Whole life insurance policies
Whole life insurance helps your family prepare for the unexpected. With Ethos, you can purchase online and get covered instantly.
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Whole life insurance
What is whole life insurance?

Whole life is the most well-known and simplest form of permanent life insurance. While term life insurance lasts for a specified term, whole life insurance lasts for the rest of your life. A payout is guaranteed at the time of death for your policy’s beneficiaries, and some of the money paid into the policy (your premium) is set aside to build “cash value.” You can use this cash value for emergencies or to supplement retirement income by taking a tax-free policy loan against the cash value. Note that outstanding policy loans will decrease the amount of the death benefit paid to your beneficiaries.

Whole life insurance might be right for you if:

  • You want coverage for the rest of your life
  • You want a policy that builds cash value over time
  • You want a policy that can be used for legacy planning or to help cover your final expenses
  • You’re willing to pay a higher premium for the unique benefits of this coverage
What’s the difference between whole and term life insurance?

The main differentiating factor of whole life insurance is that it lasts for your entire life and can be used as a way to invest in your future—unlike term policies, which expire after your chosen length and have no cash value component. For these reasons, whole life insurance policies typically cost 5-15 times more than term policies for the same amount of coverage.

Whole life insurance may be a good option for those with slightly more complex financial situations, or someone seeking the security of coverage for the remainder of their life. Term life is a good fit for those who want the most affordable coverage or who need to replace their income over a certain period, for example until children are no longer dependent or the mortgage is paid off.

How much does whole life insurance cost?

Heads up: You’ll have higher premiums Because you’re guaranteed to be approved no matter what, this life insurance is more expensive than other types of coverage out there. Your age, gender, and the coverage amount you choose are the only factors that affect your price. Your health or past medical history won’t affect your rate, and you won’t need any medical exams, either. In many cases, this is the best option for people who are likely to be denied coverage elsewhere or who are viewed as “uninsurable” by other carriers.

The quote is the same as the final rate. It’s also guaranteed never to go up. As long as premiums are paid when due, the rate you see now will be locked in for as long as you have this insurance

No medical exams, lab tests, or questions about your health. For real.

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Is this coverage right for you?

Many people love this guaranteed issue whole life coverage because you can get approved and covered in a matter of minutes, and there are never any medical exams. This type of life insurance may be great for you, particularly if:

  • You’re between the ages of 65 and 85
  • You want a simple process without medical exams or lab tests
  • You thought you couldn’t get life insurance because of your age or health
  • You want your policy to build cash value
  • You want coverage for the rest of your life
  • You don’t want your family to have to worry about your final expenses
  • You’re willing to pay a higher premium for the unique benefits of this coverage
Get started with whole life insurance
Get a personalized whole life insurance quote in seconds and apply in minutes.
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Explore your options
Choose the coverage amount and price that works for you. Then purchase online in minutes and get covered instantly.
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.
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