We couldn’t be more excited to announce that Bessemer Venture Partners has led a $10 million Series A investment in Fabric, with participation from the global reinsurance giant RGA, existing investors, and Silicon Valley Bank, which provided a credit facility.
We launched Fabric a little over a year ago to help all families achieve financial security. We’re now proud to be serving thousands of families who have purchased insurance coverage through us.
What’s special about Fabric is that everyone here cares deeply about providing a service that is easy to understand, affordable, and hassle-free. The numbers show that we are on the right path. In fact, two in three members who purchased Fabric Instant did so on their very first visit.
We accomplish that ease of use by combining world-class engineering and design with our commitment to help families achieve financial security. And importantly for our members, policies are issued by Vantis Life, an “A+” rated insurer founded in 1942. (How do life insurance ratings agencies work?)
Busy parents deserve better than endless meetings with agents and complicated life insurance products. Fabric is here to change that.
We are just getting started, and with this new round of financing, we are doubling down on our commitment to helping make financial protection easy for new families. If this is your first time visiting us, please have a look around, and if you want to have a real impact on families’ lives, come join us!
Fabric exists to help young families master their money. Our articles abide by strict editorial standards.
Fabric Insurance Agency, LLC offers a mobile experience for people on-the-go who want an easy and fast way to purchase life insurance. Policies are issued by Vantis Life Insurance Company. (Vantis Life), Windsor, CT (all states except NY), and by Vantis Life Insurance Company of New York, Brewster, NY (NY only).
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Blame participation trophies or the fact that many millennials entered the job market around the time the Great Recession hit, but millennials sometimes have a hard time shaking a reputation for being stuck in extended adolescence. The truth is, the generation that coined “adulting” as a verb has been grown up for a while now. Most millennials have already seen our 10-year college reunion come and go, or we may face the shock of hearing we’re experiencing a “geriatric” pregnancy (at 35, really?). As your life grows to include more responsibilities and loved ones who depend on you, it’s time to consider whether life insurance might be the right next step.
Top signs of “adulting” include saving money, doing taxes, and signing up for life insurance, according to Fabric’s new research. Read on for more surprising insights.
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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