Many or all companies we feature compensate us. Compensation and editorial research influence how products appear on a page. Insurance Life Insurance Fabric Life Insurance Review Updated Jun 27, 2023   |   6-min read Reviewed by TJ Porter Reviewed by TJ Porter Expertise: Credit, credit cards, investments TJ Porter is a Boston-based freelance writer specializing in credit, credit cards, and bank accounts. He graduated with a degree in business from Northeastern University. Learn more about TJ Porter View RatesEditorial RatingEditorial RatingWhat we like:Quick and easy online applicationType of Life InsuranceTerm life insuranceMonthly PremiumsAs low as $13.12 per monthTerm Lengths10, 15, or 20 yearsCoverage$100,000 to $5 millionSee how Fabric compares to other life insurance providers.Best Life Insurance Life insurance is important, especially for the primary income earners of a household. Should the worst happen, it can help your family with the money they need to maintain their lifestyle as they grieve. Fabric is an online startup insurer that offers life insurance (policies issued by Vantis Life Insurance Company) and related services, such as a free will template. The application is online, and qualified applicants won’t require a medical exam, making it easy for almost anyone to apply. If your family needs the protection of life insurance for you or your partner, Fabric might be the right option. In this review: What does Fabric offer?How much does term life insurance through Fabric cost?Financial strength & customer ratingsEligibility requirements for FabricHow to apply for a policyPros and cons of Fabric What does Fabric offer? Fabric offers several services worth considering. Term life insurance Fabric offers term life insurance policies that cover you for a set term and provide a flat payout if you pass away. You can apply for a policy through Fabric’s app or website. Fabric offers multiple terms. You can apply for coverage for 10, 15, or 20 years. You can also customize the amount of coverage you apply for, ranging from a minimum of $100,000 to a maximum of $5 million. Fabric Wills A will is a legal document that presents your final wishes about how your property should be distributed if you die. Having a will can offer your family guidance and help avoid a lengthy, stressful, and complicated probate process for your assets. Fabric offers a free online will-making program. The process only takes five to 10 minutes before you have a legally binding document. (Fabric provides instructions for this part too.) You can use the will to divide your assets, appoint a guardian for the child, and specify other aspects you want for your final arrangements. If you have a partner, you can use Fabric to create a mirror will so you and your partner have similar documents. How much does term life insurance through Fabric cost? Like any life insurance policy, the cost of coverage will vary with many factors, including: The termThe amount of coverageYour ageYour genderYour medical historyWhether you’re a smokerWhether you engage in risky activities (e.g., BASE jumping or high-speed motorsports) Fabric uses these factors to rate applicants into various categories from lowest risk to highest: Ultra SelectSelect PlusSelectStandardStandard Tobacco UserSubstandard Rate Classes Any tobacco use puts you in a higher-risk category. To qualify for Ultra Select, you must not use tobacco, be healthy, and lead a low-risk lifestyle. This image shows an example of how pricing changes based on the amount of coverage purchased. Financial strength & customer ratings An insurance company is only as good as its ability to pay out its policies. For consumers, one way to factor in a company’s ability to pay out its policies is by reviewing its financial strength ratings. If you buy insurance from a financially weak company, you might file a claim only to find that the company can’t pay you what you’re owed. Vantis Life issues policies offered by Fabric, so we looked at Vantis Life’s financial strength when reviewing the company. A.M. BestFitchMoody’sStandard & Poor’sRatingA+ (Superior)N/AAa3A+ It’s also important to consider how other customers view an insurer. Even if an insurance provider is financially secure, you don’t want to work with a company that provides terrible customer service. Below is more about Fabric’s reviews for all the services it offers: Google Customer ReviewsTrustpilotRating4.8/54.8/5 Eligibility requirements for Fabric Fabric has a few basic eligibility requirements to apply. The policies are available in almost every state. The only excluded states are: CaliforniaMontanaNew York There is also an age requirement. The policies offered by Fabric are available to applicants aged 21 to 60. Applicants must be U.S. citizens or permanent residents. If you apply, the company will follow underwriting requirements to determine whether it can offer coverage. Once you submit the application, it will go through the algorithmic underwriting process. This process includes reviewing the application information and external data you authorize Fabric to collect from third-party vendors (e.g., the Medical Information Bureau, DMV, pharmacy benefit managers, consumer reporting agencies, and other public sources). For some applicants, Fabric can offer coverage right away. In other cases, the company sends the application to the underwriting team for additional review before making a final decision. The underwriting team may request follow-up questions, medical records, and sometimes, a health exam. How to apply for a policy Applying for a policy through Fabric is fast and easy. Just follow these steps. Visit the Fabric website or download the Fabric appClick “Apply Now”Answer basic questions about yourselfSelect the amount of coverage you wantTell Fabric where you liveTell Fabric your ageAnswer health questionsAnswer questions about your workProvide personal identifying informationIf approved, you’ll see your rates and have the option to decrease your coverage amount or change the term length before paying You can get an estimate before you complete an application to understand what you might have to pay for coverage. Pros and cons of Fabric Pros No medical exam for some customers (an exam is required for applications over $1 million in coverage) Additional services, such as a will maker No sales calls with agents who try to upsell you Offers can be amended for coverage amounts and term lengths Share your policy details with your beneficiary Cons Does not offer whole life insurance Not available in California, Montana, or New York Only available to people 60 and under Where to find Fabric alternatives Fabric is just one of the ways to apply for life insurance. Whenever you’re shopping for an insurance policy, it’s in your best interest to compare multiple providers so you can find the best deal. Fabric is a solid choice if you want a quick online application and want to see whether you can be approved without a medical exam, but you should also look at alternatives. To do just that, check out our picks for the best life insurance companies. If you’re looking for term life insurance, we also have a list of the best term life insurance providers. Ready to apply for a policy? Check out Fabric’s website. View Rates Monthly Premium: As low as $13.12Coverage: $100,000 to $5 millionTerm Lengths: 10, 15, 20, 25, or 30 years Fabric offers term life insurance policies (Form ICC16-VLT, ICC16-VLT19, and CMP 0501 with state variations where applicable) issued by Vantis Life Insurance Company (Vantis Life), Windsor, CT (all states except NY), and by Vantis Life Insurance Company of New York, Brewster, NY (NY only). Coverage may not be available in all states. Issuance of coverage for term life insurance is subject to underwriting review and approval. Please see a copy of the policy for the full terms, conditions and exclusions. Policy obligations are the sole responsibility of Vantis Life.