Bestow Life Insurance Review – From A Licensed Agent!
Are you under 64 and shopping for life insurance? This is our full expert review on Bestow Life Insurance. You’ll find out everything you need to know before applying for their insurance policy: the good and the bad.
Here’s what we’ll cover in our detailed Bestow review:
How To Get Insured With No Medical ExamThe Pros And Cons For Bestow InsuranceHow To Get Instant Life Insurance 100% OnlineAnd The Insurance Options You Can Choose FromWe gave Bestow Insurance an overall rating of 4.66 out of 5 stars, keep reading to find out why and to discover what Bestow Insurance is.
Who Is Bestow Life Insurance?Bestow is a life insurance carrier that was founded in 2016 by a team of finance experts, tech specialists, and licensed agents. They sell term life insurance policies and they are the blueprint when it comes to purchasing life insurance online.
Bestow Insurance is number 1 when it comes to:
no medical exam insurance100% online applicationinstant 5 minute approvalsmultiple term optionsand large coverage amountsThe company offers up to $1.5 million in coverage and the most term lengths of any simplified issue policy.
Are they legit?
Bestow is backed by North American Company For Life And Health Insurance and as of today, North American holds an A+ (Superior) rating with A. M. Best. North American has been around for over 100 years and was founded in 1886.
In 2020 Bestow raised $50 million and also became the first fully digital life insurance carrier in the U.S. after obtaining a carrier license.
So, yeah Bestow is pretty legit when it comes to the life insurance space.
Why Should You Choose Bestow?They provide you with a convenient application process and offer affordable life insurance rates. Not to mention, Bestow insurance policies are provided by an A+ rated carrier (North American) on A. M. Best.
What does this mean?
This Superior A+ rating for Bestow Life Insurance means the company has a high ability to payout claims.
No Medical Exam RequiredThe first 100% no medical exam term life insurance. Bestow will offer you coverage right away without having to draw blood, take a medical exam or wait for test results. With a ton of different policy options, Bestow insurance makes getting covered with no medical exam required very easy.You can apply without the need to talk with an insurance agent. And that’s not all. Bestow offers up to $1.5 million in coverage and the most term lengths of any simplified issue policy.
Get An Instant Life Insurance Quote
Can I Get Term Life Insurance Quotes Online? Yes; the fastest way to get term life insurance quotes without personal information or an agent calling is by using the free quote form to the right:
Average Cost Of Life Insurance By State The national average life insurance premium by state is around $631 per year or about $53 per month, you should definitely to do your due diligence before you decide on how much life insurance you need or which company to choose.
Is There A No Exam Life Insurance Age Limit?There is a life insurance age limit and it is based on the type of life insurance coverage you are looking for. Most no-medical exam term life policies have a maximum age at issue of 65, while traditional term life policies and whole life policies usually go up to age 85.
Get Up To $1.5 Million In CoverageBestow offers $50,000 to $1.5 Million in term life insurance coverage with terms of 10, 15, 20, 25, and 30 years. What else? They do it super fast. Think accelerated underwriting.
You Can Be Insured Within MinutesYou can get a quote in just a few seconds. Unlike other online life insurance providers, they underwrite the policies they offer in-house with their own technology. And you will get instant coverage upon approval.
Let’s have a look at the terms they offer.
THE SIMPLY INSURANCE WAY
Term Life Insurance made easy.
Agents not required.
Get quotes and sign up online without talking to an agent. But, we are here if you need us.
Unbiased, expert advice.
Get unbiased insurance education from licensed experts and also avoid dodgy sales calls.
Coverage in minutes.
You can get term life insurance coverage within minutes of getting your quotes and applying.
