Based on Ethos life insurance reviews, the pros and cons of Ethos life insurance company, and looking at customer reviews, we can say Ethos is the new phenomenon of best life insurance companies in the world. Continue for complete Ethos life insurance reviews, quotes, pros and cons, Coverage, and premium rates.
Who is Ethos Life Insurance Company
Ethos is a life insurance company that was founded in 2016 by Peter Colis and Lingke Wang, who met at Stanford Business School. They wanted to make life insurance easier and more affordable for people, after having bad experiences with traditional companies. It offers term policies that can be applied for online, without medical exams or agents. They are backed by investors such as Sequoia Capital, Accel, and Google Ventures, and were valued at more than $2 billion in 2021(1).
Ethos life insurance reviews in 1 minute
Ethos life insurance review is a topic that many people are interested in, as it is a relatively new and innovative company that offers online products.
The Ethos life insurance reviews are mostly positive, especially for its fast, easy, and online application process that skips medical exams for some policies. They partner with insurers that have strong financial ratings and reliability. However, some customers have complained about the approval process taking longer than expected, the lack of customizable riders, and the limited options for whole life insurance. They offer term policies for ages 20-65 and a guaranteed issue whole life product for ages 65-85. See more reviews: AARPNYL reviews, Colonial Pen negative reviews
Based on customer reviews on Trustpilot, it has a rating of 4.8 out of 5 stars, based on 987 reviews. Here are some examples of customers’ Ethos reviews:
Sample Ethos life insurance reviews
- The app worked great and the process was easy and straightforward.
- I loved my experience securing term insurance with Ethos. My husband and I got policies the same day. But the most important reason we went to them is that our premiums do not go up as we age (which was a huge concern). This gave me (personally) comfort and reassurance.
- Ethos was very easy to work with. The process was simple and quick. I would recommend them to anyone looking for life insurance.
Ethos life insurance pros and cons
Ethos life insurance pros:
- Fast, easy, and online application process that skips medical exams for some policies.
- Partners with insurers that have strong financial ratings and reliability.
- Offers term policies for ages 20-65 and a guaranteed issue whole life product for ages 65-85.
- Provides flexible coverage amounts and term lengths to suit different needs and budgets.
Ethos life insurance cons:
- The approval process may take longer than expected for some applicants.
- Lacks customizable riders or add-ons to enhance the coverage.
- Limited options for whole life insurance, as it only offers a guaranteed issue product with low coverage amounts and high premiums.
- Rates are not among the lowest in the market, especially for older or less healthy applicants.
Coverage Types and Policies Review
Ethos offers two types of life insurance: term and guaranteed issue whole life insurance. Term policy is for people between 20 and 65 years old, and it provides coverage for a fixed period of time, such as 10, 15, 20, or 30 years. However, the guaranteed issue whole life is for seniors between 66 and 85 years old. And it provides coverage for the rest of their lives, without requiring a medical exam. The coverage amounts vary depending on the type of policy and the eligibility of the applicant.
Ethos Term insurance is divided into two subtypes: simplified issue and fully underwritten. A simplified issue term does not require a medical exam, but it has lower coverage amounts and higher premiums than a fully underwritten term, which does require a medical exam.
Ethos Term Life Insurance quotes
Ethos term life insurance coverage is a type of coverage that lasts for a specific period of time, such as 10, 15, 20, or 30 years. So you can apply for term life insurance online in about 10 minutes, without talking to an agent, and most people don’t need a medical exam. Ethos term offers flexible coverage options that you can customize to fit your budget and needs, with coverage amounts ranging from $20,000 to $2 million, depending on your eligibility.
Simplified issue quotes
Ethos simplified issue term is a type of term life insurance. It does not require a medical exam but only a few health questions and third-party data. You can get approved and covered in minutes if you qualify. Simplified issue offers coverage amounts from $50,000 to $500,000. It depends on your age, and term lengths from 10 to 30 years. Simplified issue term insurance has level premiums, which means your monthly payments will not change over the term of your policy.
Ethos simplified issue term rates also depend on many factors, such as your age, gender, health, way of life, coverage amount and term length. However, to give you an idea, here are some sample monthly rates. These quotes are for a healthy non-smoker in their 30s, based on the website:
- $50,000 coverage for 10 years: $9.00
- $100,000 coverage for 10 years: $10.00
- $250,000 coverage for 10 years: $14.00
- $500,000 coverage for 10 years: $20.00
- $1 million coverage for 10 years: $32.00
Fully underwritten quotes
Ethos fully underwritten term is a type of term policy. It requires more health questions within the application but does not require a medical exam. So you may get a higher coverage amount and a lower premium than with a simplified issue term, depending on your health and eligibility.
Fully underwritten quotes vary depending on your age, gender, health, way of life, coverage amount, and term length. You can get a free and personalized quote online in minutes. However, you can get quotes by filling out a short application form on the website. You will need to provide some basic information about yourself. Such as your name, date of birth, height, weight, smoking status, medical history, and beneficiary information.
Ethos’s fully underwritten term offers coverage amounts from $20,000 to $2 million. Of course, it depends on what you qualify for, and term lengths from 10 to 30 years. Fully underwritten insurance also has level premiums, which means your monthly payments will not change over the term of your policy.
However, to give you an idea, here are some sample monthly rates for a healthy non-smoker in their 30s, based on their website:
- $20,000 coverage for 10 years: $8.00
- $100,000 coverage for 10 years: $9.00
- $250,000 coverage for 10 years: $11.00
- $500,000 coverage for 10 years: $14.00
- $1 million coverage for 10 years: $22.00
These rates are only estimates and may not reflect your actual premium. But the best way to find out your exact rate is to get a personalized quote online.
Ethos guaranteed issue whole life insurance quotes
Guaranteed issue is a type of whole life insurance that offers coverage for your entire life, regardless of your health history. So you can get approved and covered in minutes, without any medical exams or health questions. However, the guaranteed issue offers coverage amounts from $5,000 to $25,000, depending on your age, and has level premiums, which means your monthly payments will not change forever.
The Ethos Guaranteed issue also has a graded death benefit. This means that if you die within the first two years of your policy, your beneficiaries will receive the premiums you paid plus 10% interest.
Ethos Guaranteed issue quotes vary depending on your age, gender, and coverage amount. However, to give you an idea, here are some sample monthly rates for a healthy non-smoker in their 70s, based on their website:
- $5,000 coverage: $25.00
- $10,000 coverage: $47.00
- $15,000 coverage: $69.00
- $20,000 coverage: $92.00
- $25,000 coverage: $113.00
