A unique benefit of policies sold through Ladder is the ability to
“ladder up” or “ladder down” your coverage. As your family or
financial situation changes, you can decrease or apply to increase
your policy’s death benefit accordingly.
For example, if
you have children, you can increase your policy death benefit to
ensure you leave them enough money to pay for college and their living
expenses if you’re no longer around to provide for them.
Or,
you can decide to decrease your coverage as you get older since you
may be able to self-insure based on your savings and retirement
account balances.
Ladder is the only company we know of
that allows you to change your policy amount up or down whenever you
like, and there is no limit to how often you can change your policy.
Because life insurance provides coverage for decades, it’s wise to
research the insurer’s financial stability and future outlook before
purchasing a policy.
Credit rating agencies — including AM
Best, Moody’s and S&P Global — evaluate insurance companies and
issue ratings based on their opinions of companies’ financial strength
and potential.
Ladder’s partners are highly ranked by the
major credit rating agencies.
Their ratings tend to be in
the “superior” range, meaning that the credit rating agencies believe
that the companies are financially sound, able to handle economic
changes and will likely be able to afford to pay out future claims.
