Benzinga | Aug 26, 2021 07:23AM EDT

Expect the Unexpected (at Half the Cost) with Ethos Life Insurance

Photo by Karolina Grabowska from Pexels

For many, financial security feels like yet another American Dream of the past.

The numbers don't lie: Nearly 70% of Americans don't have a long-term savings plan and around 14% have zero retirement savings. Not to mention, around 1 in 5 working Americans aren't saving anything at all, and nearly 125 million adults are living paycheck to paycheck. Despite best efforts, many are in financial situations that don't offer much room for emergencies or accidents, let alone day-to-day savings.

However, the most poignant statistic of them all might be this: 70% of families could go bankrupt if they lost their breadwinner, a fact that unfortunately became true in mass quantities during the pandemic. Many forget that when families lose a loved one, they also lose their livelihoods and their ability to pay bills, keep food on the table and a roof over their heads.

With companies like Ethos, the process of obtaining life insurance has been made easier and more accessible so that you can be prepared even in the worst-case scenario.

Essentially, life insurance ensures that if your loved one dies, you will receive a lump sum payout (called a death benefit) that can cover everything from mortgage to rent, education costs and funeral arrangements. Unfortunately, figuring out this vital policy can be tedious, difficult and costly.

However, with Ethos, the free online application takes just a few minutes -- often not requiring any medical exams or additional paperwork. The best part is that it doesn't cost an arm and a leg: On average, depending on a few individual factors, a 10-year term life insurance premium covering $500,000 could cost as low as $12.15 per month.

Ethos Life Insurance Cost Estimator

You can fill out the estimate calculator online and get a free quote without having to provide any personal info or talk to a salesperson. . Don't know how much coverage you need? There's also a calculator for that, so you can make sure you're only getting the coverage you need, saving money for everything else that matters.

Who needs life insurance?

Not sure if you need life insurance? If you fall into one of these categories, Ethos notes you may want to think differently:

* Parents

* Breadwinners

* Homeowners

* Retirees

* Caretakers

* Students

* Business owners

In addition, hitting milestones such as getting married, having a child, taking on debt, starting a business and planning for retirement could signify a need for insurance as well.

However, whether you fit into the above categories or not, there's one fact that remains true -- there's no way to know when our time is up. Ethos wants to make sure that you have flexible, affordable options so that you and your loved ones are never caught off guard.

Backed by investors like Goldman Sachs (NYSE:GS) and Sequoia, partnered with top insurance carriers, and supported by glowing customer reviews on Trustpilot and Google (NASDAQ:GOOGL), Ethos brings you the coverage you can count on -- at the fraction of the price.