This 10-Minute Step Could Mean Securing Your Family $1M (for as Low as $27/Month)

A woman reads a book to her son while laying in bed. They are also wearing paper crowns on their heads.
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Do you remember the moment your child came into your life? You looked into their eyes and knew you’d do everything in your power to protect them.

But have you thought about how you’ll protect them when you’re gone?

Life insurance is something you’ve probably heard about — and is definitely something you’ll want to consider if you have kids depending on you. It’s not even that expensive, a $1 million* policy could be secured for as little as $27 a month.**

The problem is, if you’re like most of us parents, the must-do list keeps getting longer and more out of control the older your kid gets. But this isn’t something you want slipping through the cracks.

There’s a company called Fabric that has simplified the life insurance process. It takes 10 minutes to apply, and you can do everything from your phone’s browser.

Leaving Your Family $1 Million Could Make All the Difference For Their Future

We like Fabric as a place to apply for term life insurance because they know how stressful being a parent can be. Half of the people at the company have kids of their own, so they want to make this as simple as possible for you.

But this isn’t just some new startup. Fabric sells policies issued by Vantis Life Insurance Company, which is a member of the Penn Mutual family. (Fun fact: That’s the second-oldest life insurance company in America.)

The best part is, it takes 10 minutes to apply for a policy, and qualified applicants don’t need a medical exam. And no, this won’t cost you an enormous amount of money — policies start at $14 a month.***

Fabric makes applying for life insurance way less overwhelming. Take a quick quiz to see exactly what you can do to help protect your family when you’re gone.

*Coverage amount is based on eligibility.

**Sample pricing based on $1,000,000 in coverage for a 28-year-old female in Colorado with excellent health.

***Sample pricing based on $100,000 in coverage for a 28-year-old female in Colorado with excellent health.

Kari Faber ([email protected]) is a staff writer at The Penny Hoarder. Her kid will have to split the Faber estate with Bella, the family dog.