Problems at Ethos Technologies (LIFE) (opens in new tab)

Ethos Technologies (NASDAQ: LIFE — $1.26 billion) is on a mission “to protect families by democratizing access to life insurance and empowering agents at scale” through its “leading technology-driven, direct-to-consumer platform.” Ethos is an underwriter, administrator, and distributor of life insurance that helps insurance carriers and agents obtain new policyholders using “advanced digital underwriting, data analytics, and proprietary technology.” Investors believe the company’s capital-lig...