MeetFabric.com, the will creation arm of Fabric Insurance Agency, has been offering its services since 2015. Despite its short existence, Fabric has an excellent reputation, as it boasts a Trust Score of 4.8/5, which over 1,500 reviews have bolstered.
Fabric styles itself as the family-friendly will option. But, are they right for your family? By examining their service offerings, strengths & weaknesses, pricing plans, and more, we’ll get a fuller picture of MeetFabric.com.
Services:
Last will and testament
Living will
Power of attorney (financial)
Will Codicil
Living trust
Power of attorney (medical)
Map:
Price level:
Free
Official website:
https://meetfabric.com/
Overall rating55.0%
Updated Dec 15, 2020
Fabric Review 2021
MeetFabric.com, the will creation arm of Fabric Insurance Agency, has been offering its services since 2015. Despite its short existence, Fabric has an excellent reputation, as it boasts a Trust Score of 4.8/5, which over 1,500 reviews have bolstered.
Fabric styles itself as the family-friendly will option. But, are they right for your family? By examining their service offerings, strengths & weaknesses, pricing plans, and more, we’ll get a fuller picture of MeetFabric.com.
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Pros and cons
Easy to use platform and step-by-step help in creation process
Mobile app available for both iOS and Android devices
Fabric.com is a one-stop shop for your legal needs. You can apply for life insurance, create your will, and organize your family’s important financial and legal information, all in one place! You can go online from your laptop or desktop or download a mobile app. Term life insurance and accidental death policy are issued by Vantis Life, a life insurance company founded in 1942 and currently rated “A+” for financial strength and claims-paying ability by A.M. Best.
Credibility: Is Fabric legit?
Established in
2015
Registered in
Brooklyn, NY
Google Rating
BBB grade
А+ (accredited)
Fabric.com has been on the market for over 5 years now and had enough time to build a strong reputation with its customers. The company is accredited with the Better Business Bureau with an A+ rating, and the Google reviews are very high, 4.7 stars out of 5.
The main business of Fabric.com is selling life insurance, but they also offer free templates for creating your will.
Is Fabric safe? Is Fabric.com secure?
Fabric takes data security and protection very seriously. Their Web APIs and web pages are secured with High Assurance SSL certificates that support encryption algorithms with key lengths up to 256 bits and prohibit any key lengths shorter than 128 bits.
Fabric’s cloud infrastructure, where all your documents are stored, employs Multi-Factor Authentication for management operations. All the sensitive information is protected by encryption algorithms.
Fabric applications undergo regular internal source code audits. Internal audits are augmented by regular third-party audits.
High standards and leading practices identified by independent security organizations (e.g., OWASP) are integrated into all Fabric code creation processes. All these measures make Fabric a safe a secure site that you can trust.
Fabric Services and Pricing
MeetFabric.com offers simple Last Will & Testaments for free. However, it does charge for life insurance policies, its staple product.
MeetFabric.com is more than a will creation service. Below, we’ve outlined everything they offer:
Services
one-doc
Package
Subscription
Last will and testament
$0.00
Other services:
Term Life Insurance
Accidental Death Insurance
Fabric Vault
Last Will and Testament
Communicates your last wishes regarding the division of your estate. It also names the guardian of minor children and expresses preferences for their funeral.
Term Life Insurance
Protects your loved ones in the event of your passing. Should it occur while the policy is active, the insurer will make a lump sum payment to the beneficiary
Accidental Death Insurance
Provides protection to those between the ages of 25 to 44. If you die from covered causes, your named beneficiary will receive a lump-sum payment.
Fabric Vault
– Stores all details of your will, insurance policies, and financial accounts controlled by you and your spouse.
Fabric: Strong Points
It’s free – Selling life insurance policies is how Fabric makes money. However, their will creation tool is free for anyone to use. This move is a smart one, as it acts as a lead generation machine for their core business. Meanwhile, scores of people get to make a free Last Will & Testament. Everyone wins.
Convenient access to life insurance products – Just started a family recently? If so, buying a life insurance policy may be the smartest financial move you can make. In the event of your untimely death, those left behind will get a sizable lump sum payment. If you currently have a modest estate, buying this product can further ensure your loved ones will be okay.
Quick and easy – Numerous Fabric will creators praise this company for its easy-to-use platform. In particular, many highlighted how Fabric walked them through the process, step-by-step.
Fabric: Weak Points
Limited options – Fabric offers a free will creation tool that’s quick and easy. However, that simplicity comes at a cost. If you want to write a will that is even slightly complex, you’ll run into problems. For starters, you can’t name more than one beneficiary. And, if you want to name a non-minor beneficiary in case of the instant death of both parents? Not possible.
Invasive, unethical marketing tactics – Some users report that Fabric sent their named beneficiaries marketing material for life insurance. Always read your terms & conditions carefully!
Will creation tool not tailored to individual states – Rules & regulations governing will creation can vary significantly from state-to-state. Fabric’s will creation tool does not appear to tailor wills to specific states. That’s probably why (at this point, at least) their will creation process is limited in scope.
Compare Fabric
Please see some prominent Fabric competitors below. Like many of them, Fabric works in all states. However, it does not charge any fees for creating an online will. Unlike Rocket Lawyer, it does not offer attorney support, and of course, there is no money-back guarantee and no free trial because there are no fees in the first place.
The simplicity of Fabric’s will creation tool is one of its biggest selling points. In fact, for reasons already mentioned, it’s probably a bit too simple. That said, if you have an uncomplicated estate, Fabric is a solid, affordable option. Additionally, if you’ve meant to purchase a life insurance policy for some time, Fabric provides convenient, one-stop shopping.
Instructions
Yes
Output format
PDF
Turnaround Time
Instant
Platform
web-based/APP
Updates
Yes
Unique Functions Offered by Fabric
MeetFabric.com offers more than free Last Will & Testaments. Below, we’ll run down additional services they offer:
Life Insurances
When it comes to calming sleep-stealing anxiety, getting a life insurance policy stands shoulder-to-shoulder with will creation. This offering is Fabric’s main product – after completing your Last Will & Testament, get a quote for Term Life or Accidental Death Insurance.
Fabric Vault
This tool keeps your will, life insurance policies, and core financial information in one central place. If something happens to you, your executor will have easy access to this vital information.
Mobile App
More people than ever are using their phone/tablet as their primary web platform. Fabric has an app that makes it easy to manage your will and insurance holdings.
Blog
Stay on top of the latest developments in the estate planning and insurance worlds on Fabric’s blog.
FAQ
Is there a charge for creating a will?
No, the will-making template is free. You only pay if you want to buy life insurance, the main product of MeetFabric.com.
Can I get legal advice from Fabric?
No, Fabric is not a law firm. They do not provide any legal advice. In case you need help with some technical issues, you can contact their customer support from your Fabric account or by email support@meetfabric.com
Is Fabric services available in my state?
Life insurance is available in all states (and the District of Columbia) except for Colorado, Massachusetts, Montana, New York, North Dakota, Pennsylvania, Virginia, and Washington. For your will, you will need to check with an attorney if it is legal in your state.
Is it safe to give Fabric my personal information, including SSN?
Some users report that Fabric sent their named beneficiaries marketing material for life insurance. Please read your terms & conditions carefully and uncheck all the unwanted boxes.
Can I create a mirror or a joint will with my spouse?
No, each will should be created separately.
Bottom Line
Do you have an uncomplicated estate, and want to save money? If so, MeetFabric.com’s legit will creation tool may work for you. However, to cover all 50 states, the scope of this tool is quite limited. As such, those wanting to write detailed provisions may want to find another free will provider.
