Life comes at you fast.
At 5 years old, Derick Davis’ life changed forever when his father unexpectedly died.
Though he had a life insurance policy, the coverage wasn’t enough to help Davis’ mom keep their family afloat.
When reflecting on his mom’s financial situation, Davis, now 37, says, “She could have been in a better one. She did save some money, especially a lot of the Social Security survivor benefits … but it wasn’t enough.”
Since then, Davis’ life has changed significantly: He lives in Virginia with his wife and two boys, and he works as an assistant professor at the University of Virginia. After completing 13 years of college, he earned a PhD — and racked up thousands of dollars in student loan debt. On top of paying that down, Davis and his wife have two college educations to save for.
With so many futures hanging in the balance, Davis realized he wasn’t doing enough to keep his family protected.
Just like his dad, he had life insurance, but only enough to cover a couple of years’ salary.
“If money’s tight now,” he says, “imagine what it would be like if your income is gone when you’re not around.“
One of the hardest parts about choosing a life insurance policy is trying to figure out just what kind of policy is the best fit for your situation. What if you sign a 15-year policy and something changes?
Ladder gets that. The company makes it easy to keep your family protected, even when your needs change down the line. That’s why it offers term life insurance policies that can be adjusted at any time (i.e. increasing or decreasing the coverage amount), or even cancelled without any additional charges.
Secure Your Family’s Future the Simple Way
Your life is dynamic, and your life insurance coverage should be able to change with it. That’s why Ladder offers flexible coverage.
You can use Ladder’s coverage calculator to figure out how much coverage you should have. Then complete their quick online application in only a few easy steps:
- Take about five minutes to answer questions about your health and life, such as your activities and medical history.
- You’ll get an instant decision on coverage, and there’s no risk. Many people receive an offer they can accept immediately. In some cases, simple lab work might be required, but that’s easy, right?
- When you apply, you’ll need to enter your driver’s license and Social Security number, which is true for any life insurance application. The company needs this information to verify your identity and prevent fraud. It uses a secure website and will not sell your private information.
- There are no policy fees, and you can cancel anytime. There’s even a 30-day money-back guarantee.
After seeing how simple the process was, Davis and his wife each got a policy through Ladder that covered them both at 10 times their current income.
One of the perks? Davis says their monthly payment is less than their cell phone bill.
“I thought it was going to be hundreds of dollars a month, and that just wasn’t the case.”
Now, he and his wife can sit back and relax, knowing Ladder will help provide financial support for their family if something ever happens to them.
“It makes me feel that I’m doing the right things in order to give my kids the best chance if something should happen,” he says.
Your life is full of changes. With Ladder, you can get life insurance that can change with you.
Farrah Daniel is an editorial assistant at The Penny Hoarder.
The statements and testimonials presented here were provided voluntarily and not in exchange for any payment, and are applicable for the individual(s) mentioned above. Individual results and experiences may vary.
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