How Much Does Bestow Life Insurance Cost?Bestow life insurance plans start at around $10.17 per month for $250,000 in coverage for a 33 year old female and $14.96/month for a 33 year old male. We cover a few Bestow life insurance rates below:
Bestow Life Insurance Rates For Men & WomenAge
Gender
$250,000
$500,000
$1,000,000
25
Female
$10.79
$14.75
$23.50
Cell
Male
$17.04
$23.08
$40.17
30
Female
$12.04
$16.83
$27.76
Male
$17.88
$24.75
$43.50
35
Female
$14.13
$19.75
$33.50
Cell
Male
$18.71
$26.42
$46.83
40
Female
$22.88
$27.25
$48.50
Cell
Male
$29.96
$38.50
$71.00
45
Female
$31.63
$38.08
$70.17
Cell
Male
$41.21
$50.17
$94.33
50
Female
$40.38
$55.58
$105.17
Male
$52.46
$73.50
$141.00
When it comes to instant issue coverage there is no better option than Bestow.
COMPANY NAME
MONTHLY PREMIUM
IS AN Exam requireD?
Banner Life
$13.00
Exam Required
Mutual Of Omaha
$14.00
Exam Required
Haven Life
$14.00
Exam May Be Required
Bestow
$16.00
No Exam Required
Fabric Life
$16.00
Exam Required
John Hancock
$17.00
Exam Required
Sagicor
$18.00
No Exam Required
Transamerica
$18.00
Exam Required
Ethos
$20.00
No Exam Up To $1 Million
Prudential
$21.00
Exam Required
As you can see, Bestow is right in line with the pricing of all the top life insurance companies.
Bestow Insurance Terms ReviewWe reviewed each of the 5 insurance plans offered by Bestow. And we offer you our expert opinion on which plan you should choose based on your needs.
The 10 Year PlanThis policy is going to be the most affordable option with low pricing and will be best for people who are looking at their short term needs. A 10 year term is a great starting point and locking your low rates in is going to be essential.
The 15 Year PlanThis policy is going to be the second-most affordable option with low to mid pricing and will be best for people who are looking at their middle to long term needs. A 15 year term is a great option if you are starting a family or expect to have a baby soon.
The 20 Year PlanThe twenty year term life policy will be in the middle when it comes to costs between the 5 different options; however, it will still be very affordable. The 20 year term length option is going to be best for someone focused on their future and want to be covered for an extended period of time with the maximum amount of savings.
The 25 Year PlanWhen it comes to cost, the premiums will be the second highest out of all the options. The 25 year term length option is great if you want to lock in your savings and are trying to protect a mortgage or a family with kids going to college.
The 30 Year PlanWhen it comes to cost, the premiums will be the most expensive out of all the options. However, it’s also going to lock your rates in for the longest and give you the most savings. The 30 year term length option is great if you want to lock in the most savings and are trying to protect your mortgage or family.
All Cause Death BenefitAll of these policies will pay out for all types of death from accidental death, terminal illness, critical illness or chronic illness. With all insurance policies, there are some limitations so be sure to read the policy for things that aren’t covered.
For instance, there is a 2 year waiting period before this policy will pay out for death by suicide.
The Pros And ConsAfter carefully studying their application process, available plans and policy rates, we put together a list of Pros and Cons for choosing Bestow Insurance:
Bestow Life Insurance ProsWhy should you choose Bestow? They completely re-engineered the buying experience for term life insurance to be super simple and more affordable.
And it gets better, you also get 30 days after you have been approved to look over the policy and decide if it’s the right thing for you and your family.
We recommend choosing Bestow Insurance because:
absolutely no medical examsup to $1.5 million in coverage10, 15, 20, 25, & 30 year terms apply online without talking to an agent5 minute, instant online approvalsno personal info needed for a quote30 day money-back guaranteeBut we must be transparent and tell you about the Cons as well:
Bestow Life Insurance ConsThere are a few negative aspects you should know about (but the Pros heavily outweigh the Cons). Some things to consider:
their policies are not available in New YorkBestow offers only term life insuranceno additional riders availableonly covers ages 18 to 64Based on all these factors, below is our final rating for Bestow Life Insurance.
LIFE INSURANCE WHERE YOU LIVE
Term Life insurance by state.
With a Life Insurance policy you can take care of your family the right way.
Should anything happen to you, you’ll want to leave your loved ones a financial nest egg for their wellbeing.
