Ladder sells flexible term life insurance policies with coverage bands from $100,000 to $8 million and operates a vertically integrated stack including underwriting, instant issue and policy administration. The company says its approach allows faster quoting and policy issuance via modern web and app interfaces. Ladder claims it can offer roughly 40% savings to users versus other options. The Palo Alto-based startup operates only in the U.S. and is on track to issue $30 billion in coverage by the end of this year. Revenues grew four-fold over the past year (exact dollar amount undisclosed). CEO and co-founder Jamie Hale said the new funding will accelerate product innovation and service for families and communities. Ladder is a digital-first provider of instant life insurance serving today’s financially savvy consumers. The company launched its solution in California on January 10, 2017, and has since expanded to nearly every state. Ladder offers an instant, digital life insurance product and has begun making that offering available to partners via the Ladder API. The company intends to use newly raised funds to continue developing its platform capabilities and to expand marketing initiatives nationwide. Headquartered in Palo Alto, California, Ladder is led by CEO and co-founder Jamie Hale. Financially, Ladder completed a $30M Series B financing in October 2018. Ladder is an insurtech company offering a digital life insurance product with no middlemen or sales offices. Customers can get a personalized quote through a streamlined process and be covered instantly. The company emphasizes a fully digital experience to simplify buying life insurance. Ladder was founded in 2015 and is based in Menlo Park, California. Leadership includes CEO Jamie Hale. The startup raised capital to continue developing its platform and to expand operations.

Total raised

$144M

Funding rounds

3

Latest round

Series D

Latest activity

Oct 2021