Bestow Life Insurance
Bestow was launched in 2016 by Melbourne O’Banion and Jonathan Abelmann, two dads who had a burning desire to make applying for and getting life insurance easier, faster, and more affordable for everyone. Using data-driven tech, Bestow customers get the coverage they need to protect the people they love in case of the unknown. Partnering with big names, including Morpheus and Core Innovation Capital, Bestow issues its policies by the reputable North American Company for Life and Health Insurance. Offering policies that range from $50k up to a million dollars, 10 and 20-year terms, and a simpler digital application process, Bestow is certainly off to a good start.
Bestow Life Insurance Services & Terms
|Policy types||Term life insurance|
|Coverage amount||$50,000 – $1,000,000|
|Terms||10 – 20 years|
|Life Insurance Rating||
|Good for||No medical exam, all-online process|
Who is Bestow Good For?
Bestow is the ideal life insurance policy provider for the 21st-century consumer. It offers instant approval, little commitment, and, best of all, everything is done online. So, if you’re looking for a solution that’s fast and easy, Bestow certainly fits the bill.
Consumers looking for solid term life insurance policies will benefit the most from what Bestow has to offer, particularly people between the ages of 21 and 55.
- Mortgage payments
- Funding for higher education
- Life expenses
Bestow Life Insurance Pros
- Data-driven, tech-based faster online application
- Very affordable policies
- No medical exams required
- Sterling reputation with consumers
Bestow Life Insurance Cons
- Not a lot of policy options
- No exam may mean lower approval ratings
- Not available in New York
- No riders
- Completely online application
- 30-day free look period
- 60-day grace period (uninterrupted)
- Online quote in minutes
- A+ rating from AM Best
- A+ rating from BBB
- Policies ranging from $50k up to $1M
- In-house underwriting team with data-driven process
- No medical exam required
One of the biggest benefits of working with Bestow is that it is an entirely online application process. Many other insurance providers claim to be online, but Bestow actually puts its money where it’s mouth is, delivering a fully online experience. For the modern man or woman, this really hits the sweet spot.
To get the ball rolling, just click Get a Quote, answer a few basic questions like your date of birth, gender, height, weight, and zip code, and you’re all set. You’ll also be asked to confirm whether or not you use any sort of nicotine products.
Once this step is completed, Bestow will generate a personalized quote based on your answers, the amount of time you want the policy for (aka the term), and the amount of coverage you want. Policies start for as low as $8 a month, but Bestow is generally a dollar a day for the full policy (sometimes less).
The quote is generated using a smart algorithm that takes factors such as gender, BMI, age, and other health factors into consideration to create a suitable quote for your life situation.
After that, you’ll begin filling out the more detailed application form. This part is longer than the initial ten-second survey and includes questions about your health, lifestyle, and personal information. But everything is still online, and you can save your progress to come back to later. So, it’s relatively easy as far as application processes go. Finish this step of the process by adding your social security number and e-signature.
Once you complete the application process, it will be sent through the underwriting process. Bestow has an in-house underwriting team, which means this step is completed faster and more efficiently than with most insurance providers.
Assuming you pass the underwriting stage and are approved for a policy, you will be covered immediately.View Rates
Policy Types, Terms & Requirements
The one possible downside to working with Bestow is that it only offers one type of policy. If you’re looking for term life insurance, though, then you’re in good hands.
Life Insurance Requirements
- Age between 21-55
- Not available for NY residents
Life insurance Terms
- 10-20 year terms
Privacy & Security
Bestow has an excellent online reputation. Aside from holding an A+ rating with AM Best (financial stability rating) and an A from the Better Business Bureau, Bestow has a sterling reputation online. It has an unusually high percentage of positive customer feedback from online reviewers, and most complaints have been settled satisfactorily.
Additionally, Bestow stores all sensitive information on secure servers located in restricted-access facilities.
Bestow has several customer support options for consumers to get in touch. You can reach out via email or phone, or speak to a representative directly on live chat. Members can also reach out to a customer support agent via the social media channels available online.
|Online exam results||N/A|
|Credit card payments||Yes|
|Policy delivery method||Online, mail|
|Online policy management||Yes|
Bestow is revolutionizing the way life insurance is applied for and given. Offering long term life insurance policies that are easy to work with and affordable, Bestow is shaking up the entire industry. Working with a true-to-its word completely online application process, Bestow makes applying easier than ever. And policies like the 30-day refund definitely make it seem like this company is on the side of the people. What’s more, Bestow offers a 60-day grace period. So, if you can’t make a payment for two months, your coverage will still continue as long as you make the payment before the 60 days is up. That’s very generous of Bestow.
750 North St. Paul Street #1900
Dallas, TX 75201View Rates