Ladder vs State Farm
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’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.
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Overview
Ladder
State Farm
Monthly Premium
Monthly Premium
Undisclosed
$29.60*
Policy Types
Policy Types
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Term
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Term
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Whole
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Universal
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Variable
Coverage
Coverage
Undisclosed
47
Time In Business
Time In Business
NaN Years
98 Years
Reviews
Ladder
State Farm
Number of Reviews
Number of Reviews
0
7
Review Breakdown
Review Breakdown
0.0
starstarstarstarstar
5
star
0%
4
star
0%
3
star
0%
2
star
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1
star
0%
4.5
starstarstarstarstar_half
5
star
57%
4
star
29%
3
star
14%
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
starstarstarstarstar
Eddie Rios
February 6th, 2020
Ogden, UT
DETAILS
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Value for your money
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Quality of product or service
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Customer service
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Company trustworthiness
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State Farm has been a great life line for personal term life insurance. They have offered great rates and do consistent follow up to ensure my life insurance needs are still met and that coverage is sufficient. It takes all the worry out of long term planning. State Farm has indeed refined their process and the customer certainly is the beneficiary of that.
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.
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.
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