New parents should consider this tech-forward life insurance startup
Being a new parent is tough. Being a new parent in the middle of the pandemic is almost unimaginable. But what should a new parent do to help plan for their child's future? The answer is easy — life insurance.
When you have little ones in tow, it's more than necessary to think of the unthinkable. That includes making sure they are taken care of should something unforeseen happen to you. Perhaps you've considered life insurance at some point for that very reason but shied away at the complicated process. Even the thought of what to buy and how to buy it can be overwhelming.
The thing with life insurance is getting a policy can take weeks of tedious sales calls or meetings, medical exams, blood tests, and agents hounding you with things that you don't actually need. It's understandable why people forget about it altogether, considering the hassle it brings.
Simplifying life insurance for young adults
But as with all things in the 21st century — there's an app for that. Designed for new parents who only want the best for their youngins, Fabric makes short work of applying for life insurance by streamlining the process to just under 10 minutes — all done online.
If you qualify, you won't have to subject yourself to weeks of phone calls, exams, and blood tests. No need to deal with pesky sales calls from agents who will only upsell you, either. In fact, you don't have to deal with any sales calls at all. Applicants who qualify could go from application to coverage in just 10 minutes with no exam, and the only kind of "test" you have to pass is entering some simple information.
Fabric features an automated underwriting algorithm capable of approving many applicants without a medical exam and without charging the high rates of typical no exam (guaranteed issue) policies. You also have the option to customize your term length or reduce your coverage amount prior to purchase to right-size your monthly premiums. Whether you need 10-, 15-, and 20-year terms or coverage from $100,000 to $5,000,000, Fabric has got you covered — no pun intended.
In the event that you're not granted immediate approval, the team will reach out to ask for more information. Some cases may still require a medical exam, but you won't have to pay for anything or go anywhere.
Plus, once you're covered, Fabric also lets you stay on top of your policy right from the free app or on the website. You're afforded additional tools to help you organize your family's finances, and you can even create a will free of charge.
Applying for life insurance shouldn't be difficult, and it finally isn't with Fabric. Help protect your family by getting started with Fabric today.
Fabric offers term life insurance policies (Form ICC16-VLT, ICC16-VLT19, and CMP 0501 with state variations where applicable) issued by Vantis Life Insurance Company (Vantis Life), Windsor, CT (all states except NY), and by Vantis Life Insurance Company of New York, Brewster, NY (NY only). Coverage may not be available in all states.
*Issuance of coverage for term life insurance is subject to underwriting review and approval. Not all will qualify for coverage. Please see a copy of the policy for the full terms, conditions and exclusions. Policy obligations are the sole responsibility of Vantis Life. Fabric Insurance Agency, LLC (FIA) is an insurance agency licensed to sell life, accident, and health insurance products. FIA will receive compensation from Vantis Life for such sales.