In a Nutshell
- Fast application process entirely online
- No medical tests required
- Only term life insurance available
- Policies are not renewable
Bestow is best for working parents or individuals, homemakers, or students who know that they need life insurance, but don’t have the time to spend interviewing agents, getting blood draws and medical exams, and working through paper applications. If you want term life insurance without spending a lot of time, Bestow is ideal for you.
Because you can choose a super-short policy of just 2 years, it's also great for people who want life insurance coverage now but aren't yet sure what their long-term needs will be.
Bestow stands out for making life insurance easily and pretty much instantly available online. Customers appreciate it because they don't have to get blood tests or other medical exams or make time for a long in-person interview. You just complete the online application to get an underwriting decision in a few minutes, thanks to Bestow’s data-driven approach.
Although Bestow’s life insurance is so easy to get, it’s still fully personalized according to the needs of each applicant. You can choose your level of coverage and your policy term so that you end up with the life insurance policy that suits you!
- No medical exams or blood tests
- Fast application process and instant decision through the advanced algorithm
- Entirely online process
- Can apply on your computer, phone, or other device
- Easily adjustable
Bestow’s fast application process might just be the best thing about the company. It takes an average of 3 minutes to complete the Bestow life insurance application. Bestow uses its accelerated underwriting process to evaluate your application and if approved, provides you with an actual rate within seconds, not days. If you’re happy with Bestow’s offer, you'll just enter your credit card information to start your policy. Surprisingly, many life insurers don’t accept credit cards but Bestow makes payments really convenient.
You’ll need to provide the following information:
- Personal details such as your name, date of birth, email address, Social Security number, etc.
- Life information, including your medical history, citizenship status, and lifestyle
- Details about your beneficiaries who would receive the insurance payout if you pass away
- Credit or debit card payment information so that your policy payments can be collected
As part of your application, Bestow runs a soft credit check which doesn’t affect your credit standing. Your policy begins as soon as you make the first payment and runs until the end of your chosen term.
To assess your level of risk without making you carry out medical exams, Bestow also asks permission to pull your data from third parties. These include sources like prescription history databases, motor vehicle reports, and identity verification. It’s a nice painless alternative to a medical exam and needles.
Policy Types and Terms
Bestow only offers term life insurance, which is the most affordable and easiest to process type of life insurance. That means that if you should die during the course of the policy, your beneficiaries will receive the coverage amount of your life insurance policy. If you outlive the term of your policy, you don’t get any refund or option to withdraw payments from your policy.
When you buy life insurance from Bestow, you can choose a term length of 2, 10, or 20 years, and pick your coverage amount from $50,000 to $1 million.
- Policies start at $2.50/month
- Coverage up to $1M
- Terms (2, 10, and 20 year)
- If you die before the end of your policy term, your beneficiaries receive your coverage amount
- Bestow’s term life policies are not renewable
How Safe Is It?
Bestow helps give you full peace of mind of knowing that your loved ones will be provided for in the event of your untimely death. Bestow is backed by 2 of the US’s biggest life insurance providers— Munich Re, which is America’s largest reinsurer, and North American Company for Life and Health Insurance, which has been a member of the huge Sammons Financial Group for well over 100 years. Both North American and Munich Re are rated A+ (superior) by A. M. Best. Bestow itself has an A rating from BBB and is secured by Comodo. Your credit card details are stored with Stripe, using advanced encryption so that even Bestow itself has no access to your payment information.
To get the information that it needs to produce a quote for you, Bestow accesses your data with various third parties. All of those third parties are compliant with FCRA, HIPAA, and MIB regulations as relevant, and you’ll be asked for your specific consent to each data disclosure. This is pretty normal across the life insurance industry.
Help & Support
Bestow has an extensive and well-organized FAQ section of which is fully searchable. If you need one-on-one customer support, that’s available via chat or telephone at 1-833-300-0603. There’s no information about customer service hours, though. Bestow is very active on social media, with accounts on Facebook, Twitter, LinkedIn, Instagram, and AngelList.
Bestow at a Glance
Bestow offers fast, affordable term life insurance policies for everybody, whether you’re working, studying, or running your home. The easy, online application process that doesn’t require blood tests or medical exams helps to make life insurance more accessible for busy Americans. You can apply anywhere, through the website or mobile portal, to access customized, low-cost life insurance.
- Fast, online application
- Customized life insurance policies
- No blood tests or medical exams
- Choose your term and level of coverage
750 North St. Paul Street
Dallas, TX 75201