Life Insurance Basics - Ethos Life

Life Insurance Basics

If you’re married, have children or dependents, own a home, or own a business—you probably do.

How much coverage do I

Everyone’s needs are different. A simple way to estimate your needs is to multiply your annual income by 10.

I already have life insurance through work. Is it

There’s a good chance it’s not enough. Additionally, the coverage typically won’t last if you leave the company.

What does life insurance

The question of what life insurance covers can be answered two ways: the expenses it covers, and the types of death it c...

The person(s) who receives the policy proceeds if you pass away while your policy is in force.

What is a death benefit? Is it

The lump-sum payment your beneficiary receives if you pass away. Generally, it’s not taxed.

What is a life insurance

A rider is a document that becomes a part of a life insurance policy, which can provide additional coverage or benefits.

You make payments to a life insurance company, and they give your loved ones a payout if you pass away.

What is permanent and whole life

Permanent (whole) life insurance lasts for your whole life and is often 10-15X more expensive than term life.

What is term life

A simpler and more affordable way to get life insurance coverage for a set period of time, or “term.”

How life insurance companies determine whether they’re able to insure you, and how much it will cost.

What kind of life insurance do I

It depends on your situation. Many people can benefit from term, which tends to be more simple and affordable.

Which term length is right for

It can depend on several factors, including your children’s age, your proximity to retirement, and your mortgage.

When should I get life

There are a few milestones in life that typically mean it’s time for life insurance. Plus, obtaining a new policy gets m...

If you’re married, have children or dependents, own a home, or own a business—you probably do.

I already have life insurance through work. Is it

There’s a good chance it’s not enough. Additionally, the coverage typically won’t last if you leave the company.

The person(s) who receives the policy proceeds if you pass away while your policy is in force.

What is a life insurance

A rider is a document that becomes a part of a life insurance policy, which can provide additional coverage or benefits.

What is permanent and whole life

Permanent (whole) life insurance lasts for your whole life and is often 10-15X more expensive than term life.

How life insurance companies determine whether they’re able to insure you, and how much it will cost.

Which term length is right for

It can depend on several factors, including your children’s age, your proximity to retirement, and your mortgage.

How much coverage do I

Everyone’s needs are different. A simple way to estimate your needs is to multiply your annual income by 10.

What does life insurance

The question of what life insurance covers can be answered two ways: the expenses it covers, and the types of death it c...

What is a death benefit? Is it

The lump-sum payment your beneficiary receives if you pass away. Generally, it’s not taxed.

You make payments to a life insurance company, and they give your loved ones a payout if you pass away.

What is term life

A simpler and more affordable way to get life insurance coverage for a set period of time, or “term.”

What kind of life insurance do I

It depends on your situation. Many people can benefit from term, which tends to be more simple and affordable.

When should I get life

There are a few milestones in life that typically mean it’s time for life insurance. Plus, obtaining a new policy gets m...

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