Term life insurance can provide simple, affordable financial security. A life insurance policy ensures that if you unexpectedly die, your dependents will receive a tax-free, single payment of money known as the payout or death benefit.
With term life insurance:
over half of Americans overestimate the cost of term life insurance by 3x or more? (LIMRA 2019). So, if you’re reading this and thinking I probably can’t afford a policy, think again!
At Ethos, we recommend that you spend no more than 1% of your salary on a term life insurance policy. So if you make $50K/year, your policy should cost no more than $52/month or $500/year.