Unique Selling Point:
Fabric allows you to create a free, legally-binding will online for you and your spouse in as little as 5 minutes.
Who is this app for:
If you are looking for a comprehensive life insurance policy that is digital first and offers a high level of coverage, than Fabric may be for you. While anyone can apply for life insurance cover from Fabric, they are particularly tailored to parents, with a focus on young families. Fabric offers coverage up to $5,000,000 – multiple times higher than many other insurers (although for coverage above $1,000,000, you will need a medical exam). Additionally, for certain policies Fabric also offers the option to transition your term life insurance policy to a whole life insurance policy, allowing for a permanent life insurance solution in the future without any hassle.
Bonus points:
– In addition to life insurance, Fabric also offers accidental death insurance policies.