Ladder vs State Farm

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.