Common mistakes when buying life insurance.
Waiting until you have kids. If you delay buying life insurance until you have kids, it could cost you valuable years of locking in a low premium. Even if you don’t yet have children to protect, life insurance can cover your personal debts, medical bills, home mortgage, lost wages, and even funeral expenses. Your health status is one of the most crucial factors when determining premiums. The healthier you are, the less you pay, so getting life insurance at a younger age can be advantageous. As you age, the risk of developing health issues (such as cancer or diabetes) can lead to higher premiums and sometimes make it difficult to get coverage. Securing life insurance earlier in life helps protect you—and those who depend on you—against any unexpected changes.
Relying on employer-sponsored coverage. Employer-provided life insurance is a nice benefit, but these policies rarely offer sufficient coverage. Employer-sponsored policies typically only provide coverage of one to two times your annual salary. However, financial experts recommend you carry coverage about ten times your salary. And any change to your employment status (such as retirement, layoff, or job change) likely means you’ll lose the policy. If a change occurs when you’re older—or after you’ve developed a health issue—it could be more expensive and difficult to secure new coverage. Having your own policy helps protect you and your loved ones against life’s unexpected changes.
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It was the easiest transaction ever. It was the easiest transaction ever! I loved getting this insurance policy! I still work full time, and I saved a lot of time! Excellent!! — Wendell M.
Great experience from start to finish. Great experience from start to finish. Would totally recommend this process to anyone. Thanks for helping. — Richard P.
I loved working with Ethos. I loved working with Ethos. They are professional, timely, honest, and quick to respond to my questions and concerns. I was really pleased with the service I received through working with them. Thanks for helping me get insured, Ethos! — M.F. Cook
Quick, honest, stress-free. Quick, honest, and zero stress. Compared to traditional agents, a no- brainer. As advertised! — Josh
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