Ethos Life Insurance Review 2023

Georgia Rose
By Georgia Rose 
Edited by Kathy Hinson

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insurance-product-card-logo

Ethos

3.5

NerdWallet rating 
Bottom line: Ethos offers term and whole life insurance online, with policies issued by trustworthy third-party insurers.
GET A QUOTE

from Ethos

Financial strength rating

Strong

Online purchase

Yes

NAIC complaints

Fewer than expected

Policies offered

Term, permanent & no-exam
insurance-product-card-logo
GET A QUOTE

from Ethos

Ethos

3.5

NerdWallet rating 
Bottom line: Ethos offers term and whole life insurance online, with policies issued by trustworthy third-party insurers.

Financial strength rating

Strong

Online purchase

Yes

NAIC complaints

Fewer than expected

Policies offered

Term, permanent & no-exam

In our life insurance reviews, our editorial team considers the customer and the insurer. These are some of the factors we take into account:

Policies offered. There are many types of life insurance on the market, and they fall into three key categories:

  • Term life insurance offers temporary coverage and a guaranteed payout if the policyholder dies during the term.

  • Permanent life insurance typically lasts a lifetime and builds cash value that can be borrowed against in the future.

  • No-exam life insurance issues coverage without the need for a medical exam.

Financial strength. We use AM Best ratings to confirm an insurer’s long-term financial stability and ability to pay claims. For life insurance, NerdWallet typically recommends considering insurers with ratings of A- or higher. Here’s the breakdown:

  • Exceptional: A+, A++.

  • Strong: A-, A.

  • Moderate: B, B+.

Complaints. These ratings are based on complaints to state regulators relative to a company’s size, according to three years’ worth of data from the National Association of Insurance Commissioners. The best life insurance companies have fewer than the expected number of complaints.

Buy online. This indicates whether an insurer allows you to apply for and buy a policy completely online.

Launched in 2016, Ethos offers term and whole life policies online. The fully digital application can take as little as 10 minutes to complete, and most people who qualify for coverage don’t need to complete a medical exam.

Ethos uses data such as your motor vehicle records, family medical history and current drug prescriptions to calculate eligibility and set rates.

Why you can trust NerdWallet: Our writers and editors follow strict editorial guidelines to ensure the content on our site is accurate and fair so you can make financial decisions with confidence and choose the products that work best for you. Here is a list of our partners, and here’s how we make money.

Ethos life insurance

3.5

NerdWallet rating 

Ethos earned 3.5 stars out of 5 for overall performance. NerdWallet’s ratings are determined by our editorial team. The scoring formula takes into account consumer experience, complaint data from the National Association of Insurance Commissioners and financial strength ratings.

Ethos life insurance policies

Term life insurance. Ethos offers term life insurance to people ages 20 to 65 in all states except New York, with coverage ranging from $20,000 to $2 million. You can choose a policy lasting 10, 15, 20 or 30 years, and policies are issued by Legal & General America, Ameritas Life Insurance Corp. or TruStage.

Ethos doesn’t require a life insurance medical exam to apply, but you’ll need to answer questions about your health. If you need help, the company has licensed agents on hand, and they don’t work on commission. It typically bases its decision on your responses, as well as third-party data like MIB Group records. But in some cases, an underwriter may contact you asking for more information.

Ethos made our list of the best instant life insurance policies in 2023.

Whole life insurance. The company also sells whole life insurance to people 66 to 85 years old. Applicants are approved instantly regardless of health history, and coverage amounts range from $1,000 to $30,000. Policies are offered through TruStage, and available in all states but New York.

Ethos customer complaints

Over three years, Legal & General, TruStage and Ameritas, the companies that issue Ethos’ policies, collectively drew fewer than the expected number of complaints to state regulators for a company of its size, according to a NerdWallet analysis of data from the National Association of Insurance Commissioners.

More about Ethos life insurance

On Ethos’ site, you can get a quote, calculate how much life insurance you need and learn more about the company’s policies. Once your application is approved, you can adjust your coverage or term length by speaking with an agent. You’ll need to email customer support to change beneficiaries. And to cancel your coverage, you can call or email.

How to contact Ethos

Ethos can be reached by:

  • Phone: Call (415) 915-0665 on weekdays from 8 a.m. to 6 p.m. CT.

  • Email: Send a message to [email protected].

  • Live chat: Not available.

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Life insurance buying guide

Before you start comparing companies, choose the type of life insurance you want, such as term or whole life. Decide which life insurance riders, if any, you want the policy to include. Calculate how much life insurance you need and how long you want the coverage to last. Check that the insurers you’re considering offer the coverage you’re looking for.

When comparing rates, be sure the quotes are for the same amount of coverage over the same period of time. It’s also important to make sure the policy’s medical requirements match your needs. For example, if you want to skip the life insurance medical exam but don’t mind answering health questions, confirm that the application process for each policy you're comparing aligns with that.

Price may not be the biggest driver behind your decision to buy. Look at the number of consumer complaints each company receives, as high numbers can be a red flag about the quality of service.

For more guidance, see our life insurance buying guide.

Life insurance ratings methodology

NerdWallet’s life insurance ratings are based on consumer experience, complaint index scores from the National Association of Insurance Commissioners for individual life insurance, and weighted averages of financial strength ratings, which indicate a company’s ability to pay future claims. Within the consumer experience category, we consider ease of communication and website transparency, which looks at the depth of policy details available online. To calculate each insurer’s rating, we adjusted the scores to a curved 5-point scale.

These ratings are a guide, but we encourage you to shop around and compare several insurance quotes to find the best rate for you. NerdWallet does not receive compensation for any reviews. Read our editorial guidelines.

Insurer complaints methodology

NerdWallet examined complaints received by state insurance regulators and reported to the National Association of Insurance Commissioners in 2019-2021. To assess how insurers compare to one another, the NAIC calculates a complaint index each year for each subsidiary, measuring its share of total complaints relative to its size, or share of total premiums in the industry. To evaluate a company’s complaint history, NerdWallet calculated a similar index for each insurer, weighted by market shares of each subsidiary, over the three-year period. NerdWallet conducts its data analysis and reaches conclusions independently and without the endorsement of the NAIC. Ratios are determined separately for auto, home (including renters and condo) and life insurance.

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