Many people have many doubts when considering buying life insurance. Questions like which company I can buy it from, which is reliable, and where I can get insurance easily come naturally. At such times, the company that people pay the most attention to is Ethos Life Insurance. But this article discusses whether the company is really reliable or whether we should be cautious before using it.
What is Ethos Life Insurance?
Ethos Life Insurance was started in 2016 by Peter Kolis and Lingka Wang. The reason for starting this company came from an experience that Lingka Wang had during his college days.
He had bought an insurance plan that he did not need at that time at a high price. That experience inspired the idea of making life insurance accessible to everyone in an easy, low-cost, and transparent manner. That is why Ethos was founded.
Difference from Traditional Insurance
In traditional insurance companies, it takes several weeks to approve an application for insurance. During that time, you have to undergo a medical examination and fill out many documents.
But with Ethos Life Insurance, it is very simple. You can apply online in minutes, and there is usually no medical examination required. This makes Ethos a great and easy option for modern people’s busy lifestyles.
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Customer Reviews and Ratings
- Customers have mostly shared positive experiences with Ethos.com.
- Ethos has a high rating of 4.8 out of 5 stars based on over 2,500 reviews on Trustpilot.
- The app’s ease of use, no pressure to sell, great customer service, affordable and customizable insurance plans, and quick application process are the most praised features.
- Plus, there is the convenience of completing everything online without the need for time-consuming meetings or long phone conversations.
Is Ethos really reliable?
Ethos Life Insurance is a completely reliable company. It provides services in partnership with leading insurance companies that have been operating for many years. Those companies have already provided insurance claims worth crores.
Ethos is also said to be government-licensed and uses state-of-the-art security technology to protect usersโ information. Customers can also get direct advice from licensed human agents if needed.
Insurance Companies Ethos Works with
Ethos collaborates with “A-rated” leading insurance companies such as Legal & General America, Ameritas Life Insurance Group, and TruStage. This ensures that customers receive insurance plans that are financially sound and secure.
Better Business Bureau (BBB): Ratings and Complaints
Ethos is an accredited business by the Better Business Bureau (BBB) and has an A- rating. This is the third-highest rating. However, a total of 39 complaints have been filed in the last three years.
Of these, 24 have been resolved in the last 12 months. This shows that Ethos does make an effort to resolve complaints properly, even though it receives some from customers.
Conclusion
Ethos Life Insurance is not a scam in any way. Rather, it is a reliable, modern, lifestyle-oriented life insurance option. Ethos.com is definitely a wonderful choice for those looking to get life insurance easily, without hassle, and at an affordable price.