New US insurtech Fabric targets parents
The number of insurtechs in the life insurance space has been growing, and now another new player, Fabric, is entering the fray with an offering that aims to provide coverage for new and expecting parents.
Fabric will offer two products to start: an accidental death policy, called Fabric Instant, which users can obtain in two minutes online; and Fabric Premium, a more comprehensive 20-year term policy.