New member benefit helps families take action to plan for the future
SoFi, the digital personal finance company, and Ladder, the company making life insurance easy and digital, announced an expansion of their existing partnership to include estate planning. SoFi members will now have the ability to draft a will for free and have access to additional offerings for more complex estate-planning needs, such as setting up a living trust, pet trust, or special needs trust, as well as establishing healthcare directives and power of attorney, for an added cost.
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“In these times of uncertainty, SoFi is committed to helping our members manage their financial needs and navigate their plans for every stage of life,” said Anthony Noto, SoFi CEO. “As our partner in life insurance, we are pleased to team up with Ladder once again to offer estate-planning services to our members so they can have confidence as they prepare for their family’s future.”
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The partnership with Ladder is powered by NetLaw, an award-winning online legal document platform, to provide a way for SoFi members to obtain estate planning documents which may be used to draft a will for free. SoFi members can access this benefit from the SoFi Protect life insurance homepage, which will direct them to create an account and follow a step-by-step guide to draft their will. SoFi members will also have the ability to store documents in a secure online document vault and make unlimited revisions to their will. Those who have more complex estate-planning needs, like setting up a trust or power of attorney, will be able to assemble those documents as well, for an additional cost.
“Ladder is all about watching out for those you love,” said Jamie Hale, Ladder CEO, and Co-Founder. “With this new addition to our relationship, SoFi’s members will be able to check both life insurance and estate planning off their list, quickly and easily, as part of a robust financial plan that encompasses their family’s needs.”
