My Honest Review of Ethos Life Insurance

on October 16, 2018

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My family’s financial security is one of the highest priorities in my life, and I’m guessing it is just as important to you.

That’s why I’m sharing my personal experience with Ethos life insurance in this post (these are my referral links) as well as why I failed at my previous attempts to get decent life insurance coverage for my family.

My Struggles With Getting A Life Insurance Policy

I never thought much about life insurance until I had a family. No one likes to spend time thinking about what would happen in the event of their untimely demise!

But having a child changes oh so many things in your life, including planning for what would happen to your family if you were no longer around.

When I was a stay-at-home mom to our young daughter I didn’t realize just how important it was that we have a life insurance policy in place for me (I didn’t have much an income at that point).  But my husband would have had to pay for childcare if something happened to me, which would have been financially impossible at that point.

I realized that we needed a term life insurance policy in place for me. “Term” life insurance is a policy that is good for a set number of years – most people choose 20 or 30 years to cover the period of raising a child or paying off a mortgage – and is preferred by all major financial experts over a “whole life” policy.

So I went through our credit union and attempted to schedule the required medical exam and paperwork signing for both of us (the SUPER BUSY strapped-for-time-and-sleep new parents).

Well, you can probably guess how that went. We had to keep rescheduling the appointments until I lost the motivation to even get the policy in the first place.

So instead, I purchased an over-priced life insurance policy online that didn’t require a medical exam and gave us $50,000 worth of coverage for $22 per month. I figured at least it was something and helped me sleep at night!

My Experience With Ethos Life Insurance

Fast forward to a few years later, when I see mention of a quick, easy, and cheap way to get life insurance from a company called Ethos. I’m hopeful that I might be able to improve on our bare-bones policy so I visit their site and spend 10 minutes getting a new quote.

screenshot of Ethos life insurance application

The Ethos life insurance quote form was easy to fill out. It involved a series of questions about my lifestyle and health. When I was done, I got an email saying that my information was being sent to their underwriter (who approves the policies) and I should hear back in a few days.

I was pleasantly surprised to hear back in a few days via a text message from Ethos. They said they had my quote ready and needed to discuss it with me via phone – and asked if I’d rather handle it via text message.

woman with feet up by the pool

You can review your Ethos life insurance policy poolside via text (like I did)

Since my current situation was spending the day with my daughter at a water park, I chose to review my policy via text. It took just a few minutes to go over some options for the length of time and amount of the coverage and was SO EASY to complete via text! I chose a $200,000 policy for 20 years for $30 per month.

Yep, that’s right – I quadrupled my coverage for only $8 more per month.

I was really pleased with my policy AND how easy it was to get everything submitted and approved! I got my policy documents in the mail about 10 days later. Ethos even followed up by text to make sure everything looked ok.

family in bed with ethos logo

Now I’m in the process of getting my husband signed up with Ethos and I recommend it to my friends who don’t think I’m a weirdo for getting excited about a life insurance policy (my friends get me).

I really truly hope that you’ll get a quote from Ethos if you are at all under-insured like I was. I feel so much better about my family’s financial future if something were to happen to me. It was so easy to make that happen with Ethos.

Do you have any questions about Ethos life insurance? Please leave a comment below or feel free to send me a message on The Frugal South’s Facebook page.

If you liked this post you may also like:

Want to learn how to do Disney on a budget? Check out my Disney-only site, The Budget Mouse here!

2 Comments

  • Jenny K

    Good info! I’ll ask my husband what our life insurance situation is (I know we have some, but I know nothing about it!) and check our Ethos.

    October 20, 2018 at 9:59 am Reply
    • Leah

      That is great, Jenny! I would guess that he has a policy through work, but I would be surprised if it included any coverage for you. So important to have the mamas covered!

      October 20, 2018 at 10:42 am Reply

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