Protect Your Family with Fabric Life Insurance

Fabric is a financial protection app built for parents and families. It offers two products in one place: term life insurance, which pays a benefit to your family if you pass away during the coverage period, and a digital will, which lets you document your wishes for your belongings and, importantly, name guardians for your children.

Life insurance can feel complicated and intimidating, but Fabric was designed to make it approachable. The application process happens through the app and takes around 10 to 20 minutes. You answer health questions, choose your coverage amount and policy term length, and Fabric provides a quote. Many applicants are approved quickly without needing a medical exam, though some applicants based on age or health history will be asked to complete one.

The type of insurance Fabric sells is called term life insurance. This means the policy covers you for a specific number of years — usually 10, 15, 20, or 30 years — and pays a benefit called the death benefit to your named beneficiaries if you pass away during that term. Term life is different from whole life insurance, which covers you permanently but costs much more per month. For most families with children at home, term life insurance is the practical and affordable choice.

Coverage amounts on Fabric usually range from $100,000 to several million dollars. A common guideline is to carry coverage equal to 10 to 12 times your annual income, but the right amount depends on your debts, your family's expenses, and your financial situation.

The Fabric will feature is free for anyone, even if you do not purchase life insurance. Creating a basic digital will in Fabric takes about 15 minutes and lets you name a guardian for minor children — one of the most important things a parent can do and something many people put off for years.