Fabric is a life insurance company designed for parents. It strives to make insurance and financial planning as easy as possible, since parents already have enough things to worry about. It takes about 10 minutes to apply with Fabric, which offers both term insurance and accidental death insurance.
Fabric has an app that easily allows policyholders to view and organize their financial and legal information. This app has bank-level security, which includes factors such as automatic lockout and biometrics. In addition, Fabric also allows policyholders and their spouses to create wills for free, ensuring greater peace of mind.
Fabric also knows the importance of giving back. With their term health insurance, they will match 1% of the policy holder’s death benefit coverage and donate that amount to a charity that the policyholder chooses.
Terms for term insurance offered by Fabric include 10, 15, and 20 years, and the coverage amount is between $100,000 and $5 million. For accidental death insurance, the coverage amount is either $100,000, $250,000, or $500,000. Not every product is available in every state, so be sure to check which options are available to you!