This is a sponsored article on behalf of Ethos.
Being a caretaker, a parent, and a spouse, life insurance is one of the most important conversations we can have in our lives. It can also be the most complicated and delicate. It’s what protects our loved ones from being burdened with burial, mortgage, debts and even future education for the children after we pass. Even if you do not have children, you should be thinking about life insurance as well. If you and your spouse are employed, a sudden death to either of you would certainly cause financial hardship.
Understanding and purchasing life insurance can be complicated and confusing. Ethos knows this, which is why they make life insurance simple and accessible for the modern consumer. Anyone can use their website to apply for term life insurance. 100% online and for free! No pushy salespeople, hidden fees or medical exams (for most people).
Let’s talk about Ethos, Insurance, and the overall importance:
First, what is term life insurance?
Term life insurance is life insurance that covers you for a set amount of time. Ethos offers policies in 10, 15, 20, or 30-year terms.
You make monthly payments, called “premiums,” to keep the policy in effect. If you pass away while the policy is in effect, a pre-set cash payment is paid to whomever you name as a beneficiary. At the end of the term, the policy expires and is no longer in effect.
Term life insurance is the best type of life insurance for most families because it is by far the most affordable and simplest type of life insurance. Ethos focuses solely on term life insurance, which is much more affordable and simpler than other types of life insurance.
Second, why Ethos?
Buying life insurance the traditional way is an overall bad experience. You have lots of back and forth for agents, mandatory medical exams, blood or urine tests, and the process can take 10+ weeks! Plus, almost all life insurance is sold by commissioned salespeople. This means they may try to push you into purchasing the most expensive coverage even if you don’t need it.
Ethos is a better way! You are in control. As I mentioned earlier, there are no medical exams for 99% of people. They can provide coverage for all financial situations: $25K-$10M. You can apply (for free) in as little as 10 minutes, and most healthy people get approved instantly. No upselling or trying to convince you to buy more insurance that you actually need (or can afford).
I had a chance to check out Ethos myself. I found that Ethos provides the benefits of a modern consumer experience and the security
of a major life insurance company. Their prices are competitive. $1/day could buy your family $1m of coverage for 20 years. Their customer service is available anytime via phone or email to answer your questions. The website was extremely easy to navigate and apply as well.
It is good to note that Ethos has partnered with Assurity, an “Excellent” rated life insurance company with 130 years of experience. Also, most claims are paid within 10 days, and they will help your family through the process.
Last, who should get coverage?
The need for life insurance does depend on what stage of life you are in. Ethos believes you should get covered if you have someone you want to protect financially in the event you pass away. Perhaps a spouse or children. Coverage is not so much to protect yourself as it is to protect those around you. Households with young children and one income are in the greatest need of life insurance that will help keep finances intact in the event of an untimely death.
This is a sponsored article for Ethos. All thoughts are my own.