Fabric

Fabric’s free app for iOS and Android is a one-stop-shop to help families plan for their long-term financial well-being. Unlike budgeting apps for managing daily finances, Fabric's app fills a clear need that parents have when planning for their family's long-term financial well-being. Fabric’s app allows parents to apply for term life insurance straight from their phone and get results in a matter of minutes. Users can also use the app to create a free will in about five minutes and name a guardian for their children—a must for every parent—and help ensure their assets go to the people of their choosing. Users can also use it to 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. The Fabric app is beautifully designed and easy to use. Users can start by answering questions to understand their family life and financial situation, and determine which Fabric tools can help. These tools are presented as a simple checklist so you can tackle each item, one by one, and includes insights on whether users may need life insurance or a will, and tips for how their family can better organize your family's financial accounts and important documents. Additionally, the Fabric app was built with bank-level security, employing modern 256-bit encryption, two-factor authentication, automatic lockout and biometrics.