AmeriSave teams up with digital insurer Ladder to support customers

AmeriSave-Mortgage-Corporation-partners-digital-insurer-Ladder-to-help customers-protect-their-homes-and-family

AmeriSave Mortgage Corporation, an online home mortgage lender, has partnered with digital insurer Ladder to help customer protect their homes and family.

Founded in 2002, AmeriSave Mortgage Corporation is a leading mortgage lender best known for pioneering the first truly digital mortgage experience to borrowers. With six major loan centers located across the U.S., AmeriSave is a direct-to-consumer lender.

Ladder is a full-stack, digital life insurance company. The company offers flexible online term coverage in minutes that can save policyholders up to 40% by adjusting their coverage as their life changes, Ladder uses real-time underwriting to make life insurance as accessible, affordable, and beloved as it should be.

AmeriSave said the new partnership with Ladder will enable its customers to easily apply online for term life insurance with approvals in minutes and no medical exams required for coverage up to $3m (just some health-related online application questions).

Life insurance can help protect the financial security of family members in the unfortunate event of losing a primary income earner.

While coverage premium rates can vary depending on the policyholder’s age and a variety of other factors, the price of $500,000 of coverage through AmeriSave and Ladder starts at just $18 per month.

Mike Izakov, head of financial institution partnerships at Ladder, said, “A home is usually a family’s most important asset, so protection is critical. By embedding straightforward, affordable and flexible life insurance into their borrower journey, AmeriSave is making it seamless for their customers to protect their loved ones, helping ensure that families can maintain their sense of community and lifestyle during difficult times.”

Mike Berte, president and chief operating officer of AmeriSave Mortgage Corporation, said,

“At AmeriSave, we’re dedicated to helping our customers save money, whether that’s through low-rate mortgages, with high-quality homeowner’s insurance, by helping reduce energy costs through solar power or now, with top-of-the-line term life insurance.”

Earlier this month, CoverEase, a digital insurance broker, has partnered with life insurer Ethos to bolster its digital life insurance offering.

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