If Your Debt Is Stressing You Out - Try This
Christina Rodgers
If you’re like millions of Americans, you may have thought about the frightening what-if scenario: “If I die, how will my family pay off our debt?”
The average American family has about $38,000 in personal debt (not including a mortgage). When we researched different debt management solutions, we were shocked to find one that could cover all your debts, with no hassles and was so amazingly inexpensive.
We discovered Ladder Life. Here are 3 reasons why Ladder maybe the best debt management solution on the market:
1. Perfect Mortgage Insurance Solution & More
If you’re a homeowner, chances are you have a sizable mortgage left to pay off in order to own your home. Paying off your mortgage if something were to happen to you is crucial.
Ladder Life offers instant term life insurance, a no medical exam way to buy term life insurance. It’s available for up to $8 million in coverage to people ages 20 to 60 who qualify. Coverage amounts of $100,000 up to $8 million.
A Ladder policy could mimic the remaining term length of your mortgage. A 10, 20 or even 30yr policy could provide your family with a lump sum payment to cover the full remaining balance on your mortgage, in the event something were to happen to you.
2. It Fits Today’s Modern Families
Many people’s financial circumstances change over the course of a life insurance policy.
Most insurance providers, require that you must cancel your existing policy and purchase a new one in order to change your policy limits.
Not with Ladder! Ladder Life believes that you should be able to adjust your coverage at any time to meet your specific needs.
Through their “Ladder Up” and “Ladder Down” feature, Ladder gives you the freedom to adjust your policy limits as your financial needs change. This ensures that you are never paying for more coverage than you need.
The Ladder Up feature allows you to increase the face value of your policy or extend your term length. The “Ladder Down” feature lets you reduce your policy amount if you would like less coverage in place. “Laddering Down” will decrease your premium proportionately with the reduction in coverage.
3. Backed By A Proven Leader
Ladder is backed by Fidelity Security Life Insurance Company and Hannover Life Reassurance Company, both of which have A+ ratings from A.M Best. This means the insurer has the cash reserves to pay out claims.
Since Ladder doesn’t use commissioned agents, policyholders don’t have to pay annual fees. Ladder Life rates are consistently better than average when compared to those of the top insurers. In addition, Ladder’s applicants may qualify for more coverage without a medical exam and pay significantly lower premiums verses a typical no exam policy.
A term life insurance policy from Ladder Life gives you more bang for your buck. Along with flexible policy management, a term life insurance policy from Ladder is the best debt management strategy we’ve seen. Remember, applying for a Life Insurance policy will not affect your credit score.
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