Full-Time

Senior Product Manager

Posted on 10/28/2024

Ladder

Ladder

51-200 employees

Digital term life insurance provider

Fintech
Financial Services

Compensation Overview

$170k - $195kAnnually

Senior

Palo Alto, CA, USA

Hybrid role requiring in-office presence 1-2 days per week.

Category
Product Management
Product
Required Skills
Data Science
Product Management
Data Analysis
Requirements
  • 5+ years of product management experience at a consumer technology product company
  • Solid experience in experimental design, statistics, and other analytical concepts for experimentation
  • Proven history managing complex stakeholder engagements
  • Experience working in a regulated industry (finance, insurance, healthcare, etc) a plus
  • Deep user empathy and experience building products to solve user problems
  • Strong product/design sense as evidenced by years of shipping delightful products and features
  • Solid analytical skills and experience using data with product thinking and judgment to drive product decisions
  • Experience working with data scientists and engineers to use machine learning models to drive growth
  • Excellent communication skills
  • A spirit of curiosity and generous listening
Responsibilities
  • Stand in the shoes of our users and maintain a constant pulse on their needs and the problems they face
  • Develop a deep understanding of our product — a delightful, smart, straightforward user experience that works in concert with precision underwriting to build the foundation for a decades-long, strong user relationship
  • Live and breathe our data. It’s the first line of feedback from users
  • Leverage data and user research to identify and prioritize new product opportunities
  • Design, develop, and execute experiments to test data-driven hypotheses for driving product growth
  • Prioritize relentlessly to ensure we are working to the greatest benefit of our users
  • Communicate the product vision

Ladder Life provides term life insurance through a digital platform aimed at individuals looking for a straightforward and efficient way to obtain coverage. Customers can apply for up to $3 million in coverage without needing medical exams or extensive paperwork, making the process quick and accessible. For higher coverage amounts, a simple at-home health check may be required. This digital-first approach not only streamlines the application process but also helps lower costs, allowing Ladder Life to offer more affordable premiums compared to traditional life insurance providers. Additionally, Ladder Life features a coverage calculator to assist customers in determining their insurance needs, typically suggesting coverage that is ten times their salary to cover major expenses like mortgages and education. The goal of Ladder Life is to make life insurance easy and affordable for everyone.

Company Stage

Series D

Total Funding

$190.7M

Headquarters

Palo Alto, California

Founded

2015

Growth & Insights
Headcount

6 month growth

0%

1 year growth

-12%

2 year growth

-18%
Simplify Jobs

Simplify's Take

What believers are saying

  • Ladder's integration with Envestnet | MoneyGuide empowers financial advisors to seamlessly offer digital term life insurance, potentially increasing market penetration.
  • The partnership with AmeriSave Mortgage Corporation provides a significant opportunity to cross-sell life insurance to mortgage customers, enhancing revenue streams.
  • Ladder's digital model and streamlined processes can attract tech-savvy customers looking for hassle-free insurance solutions, driving customer acquisition and retention.

What critics are saying

  • The reliance on digital platforms may alienate older or less tech-savvy customers who prefer traditional methods of purchasing insurance.
  • Intense competition in the digital life insurance space from both startups and established insurers could pressure Ladder to continuously innovate and reduce margins.

What makes Ladder unique

  • Ladder Life's digital-first approach eliminates the need for medical exams for coverage up to $3 million, streamlining the application process and reducing costs.
  • The ability to 'ladder' coverage, allowing policyholders to adjust their coverage as needed, offers a unique flexibility not commonly found in traditional life insurance policies.
  • Partnerships with organizations like WEA Member Benefits and AmeriSave Mortgage Corporation extend Ladder's reach into niche markets, enhancing its competitive edge.

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