Life insurance is the latest addition to AmeriSave’s growing product offering
AmeriSave Mortgage Corporation, one of the nation’s leading online home mortgage lenders, has launched a new partnership with Ladder, the leader in digital life insurance, aimed at helping customers protect their homes and family with affordable and flexible life insurance coverage.
“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.”
The new partnership with Ladder enables AmeriSave customers to easily apply online for term life insurance with approvals in minutes and no medical exams required for coverage up to $3 million (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.
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“A home is usually a family’s most important asset, so protection is critical,” said Mike Izakov, Head of Financial Institution Partnerships at Ladder. “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.”
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.*
“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,” said Mike Berte, president and chief operating officer of AmeriSave Mortgage Corporation.
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“A home is the biggest investment that most consumers will ever make, which is why it’s a wise choice for borrowers to protect that investment with life insurance,” said Doug Reynolds, president of AmeriSave Insurance, a division of AmeriSave Mortgage. “We are incredibly proud to partner with Ladder which, like AmeriSave, has automated its underwriting process to offer services more efficiently and pass the savings along to our customers.”
The announcement of AmeriSave’s new partnership with Ladder follows the announcement last year of a similar partnership aimed at helping AmeriSave customers save money on homeowner’s insurance, another cost associated with owning a home.
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