Whole Life Insurance

FAQs

What can the policy death benefit cover? Your beneficiaries can decide how to use the cash payout. People often choose to use it for things like:8 Funeral costs8 Estate-related expenses8

Can I access the death benefit while I am still alive? Whole life policies purchased through Ethos mature at the age of 121. That means If you reach the age of 121, the entire death benefit is paid to you (minus any outstanding loan balance) and no more premiums are required. If the policy is no longer needed, the owner can surrender the policy and receive the cash value as shown on the policy schedule. This is called the surrender value and may result in a taxable event to the owner. Can I access the cash value of the policy? Whole life policies develop a cash value over time, which can be accessed via policy loans , which are tax-free. Interest will accrue on the policy loan and will be added to the loan balance. A ny outstanding loan balance will be deducted from death benefit proceeds . P olicyowners can also request to set up an automatic policy loan against the cash value for the amount of the premium due, k eeping the policy out of grace status if a premium payment is missed.

Loans and deb Other final costs

What happens if I stop paying my premiums? In general, your policy will go into a grace period, and eventually your coverage will lapse. However, there are two important exceptions\ Z` If you reach age 121, the policy matures and there are no further premiums due. Will my beneficiaries receive the entire death benefit? Death benefits for whole life insurance policies are paid in full minus any outstanding policy loans. Our least restrictive product, guaranteed issue whole life insurance, offers a graded death benefit of up to $25,000. If the insured dies in the first two policy years due to any cause except an accident, beneficiaries will receive 110% of the premiums paid as a death benefit. If death is caused by suicide in the first 2 years, beneficiaries will receive 100% of premiums paid as a death benefit.

© 2025 Ethos Technologies Inc. Ethos operates in some states as Ethos Life Insurance Services. CA license #0L28949; AR license #100164629. Ethos offers policies issued by the carriers listed at www.ethoslife.com/carriers. Products and their features may not be available in all states. To help avoid requiring a medical exam, our application asks certain health and lifestyle questions. TruStage™ Advantage Whole Life Insurance is issued by MEMBERS Life Insurance Company. Base Form Numbers: ICC20-WLMLIC, 2020-WLMLIC. TruStage™ Guaranteed Acceptance Whole Life Insurance is issued by CMFG Life Insurance Company. Death benefit is limited the first 2 years of the policy and is limited to a return of 100% of premiums, plus 10%. Base Form Numbers: ICC16-GAWL, 2016-GAWL. The insurance offered is not a deposit, and is not federally insured, sold, or guaranteed by any depository institution. Product and features may vary and not be available in all states. Corporate Headquarters:

TAWL, GAWL-6712049.1-0624-0726

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