Ethos Life Insurance

Dec 08, 2023 By Susan Kelly

Ethos is an internet insurance company that began selling term and whole-life plans in 2016. The complete online application may be finished in as little as ten minutes, and the vast majority of individuals who are eligible for coverage do not have to go through a medical examination. When determining eligibility and pricing, Ethos considers information, including your driving records, your family's medical history, and the medications you are now on.

Ethos received 3.5 out of a possible 5 stars in terms of its overall performance. Our editorial staff is responsible for assigning ratings. Consumer feedback, as collected by the National Association of Insurance Commissioners, is included in the score algorithm, as are judgments of the company's ability to meet financial obligations.

Ethos Life Insurance Policies

Life insurance on a term basis. Ethos Life Insurance provides individuals aged 20 to 65 in every state outside New York with term life insurance coverage ranging from $20,000 to $2 million, with the exception of New York. You can purchase a policy with a term length of 10, 15, 20, or 30 years, and Legal & General America, Ameritas Life Insurance Corp., or TruStage are the companies that issue insurance.

The application process for Ethos life insurance does not need a medical exam, but you will be asked questions about your health and lifestyle. Should you want assistance, the firm has licensed agents available; however, they do not operate on a commission basis. In most cases, it will base its conclusion on your replies and data from other parties, such as records from MIB Group. On the other hand, an underwriter may get in touch with you to request further information in certain circumstances.

Whole Life Insurance

In addition, the organization offers full life insurance to customers between the ages of 66 and 85. Instant approval is given to applicants regardless of their previous medical conditions, and coverage levels vary anywhere from $1,000 to $30,000. All states, with the exception of New York, have access to the policies that are provided via TruStage.

Available Riders

You may personalize your life insurance coverage by adding riders, which are essentially add-ons that allow you to access living benefits or suspend premium payments if you become disabled. Ethos is different from the firms we recommend since it only has a limited number of riders to choose from.

Terminal Illness Rider

Should you be diagnosed with a life-threatening condition that reduces your expected lifespan significantly, you will be able to obtain a part of the death benefit thanks to this rider. This rider could be included on certain policies by Ethos for no extra cost upfront if you want to have it.

Accidental Death Benefit

This rider, available to certain applicants, provides an extra reward if the insured person passes away due to an accident.

Perks Rider

This rider, part of whole-life policies for elderly citizens, gives policyholders a free membership to Legacy Assurance for one year. Legacy Assurance is a service that may assist policyholders in saving money on certain burial costs.

Ethos Customer Complaints

Three years' worth of complaints to state regulators indicates that Legal & General, TruStage, and Ameritas, the insurance firms that issue Ethos' policies, received fewer complaints than would be anticipated from a business of Ethos' size.

Additional Information on Ethos Life Insurance

You may get a quotation, determine how much life insurance coverage you need, and gain further information about Ethos's offerings, all on the company's website. After your application has been accepted, you may contact an agent to make changes to your coverage or the duration of your term. To change the beneficiaries, you will need to email customer service. You may also discontinue your coverage by giving us a phone or sending us an email.

Purchasing Advice for Life Insurance

Decide on the kind of life insurance policy you need, such as term or whole life, before you start comparing different providers. Make a decision on which riders, if any, you would want to be added to the life insurance policy. Please do the math to determine how much life insurance you need and for how many years you want it to protect you. Check to see whether the prospective insurance companies can provide the level of protection you need.

When comparing prices, you want to ensure that all of the estimates you are looking at are for the same amount of coverage for the same length of time. In addition, it is essential to check that the medical criteria of the coverage are suitable for your situation. For instance, if you want to avoid the medical exam for life insurance but are willing to answer questions about your health, you should ensure that the application procedure for each of the policies you are evaluating is consistent with your preferences.

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