Ethos Partners with Namely to Broaden Life Insurance Options for Thousands of Americans Employed by Mid-sized Businesses

Life insurance is a benefit that many Americans consider an employer-sponsored perk, rather than a financial necessity. In fact, only 60 percent of Americans actually have life insurance coverage and many are through employer-issued group policies that only cover a fraction of what people actually need. With more than 30 percent of employees reporting no benefits education or guidance from employers or benefits companies, millions of American workers can get left behind without proper coverage.
Namely and Ethos have partnered to help bridge this life insurance coverage gap by bringing Ethos' simple, fast and affordable life insurance options to Namely users all over the nation. Ethos will be available through the Namely platform during 2019 open enrollment this November for employees of Namely clients that utilize the partnership.
"Life insurance is a critical component of a strong financial plan, because it's what protects your family as well as your assets," said
Life insurance has traditionally been a burdensome and confusing process most people avoid due to the friction in the process, leaving tens of millions of American families unprotected. Employer-sponsored group policies provide some coverage, but usually, options are not flexible, the policy is not portable and it rarely gives the proper amount of protection a person with dependents (children, elderly family members) and financial responsibilities (student debt, a mortgage) needs. Getting a life insurance policy through Ethos is fast, easy and inexpensive. Ethos leverages technology and a data-driven application process to offer the same benefits that often attract group policy buyers - lower premiums and no medical exam - while providing great coverage. In fact, 99 percent of Ethos customers do not require a medical exam or blood test, and most applicants are approved in 10 minutes versus the 10 weeks it typically can take during the traditional insurance process.
"Giving people the tools they need to take better control of their financial futures has always been a core part of why we built Ethos," said
Ethos was co-founded by
ABOUT ETHOS
Ethos is a new kind of life insurance built for people who don't have time for fine print, extra doctors appointments or hidden fees. Ethos uses the power of technology and predictive analytics to modernize the life insurance process and align products with what families want and need during critical times in their lives. The Ethos application is fast and easy, turning a process that used to take weeks into a ten-minute experience for most customers. Co-founded by
ABOUT NAMELY
Namely is the first HR platform that employees actually love to use. Namely's award-winning, powerful, easy-to-use technology allows companies to handle all of their HR, payroll, time management, and benefits in one place. Coupled with dedicated account support, every Namely client gets the software and service they need to deliver great HR and a strong, engaged company culture. Namely is used by over 1,000 clients with over 175,000 employees globally. Headquartered in
Namely provides insurance producer services through
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SOURCE Ethos


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