California-based life insurance technology startup, Ladder, has begun actively marketing its direct-to-consumer (D2C) platform in preparation for its launch.
Ladder offers term life insurance that involves no agents and aims to give clients an instant decision within 10 minutes.
Go deeper with GlobalData
According to Ladder’s website: “The platform is a fresh model for a digital consumer. We built Ladder with new technology (and without expensive middlemen or sales offices). That means we can provide you with the best, personalized value (price + experience + service).”
The provider offers coverage for US citizens (or permanent residents who have been here more than 2 years) who are between the ages of 20 and 60 at the time of application.
If Ladder needs more information about an applicant via a (free) medical exam, it will send a medical professional to the potential client.
According to CB Insights, Ladder’s founding team includes Jamie Hale, previously a founding partner at specialized PE firm Aldenwood Capital, former Issuu chief revenue officer Jeff Merkel, and former Dropbox engineer Jack Dubie.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataLadder’s investors include Canaan Partners (Embroker, Instacart), Lightspeed (Snapchat), NYCA (digit), and 8 Partners (Oscar). CB Insights says its total funding is $2.05M, seed VC.
