. The company only provides term life insurance for 10-30 years, but during the insurance process, the policyholder can increase or decrease the coverage amount without paying any additional fees. The life insurance application process is online and no physical examination is required. Fidelity life insurance policies are sold in 49 states in the United States, and Allianz Life Insurance Company of New York policies are sold in DC and New York.

Fabric : Fabric offers term life insurance, wills, and other products that can help improve a family’s financial life. Their term life insurance includes 10-, 15-, and 20-year terms, with coverage ranging from $100,000 to $5 million. You can also use Fabric’s tools to create a will or sync other family finances. Fabric’s online customer service is highly rated, but unfortunately, their insurance is not available in every state.