Why Families Are Turning to Fabric for Term Life Insurance
By: Conor Keenan Last updated October 04, 2025
Conor Keenan, co-founder of CompareAccounts, is a notable personal finance expert with work seen in Wall Street Journal | Associated Press | Reuters | Yahoo Finance
Editorial Independence: Our opinions, reviews, and recommendations are our own. Partner commissions keep our site free, but our content remains independent.
When You’re Raising a Family, You Don’t Have Time for Complicated.
Diaper blowouts. A toddler who thinks 3 a.m. is party time. School lunches. Parents have a lot on their plate—and thinking about life insurance often falls to the bottom of the to-do list.
But here’s the truth: if someone depends on your income or caregiving, you need life insurance. And for families, there’s one name that keeps coming up: Fabric by Gerber Life.
Why? Because Fabric was built for families—by parents who understand the chaos, the love, and the stakes.
🍼 Life Insurance That Speaks Parent
Here’s what makes it a good choice for young families:
✅ Apply in 10 Minutes: The application is 100% online, ideal for people who don’t want to spend time at an agent’s office. No medical exam for most applicants. Just a fast, digital experience you can knock out during nap time.
✅ Instant Coverage Decisions: Many applicants get approved instantly and can start coverage immediately.
✅ Affordable Plans: Term life insurance starting for less than $1 per day*. That’s less than what you probably spent at Starbucks this week.
✅ Real Coverage for Real Families: Choose from $100K to $5 million in term life coverage—enough to cover a mortgage, childcare, college, and more.
✅ Free Financial Tools: This is where Fabric really stands out:
- ✍️ Create a free online will in about 5 minutes
- 🎓 Open a Uniform Gifts to Minors Accounts (UGMA) to invest for your kids
- 🔐 Securely store and share key family documents in a digital vault
It’s not just life insurance—it’s a financial planning platform for people who’ve traded brunches for baby wipes.
💪 Backed by Strength
Fabric isn’t some startup running out of someone’s basement. It’s backed by Western-Southern Life Assurance Company, with:
- 6.5 million customers
- A+ (Superior) financial strength rating from AM Best
- Over 135 years of experience
- $1.5 billion in claims paid
That means when your family needs them most, they’ll be there.
🤔 Is It the Best? Let’s Talk.
No product is perfect for everyone, and it wouldn’t be honest to pretend otherwise. Fabric focuses on simplicity and speed—ideal for tech-savvy parents.
But if you:
- Need permanent life insurance (like whole or universal life)
- Want lots of customization or extra riders
- Live in a state where Fabric isn’t available (like NY)
…you might want to explore other options too.
Still, for most young families, Fabric strikes an ideal balance of value, convenience, and smart features built around your real life. And here’s what seals the deal for a lot of parents:
✅ No hidden fees
✅ 30-day free trial. Cancel anytime.
✅ Bank-level encryption and security
You’re trusting them with your family’s future—and Fabric takes that seriously.
📉 The Longer You Wait, the More It Costs
Fabric offers a price lock guarantee, once you purchase a policy your rate doesn’t change. Life insurance only gets more expensive as you age—or if health issues arise. Locking in a low monthly rate now could save you thousands over the life of your policy.
More importantly, it gives you peace of mind today.
Your family is growing. So should your plan to protect them.
💻 Get Covered Before Your Next Coffee Break
Don’t wait until “someday” turns into “too late.” You can check your rate with Fabric in under 60 seconds—no pressure, no commitment.
👉 See Your Rate with Fabric Now →
(You might be surprised how affordable peace of mind really is.)
Because your family deserves a plan—even if you’re still winging everything else.
Parents Choice
- Policies up to $1.5M with no exam for qualifying applicants
- Complete the 100% Digital Application in under 10 Minutes
- Instant Coverage Available
- Free Last Will & Testament Available
- Kids Investment Account Available for Kids under 15 Years Old
- No Hidden Fees
- Bank Level Security
- 30-Day Money-Back Guarantee
- Cancel Anytime
- See Site for Details
On Fabric by Gerber Life's
Secure Site
*Pricing shown in the “$1/day” quote is as of 5/15/25 for a 10 year term and based on a 30-year-old, 170 lb, 5’4”, non-smoker female in TX in excellent health.
