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finder.com's rating: 3.5 / 5
★★★★★
21 to 60
Issue Age
$100,000 to $5,000,000
Coverage
Depends on policy
Medical Exam Required
Policies | Term (w/ option to convert to Whole), Accidental death |
---|---|
Coverage maximum | $5,000,000 |
Term lengths | 10, 15, or 20 years |
Medical exam required | Depends on policy |
Available states | Available in all states except NY, CA and MT |
Issue age | 21 - 60 years old |
Riders |
No riders available |
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Review by
Katia Iervasi is a staff writer who hails from Australia and now calls New York home. Her writing and analysis has been featured on sites like Forbes, Best Company and Financial Advisor around the world. Armed with a BA in Communication and a journalistic eye for detail, she navigates insurance and finance topics for Finder, so you can splash your cash smartly (and be a pro when the subject pops up at dinner parties).
Fabric’s platform is innovative and easy to use, and it offers added-value features — like a free will writing tool. But the insurer has its limitations. If you have complicated life insurance needs, or want to enhance your policy with riders, it may be too simple for you.
In that case, take the time to compare life insurance companies.
To get an idea of what you might pay, we pulled sample quotes for a $500,000, 20-year term policy for a person in good health. The amount you’ll pay each month depends on your age, health and other factors.
Age | Man | Woman |
---|---|---|
21 | $27.07 | $24.15 |
25 | $27.07 | $24.15 |
30 | $27.91 | $24.78 |
35 | $28.74 | $25.40 |
40 | $44.40 | $36.05 |
45 | $60.06 | $46.70 |
50 | $96.81 | $74.68 |
55 | $133.56 | $102.66 |
60 | $312.54 | $236.58 |
For the best rates, underwriters assess the following factors:
Applying is as easy as filling in an online application. These are the steps:
If you’ve opted for an accidental death policy it should be issued instantly. Standard term life policies may take three to four weeks to take effect, unless you’ve opted for a no-medical exam policy.
This online-only company offers two life insurance products. All policies are issued by Vantis Life Insurance Company, a financially strong insurer.
Fabric includes an accelerated death benefit rider on its term life policies for free. This rider allows you to access a portion of your death benefit if you’re diagnosed with a terminal illness. However, it doesn’t offer any other add-ons to help you customize your policy, where most competitors do.
Fabric is accredited with the Better Business Bureau and has an A+ rating for its service and interaction. To date, the BBB hasn’t recorded any customer complaints or reviews.
On TrustPilot, Fabric has a five-star rating based on over 1,500 reviews. Customers commented on the fast, simple application, and the fact that some policies can be issued instantly. They also appreciated Fabric’s added-value features, such as the free will-writing tool and the ability to send your beneficiaries a breakdown of your policy.
AM Best financial rating |
A+ |
BBB accredited | Yes |
BBB rating | A+ |
Trustpilot score | 4.8/5 out of 1,669 customer reviews |
Customer reviews verified as of | 20 January 2021 |
To find out how Fabric stacks up to other companies, tick the Compare box and review features for up to four companies side by side.
★★★★★ — Excellent
★★★★★ — Good
★★★★★ — Average
★★★★★ — Subpar
★★★★★ — Poor
Our experts analyze life insurance companies to help you to find the strongest possible policy and premium for your family’s needs. We assess their financial strength, customer satisfaction, policy features and riders. We then give each insurer a score between one and five stars that reflects their offering and reputation in the industry.