Ladder vs State Farm

Alice Stevens
Alice Stevens | Senior Editor
While State Farm has a wider variety of policy types than Ladder, State Farm is not FDIC insured. However, State Farm also claims high financial strength ratings. More information on financial strength ratings is only available by contacting a State Farm Agent directly. 

Ladder’s life insurance policies are issued by a life insurance company with high financial strength ratings and insured by another company with its own high financial strength ratings. Even though Ladder only offers term life insurance policies, policyholders can be confident in Ladder’s ability to pay its claims.
Ladder logo verified_user
#37 Ladder Insufficient Reviews
0.0
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Overview

Ladder

Financial Strength

Not Applicable

Term Policies

Yes

Whole Policies

No

Universal Policies

No

Final Expense Policies

No

Time in Business

6 Years

State Farm

A++ (A.M. Best)

Yes

Yes

Yes

Yes

99 Years

Ratings

Ladder

Overall Score
1.5 of 10
Review Score
0.0
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Value for Money
0.0
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Quality of Product or Service
0.0
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Company Trustworthiness
0.0
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Likely to Recommend
0.0 of 10

State Farm

4.8 of 10
4.5
star star star star star_half
4.4
star star star star star_half
4.5
star star star star star_half
4.5
star star star star star_half
9.0 of 10

Reviews

Ladder

Number of Reviews
0
Review Breakdown
0.0
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State Farm

8
4.5
star star star star star_half
5 star
63%
4 star
25%
3 star
13%
2 star
0%
1 star
0%

Reviews for Ladder

Helpful Favorable Review

None Available

Helpful Critical Review

None Available

Reviews for State Farm

Helpful Favorable Review

star star star star star

Kaitlyn Rios Ogden, UT

State Farm has been an excellent source for my extra life insurance policy. Great low rates and comprehensive coverage to avoid financial issues should something tragic happen. They have insurance experts that ask all the right questions.

1 year ago

Helpful Critical Review

None Available

The Final Word

Ladder’s term life insurance policies have adjustable coverage, which means that policyholders can adjust coverage throughout the term of the policy by applying for more or instantly decreasing coverage.

Ladder also has a quick application and decision process. Most people will not have to have a medical exam for underwriting, though it is required in some cases. Its agents are also salaried, so there is no upselling, which is a nice feature for clients.

State Farm offers term, whole, universal, variable universal life insurance policies. It also offers group life insurance policies that employers can offer their employers. These offerings make State Farm advantageous for employers and those interested in a permanent life insurance policy. While State Farm is a trusted company, offers more options, and claims high financial strength ratings, it is not FDIC insured. 

In contrast, Ladder’s life insurance policies are issued through Fidelity Life Insurance Company. This company has high financial ratings. The policies are also insured through Hannover Life Reassurance Company of America, which has high financial ratings itself.

Ladder is a good choice, especially if you want to buy term life insurance.

Top Choice

State Farm Logo
State Farm

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