Ethos partners with Ease
HR and benefits software solution Ease has partnered with Ethos to offer Employer Personal Life Insurance.
If employees wish to elect term life insurance coverage during the upcoming open enrollment season, they’ll be asked to answer a single health question before being taken to Ethos to view the policies. “Once there, they can select their preferred policy and complete an application in less time than it takes to buy a coffee.”
According to Ease, there has been a 280% increase in the number of employers offering term life between 2016 and 2018. At the employee level, Ease has seen an 11% increase in term life participation between 2017 and 2018 with a 10x increase in the number of millennials enrolling between 2016 and 2018. Overall, participation for employees enrolling in voluntary and worksite benefits grew from 29% to a whopping 47% between 2015 and 2018.
“Ease is continually looking to bring the most effective and efficient offerings to small and medium-sized businesses. A natural extension of that is partnering with innovative insurers like Oscar Health and Beam Dental. We’re excited to add Ethos to our offering.” – David Reid, CEO and co-founder of Ease.
Bottom Line: You win some, you lose some. Here’s reason to believe Stride has replaced Ethos with Ladder as its preferred life insurance provider:
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“We’re proud to be extending our reinsurance relationships through a new partnership with PartnerRe. True innovation in life insurance must happen on all fronts — great risk, great pricing, great customer experience. We’re thrilled about the things we can achieve in working together.” -CEO of Ladder, Jaime Hale.
“We are incredibly pleased to continue to grow our partnership with Hannover Re. They are an industry-leading innovator. Their risk management expertise and agile underwriting support have given us the tools we need to both delight the modern consumer and support sustainable innovation.” - CEO and Co-Founder of Ladder, Jamie Hale.