Did you know that if you die without a last will and testament, any property you own will be distributed according to the law of whichever state you live in? Which means, for the 64% of adults who don’t have wills in Oklahoma, their executor administrator list will look starkly different than those in New Jersey. Enter Brooklyn-based start up, Fabric, who aims to help Millennial families secure their financial future by offering both life insurance and the ability to write mobile wills online. Founded after the birth of founder Adam Erlebacher’s first child, Adam said a sense of mortality and a desire to protect his family in the event of an accident was the catalyst for launching his financial family plan. Since the buying process for his own life insurance and other financial planning tools was a nightmare, Fabric is trying to close the gap for Millennial parents while providing education. Fabric was founded on the idea of simple and easily executed financial planning in under 10 minutes online or via mobile device. Here with me to discuss more is Fabric’s Millennial Money Expert, Allison Kade.
Brian Kelly is the founder and CEO of The Points Guy, a digital platform renowned for all things points, miles and travel-related. You can also hear my interview with him on his podcast HERE
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