How Much Does Life Insurance by Fabric Life Cost?
Fabric Term Life Insurance is EXPENSIVE, whether you’re young or old. As much as 10% MORE than competitors. Shop around. Compare rates.
Fabric is now “Fabric by Gerber Life”… Fabric has joined the family of trusted brands under Western & Southern Financial Group (parent company of Gerber Life Agency), offering policies issued by Western-Southern Life Assurance Company.
All sample quotes and policy information included this review are from Fabric’s website. Your actual results may be different and will not be known until you complete the application, the underwriting process and are approved for the coverage. How old you are, how healthy you are, do you smoke, your family history, as well as other factors; are what determine the results of your approval and your actual costs.
Fabric is NOT a life insurance company. They are a licensed insurance agency that sells accidental death insurance and life insurance by Vantis Life Insurance Company and gets compensated for selling their policies.
Check out our full Review of Fabric Life Insurance:
Do you have first-hand experience with Fabric Life? If so, we would like to hear about it…
Fabric Life Insurance Pricing and Fees
Fabric pricing is straight forward. They have prices for level 10, 15, and 20 year term life insurance policies and accidental death insurance. There are no fees other than the actual premium you pay and it does not cost you anything to apply on the Fabric website.
HOW MUCH DOES FABRIC TERM LIFE INSURANCE COST?
Compared to it’s competition, the cost of Fabric term life insurance is expensive no matter if you are young or old. Fabric can be as much as 10% more in cost than other leading carriers so make sure you take the time to shop around, before you buy your policy from Fabric.
QUICK VIEW
Product Name: Term Life Insurance
Minimum Policy Face Amount: $100,000 to $1,000,000 – Medical exam may not be required. Up to $5,000,000 Medical exam required.
Issue Ages: 21 to 60
Level Period: 10, 15, 20 Year
FABRIC UNDERWRITING CLASSES
- Ultra Select –
No tobacco in 5 years. Excellent health and family history. Low risk lifestyle - Select Plus –
No tobacco in 3 years. Very good health and family history. Low risk lifestyle - Select –
No tobacco in 2 years. Good health and family history. Low risk lifestyle - Standard –
No tobacco in 1 year. Acceptable health and family history. Moderate risk lifestyle - Tobacco User –
Tobacco use with in the last year. Acceptable health and family history. Moderate risk lifestyle
FABRIC ADDITIONAL RIDERS
Fabric offers NO ADDITIONAL riders like waver of premium, child rider or living benefits riders. No living benefits means you can not access your death benefit early if you become terminally ill and need the money to pay medical expenses.
Conversion: Fabric term is convertible to whole life coverage offered by Vantis Life Insurance Company. You can convert all or part of the face amount of your term life policy at anytime prior to the policy anniversary following your 65th birthday. A new application will be required and your new whole life premium will be based on your attained age when you convert.
Pros and Cons of Fabric Term Life Insurance
Pros
Easy to apply. Possible to get up to $1,000,000 of coverage with out a medical exam.
Cons
Expensive prices for term life insurance compared to other leading carriers.
No term longer than 20 years.
No living benefit riders available.
FABRIC SAMPLE MONTHLY QUOTES
Quotes assume Ultra Select Underwriting Class. Actual prices may be different.
Monthly Term Life Insurance Quotes (Age 30 – Male)
| Coverage | 10 Year | 15 Year | 20 Year |
|---|---|---|---|
| $100,000 | $15.13 | $15.51 | $15.88 |
| $250,000 | $16.72 | $18.49 | $20.27 |
| $500,000 | $20.60 | $24.26 | $27.91 |
| $1,000,000 | $30.54 | $37.33 | $44.11 |
Monthly Term Life Insurance Quotes (Age 30 – Female)
| Coverage | 10 Year | 15 Year | 20 Year |
|---|---|---|---|
| $100,000 | $14.13 | $14.55 | $14.96 |
| $250,000 | $15.67 | $17.34 | $19.01 |
| $500,000 | $19.35 | $22.06 | $24.78 |
| $1,000,000 | $26.66 | $32.55 | $38.44 |
Monthly Term Life Insurance Quotes (Age 40 – Male)
| Coverage | 10 Year | 15 Year | 20 Year |
|---|---|---|---|
| $100,000 | $19.93 | $18.70 | $20.48 |
| $250,000 | $20.39 | $24.19 | $27.99 |
| $500,000 | $27.95 | $36.18 | $44.40 |
| $1,000,000 | $44.20 | $60.06 | $75.93 |
Monthly Term Life Insurance Quotes (Age 40 – Female)
| Coverage | 10 Year | 15 Year | 20 Year |
|---|---|---|---|
| $100,000 | $15.47 | $16.82 | $18.18 |
| $250,000 | $19.14 | $22.42 | $25.70 |
| $500,000 | $25.61 | $30.83 | $36.05 |
| $1,000,000 | $38.98 | $50.36 | $61.74 |
Monthly Term Life Insurance Quotes (Age 50 – Male)
| Coverage | 10 Year | 15 Year | 20 Year |
|---|---|---|---|
| $100,000 | $23.27 | $28.56 | $33.84 |
| $250,000 | $35.51 | $44.84 | $54.18 |
| $500,000 | $57.39 | $77.10 | $96.81 |
| $1,000,000 | $100.99 | $140.04 | $179.08 |
Monthly Term Life Insurance Quotes (Age 50 – Female)
| Coverage | 10 Year | 15 Year | 20 Year |
|---|---|---|---|
| $100,000 | $20.06 | $24.03 | $27.99 |
| $250,000 | $30.71 | $38.60 | $46.49 |
| $500,000 | $45.45 | $60.06 | $74.68 |
| $1,000,000 | $79.74 | $107.76 | $135.77 |
Monthly Term Life Insurance Quotes (Age 60 – Male)
| Coverage | 10 Year | 15 Year | 20 Year |
|---|---|---|---|
| $100,000 | $39.49 | $56.98 | $74.47 |
| $250,000 | $81.94 | $123.67 | $165.40 |
| $500,000 | $150.78 | $231.66 | $312.54 |
| $1,000,000 | $278.66 | $432.33 | $586.00 |
Monthly Term Life Insurance Quotes (Age 60 – Female)
| Coverage | 10 Year | 15 Year | 20 Year |
|---|---|---|---|
| $100,000 | $28.08 | $43.04 | $58.01 |
| $250,000 | $54.97 | $90.62 | $126.28 |
| $500,000 | $98.16 | $167.37 | $236.58 |
| $1,000,000 | $178.68 | $310.17 | $441.67 |
WHAT IS THE COST OF FABRIC GUARANTEED ISSUE WHOLE LIFE INSURANCE?
Fabric does not sell guaranteed issue whole life insurance.
WHAT IS THE PRICE FOR FABRIC UNIVERSAL LIFE INSURANCE?
Fabric does not sell universal life insurance.
The Bottom Line
Fabric’s niche is the family market. With Fabric, you can purchase term life insurance, accidental death insurance, create a will, and download their app so you and your partner can collaborate on finances. Their platform AND marketing approach are excellent, BUT their term life insurance prices are expensive compared to competitors. Shop around and compare rates.
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