We believe every family deserves a secure financial future. And today we're thrilled to be launching a category-creating app designed to help parents tackle their long-term financial must-do lists. As busy parents working alongside other busy parents, it became obvious to us that today’s dusty old products and tools weren’t cutting it, so we built this app for you (and for ourselves).
Unlike budgeting apps that help you manage your daily finances, the Fabric app aims to fill a clear need that parents have when planning for their family’s long-term financial well-being.
The Fabric app allows you to apply for term life insurance straight from your phone, create a free will in about five minutes, and collaborate with your spouse or partner to build a shared list of financial accounts and important documents, all in one place. Parents can also easily coordinate with beneficiaries, children’s guardians and more—right from the app.
Our insurance policies are issued by Vantis Life, currently rated “A+” (“Superior”) for financial strength by A.M. Best and wholly owned by Penn Mutual (Est 1847).
Starting a family can feel like a huge leap of faith. You’re never quite ready. Then all of a sudden, you’re responsible for a little human who didn’t come with an instruction manual. To make things harder, as parents we need to think ahead to protect our family’s future. We need to see around corners. But it’s hard to know where to begin.
We started Fabric to help you begin. Our goal is to help you tackle your parent must-do-list—the things you know you should be doing, but haven’t yet. They may feel intimidating, so you put them off, but it doesn’t have to be that way.
We’ve worked really hard to make tackling your to-dos procrastination-free. Get the app and let us know what you think!
Fabric exists to help young families master their money. Our articles abide by strict editorial standards.
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Accidental Death Insurance policies (Form VL-ADH1 with state variations where applicable) and Term Life Insurance policies (Form ICC16-VLT, ICC19-VLT2, and CMP 0501 with state variations where applicable) are issued by Vantis Life Insurance Company (Vantis Life), Windsor, CT (all states except NY), and by The Penn Insurance and Annuity Company of New York (NY only). Coverage may not be available in all states. Issuance of coverage for Term Life Insurance is subject to underwriting review and approval. Please see a copy of the policy for the full terms, conditions and exclusions. Policy obligations are the sole responsibility of Vantis Life.
All sample pricing is based on a 25-year old F in Excellent health for the coverage amount shown. All samples are for a 10-year term policy, unless otherwise stated. Term Life Insurance policies (Form ICC16-VLT, ICC19-VLT2, and CMP 0501 with state variations where applicable) are issued by Vantis Life Insurance Company (Vantis Life), Windsor, CT. Coverage may not be available in all states. Issuance of coverage for Term Life Insurance is subject to underwriting review and approval. Please see a copy of the policy for the full terms, conditions and exclusions. Policy obligations are the sole responsibility of Vantis Life.
A.M. Best uses letter grades ranging from A++, the highest, to F, companies in liquidation. Vantis Life’s A+ (Superior) rating, which was reaffirmed in April 2020, ranks the second highest out of 16 rankings. An insurer’s financial strength rating represents an opinion by the issuing agency regarding the ability of an insurance company to meet its financial obligations to its policyholders and contract holders and not a statement of fact or recommendation to purchase, sell or hold any security, policy or contract. These ratings do not imply approval of our products and do not reflect any indication of their performance. For more information about a particular rating or rating agency, please visit the website of the relevant agency.
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