Fabric Life Insurance Review [2024]

Raising kids is expensive. According to one estimate, it costs $310,605 to raise a child until the age of 17. 

So what would happen to your children if you were to pass away? It might be time to consider life insurance from a company like Fabric. 

Fabric makes it quick and easy to apply online, which is perfect for busy parents with hectic lives. 

In this Fabric life insurance review, I’ll explain why Fabric is such a trustworthy provider.

I’ll also walk you through the application process. And trust me – it’s seriously simple!

What is Fabric Life Insurance?

Fabric is a life insurance provider with no medical exam requirement and a streamlined application process. 

In addition to offering life insurance, Fabric can help you prepare your will and organize your family’s finances. It’s sort of an all-in-one platform for securing your children’s financial future. 

But in this Fabric life insurance review, I’ll focus on the company’s life insurance offerings. Because that’s what you’re here for, right?

Here are some key facts about Fabric life insurance:

• Fabric offers only term life insurance, so you can’t use it for permanent (whole) life insurance.
• Coverage is available from $100,000 – $5,000,000. Your “coverage amount” is the amount of money your beneficiaries will receive if you pass away.
• Prices start at just $7.86 per month. That’s the monthly premium for a 25-year-old female with $100,000 in coverage.
• Term lengths are available from 10-30 years. So, that’s how long your coverage can last.
• Fabric promises a fully digital experience. That means you can apply and manage your policy online. 
• Thanks to the automated underwriting feature, you can get a decision immediately after applying.
• You can cancel your Fabric policy at any time. 

Fabric prides itself on being easy to customize, easy to access, and easy to share. The idea is that you can choose your own term length and coverage amount, see your policy details in the official Fabric app, and then easily share those details with your spouse. 

Sounds appealing, right? Then keep reading – because next, this Fabric life insurance review will explain the application process in detail.

How Does Fabric Life Insurance Work? 

Signing up for Fabric life insurance is a 3-step process:

• Step 1: Apply online. Just head to the official Fabric website and click the purple “Apply Now” button in the top right corner. The application should only take about 10 minutes.
• Step 2: Get a decision from Fabric. They might ask for a bit more information, but they promise to still make it “quick and easy.” And again, there’s no need for a medical exam!
• Step 3: Personalize your policy. You get to choose the term length and coverage amount, which will determine the cost of your monthly premium. The more coverage you want, the more you’ll have to pay.

Want to see an estimated price before you actually apply? Then, request a quote on the Fabric website. You just have to answer a few simple questions (“Are you a smoker? How is your health?”), and Fabric will tell you how much you’re likely to pay.

Once you’ve got your coverage, you can check your policy details online – or download the official Fabric app.

I’d recommend the app because it’s so much more than just an easy way to keep track of your life insurance policy. It’s also a comprehensive portal for managing your family’s finances.

With the official Fabric App, you can:

• Manage your life insurance policy
• Create a will
• Build up a rainy day fund
• Create a college fund for your children
• Share financial info with your partner

That’s a lot of convenience in a single app!

Is Fabric Life Insurance Legit?

Fabric life insurance is 100% legit. The company was founded in 2015 to help people apply for life insurance online. In 2022, it was acquired by an even larger company called Western & Southern, which was founded all the way back in 1888. 

Yes, that’s 1888 – as in over 130 years ago. So yeah, Western & Southern isn’t some new kid on the block. It’s an established name in the insurance industry.

But as you might have noticed, Fabric is technically called “Fabric by Gerber Life.” So, where does the Gerber Life connection come in? 

Western & Southern is also the parent company of Gerber Life Insurance. So even if Fabric isn’t technically part of Gerber Life Insurance, they now fall under the same umbrella. 

Is Fabric Life Insurance Safe?

Taking out a life insurance policy with Fabric is totally safe. 

Why?

Let’s look at the financial side of things. With life insurance, you want to go through a company on firm financial footing. That way, you don’t have to worry about the company failing while you still have your policy. 

And Fabric is a company with extremely secure finances. Its policies are issued by Western-Southern Life Assurance Company, which is another wing of Fabric’s parent company, Western & Southern. 

Western-Southern Life Assurance Company has an A+ (or “Superior”) rating from the credit rating agency A.M. Best. 

Confused? No worries. You don’t need to understand the ins and outs. What’s important is that Fabric by Gerber Life isn’t likely to fail any time soon, which makes it a safe option for life insurance.

Pros and Cons of Fabric Life Insurance

What’s great about Fabric, and what falls a little short? This Fabric life insurance review makes it nice and clear – so you can make an informed decision for your family!

Pros

• There’s no medical exam required. With Fabric, you can apply entirely online.
• Policies are issued by a reputable carrier. Fabric is backed by Western-Southern Life Assurance Company, which has an A+ rating from A.M. Best.
• You can access your policy through a highly-rated app. The official Fabric app is available on iOS and Android, and it can help you manage your family’s finances. It has 4.8 stars on the Apple App Store.

