Fabric increases no-exam life insurance coverage limit
Brooklyn-based life insurance provider Fabric Technologies announced several new product features including no-exam eligibility for up to $1.5 million in term life insurance coverage, the addition of 25-and 30-year term length options, and an increase in no-exam eligibility to age 60.
In addition to expanding no-exam eligibility, policies offered through Fabric are now available in 10, 15, 20, 25, and 30-year term lengths. The application takes ’10 minutes’ to complete, with immediate approval for qualified applicants.
Founded in 2015, Fabric helps parents protect their family’s future, offering modern, affordable term life insurance, a free last will and testament, and tools to organize family finances.
“Fabric is 100% focused on protecting the financial well-being of growing families. We’ve heard directly from our customers that they want more options to protect their loved ones and now we are delivering on that promise. We’ve made life insurance personalized, instant, and affordable, with a wide range of flexible options.” -Adam Erlebacher, CEO of Fabric.