Life insurance
Protect your family's future
Get a quoteLife insurance with Elephant and Ladder
We all want to protect our loved ones, and one of the best ways you can do this is with a life insurance policy. It can sometimes be a little uncomfortable to discuss, but life insurance is an important coverage that will give you and your loved ones some peace of mind. That’s why we’ve partnered with Ladder, a leader in digital term life insurance, helping customers protect their homes and family with affordable and flexible life insurance coverage.
Basically, life insurance is income replacement. When you purchase a policy, you’re paying a premium to your provider who agrees to pay the amount (a.k.a. a death benefit) to your dependents if you were to pass away.
Life insurance helps to provide your loved ones with long-term financial stability. It can be reassuring to know that things such as final expenses, lost income, mortgages, or a child’s education can be taken care of by protecting the future with a life insurance policy. Through a quick and simple process, Ladder can provide the comfort of knowing your loved ones are taken care of, should the unexpected happen.
What is term life insurance?
A term life insurance policy typically is the most affordable type of life insurance, providing policyholders with the option to pay a guaranteed premium in return for life insurance coverage over a specific time period.
Term life insurance is a way to cover temporary expenses for your beneficiaries – such as mortgages, childcare expenses, student loan debts, and more. Term life insurance premiums are paid for a set period and provide death benefits should something happen to you during the term of the policy. If death occurs, your named beneficiary receives the death benefit set in the life insurance policy.
How much life insurance coverage do I need?
Your salary is the most common factor used in determining your life insurance needs, with experts suggesting buying a policy that is 10-15 times your annual salary. However, your salary may not be the only important factor to consider when purchasing life insurance. It is important to also consider how much money is needed to protect your family should you no longer be around.
To help you determine how much your family will need, answer the following questions:
- How much money will my family need immediately for funeral costs and any outstanding debts?
- How much money will my family need to continue living the lifestyle they are accustomed to, as well as pay current monthly expenses, such as the mortgage, and any future expenses?
How do I purchase life insurance?
- You can apply online today from the comfort of your home without scheduling an appointment with a medical professional, for coverage up to $3 million. Just answer a few health questions to help determine eligibility. Start a quote today to see how affordable it can be.
Why purchase from Ladder via Elephant?
Adding life insurance protects your family with financial security. Here are a few reasons why Ladder and Elephant are great partners.
- Easy online application, no doctor appointment for coverage up to $3M
- Coverage decision in minutes
- Affordable options
- Licensed agents available
You may qualify for a bundling discount when you purchase multiple policies from Elephant, Some options in addition to life insurance, include:
- Umbrella Insurance
- Homeowners Insurance
- Motorcycle insurance
Still have questions about life insurance?
We know that life insurance can be complicated. For more information, be sure to check out our blog post, Breaking down life insurance.
Ladder Insurance Services, LLC (CA license # OK22568; AR license # 3000140372) distributes term life insurance products issued by multiple insurers – for further details see ladderlife.com. All insurance products are governed by the terms set forth in the applicable insurance policy. Each insurer has financial responsibility for its own products. Coverage amounts vary by state.
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