Free App: Life Insurance, Wills and Family Finance
Monday, 12 02 2019, Category: Technology, Country: World
Fabric, an innovator in helping parents protect their family's financial future, today announced the launch of a free mobile app. Unlike budgeting apps for managing daily finances, Fabric's new app aims to fill a clear need that parents have when planning for their family's long-term financial well-being.
Available today on the Apple App Store and coming soon to Android, the app allows parents to apply for term life insurance straight from their phone, create a free will in about five minutes and collaborate with their spouse or partner to build a shared list of financial accounts and important documents, stored all in one place. Parents can also easily coordinate with beneficiaries, children's guardians and more – right from the app.
"Money can be especially stressful when you're trying to build a family and a career," said Adam Erlebacher, CEO and co-founder of Fabric. In one survey by Everyday Health, 52% of respondents said financial issues regularly stress them out, and people between the ages of 38 to 53 were the most stressed out financially.