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Ethos Final Expense Insurance Review


ConsumersAdvocate.org Rating: 4.6 / 5 (Excellent)
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Founded in 2016, Ethos offers customers 66 and older term, guaranteed whole life, and guaranteed final expense insurance policies. Coverage of up to $30,000 is available with no medical exam. You can apply online by simply completing a short questionnaire. Ethos is headquartered in San Francisco, California.
 
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How is Ethos rated?

Breakdown

4.3/5
Policy Features
4.8/5
Qualifications
4.7/5
Financial Strength
4.8/5
Customer Experience

Overall Rating: 4.6 / 5 (Excellent)

Final Expense Insurance purchased through Ethos is a straight-forward guaranteed- or simplified-issue whole life policy. No medical exam is required (though some health questions are asked) to purchase the insurance, which offers up to $30,000 in coverage—in many cases an adequate sum to cover such expenses as memorial services, burial, or anything else beneficiaries choose. The policy, like other whole life insurance, accumulates cash value as customers pay premiums.

With an easy application process and guaranteed acceptance, Ethos Final Expense insurance is a solid choice for customers seeking reassurance that their families will be less burdened by bills when they pass away.

Ethos Policy Features

Policy Features - 4.3 / 5

Final Expense (guaranteed-issue) insurance purchased through Ethos is a graded-benefit policy. If a policyholder suffers a non-accidental death within the first two or three years of purchasing insurance, beneficiaries receive 110-130% of premiums paid to date. Full benefits are available in the case of accidental death within the first two or three years or in the case of death by any cause thereafter. (Death Benefit grading, accidental death benefits, and percent of premiums paid can vary based on available product offerings.) If, however, applicants are approved for a simplified issue product, then there is no graded-benefit. Beneficiaries are entitled to full death benefits in the event the policy matures.

While there are medical questions as part of Ethos’ application process, there are no medical exams required for policy purchase and coverage is guaranteed for applicants aged 66-85. Premiums remain the same for the life of the policies until a policyholder reaches 100 years old (or later in some cases), after which the policy matures (is no longer in force) and the insured gets a check for the death benefit.

Policy Coverage Maximum

$35,000

Expenses Benefits Help Cover

  • Anything your beneficiaries wish.

Types of Insurance Products

  • Guaranteed Acceptance Whole Life
Types of Premiums
Fixed
Accidental Death Coverage
Yes
Cash Value Accumulates
Yes

Ethos Qualifications

Qualifications - 4.8 / 5

Final Expense insurance is available through Ethos for purchase by individuals aged 66 to 85. There is no medical exam required for coverage. Coverage is lifelong and policyholders who are fortunate enough to live to 100 years or more get a check for their full death benefit (and no longer have to pay premiums).
Age Range
65 to 85 for purchase
Medical Exam Required
No
Disqualifying Factors
Age

Ethos Financial Strength

Financial Strength - 4.7 / 5

Because Ethos is not an insurance carrier, it is not rated by AM Best, nor is it rated by Moody's or Standard & Poors. However, each of the carrier-partners that Ethos works with have their own ratings for financial strength. In addition, Ethos recently secured a combined $300 million in Series D and Series D-1 funding from investors such as Sequoia Capital, Google Ventures (GV), General Catalyst, and SoftBank Vision Fund 2.
Year Founded
2016
Company Type
Subsidiary/ Partner
Underwriter
Varies by policy

Ethos Customer Experience

Customer Experience - 4.8 / 5

Ethos provides a comprehensive summary of the Final Expense policies' benefits offered, and quotes are available quickly and easily online. All visitors need to do is use the company’s standard quoting tool available on its website, and the company will provide a quick indication of what you can expect to pay for Final expense coverage through Ethos.

What’s more, if the tool finds that you qualify for another policy with better rates, it will automatically provide you with a quote based on that alternative.

Customers who decide to apply with Ethos for a Final Expense policy can do so online or, if they prefer, can do so by phone and apply with assistance from an Ethos customer service representative.
BBB Rating
A+
Trustpilot Rating
4.5 out of 5
NAIC Total Complaints 2017
1
Date Collected
2021-06-25

Company Profile

Full Name
Ethos Final Expense Insurance
Company Website
https://www.ethoslife.com
Headquarters
460 Bryant St 3rd Floor, San Francisco, CA, 94107

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