Cons 

• You can’t get whole life insurance. With Fabric, term life insurance is the only option. But there is some flexibility because you can choose between available term lengths of 10, 15, 20, 25, and 30 years. 
• Fabric life insurance isn’t available in California or New York. Those might be the only two states without access to Fabric’s policies – but unfortunately, they’re big ones.
• Longer-term lengths are unavailable for older applicants. You can only get a 30-year term if you’re 45 or younger. And if you’re over 70, you’re ineligible altogether.

Fabric Life Insurance Reviews

Fabric gets 4.8 stars on the popular review site Trustpilot. That means the vast majority of users are having positive experiences with the company!

In a 5-star Fabric review, someone said, “I cannot believe I did it myself so quickly.” Now, let me be honest: It’s not entirely clear that this is a Fabric life insurance review. The customer could have used Fabric just to create a will.

But still, it’s always great to see that the interface is easy to navigate. 

Another customer gave Fabric a 4-star review, so they must have generally liked their experience. But they also noted that “it kept saying something was incomplete.”

Someone else had a similar issue, reporting that the website kept saying “something was wrong when there was nothing wrong.” That definitely sounds frustrating. But here’s the good news: Even with such an annoying issue, the person still liked Fabric enough to give it three stars!

While most Fabric reviews are positive, I did find a 1-star Fabric life insurance review that called the service a “waste of time.” Apparently, this person wasn’t offered as much coverage as they wanted. 

Fabric Life Insurance Reviews Reddit

While I couldn’t find a Fabric life insurance review on Reddit, I did find a thread where people talk about Fabric’s practices. 

The original poster described how they applied with Fabric, only to be asked about past diagnostics that they’d never actually had. Understandably, it made them question Fabric’s reliability.

In the responses, someone suggested checking Fabric’s rating with A.M. Best.

*Note – Fabric’s policies are currently provided by Western-Southern Life Assurance Company, which A.M. Best gives an A+ rating.

Another person, who claims to be a life agent with over 15 years of experience, said that these types of issues are common because of how insurance companies complete the underwriting process. 

Now remember, most Fabric customers don’t complain about this sort of issue. But this Fabric life insurance review aims to be fair and detailed, so I’m sharing everything I’ve learned – including the occasional mishap!

Fabric Life Insurance Review BBB

Not only is Fabric by Gerber Life accredited by the Better Business Bureau (BBB), but it also has an A+ rating.

Oh, and there are 0 customer complaints on Fabric’s BBB page. So this is a company that seems to do right by its customers – and consistently! 

Is Fabric Life Insurance Worth It? 

Here’s the grand conclusion of this Fabric life insurance review: If you want life insurance to protect your family’s financial future, Fabric is definitely worth it.

If you’re a parent, life is probably pretty hectic. With Fabric, you can apply for life insurance in just 10 minutes and without having to take a medical exam. That means you can optimize your financial security in between changing diapers and driving kids to school. 

And then there’s the Fabric app, which was designed with families in mind. You can download the app to check your policy details and then start using it for so much more. College saving, rainy day funds – the app can do so, so much. It also makes it easy to share financial details with your partner, allowing you to work together to build a bright financial future for your kids.

Now, there are downsides to Fabric. If you want whole life insurance, you’ll have to look elsewhere. And if you prefer in-person interactions to a digital application process, Fabric isn’t for you.

But if you like the idea of accessing term life insurance online, then Fabric is a fantastic option.

Commonly Asked Questions About Fabric Life Insurance

What are Alternatives to Fabric Life Insurance?

Some alternatives to Fabric include:

• Ethos (read full Ethos life insurance review here)
• Ladder (read full Ladder life insurance review here)
• Haven Life (read full Haven Life insurance review here) 
• Walnut (read full Walnut life insurance review here)
• Everyday Life (read full Everyday Life insurance review here)

Like Fabric, these companies provide life insurance that you can easily apply for online.

Is Fabric Life Insurance a Scam?

Fabric life insurance definitely isn’t a scam. It’s technically called “Fabric by Gerber Life.” Why? Because it’s owned by Western & Southern, a massive insurance company that also owns Gerber Life Insurance. Western & Southern also has an A+ rating from A.M. Best. 

What is The Catch With Fabric Life Insurance?

The only catch with Fabric life insurance is that it’s not available in California or New York. So, if you live in one of those states, you’ll have to find a different life insurance provider.

Fabric by Gerber Life? 

Fabric by Gerber Life is a life insurance provider owned by Western & Southern, a massive insurance company with an A+ rating from A.M. Best. It offers a convenient online application process, and it’s totally legit. It even gets 4.8 stars on the review site Trustpilot.

What is the AM Best Rating for Fabric Life Insurance? 

Fabric life insurance policies are issued by Western-Southern Life Assurance Company, which has an A+ rating from A.M. Best.

Does Fabric Offer Whole Life Insurance?

Unfortunately, Fabric doesn’t offer whole life insurance. With Fabric, you can only get term life insurance. Available term lengths are 10, 15, 20, 25, and 30 years.