Is a 15-year term life insurance policy right for you?

Ethos makes it easy to apply for a term life insurance policy that fits your family's specific needs. Discover why a 15-year term life insurance policy may be ideal for you. Ethos has a policy for every situation and budget, with a range of coverage options.
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How much is term life insurance for a 15-year policy?

Ethos offers affordable term insurance rates for everyone—with coverage ranging from $20k to $2 million. The examples shown compare monthly premiums for healthy, non-smoking 40-year-old males and females, with coverages from $250k to $1.5 million. For instance, a 15-year term life insurance premium can cost as little as $32 per month for $500k in coverage, depending on factors like your age and health status.

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Term life insurance provides long-term peace of mind

A term life insurance policy can help secure your family's financial future if you pass away unexpectedly. Your death benefit can cover lost income, outstanding debt, mortgage payments, education, and day-to-day living expenses.

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Who can benefit from a 15-year term life policy?
Securing a term life insurance policy is a smart, affordable way to protect your family. Ethos offers term lengths from 10 to 30 years. However, a 15-year term life policy may be an ideal option for you if:
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You have school-age children
Suppose you have children in elementary or middle school. In that case, a 15-year term life insurance policy could provide coverage through their college years and until they are no longer financially dependent on you.
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You’re paying off a mortgage
15-year term insurance is appropriate for someone who plans to pay off their home mortgage within this timeframe. Your term life policy could help your loved ones cover mortgage payments if the unexpected happens.
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You’re nearing retirement
Are you planning to retire within the next 15 years? In that case, a 15-year term life insurance policy could give you extra peace of mind while you're still working or getting close to financial independence.
How much coverage do you need?

The amount of life insurance you need depends on your personal and financial circumstances. To get a rough estimate, simply multiply your annual salary by ten. Use this as your starting point when considering what you need.

For a more in-depth calculation, use the DIME formula (debt + income + mortgage + education). Adding these four factors together can help you determine your ideal coverage amount. 

  • Debt: The total of your current debts (excluding your mortgage) plus your estimated final expenses
  • Income: Your current annual income multiplied by the number of years that you estimate your family would need support
  • Mortgage: The amount remaining on your mortgage
  • Education: An estimate of tuition costs for your children
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Why choose Ethos for your life insurance needs?
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Fast, straightforward application
We make getting life insurance online quick, secure, and hassle-free. There's no confusing paperwork, being stuck on hold, or waiting weeks for an answer. With Ethos, the process is easy, and you'll get an answer quickly, usually on the same day. And, you won't need a medical exam.
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Expertise and advise
Our team of licensed, non-commissioned agents can help you find life insurance that aligns with your budget and situation. We're also here to answer any questions you may have.
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Flexible, affordable life insurance options
We analyze your information against our wide range of products in real-time. We then match you to a policy that best fits your needs at a price that works for you.
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Take your policy for a trial run without commitment. If you're not completely satisfied within the first 30 days, we'll refund you in full. No problem. And you can cancel your policy anytime for any reason with no cancellation fees.
Instant life insurance coverage
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Used for estimate only.
Explore your options
Adjust the coverage amount and term length to find a plan you like. Then apply online (with no obligations) and get your real rate.

The estimated monthly rate for this policy is:

Coverage amount
Term length
10 years
Please note that all prices quoted are subject to change, including due to underwriting.