When it comes to life insurance, most people first choose term life insurance. The reason is simple it provides a large amount of protection for a limited period of time at a low cost.
Earlier, term policies were usually offered for a maximum of 30 years. But now Ethos Life Insurance has introduced a big change.
35- to 40-Year Term Policy
With this, you will get an additional 5 to 10 years of protection beyond the 30 years that were previously available. That is, the family will definitely be protected for a long time.
You donโt have to spend a lot to get this. You can get this long-term insurance by paying a low premium.
Why is it better?
- First of all, its cost is low. If you buy permanent policies like Whole Life, you will have to pay a higher amount. But term insurance is always available at an affordable price.
- It provides long-term protection. Since the insurance is valid for 35 to 40 years, the family will get additional peace of mind.
- No medical examination is required. You can get a quote immediately without any doctor appointment or blood test.
- The process of getting a quote is very simple. You can apply online and complete it in a few minutes.
Who is suitable for it?
First of all, this policy is very useful for those who have a lot of family responsibilities. Children’s education, home loans, family expenses, etc. will be protected for a long time.
Next, it is a wonderful choice for those who want long-term insurance even if they are on a low budget. You will get long-term coverage at a low premium.
Also, it is suitable for those who do not want a whole life policy. Those who do not want to spend a lot on a permanent policy can choose a simple term insurance.
This 35โ40 year term policy offered by Ethos is a great opportunity to easily ensure long-term security for the family.
Once you secure this policy, your family will enjoy peaceful protection for decades to come. This is the best way to get long-term security without spending much.
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Guaranteed Renewal up to Age 95
This 35- to 40-year term policy offered by Ethos does not expire even after the term you have taken is over. You do not have to buy it again.
That is, after the term ends, you can continue the policy directly without having to undergo any medical examination. This is called Guaranteed Renewal. Thus, the policy will last for as long as you need it, up to a maximum of 95 years of age.
But, one thing to rememberโthe premium (monthly payment) may increase when you renew the policy. At the same time, there is no doubt that the family will continue to get protection.
Level Premiums
Ethos Life Insurance offers a special feature called level premiums in term policies.
This means that regardless of what age or health condition you purchase this policy from, for the entire term you choose (for example, 35 or 40 years), the monthly premium will remain the same as initially determined.
Even if your health deteriorates, you age, or you develop health problems, your monthly premium will not increase.
This will make it easier for family financial planning. This is because the premium amount, once determined, remains constant throughout the policy, so there will be no unexpected increase in expenses.