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1. Up to $300 Bonus Tiered Disclosure
New and existing Checking and Savings members who have not previously enrolled in Direct Deposit with SoFi are eligible to earn a cash bonus of either $50 (with at least $1,000 total Eligible Direct Deposits received during the Direct Deposit Bonus Period) OR $300 (with at least $5,000 total Eligible Direct Deposits received during the Direct Deposit Bonus Period). Cash bonus will be based on the total amount of Eligible Direct Deposit. If you have satisfied the Eligible Direct Deposit requirements but have not received a cash bonus in your Checking account, please contact us at 855-456-7634 with the details of your Eligible Direct Deposit. Direct Deposit Promotion begins on 12/7/2023 and will be available through 1/31/2026. Full terms at sofi.com/banking. SoFi Checking and Savings is offered through SoFi Bank, N.A., Member FDIC. SoFi members with Eligible Direct Deposit can earn 4.50% annual percentage yield (APY) on savings balances (including Vaults) and 0.50% APY on checking balances. There is no minimum Eligible Direct Deposit amount required to qualify for the 4.50% APY for savings (including Vaults). Members without Eligible Direct Deposit will earn 1.00% APY on savings balances (including Vaults) and 0.50% APY on checking balances. Interest rates are variable and subject to change at any time. These rates are current as of 1/24/25. There is no minimum balance requirement. Additional information can be found at http://www.sofi.com/legal/banking-rate-sheet.
2. APY disclosures
SoFi members who enroll in SoFi Plus with Eligible Direct Deposit or by paying the SoFi Plus Subscription Fee every 30 days or SoFi members with $5,000 or more in Qualifying Deposits during the 30-Day Evaluation Period can earn 4.50% annual percentage yield (APY) on savings balances (including Vaults) and 0.50% APY on checking balances. There is no minimum Eligible Direct Deposit amount required to qualify for the stated interest rate. Members without either SoFi Plus or Qualifying Deposits, during the 30-Day Evaluation Period will earn 1.00% APY on savings balances (including Vaults) and 0.50% APY on checking balances. Interest rates are variable and subject to change at any time. These rates are current as of 1/24/25. There is no minimum balance requirement. If you have satisfied Eligible Direct Deposit requirements for our highest APY but do not see 4.50% APY on your APY Details page the day after your Eligible Direct Deposit arrives, please contact us at 855-456-7634. Additional information can be found at http://www.sofi.com/legal/banking-rate-sheet. See the SoFi Plus Terms and Conditions at https://www.sofi.com/terms-of-use/#plus.
3. Fee Policy
We do not charge any account, service or maintenance fees for SoFi Checking and Savings. We do charge a transaction fee to process each outgoing wire transfer. SoFi does not charge a fee for incoming wire transfers, however the sending bank may charge a fee. Our fee policy is subject to change at any time. See the SoFi Checking & Savings Fee Sheet for details at sofi.com/legal/banking-fees/.
4. Additional FDIC Insurance
SoFi Bank is a member FDIC and does not provide more than $250,000 of FDIC insurance per legal category of account ownership, as described in the FDIC’s regulations. Any additional FDIC insurance is provided by the SoFi Insured Deposit Program. Deposits may be insured up to $3M through participation in the program. See full terms at SoFi.com/banking/fdic/sidpterms See list of participating banks at SoFi.com/banking/fdic/receivingbanks
5. ATM Access
We’ve partnered with Allpoint to provide you with ATM access at any of the 55,000+ ATMs within the Allpoint network. You will not be charged a fee when using an in-network ATM, however, third-party fees incurred when using out-of-network ATMs are not subject to reimbursement. SoFi’s ATM policies are subject to change at our discretion at any time.
6. Early Access to Direct Deposit Funds
Early access to direct deposit funds is based on the timing in which we receive notice of impending payment from the Federal Reserve, which is typically up to two days before the scheduled payment date, but may vary.
7. Overdraft Coverage
Overdraft Coverage is limited to $50 on debit card purchases only and is an account benefit available to customers with Eligible Direct Deposits of $1,000 or more during the current 30-day Evaluation Period as determined by SoFi Bank, N.A. The 30-Day Evaluation Period refers to the “Start Date” and “End Date” set forth on the APY Details page of your account, which comprises a period of 30 calendar days (the “30-Day Evaluation Period”). You can access the APY Details page at any time by logging into your SoFi account on the SoFi mobile app or SoFi website and selecting either (i) Banking > Savings > Current APY or (ii) Banking > Checking > Current APY. Members with a prior history of non-repayment of negative balances are ineligible for Overdraft Coverage.
8. 0.70% Savings APY Boost
Earn up to 4.50% Annual Percentage Yield (APY) on SoFi Savings with a 0.70% APY Boost (added to the 3.80% APY as of 8/5/25) for up to 6 months. Open a new SoFi Checking & Savings account with Eligible Direct Deposit by 1/31/26. Rates variable, subject to change. Terms apply at sofi.com/banking#2. SoFi Bank, N.A. Member FDIC.
On SoFi's Secure Site,
Member FDIC
Fabric Term Life Insurance Pricing Disclosure
*Pricing shown in the “$1/day” quote is as of 5/15/25 for a 10 year term and based on a 30-year-old, 170 lb, 5’4”, non-smoker female in TX in excellent health.