Fabric Technologies Inc. — the parent of Fabric, a high-profile web-based life insurance agency — has developed a mobile phone app that can help a user create a will, build a list of financial accounts, and establish a vault for important documents.
A user can arrange to share the digital vault with spouses, partners and other key people, Fabric says.
The New York-based company has started by offering the app through the Apple App Store. An Android version will be available soon, the company says.
Fabric’s founders have aimed the company’s services primarily at parents. The company has been selling life insurance and accidental death insurance from Vantis Life Insurance Company in most states, and from Vantis Life Insurance Company of New York in New York state.
One of the company’s backers is an arm of Reinsurance Group of America Inc.