Ethos Life Insurance: Need-To-Know's
Launched in 2016, Ethos is one of several innovative companies bringing life insurance online.
Ethos offers both term life insurance and whole life insurance in coverage amounts ranging from $50,000 to $1.5 million.
|Type||Life Insurance Agency|
|Address||460 Bryant St |
San Francisco, CA 94107
|A.M. Best Rating||A+|
Ethos is based in downtown San Francisco, CA and has an A+ rating from the Better Business Bureau. Their customer service team can be reached by email at email@example.com and by phone at (415) 322-2037.
Ethos Has Digitized The Life Insurance Process...
Ethos is a life insurance broker. They handle the customer-facing process and have built the online platform that customers use to apply for the policy.
After you apply, Ethos analyzes your information against its insurance products in real-time and matches you with the best policy and price available.
And since the entire process is online, you never need to speak with an agent.
... And Chosen Reputable Insurance Carrier Partners
Once approved, one of Ethos’ insurance carrier partners will issue the actual policy. These partners are some of the best life insurance carriers in the game, including:
- Legal & General America (a.ka. Banner Life), which was founded in 1941 and has an A+ (Superior) financial stability rating from A.M. Best
- AAA Life Insurance Company, which was founded in 1969 and has an A (Excellent) financial stability rating from A.M. Best
Ethos Is Confident In Its Product
Here’s one of the best features of an Ethos policy:
If you decide you don’t want your life insurance coverage within the first 30 days, for any reason, Ethos will refund your payment in full and cancel your policy.
On top of that, you can cancel your policy at any time after that with no cancellation fees.
Ethos Life Insurance Policies
Term Life Insurance
Ethos’ main product is term life insurance. To apply, you must be between 20 and 65 years old and a U.S. resident.
Term life policies from Ethos can have 4 term lengths (10, 15, 20, and 30-year terms) and coverage amounts range from $100,000 to $1.5 million.
Finally, Ethos’ term life insurance policies have level premiums, which mean your premiums never increase for the entire term of your policy, no matter what happens to your health or circumstances.
Whole Life Insurance
Ethos also offers permanent life insurance, in the form of a guaranteed issue product geared at seniors (ages 65-85).
While Ethos does not label it as such, this policy is structured as a “final expense” insurance policy. The coverage amount can be: $10K, $15K, $20K, or $25K.
This policy is issued by AAA Life Insurance and includes an accidental death benefit. While the policy has a $60 fee, this is waived if you’re a Triple A member.
Ethos Life Insurance Application
The insurance industry has been relatively slow to move digital.
Ethos Technologies, as it was known at founding, was among the first to bring the life insurance purchase process online.
And this is still one of its strongest selling points.
The application starts with the above quote form
Ethos Life Pros & Cons
Ethos Life Insurance Pros
Ethos Life Insurance Cons
Ethos Life FAQs
Before we close, let’s wrap up a few of the most commonly Googled questions about Ethos.
Is Ethos Life Legit?
Ethos is a highly reputable and licensed life insurance company that has a A+ rating from the Better Business Bureau. Ethos has partnered with some of the oldest life insurance carriers in the business to issue their policies (Legal & General America as well as Munich Re, both of whom have an A+ financial stability rating from A.M. Best.
Does Ethos Require A Medical Exam?
The majority of customers do not have to take a physical (only those with existing health conditions and those looking for more than $1 million in coverage). Others simply need to complete a 10-minute, online application, after which Ethos will let you know if you are denied, approved, or whether your approval is contingent on additional information.
How Much Did Ethos Raise?
According to Crunchbase, Ethos has raised $106.5 million in funding over its four equity funding rounds (Seed through Series C) from a well-respected group of Silicon Valley venture capital firms, namely Sequoia Capital, Goldman Sachs, Google Ventures, and Accel, among others.
It’s hard not to like Ethos — they offer a 100% online experience, more product diversity than competitors like Bestow, Fabric , and Haven Life, and a website with excellent customer education resources.
And with their 30-day, money-back guarantee and no-fee cancellation policy after that, hopefully you don’t need any more reasons to go shopping for life insurance!
And that should do it for this review. If you have any questions, don’t hesitate to leave a comment below or get in touch with us at firstname.lastname@example.org.
The GetSure Team