Our Final Rating For Bestow Life InsuranceHere are our thoughts on life insurance issued by Bestow:
The CompanyBestow insurance is backed by an A+ rated carrier on A. M. Best which means payouts are guaranteed.
We rate the insurance company a 4.8 out of 5 stars.
The Application ProcessWith no medical exam required, a 100% online process, instant quotes and accelerated underwriting, Bestow offers a convenient and easy way to get insured.
We rate the insurance application process a 5 out of 5 stars.
Risk AssessmentBased on the risk you take when applying for an insurance policy, we rate Bestow a 5 out of 5.
Why? Their 30 days money-back guarantee allows you to decide if it’s the right fit for you and your family. During those 30 days you can cancel anytime.
Life Insurance RatesBestow is right in line with the pricing of all the top life insurance companies and has affordable rates.
For the cost of life insurance we give them a 4.5 out of 5 stars.
Terms And CoverageInsurance terms and coverage amounts are limited, this is why we give Bestow Insurance a 4 out of 5 stars for their policy options.
Overall ScoreBased on the 5 factors we reviewed, Bestow Life Insurance got a final rating of 4.66 out of 5 stars.
With this rating, we can highly recommend Bestow as being one of the top insurance companies out there. Have you decided on getting a quote? It takes only a few seconds.
Life Insurance Coverage Made SimpleCompare Free Quotes From Ethos & Get a Policy in Minutes.
Apply Right Now!With Bestow, instead of having to deal with an exam or wait weeks for an answer, if you qualify, you can be covered within minutes.
With the accelerated underwriting process, you no longer have to be afraid of buying life insurance. It’s so fast, you won’t even realize your application is complete, and your coverage has started.
How Can I Qualify For A Bestow Policy?To qualify for the Bestow term life insurance policy, you must:
Be A U.S. Citizen Or Permanent Resident Between The Ages Of 18-64Require A 10, 15, 20, 25 Or 30 Year Term OptionNeed Between $50,000 To $1,500,000 In No Exam coverageLive In Any State Except NYWhere Can I Apply?Just click here to get a life insurance quote from Bestow or use any of the buttons above.
Frequently Asked QuestionsDoes Bestow Insurance Offer Life And Health Insurance?
No, Bestow only offers term life insurance for now. Bestow also doesn’t offer any permanent life insurance products.
Does Bestow Life Insurance Payout On Claims?
Yes, Bestow offers term life insurance for 10, 15, 20, 25, & 30 year terms, if you pass away during your term, your beneficiary will be paid out the death benefit of your policy.
How Do I File A Claim?
Right now, the fastest way to file a claim with Bestow is on the phone at 1-833-300-0603 to speak with one of their Customer Care Advisors.
Does Bestow Insurance Offer Life And Health Insurance?
No, Bestow only offers term life insurance for now. Bestow also doesn’t offer any permanent life insurance products.
What does a life insurance medical exam consist of?
A life insurance medical exam consists of a detailed questionnaire and a full physical exam which includes checking your height & weight, blood pressure, taking a urine sample and also drawing blood. Depending on your age you might also have to take a resting EKG test to check your heart.
Are There Any Claim Exclusions?
There are a few exclusions when paying a life insurance claim. The exclusions include death from suicide (within the first 2 years of coverage), and high-risk activities like scuba diving, automobile or motorboat racing, and mountain or rock climbing.
Also, operating or learning to operate an aircraft as a student, pilot or crew (excluding commercial pilot).
As always, please read the policy specifics when it arrives in the mail; however, those are some general exclusions which is industry standard for most policies.
Is Bestow life insurance legit?
Yes, Bestow life insurance is legit; in fact, In 2020, Bestow raised $50 million and also became the first fully digital life insurance carrier in the U.S. after obtaining a carrier license. So, yeah Bestow is pretty legit when it comes to the life insurance space.
What does Bestow life insurance cover?
Bestow life insurance offers up to $1.5 Million in term life insurance coverage with terms of 10, 15, 20, 25, and 30 years. If you qualify, Bestow will offer you coverage instantly without needing to take a medical exam.
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